Westpac Banking (WBC.AX) Stock Price

Westpac Banking Price

ASX·CLOSED
35.58AUD-0.64 (-1.78 %)
Market closed

Over the last 19 years Westpac Banking grew revenue by 4.9% annually, reaching 22.77 B AUD. Earnings per share have grown at 0.8% per year over the last 19 years. For Westpac Banking, the net margin of 30.3% is up versus 25.4% a few years ago. At today's price the dividend yield works out to roughly 6.14%. The payout ratio is around 117% of earnings. The dividend has grown at 1.5% per year over the past 19 years. The consensus 12-month price target for Westpac Banking is 35.24 AUD, about 1.0% below where the stock trades today. Of 18 analysts, 0 rate the stock a buy — an overall Sell consensus. The stock trades about 3% above its 52-week low.

Westpac Banking stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Westpac Banking over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Westpac Banking stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Westpac Banking's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Westpac Banking Stock Price History
DateWestpac Banking Price
8/11/202635.58 AUD
8/10/202636.22 AUD
8/7/202637.93 AUD
8/6/202638.77 AUD
8/5/202638.53 AUD
8/4/202638.82 AUD
8/3/202637.62 AUD
7/31/202637.87 AUD
7/30/202638.15 AUD
7/29/202637.94 AUD
7/28/202638.02 AUD
7/27/202637.50 AUD
7/24/202637.14 AUD
7/23/202636.64 AUD
7/22/202636.34 AUD
7/21/202636.22 AUD
7/20/202636.67 AUD
7/17/202636.56 AUD
7/16/202636.63 AUD
7/15/202636.38 AUD
7/14/202636.47 AUD
7/13/202636.66 AUD
7/10/202636.53 AUD
7/9/202636.20 AUD
7/8/202636.25 AUD
7/7/202636.13 AUD
7/6/202635.29 AUD
7/3/202635.79 AUD
7/2/202635.28 AUD
7/1/202634.50 AUD
6/30/202635.39 AUD
6/29/202635.22 AUD
6/26/202635.18 AUD
6/25/202635.56 AUD
6/24/202635.76 AUD
6/23/202635.48 AUD
6/22/202635.12 AUD
6/19/202634.92 AUD
6/18/202635.12 AUD
6/17/202635.86 AUD
6/16/202635.04 AUD
6/15/202635.38 AUD
6/12/202635.05 AUD
6/11/202634.61 AUD
6/10/202635.24 AUD
6/9/202634.71 AUD
6/5/202634.72 AUD
6/4/202635.04 AUD
6/3/202635.86 AUD
6/2/202635.49 AUD
6/1/202635.96 AUD
5/29/202636.04 AUD
5/28/202635.78 AUD
5/27/202635.81 AUD
5/26/202636.80 AUD
5/25/202636.72 AUD
5/22/202636.79 AUD
5/21/202636.40 AUD
5/20/202635.65 AUD
5/19/202636.39 AUD
5/18/202635.71 AUD
5/15/202635.84 AUD
5/14/202635.72 AUD
5/13/202635.57 AUD
5/12/202636.61 AUD
5/11/202637.12 AUD
5/8/202637.44 AUD
5/7/202639.34 AUD
5/6/202638.94 AUD
5/5/202637.63 AUD
5/4/202638.50 AUD
5/1/202638.45 AUD
4/30/202638.50 AUD
4/29/202638.22 AUD
4/28/202638.62 AUD
4/27/202638.98 AUD
4/24/202639.01 AUD
4/23/202639.12 AUD
4/22/202639.40 AUD
4/21/202640.25 AUD
4/20/202640.02 AUD
4/17/202639.73 AUD
4/16/202640.02 AUD
4/15/202640.69 AUD
4/14/202641.48 AUD
4/13/202642.59 AUD
4/10/202642.77 AUD
4/9/202642.65 AUD
4/8/202641.95 AUD
4/7/202640.80 AUD
4/2/202639.86 AUD
3/27/202640.59 AUD
3/26/202640.46 AUD
