Westpac Banking Corporation

ASX:WBC Stock Report

Market Cap: AU$108.7b

Westpac Banking Past Earnings Performance

Past criteria checks 2/6

Westpac Banking has been growing earnings at an average annual rate of 9.8%, while the Banks industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 2.3% per year. Westpac Banking's return on equity is 9.7%, and it has net margins of 33.2%.

Key information

9.8%

Earnings growth rate

10.3%

EPS growth rate

Banks Industry Growth7.9%
Revenue growth rate2.3%
Return on equity9.7%
Net Margin33.2%
Next Earnings Update17 Feb 2025

Recent past performance updates

Recent updates

Westpac Banking Corporation Just Recorded A 6.3% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 06
Westpac Banking Corporation Just Recorded A 6.3% EPS Beat: Here's What Analysts Are Forecasting Next

With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Jan 27
With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Revenue & Expenses Breakdown

How Westpac Banking makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:WBC Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2421,0516,9909,4600
30 Jun 2420,7206,7387,1220
31 Mar 2420,6126,5369,5550
31 Dec 2320,8056,8669,5080
30 Sep 2320,9977,1959,4150
30 Jun 2320,3956,8059,3520
31 Mar 2319,7936,4159,3540
31 Dec 2219,5326,0559,4110
30 Sep 2219,2715,6949,4350
30 Jun 2220,0585,4959,7920
31 Mar 2220,8455,29210,1150
31 Dec 2121,3295,37410,3180
30 Sep 2121,8125,45810,5210
30 Jun 2120,7554,99910,2180
31 Mar 2119,6974,5429,9140
31 Dec 2018,3513,4159,6260
30 Sep 2017,0052,2889,3370
30 Jun 2017,7903,5429,1490
31 Mar 2018,5754,7958,9600
31 Dec 1919,2155,7878,9370
30 Sep 1919,8556,7788,9130
30 Jun 1920,0546,9228,8400
31 Mar 1920,2537,0658,7680
31 Dec 1820,7757,5788,6220
30 Sep 1821,2978,0908,4740
30 Jun 1821,1788,1828,4300
31 Mar 1821,3638,2748,3840
31 Dec 1721,1568,1298,2950
30 Sep 1720,7977,9848,2060
30 Jun 1720,6407,8168,1350
31 Mar 1720,3317,6478,0630
31 Dec 1620,0967,5448,0380
30 Sep 1619,8617,4408,0130
30 Jun 1620,4507,7697,9600
31 Mar 1621,0398,0987,9070
31 Dec 1520,9648,0527,8490
30 Sep 1520,8898,0067,7900
30 Jun 1520,1927,7737,7140
31 Mar 1519,4947,5407,6380
31 Dec 1419,3917,5467,5390
30 Sep 1419,2877,5517,4390
30 Jun 1418,8767,3137,6620
31 Mar 1418,4657,0757,8400
31 Dec 1318,1076,9077,4240

Quality Earnings: WBC has high quality earnings.

Growing Profit Margin: WBC's current net profit margins (33.2%) are lower than last year (34.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WBC's earnings have grown by 9.8% per year over the past 5 years.

Accelerating Growth: WBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WBC had negative earnings growth (-2.8%) over the past year, making it difficult to compare to the Banks industry average (-8.2%).

Return on Equity

High ROE: WBC's Return on Equity (9.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 03:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Westpac Banking Corporation is covered by 31 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.

AnalystInstitution
Brett Le MesurierAxiome Equities
Craig StaffordBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited