Westpac Banking Past Earnings Performance
Past criteria checks 3/6
Westpac Banking's earnings have been declining at an average annual rate of -1.8%, while the Banks industry saw earnings growing at 12.6% 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 Growth | 10.6% |
Revenue growth rate | 0.5% |
Return on equity | 9.9% |
Net Margin | 34.3% |
Next Earnings Update | 06 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Westpac Banking makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
30 Sep 23 | 20,997 | 7,195 | 9,461 | 0 |
30 Jun 23 | 20,395 | 6,805 | 9,408 | 0 |
31 Mar 23 | 19,793 | 6,412 | 9,354 | 0 |
31 Dec 22 | 19,532 | 6,052 | 9,411 | 0 |
30 Sep 22 | 19,271 | 5,694 | 9,468 | 0 |
30 Jun 22 | 20,058 | 5,495 | 9,792 | 0 |
31 Mar 22 | 20,845 | 5,292 | 10,115 | 0 |
31 Dec 21 | 21,329 | 5,374 | 10,318 | 0 |
30 Sep 21 | 21,812 | 5,458 | 10,521 | 0 |
30 Jun 21 | 20,755 | 4,999 | 10,218 | 0 |
31 Mar 21 | 19,697 | 4,542 | 9,914 | 0 |
31 Dec 20 | 18,351 | 3,415 | 9,626 | 0 |
30 Sep 20 | 17,005 | 2,288 | 9,337 | 0 |
30 Jun 20 | 17,790 | 3,542 | 9,149 | 0 |
31 Mar 20 | 18,575 | 4,795 | 8,960 | 0 |
31 Dec 19 | 19,215 | 5,787 | 8,937 | 0 |
30 Sep 19 | 19,855 | 6,778 | 8,913 | 0 |
30 Jun 19 | 20,054 | 6,922 | 8,840 | 0 |
31 Mar 19 | 20,253 | 7,065 | 8,768 | 0 |
31 Dec 18 | 20,775 | 7,578 | 8,622 | 0 |
30 Sep 18 | 21,297 | 8,090 | 8,474 | 0 |
30 Jun 18 | 21,178 | 8,182 | 8,430 | 0 |
31 Mar 18 | 21,363 | 8,274 | 8,384 | 0 |
31 Dec 17 | 21,156 | 8,129 | 8,295 | 0 |
30 Sep 17 | 20,797 | 7,984 | 8,206 | 0 |
30 Jun 17 | 20,640 | 7,816 | 8,135 | 0 |
31 Mar 17 | 20,331 | 7,647 | 8,063 | 0 |
31 Dec 16 | 20,096 | 7,544 | 8,038 | 0 |
30 Sep 16 | 19,861 | 7,440 | 8,013 | 0 |
30 Jun 16 | 20,450 | 7,769 | 7,960 | 0 |
31 Mar 16 | 21,039 | 8,098 | 7,907 | 0 |
31 Dec 15 | 20,964 | 8,052 | 7,849 | 0 |
30 Sep 15 | 20,889 | 8,006 | 7,790 | 0 |
30 Jun 15 | 20,192 | 7,773 | 7,714 | 0 |
31 Mar 15 | 19,494 | 7,540 | 7,638 | 0 |
31 Dec 14 | 19,391 | 7,546 | 7,539 | 0 |
30 Sep 14 | 19,287 | 7,551 | 7,439 | 0 |
30 Jun 14 | 18,876 | 7,313 | 7,662 | 0 |
31 Mar 14 | 18,465 | 7,075 | 7,840 | 0 |
31 Dec 13 | 18,107 | 6,907 | 7,424 | 0 |
30 Sep 13 | 17,748 | 6,739 | 7,029 | 0 |
30 Jun 13 | 17,514 | 6,475 | 7,043 | 0 |
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%) did not outperform the Banks industry 26.5%.
Return on Equity
High ROE: WBC's Return on Equity (9.9%) is considered low.