3/25/202640.38 AUD
3/24/202639.72 AUD
3/23/202640.35 AUD
3/20/202640.80 AUD
3/19/202641.13 AUD
3/18/202641.51 AUD
3/17/202641.49 AUD
3/16/202640.92 AUD
3/13/202640.99 AUD
3/12/202640.24 AUD
3/11/202641.03 AUD
3/9/202639.74 AUD
3/6/202641.00 AUD
3/5/202641.37 AUD
2/27/202642.50 AUD
2/25/202642.95 AUD
2/24/202642.65 AUD
2/23/202642.04 AUD
2/20/202642.54 AUD
2/19/202641.89 AUD
2/18/202640.70 AUD
2/17/202640.74 AUD
2/16/202640.61 AUD
2/13/202640.52 AUD
2/12/202641.00 AUD
2/11/202640.27 AUD
2/10/202639.28 AUD
2/9/202640.01 AUD
2/6/202639.32 AUD
2/5/202639.91 AUD
2/4/202639.89 AUD
2/3/202639.32 AUD
2/2/202638.92 AUD
1/30/202638.82 AUD
1/28/202638.86 AUD
1/27/202639.03 AUD
1/23/202638.74 AUD
1/21/202638.11 AUD
1/20/202638.49 AUD
1/19/202638.97 AUD
1/16/202639.24 AUD
1/14/202638.28 AUD
1/13/202638.63 AUD
1/12/202638.18 AUD
1/9/202637.87 AUD
1/8/202638.01 AUD
1/7/202637.61 AUD
1/6/202638.18 AUD
1/5/202639.05 AUD
1/2/202638.95 AUD
12/31/202538.60 AUD
12/30/202539.03 AUD
12/29/202538.94 AUD
12/24/202539.14 AUD
12/23/202539.23 AUD
12/22/202538.75 AUD
12/19/202538.76 AUD
12/17/202538.42 AUD
12/16/202538.41 AUD
12/15/202538.89 AUD
12/12/202538.80 AUD
12/11/202538.25 AUD
12/10/202537.76 AUD
12/9/202538.04 AUD
12/8/202538.23 AUD
12/5/202538.09 AUD
12/4/202537.66 AUD
12/3/202537.40 AUD
12/2/202537.12 AUD
12/1/202537.26 AUD
11/28/202537.59 AUD
11/27/202537.89 AUD
11/26/202537.86 AUD
11/25/202537.99 AUD
11/24/202537.98 AUD
11/21/202537.17 AUD
11/20/202537.75 AUD
11/19/202537.34 AUD
11/18/202537.87 AUD
11/17/202539.03 AUD
11/14/202538.81 AUD
11/13/202539.44 AUD
11/12/202539.86 AUD
11/11/202540.12 AUD
11/10/202539.52 AUD
11/7/202538.95 AUD
11/6/202539.71 AUD
11/4/202540.42 AUD
11/3/202539.82 AUD
10/31/202538.74 AUD
10/29/202538.35 AUD
10/28/202539.50 AUD
10/27/202539.11 AUD
10/24/202538.87 AUD
10/23/202538.91 AUD
10/22/202539.24 AUD
10/21/202539.20 AUD
10/20/202539.18 AUD
10/17/202538.73 AUD
10/15/202539.15 AUD
10/14/202538.39 AUD
10/13/202538.84 AUD
10/10/202539.28 AUD
10/9/202539.10 AUD
10/8/202539.27 AUD
10/7/202539.38 AUD
10/6/202539.26 AUD
10/3/202539.23 AUD
10/2/202539.27 AUD
10/1/202538.74 AUD
9/30/202538.89 AUD
9/29/202538.87 AUD
9/26/202538.16 AUD
9/25/202538.04 AUD
9/24/202537.50 AUD
9/23/202538.86 AUD
9/22/202538.45 AUD
9/19/202538.53 AUD
9/18/202538.70 AUD
9/17/202538.64 AUD
9/16/202539.01 AUD
9/15/202538.73 AUD
9/12/202538.44 AUD
9/11/202537.94 AUD
9/10/202538.30 AUD
9/9/202537.68 AUD
9/8/202537.95 AUD
9/5/202538.10 AUD
9/4/202537.98 AUD
9/3/202537.16 AUD
9/2/202538.54 AUD
9/1/202538.22 AUD
8/29/202538.55 AUD
8/28/202539.01 AUD
8/27/202538.41 AUD
8/26/202538.30 AUD
8/25/202538.39 AUD
8/22/202539.07 AUD
8/21/202538.73 AUD
8/20/202538.40 AUD
8/19/202537.25 AUD
8/18/202537.07 AUD
8/15/202536.81 AUD
8/14/202535.89 AUD
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Westpac Banking Revenue, Pre-Provision Profit, Net Income

