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

Westpac Banking posted quarterly Operating Expenses of -$3.7 billion for Q3 2024, up 0.56% year-on-year from -$3.7 billion in Q4 2023, and up 0.56% on a QoQ basis from -$3.7 billion in Q3 2023.

Westpac Banking (WBKCY) has 15 years of Operating Expenses data on file, last reported at -$3.7 billion in Q3 2024.

  • For the quarter ending Q3 2024, Operating Expenses rose 0.56% year-over-year to -$3.7 billion; the trailing twelve-month figure through Sep 2025 stood at -$3.7 billion (up 50.14% 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 -$3.7 billion, up from -$3.7 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at -$3.7 billion in Q3 2022 and bottomed at -$5.4 billion in Q3 2021.
  • The 5-year median for Operating Expenses is -$3.7 billion (2023), against an average of -$4.2 billion.
  • The widest annual swing landed in 2020, when Operating Expenses sank 36.28%; it then surged 30.98% in 2022.
  • A 5-year view of Operating Expenses shows it stood at -$4.7 billion in 2020, then declined by 14.75% to -$5.4 billion in 2021, then soared by 30.98% to -$3.7 billion in 2022, then retreated by 0.65% to -$3.7 billion in 2023, then grew by 0.56% to -$3.7 billion in 2024.
  • The last three Operating Expenses figures came in at -$3.7 billion (Q3 2024), -$3.7 billion (Q3 2023), and -$3.7 billion (Q3 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Canadian Imperial Bank Of Commerce 1,282,929,665.61 Bn 1,282,929,665.82 Bn - 3.12 Bn
2 Toronto Dominion Bank 928.05 Bn 749.34 Bn - 6.31 Bn
3 Hsbc Holdings 799.80 Bn 799.80 Bn - -
4 Barclays 460.27 Bn 460.27 Bn - -
5 Bank Of America 373.62 Bn -233.08 Bn 29.24 Bn 18.53 Bn
6 Bank Of Montreal 316.89 Bn 316.89 Bn - 4.15 Bn
7 Wells Fargo & Company 238.28 Bn 163.21 Bn - 14.33 Bn
8 Citigroup 235.82 Bn -1,949.18 Bn 19.85 Bn 13.84 Bn
9 Bank of New York Mellon 94.86 Bn 37.94 Bn - 3.40 Bn
10 Westpac Banking - - - -

Historic Data

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DateValue
Sep 30, 2024 -3.72 Bn
Sep 30, 2023 -3.74 Bn
Sep 30, 2022 -3.71 Bn
Sep 30, 2021 -5.38 Bn
Sep 30, 2020 -4.69 Bn
Sep 30, 2019 -3.44 Bn
Sep 30, 2018 -3.59 Bn
Sep 30, 2016 -4.65 Bn
Sep 30, 2015 -5.06 Bn
Sep 30, 2014 -4.35 Bn
Sep 30, 2013 -4.04 Bn
Mar 12, 2013 680.00 Mn
Sep 30, 2012 7.00 Mn
Mar 12, 2012 653.00 Mn
Sep 30, 2011 -3.75 Bn
Mar 11, 2011 637.00 Mn
Sep 30, 2010 3.00 Mn
Mar 31, 2010 1.00 Mn
Sep 30, 2009 31.00 Mn
Mar 8, 2009 2.56 Bn