Westpac Banking (WBC) Stock Overview
Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
WBC Community Fair Values
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Analyst Price Targets
Westpac Banking Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$38.45 |
| 52 Week High | AU$43.32 |
| 52 Week Low | AU$30.28 |
| Beta | 0.80 |
| 1 Month Change | -4.02% |
| 3 Month Change | -0.95% |
| 1 Year Change | 14.95% |
| 3 Year Change | 80.09% |
| 5 Year Change | 47.37% |
| Change since IPO | 762.11% |
Recent News & Updates
WBC: Higher Risk Assumptions Will Constrain Upside From Current Levels
Analysts have trimmed their Westpac Banking price target by A$0.35 to A$34.87, citing slightly revised assumptions for discount rate, revenue growth, profit margin and future P/E. These factors collectively point to a modest recalibration of fair value rather than a major shift in the investment case.WBC: Slight Discount Rate Shift Will Limit Upside Potential
Analysts have slightly reduced their Westpac Banking price target by about A$0.06, reflecting updated assumptions around discount rates, revenue growth and profit margins in their valuation models. Analyst Commentary Analysts are using the small A$0.06 trim to Westpac Banking's price target as a chance to fine tune their views on how much risk, growth and profitability to build into their models rather than signaling a major shift in stance.WBC: Refined Discount Rate And P/E Assumptions Will Constrain Future Upside
Analysts have nudged their Westpac Banking price target slightly lower to A$35.27 from A$35.33, citing small refinements to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the modest cut to the A$35.27 target as a technical clean up after updating discount rate and P/E inputs, rather than a shift in conviction on Westpac Banking's core franchise.WBC: Steady Assumptions And Elevated P/E Will Limit Future Upside
Analysts have modestly increased their 12 month price target for Westpac Banking to around A$35.33, reflecting small adjustments to fair value, discount rate and assumed future P/E, rather than any major change in the underlying thesis. Valuation Changes Fair Value: A$35.31 adjusted marginally to A$35.33, reflecting a very small change in the underlying valuation inputs.Recent updates
WBC: Higher Risk Assumptions Will Constrain Upside From Current Levels
Analysts have trimmed their Westpac Banking price target by A$0.35 to A$34.87, citing slightly revised assumptions for discount rate, revenue growth, profit margin and future P/E. These factors collectively point to a modest recalibration of fair value rather than a major shift in the investment case.WBC: Slight Discount Rate Shift Will Limit Upside Potential
Analysts have slightly reduced their Westpac Banking price target by about A$0.06, reflecting updated assumptions around discount rates, revenue growth and profit margins in their valuation models. Analyst Commentary Analysts are using the small A$0.06 trim to Westpac Banking's price target as a chance to fine tune their views on how much risk, growth and profitability to build into their models rather than signaling a major shift in stance.WBC: Refined Discount Rate And P/E Assumptions Will Constrain Future Upside
Analysts have nudged their Westpac Banking price target slightly lower to A$35.27 from A$35.33, citing small refinements to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the modest cut to the A$35.27 target as a technical clean up after updating discount rate and P/E inputs, rather than a shift in conviction on Westpac Banking's core franchise.WBC: Steady Assumptions And Elevated P/E Will Limit Future Upside
Analysts have modestly increased their 12 month price target for Westpac Banking to around A$35.33, reflecting small adjustments to fair value, discount rate and assumed future P/E, rather than any major change in the underlying thesis. Valuation Changes Fair Value: A$35.31 adjusted marginally to A$35.33, reflecting a very small change in the underlying valuation inputs.WBC: Steady Assumptions And Higher P/E Will Restrain Future Returns
Analysts have maintained Westpac Banking's fair value at A$35.31 and made minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E, reflecting a largely steady view of the bank's outlook and risk profile. What's in the News Shareholders approved an amendment to Westpac Banking Corporation's constitution at the annual general meeting held on December 11, 2025.WBC: Higher P/E Assumptions Will Limit Future Share Price Upside
Analysts have raised their price target for Westpac Banking to A$35.31 from A$33.86, reflecting updated assumptions around revenue growth, profit margin and future P/E. What's in the News Shareholders approved an amendment to Westpac Banking Corporation's constitution at the annual general meeting held on December 11, 2025 (Key Developments).WBC: Competitive And Regulatory Risks Will Limit Market Upside