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Revenue
Pre-Provision Profit
Net Income
Details
Date
Revenue
Pre-Provision Profit
Net Income
Jan 1, 2023
22.00 B AUD
10.95 B AUD
7.19 B AUD
Jan 1, 2024
21.93 B AUD
10.64 B AUD
6.98 B AUD
Jan 1, 2025
22.77 B AUD
10.47 B AUD
6.91 B AUD
Jan 1, 2026 (e)
22.94 B AUD
0.00 AUD
7.07 B AUD
Jan 1, 2027 (e)
23.69 B AUD
0.00 AUD
7.41 B AUD
Jan 1, 2028 (e)
24.40 B AUD
0.00 AUD
7.70 B AUD
Jan 1, 2029 (e)
24.83 B AUD
0.00 AUD
7.84 B AUD
Jan 1, 2030 (e)
24.91 B AUD
0.00 AUD
8.33 B AUD

Westpac Banking Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 13, 2026, 5:08 PM
 
REVENUEB AUD
REVENUE GROWTH%
Net Interest IncomeB AUD
Non-Interest IncomeB AUD
Loan Loss ProvisionsB AUD
Pre-Provision Profit (PPOP)B AUD
NET INCOMEB AUD
NET INCOME GROWTH%
DIV.AUD
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
39.6737.6637.6038.2937.2630.7426.8725.9747.4357.5358.4322.9423.6924.4024.8324.91
2.66-5.07-0.161.85-2.69-17.50-12.60-3.3782.6821.281.57-60.753.302.991.750.33
14.2715.1515.5216.5116.9116.7016.8617.1618.3218.7519.38–––––
7.385.846.375.724.043.704.592.713.683.183.39–––––
0.751.120.850.710.790.79-0.590.340.650.540.42–––––
12.1711.7712.3712.4410.545.067.918.8010.9510.6410.47–––––
8.017.447.988.096.782.295.465.697.196.986.917.077.417.707.848.33
6.03-7.077.311.33-16.22-66.24138.464.3126.34-2.88-1.052.304.813.931.816.26
2.672.692.692.692.490.441.691.742.032.162.192.202.202.20––
4.300.75––-7.43-82.33284.092.9616.676.401.390.46––––
3.313.523.603.653.733.594.123.893.893.903.693.693.693.693.693.69
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Westpac Banking generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Westpac Banking retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Westpac Banking's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Westpac Banking has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Westpac Banking's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Westpac Banking stock margins

The Westpac Banking margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Westpac Banking. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Westpac Banking.

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Cost-Income Ratio
Profit margin
Details
Date
Cost-Income Ratio
Profit margin
Jan 1, 2021
63.12 %
25.44 %
Jan 1, 2022
55.70 %
28.63 %
Jan 1, 2023
50.21 %
32.69 %
Jan 1, 2024
51.47 %
31.84 %
Jan 1, 2025
54.02 %
30.35 %
Jan 1, 2026 (e)
0.00 %
30.82 %
Jan 1, 2027 (e)
0.00 %
31.27 %
Jan 1, 2028 (e)
0.00 %
31.56 %

Westpac Banking Revenue per Share, Earnings per Share

The Westpac Banking earnings per share therefore indicates how much revenue Westpac Banking has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2021
5.21 AUD
1.32 AUD
Jan 1, 2022
5.11 AUD
1.46 AUD
Jan 1, 2023
5.65 AUD
1.85 AUD
Jan 1, 2024
5.63 AUD
1.79 AUD
Jan 1, 2025
6.17 AUD
1.87 AUD
Jan 1, 2026 (e)
6.71 AUD
2.07 AUD
Jan 1, 2027 (e)
6.93 AUD
2.17 AUD
Jan 1, 2028 (e)
7.13 AUD
2.25 AUD

