Westpac Banking (WBKCY) Operating Expenses (2009 - 2024)

Westpac Banking has reported Operating Expenses for 16 years, with the latest figure at -$3.2 billion in Q3 2024.

• For the quarter ending Q3 2024, Operating Expenses rose 15.23% year-over-year to -$3.2 billion; the trailing twelve-month figure through Sep 2025 stood at -$3.2 billion (up 54.12% YoY), and the FY2025 full-year result was $7.7 billion, up 4.79% from the prior year.
• Operating Expenses for Q3 2024 stood at -$3.2 billion, up from -$3.7 billion in the prior quarter.
• The five-year high for Operating Expenses was $46.0 million in Q1 2021, with the low at -$3.7 billion in Q3 2023.
• Historically, Operating Expenses has averaged -$2.4 billion across 5 years, with a median of -$3.1 billion in 2022.
• Annual changes were most pronounced in 2021 — Operating Expenses jumped 428.57% — and 2023, when it decreased 19.18%.
• Westpac Banking's Operating Expenses stood at -$3.1 billion in 2020, then retreated by 12.35% to -$3.5 billion in 2021, then gained by 10.21% to -$3.1 billion in 2022, then declined by 19.18% to -$3.7 billion in 2023, then grew by 15.23% to -$3.2 billion in 2024.
• The last three Operating Expenses figures came in at -$3.2 billion (Q3 2024), -$3.7 billion (Q3 2023), and -$3.1 billion (Q3 2022), per Business Quant data.