Westpac Banking (WBKCY) Operating Expenses (2009 - 2024)
Westpac Banking (WBKCY) posted Operating Expenses of -$3.1 billion for Q3 2024, up 12.39% quarter-over-quarter from -$3.6 billion in Q3 2023, and up 12.39% year-on-year from -$2.8 billion in Q4 2023.
Westpac Banking (WBKCY) Operating Expenses (2009 - 2024) Analysis & Trends
Westpac Banking (WBKCY) has reported Operating Expenses for 16 consecutive years, with -$3.1 billion the latest figure, recorded in Q3 2024.
- Operating Expenses for Q3 2024 came in at -$3.1 billion, up 12.39% year-over-year; the trailing twelve-month figure through Sep 2025 was -$3.1 billion (up 53.3% YoY), and the FY2025 annual result was $7.7 billion, up 4.79% from the prior year.
- Operating Expenses was -$3.1 billion for Q3 2024 at Westpac Banking, up from -$3.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at -$9.0 million in Q1 2021 and troughed at -$4.7 billion in Q3 2020.
- Average Operating Expenses over 5 years is -$2.5 billion, with a median of -$3.3 billion recorded in 2024.
- Year-over-year, Operating Expenses soared 35.71% in 2021 and tumbled 11827.21% in 2022.
- Over 5 years, Operating Expenses stood at -$4.7 billion in 2020, then advanced by 25.51% to -$3.5 billion in 2021, then declined by 8.87% to -$3.8 billion in 2022, then grew by 5.64% to -$3.6 billion in 2023, then climbed by 12.39% to -$3.1 billion in 2024.
- Per Business Quant data, the three most recent Operating Expenses figures were -$3.1 billion in Q3 2024, -$3.6 billion in Q3 2023, and -$3.8 billion in Q3 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | 16.82 Bn |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | 6.82 Bn |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | 13.66 Bn |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 14.22 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | -7.44 Bn |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | 6.11 Bn |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Westpac Banking | 41,655.60 | -40.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -3.69 Bn |
| Sep 30, 2023 | -3.77 Bn |
| Sep 30, 2022 | -3.80 Bn |
| Mar 31, 2022 | -1.24 Bn |
| Sep 30, 2021 | -5.51 Bn |
| Mar 31, 2021 | 46.00 Mn |
| Sep 30, 2020 | -4.69 Bn |
| Mar 31, 2020 | 23.00 Mn |
| Sep 30, 2019 | -3.44 Bn |
| Sep 30, 2018 | -3.59 Bn |
| Mar 17, 2018 | -4.30 Bn |
| Sep 30, 2017 | -3.69 Bn |
| Mar 16, 2017 | 154.00 Mn |
| Sep 30, 2016 | -4.65 Bn |
| Mar 31, 2016 | -4.57 Bn |
| Sep 30, 2015 | -5.06 Bn |
| Mar 31, 2015 | -4.41 Bn |
| Sep 30, 2014 | -3.40 Bn |
| Mar 31, 2014 | -4.28 Bn |
| Sep 30, 2013 | -4.04 Bn |