Westpac Banking business model & stock analysis

The Westpac Banking Corporation is an Australian banking group that was founded in 1817. The company is one of the largest banks in Australia and New Zealand, and one of the leading banks in the Asia-Pacific region. Westpac Banking Corp. is divided into various business divisions, each specializing in specific financial areas. The company operates in Australia and New Zealand in the areas of retail banking, wealth management, business banking, and institutional banking. The company also operates subsidiaries and joint ventures in Asia. Westpac is a leading company in the Australian banking sector and offers a wide range of financial services. One of the company's key business models is the financing of residential and commercial properties, including providing mortgage loans and other loans. The company is also involved in financing land and agricultural transactions. The bank also offers a wide range of services for other sectors, including personal customers, SMEs, large corporations, and institutions. In the personal banking sector, for example, the bank offers checking accounts, credit cards, as well as financing options for cars, boats, and other assets. Westpac also has a wealth management segment specializing in asset management, investment advisory, and securities trading. The company also offers insurance for cars, homes, and businesses. In the investment banking segment of Westpac, corporate financing, mergers and acquisitions, initial public offerings, and capital market transactions are conducted. Westpac employs an experienced team of investment bankers, analysts, and other advisors to offer professional services to its clients. With the advancing digitization, Westpac has also developed a variety of online and mobile banking services. Customers can open online accounts, make transfers, pay bills, and much more from the comfort of their homes. In recent years, Westpac has also launched new initiatives to fulfill its role as a socially responsible bank. For example, the company has committed to combating climate change and taking measures to minimize its environmental impact. Overall, Westpac is one of the leading banks in Australia and New Zealand, and a key player in the Asia-Pacific region. With a wide range of financial services and an experienced team of financial experts, the company is well-positioned to offer its customers first-class services in all areas of the financial system.

Westpac Banking SWOT Analysis

Strengths

1. Strong Market Position: Westpac Banking Corp holds a significant market share in the Australian banking industry, providing a solid foundation for growth.

2. Diverse Product Portfolio: The bank offers a wide range of financial products and services, including retail banking, corporate banking, wealth management, and insurance, catering to the varied needs of its customers.

3. Robust Technology Infrastructure: Westpac has invested heavily in modern technology, enabling seamless digital banking experiences and enhanced security measures.

Weaknesses

1. Customer Complaints: There have been occasional reports of dissatisfied customers regarding poor customer service and complex banking processes, which could impact customer retention.

2. Reliance on Australian Market: Being heavily focused on the Australian market makes Westpac vulnerable to any significant changes in the local economy or financial regulations.

3. Reputation Risk: The bank has faced regulatory scrutiny and legal challenges in the past, potentially affecting its brand reputation and customer trust.

Opportunities

1. Expansion into Asia-Pacific Region: Westpac can leverage its existing expertise and expand its operations into the growing markets of the Asia-Pacific region, tapping into new customer segments.

2. Innovation and Fintech Partnerships: Collaborating with fintech companies and embracing innovative technologies can enable the bank to enhance its product offerings, streamline operations, and stay competitive.

3. ESG Focus: There is a rising demand for sustainable and socially responsible investing. Westpac can capitalize on this trend by promoting environmental, social, and governance (ESG) initiatives and services.

Threats

1. Economic Uncertainty: Volatile economic conditions, including global market fluctuations, could impact the profitability and stability of the banking sector, including Westpac.

2. Regulatory Changes: Changes in banking regulations and compliance requirements may pose challenges for the bank, necessitating adaptation and potential additional costs.

3. Intense Competition: The Australian banking industry is highly competitive, with both traditional banks and new entrants vying for market share. This could pressure Westpac's margins and customer base.

Westpac Banking Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Westpac Banking historical P/E ratio, EBIT multiple, and P/S ratio

Westpac Banking annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Westpac Banking shares outstanding

The number of shares of Westpac Banking was 3.69 B in 2025. This indicates how many shares Westpac Banking is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
4.12 B Stocks
Jan 1, 2022
3.89 B Stocks
Jan 1, 2023
3.89 B Stocks
Jan 1, 2024
3.90 B Stocks
Jan 1, 2025
3.69 B Stocks
Jan 1, 2026 (e)
3.69 B Stocks
Jan 1, 2027 (e)
3.69 B Stocks
Jan 1, 2028 (e)
3.69 B Stocks

Westpac Banking stock splits

In Westpac Banking's history, there have been no stock splits.

