Westpac Banking Corporation

ASX:WBC Stock Report

Market Cap: AU$89.2b

Westpac Banking Past Earnings Performance

Past criteria checks 4/6

Westpac Banking's earnings have been declining at an average annual rate of -1.8%, while the Banks industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 0.5% per year. Westpac Banking's return on equity is 9.9%, and it has net margins of 34.3%.

Key information

-1.8%

Earnings growth rate

-2.7%

EPS growth rate

Banks Industry Growth7.9%
Revenue growth rate0.5%
Return on equity9.9%
Net Margin34.3%
Next Earnings Update06 May 2024

Recent past performance updates

Recent updates

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

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

Jul 02
With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Westpac Banking (ASX:WBC) Has Announced That It Will Be Increasing Its Dividend To A$0.70

May 10
Westpac Banking (ASX:WBC) Has Announced That It Will Be Increasing Its Dividend To A$0.70

Most Shareholders Will Probably Agree With Westpac Banking Corporation's (ASX:WBC) CEO Compensation

Dec 07
Most Shareholders Will Probably Agree With Westpac Banking Corporation's (ASX:WBC) CEO Compensation

Westpac Banking's (ASX:WBC) Dividend Will Be Increased To A$0.64

Nov 16
Westpac Banking's (ASX:WBC) Dividend Will Be Increased To A$0.64

Revenue & Expenses Breakdown
Beta

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 2320,9977,1959,4610
30 Jun 2320,3956,8059,4080
31 Mar 2319,7936,4129,3540
31 Dec 2219,5326,0529,4110
30 Sep 2219,2715,6949,4680
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
30 Sep 1317,7486,7397,0290
30 Jun 1317,5146,4757,0430

Quality Earnings: WBC has high quality earnings.

Growing Profit Margin: WBC's current net profit margins (34.3%) are higher than last year (29.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: WBC's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: WBC's earnings growth over the past year (26.4%) exceeds its 5-year average (-1.8% per year).

Earnings vs Industry: WBC earnings growth over the past year (26.4%) exceeded the Banks industry 1.3%.


Return on Equity

High ROE: WBC's Return on Equity (9.9%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.