Westpac Banking's analyst price target has been increased from A$32.23 to A$33.86, as analysts cite improved profit margins and a recent upgrade in rating following stronger financial outlooks. Analyst Commentary Recent analyst actions reflect a shift in sentiment towards Westpac Banking, particularly with the latest upgrade and price target adjustments.Near-Term Margin Pressures Will Limit Upside Amid Competitive Headwinds
Westpac Banking's analyst price target has increased modestly from $32.00 to $32.23. Analysts cite improving profit margins and an upgraded rating from Neutral to Sell as key drivers for the upward revision.Rising Tech Costs And Competition Will Pressure Bank Earnings In Australia
Analysts have raised their fair value estimate for Westpac Banking, increasing the price target from A$31.49 to A$32.00. They cite recent upgrades in market sentiment and improved valuation factors as reasons for the adjustment.Rising Tech Costs And Competition Will Pressure Bank Earnings In Australia
The slight increase in Westpac Banking’s consensus price target to A$31.49 is primarily supported by a higher future P/E multiple, reflecting improved market expectations for earnings growth. What's in the News HSBC is preparing to sell its Australian retail banking arm, valued in the billions, with $40 billion in loans and $30 billion in deposits.Rising Tech Costs And Competition Will Pressure Bank Earnings In Australia
Westpac Banking’s fair value estimate was revised marginally higher amid minimal changes in both the consensus future P/E and the discount rate, resulting in a new analyst price target of A$30.71. What's in the News Westpac Banking is considered a leading contender to acquire HSBC's Australian retail banking arm, which is expected to sell for billions of dollars and includes approximately $40 billion in loans and $30 billion in deposits.Rising Tech Costs And Competition Will Pressure Bank Earnings In Australia
The upward revision in Westpac Banking’s consensus price target reflects improved revenue growth forecasts and a higher future P/E multiple, raising fair value from A$28.65 to A$30.17. What's in the News Westpac Banking is rumored to be a leading contender to acquire HSBC's Australian retail banking arm, which may be valued in the billions of dollars and includes approximately $40 billion in loans and $30 billion in deposits.Here's Why We Think Westpac Banking (ASX:WBC) Is Well Worth Watching
Jul 25
Competitive Pressures And Cost Challenges Loom But Calculated Investments Could Bolster Long-Term Growth
Intense competition and changed deposit mix are compressing net interest margins, challenging revenue growth.Shareholder Returns
| WBC | AU Banks | AU Market | |
|---|---|---|---|
| 7D | -1.4% | -0.09% | -1.4% |
| 1Y | 14.9% | 10.2% | 6.2% |
Return vs Industry: WBC exceeded the Australian Banks industry which returned 10.2% over the past year.
Return vs Market: WBC exceeded the Australian Market which returned 6.2% over the past year.
Price Volatility
| WBC volatility | |
|---|---|
| WBC Average Weekly Movement | 3.2% |
| Banks Industry Average Movement | 3.9% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in AU Market | 17.5% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: WBC has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: WBC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1817 | 35,236 | Anthony Miller | www.westpac.com.au |
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. It operates through the Consumer, Business & Wealth, Institutional, and New Zealand segments. The company offers bank accounts, home and personal loans, credit cards, international and travel banking services, insurance, superannuation, investments, share trading, margin lending, private banking, and online banking services; savings and transactions accounts, loans and finance, payment solutions, insurance for businesses, foreign exchange and international money transfer, commercial business and industry banking; bank guarantee, business digital wallet, business setup, and business term deposits; and corporate online banking, transaction banking, corporate and structured finance, and trade and supply chain finance services.
Westpac Banking Corporation Fundamentals Summary
| WBC fundamental statistics | |
|---|---|
| Market cap | AU$131.46b |
| Earnings (TTM) | AU$6.91b |
| Revenue (TTM) | AU$21.96b |
Is WBC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WBC income statement (TTM) | |
|---|---|
| Revenue | AU$21.96b |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$21.96b |
| Other Expenses | AU$15.05b |
| Earnings | AU$6.91b |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
May 05, 2026
| Earnings per share (EPS) | 2.02 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.47% |
| Debt/Equity Ratio | 337.5% |
How did WBC perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 14:59 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Westpac Banking Corporation is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Craig Stafford | Barrenjoey Markets Pty Limited |
| Jonathan Mott | Barrenjoey Markets Pty Limited |