Westpac Banking Dividend History

37 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20252.19AUD↑ 1.3%2×
May 8, 20251.09AUD 0.0%1/2
Nov 6, 20251.10AUD↑ 1.3%2/2
20242.16AUD↑ 6.3%2×
20232.03AUD↑ 13.6%2×
20221.79AUD↑ 5.9%2×
20211.69AUD↑ 280.6%2×
20200.44AUD↓ 82.2%1×
20192.49AUD↓ 7.4%2×
20182.69AUD 0.0%2×
20172.69AUD 0.0%2×
20162.69AUD↑ 0.5%2×

Westpac Banking dividend history and estimates

In 2025, Westpac Banking paid a dividend amounting to 2.19 AUD. Dividend means that Westpac Banking distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.69 AUD
0.00 AUD
Jan 1, 2022 (e)
1.79 AUD
-0.04 AUD
Jan 1, 2023
2.03 AUD
0.00 AUD
Jan 1, 2024
2.16 AUD
0.00 AUD
Jan 1, 2025
2.19 AUD
0.00 AUD
Jan 1, 2026 (e)
1.10 AUD
1.10 AUD
Jan 1, 2027 (e)
0.00 AUD
2.20 AUD
Jan 1, 2028 (e)
0.00 AUD
2.20 AUD

Westpac Banking dividend payout ratio

In 2025, Westpac Banking had a payout ratio of 116.88%. The payout ratio indicates the percentage of the company's profits that Westpac Banking distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
127.71 %
Jan 1, 2022
122.31 %
Jan 1, 2023
110.25 %
Jan 1, 2024
120.51 %
Jan 1, 2025
116.88 %
Jan 1, 2026 (e)
106.44 %
Jan 1, 2027 (e)
101.56 %
Jan 1, 2028 (e)
97.72 %

Current Westpac Banking forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.35 %
Buy
0.00 % (0)
Hold
44.44 % (8)
Sell
55.56 % (10)
12M Price Target
35.24
Last Price
35.37
Currency
AUD
12M Return Potential
-0.36 %
LTM Return
0 %

Westpac Banking Analyst Rating Actions

DateFirmActionRatingReliability
1/10/2019
Goldman Sachs
Goldman Sachs
DowngradeBuyNeutral–
11/6/2018
Citigroup
Citigroup
UpgradeNeutralBuy48
6/10/2015
Credit Suisse
Credit Suisse
UpgradeUnderperformNeutral–
5/4/2015
Goldman Sachs
Goldman Sachs
DowngradeBuyNeutral–

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Westpac Banking Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/5/20240.92AUD-10.69 BAUD-2024 Q2
5/7/20231.07AUD-10.99 BAUD-2023 Q2
11/7/20220.66AUD-9.37 BAUD-2022 Q4
5/9/20220.79AUD-10.00 BAUD-2022 Q2
11/1/20210.48AUD-10.49 BAUD-2021 Q4
5/3/20210.92AUD-10.64 BAUD-2021 Q2
11/2/20200.49AUD-10.56 BAUD-2020 Q4
5/4/20200.39AUD-10.51 BAUD-2020 Q2
11/4/20191.10AUD-10.99 BAUD-2019 Q4
5/6/20190.97AUD-10.51 BAUD-2019 Q2

EESG©

Eulerpool ESG Scorecard© for the Westpac Banking stock

74/100
88
Environment
59
Social
74
Governance
E

Environment

20
Scope 1 - Direct Emissions6,559
Scope 2 - Indirect emissions from purchased energy60,481
Scope 3 - Indirect emissions within the value chain39,973,112
Total CO₂ emissions67,040
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees54.47
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Westpac Banking shareholder structure

% Name
2.09435%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
0.74047%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.47009%
BetaShares Capital Ltd.
BetaShares Capital Ltd.
0.46781%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.34340%
Charles Schwab Investment Management, Inc.
Charles Schwab Investment Management, Inc.
0.33500%
DFA Australia Ltd.
DFA Australia Ltd.
...

Westpac Banking Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.9%
Float Shares
-
Shares Outstanding
-

Westpac Banking Executives and Management Board

23 members · avg. age 59 · 35 % women

RZ

Mr. Ryan Zanin (62)

Chief Risk Officer

4.15 M AUD

Management

AM

Mr. Anthony Miller (54)

Group Chief Executive Officer, Managing Director

3.62 M AUD
SC

Mr. Scott Collary (60)

Group Chief Information Officer - Technology

3.42 M AUD
NH

Ms. Nell Hutton (48)

Chief Executive of Westpac Institutional Bank

3.27 M AUD
JY

Mr. Jason Yetton (53)

Chief Executive - Consumer

3.25 M AUD
MR

Mr. Michael Rowland (63)

Chief Financial Officer

3.04 M AUD
CM

Ms. Carolyn Mccann (52)

Group Executive - Customer and Corporate Services

2.61 M AUD

Board of Directors

SG

Mr. Steven Gregg (63)

Non-Executive Independent Chairman of the Board

716,637.00 AUD
PN

Mr. Peter Nash (62)

Non-Executive Independent Director

367,794.00 AUD
MU

Mr. Michael Ullmer (73)

Non-Executive Independent Director

309,060.00 AUD
TB

Mr. Timothy Burroughs (70)

Non-Executive Independent Director

297,464.00 AUD
MS

Ms. Margaret Seale (64)

Non-Executive Independent Director

290,436.00 AUD
NC

Ms. Nerida Caesar (60)

Non-Executive Independent Director

285,882.00 AUD

Westpac Banking Supply Chain

Westpac Banking Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
25 companies
#Nameβ 1YTrend
1
JPMorgan Chase
Supplier·Customer·Banks·US
-0.21
-0.20
-0.22
-0.74
0.08
0.82
0.06
2
Publicis Groupe
Supplier·Media·FR
0.43
-0.20
0.39
-0.33
-0.47
0.80
-0.65
3
Citigroup
Supplier·Customer·Banks·US
-0.81
-0.18
-0.74
-0.72
0.36
0.78
0.38
4
A2B Australia
Supplier·Road & Rail·AU
0.28
0.03
0.22
0.08
-0.01
0.66
—
5
IVE Group
Supplier·Media·AU
0.21
0.08
-0.20
0.67
-0.37
0.66
—
#Nameβ 1YTrend
1
Spark Infrastructure Group
Supplier·AU
0.39
0.38
0.25
0.73
-0.41
—
—
2
Evolution Mining
Supplier·Metals & Mining·AU
-0.75
-0.36
-0.21
0.33
0.17
-0.69
—
3
Bravura Solutions
Supplier·Software·AU
-0.08
-0.09
0.36
-0.79
0.54
-0.34
—
4
Nexion Technologies
Supplier·IT Services·SG
-0.30
-0.14
-0.05
-0.29
0.35
0.16
—
5
CentralNic Group
Supplier·IT Services·GB
-0.21
-0.04
-0.13
-0.51
-0.73
0.19
—

Frequently asked questions about Westpac Banking

The business model of Westpac Banking Corp, one of the largest banks in Australia, revolves around providing a wide range of financial services to individual, business, and corporate customers. Westpac offers traditional banking services such as deposit accounts, loans, and mortgages, as well as wealth management, insurance, and investment solutions. With a focus on customer-centric values, Westpac aims to meet the diverse needs of its clients through tailored products and innovative technology. By offering comprehensive financial solutions, Westpac Banking Corp aims to support its customers' financial goals and contribute to the overall growth and stability of the Australian economy.

Westpac Banking Corp is primarily active in the banking and financial services industry. As one of the largest banks in Australia, Westpac offers a wide range of financial products and services, including retail banking, business banking, wealth management, insurance, and investment banking. With a strong presence in the Australian market, Westpac is known for its comprehensive banking solutions and commitment to customer service. Being a leading player in the industry, Westpac Banking Corp continuously strives to innovate and adapt to the evolving needs of its customers while maintaining its position as a trusted financial institution.

The main competitors of Westpac Banking Corp in the market are Commonwealth Bank of Australia (CBA), Australia and New Zealand Banking Group Limited (ANZ), and National Australia Bank Limited (NAB).

Westpac Banking Corp, also known as Westpac, is one of the largest financial institutions in Australia. Established in 1817 as the Bank of New South Wales, it has a rich history and has played a significant role in the country's economic development. Over the years, Westpac has expanded its services and product offerings, including retail and commercial banking, wealth management, and institutional banking. Today, it operates not only in Australia but also in New Zealand and the Pacific region. With a strong reputation for customer service and innovation, Westpac has become a trusted name in the banking industry.

Westpac Banking Corp has achieved several significant milestones throughout its history. One of the notable accomplishments includes being the first bank in Australia to adopt Automated Teller Machines (ATMs) in the 1970s, revolutionizing banking services. The company also made history by becoming the first Australian bank to introduce online banking in 1995, providing customers with convenient access to their accounts. Another milestone was Westpac's acquisition of St.George Bank in 2008, which solidified its position as one of Australia's largest financial institutions. Furthermore, the company has a strong commitment to social responsibility, being recognized as the first Australian bank to implement a Social and Environmental Framework in 2013.

Westpac Banking Corp is primarily present in Australia and New Zealand.

Westpac Banking Corp, a renowned financial institution based in Australia, represents strong values and a clear corporate philosophy. With a commitment to excellence and integrity, Westpac places utmost importance on customer satisfaction and building lasting relationships. The bank aims to provide innovative financial solutions while considering the needs of all stakeholders. As a responsible corporate citizen, Westpac strives to promote sustainability, diversity, and inclusion in all its endeavors. The company's philosophy emphasizes transparency, ethical conduct, and accountability. With its customer-centric approach and unwavering values, Westpac Banking Corp aims to achieve sustainable growth while delivering exceptional financial services.

Analysts currently set an average price target of 35.54 AUD for the Westpac Banking stock (median: 35.24 AUD), implying +0.5 % versus the latest price. The consensus is based on 18 analyst ratings.

Westpac Banking Analyst Price Targets 2026

18 analysts currently rate the Westpac Banking stock: 0 recommend buying, 8 holding and 10 selling. For 2026, analysts expect Westpac Banking to generate revenue of 22.94 B AUD and earnings per share of 1.92 AUD.

Westpac Banking Analyst Price Targets 2026

Converted at the current exchange rate, the Westpac Banking share trades at 21.79 EUR (35.58 AUD).

The Westpac Banking share (WBC.AX) is listed on 8 stock exchanges, including: Frankfurt (WBC.F), München (WBC.MU), Düsseldorf (WBC.DU), Hamburg (WBC.HM), SIX (Zürich) (WBC.SW), ASX (WBC.AX).

The Westpac Banking Corporation is one of the largest banks in Australia and offers a wide range of financial services. The company is headquartered in Sydney and is listed on the Australian Stock Exchange. Westpac's business model includes four different business divisions: Consumer Bank, Business Bank, Westpac Institutional Bank, and Westpac New Zealand. Each of these divisions targets different customer groups and offers various services. The Consumer Bank offers a wide range of financial services to retail customers, including accounts, loans, mortgages, insurance, and retirement products. Westpac is one of the largest mortgage providers in Australia and has a wide network of branches and ATMs. The Business Bank focuses on small and medium-sized enterprises and offers specialized financing solutions to support entrepreneurs in starting and growing their businesses. This includes loans, overdrafts, trade finance, foreign exchange, and risk management products. Westpac Institutional Bank specializes in serving large customers such as multinational companies, governments, and financial institutions. The company offers a wide range of financial products and services, including corporate banking, investment banking, asset management, and capital markets. Westpac New Zealand is a subsidiary of Westpac and provides financial services in New Zealand. Here too, the product portfolio includes accounts, loans, mortgages, insurance, and other financial services. Westpac also has a strong commitment to sustainability and corporate social responsibility (CSR). The company aims to use 100% renewable energy by 2020 and has already made significant progress in this regard. In addition, Westpac is involved in various social and charitable initiatives to promote positive change in society. In summary, the business model of Westpac Banking Corp is based on a wide range of financial services for different customer groups. With a strong focus on sustainability and CSR, Westpac has established a strong position as one of the leading financial service providers in Australia and New Zealand.

The expected revenue of Westpac Banking is 22.94 B AUD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Westpac Banking is 7.07 B AUD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Westpac Banking is currently 18.57. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Westpac Banking stock.

The price-to-sales ratio (P/S) of Westpac Banking is currently 5.72. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Westpac Banking stock.

The Eulerpool Quality Score for Westpac Banking is 1/10.

The ISIN of Westpac Banking is AU000000WBC1. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Westpac Banking is 854242. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Westpac Banking is WBC.AX. The ticker symbol is used to trade Westpac Banking shares on the stock exchange.

Over the past 12 months, Westpac Banking paid a dividend of 2.19 AUD . This corresponds to a dividend yield of about 6.14 %. For the coming 12 months, Westpac Banking is expected to pay a dividend of 2.20 AUD.

The current dividend yield of Westpac Banking is 6.14 %.

Westpac Banking pays a dividend, distributed in the months of , , , .

Westpac Banking paid dividends every year for the past 37 years.

For the upcoming 12 months, dividends amounting to 2.20 AUD are expected. This corresponds to a dividend yield of 6.18 %.

Westpac Banking is assigned to the 'Finance' sector.

To receive the latest dividend of Westpac Banking from amounting to 1.1 AUD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Westpac Banking distributed 2.1 AUD as dividends.

The dividends of Westpac Banking are distributed in AUD.

All fundamentals and in-depth analysis of Westpac Banking

Our stock analysis for Westpac Banking stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Westpac Banking. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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