Westpac Banking (WBKCY) Tax Rate (2009 - 2024)
Westpac Banking (WBKCY) reported Tax Rate of 30.83% for Q3 2024, up 88.0% on a YoY basis from 16.4% in Q4 2023, and up 2.77% quarter-over-quarter from 31.71% in Q3 2023.
Westpac Banking (WBKCY) Tax Rate (2009 - 2024) Analysis & Trends
Westpac Banking has reported Tax Rate for 16 years, with the latest figure at 30.83% in Q3 2024.
- For the quarter ending Q3 2024, Tax Rate rose 88.0% year-over-year to 30.83%; the trailing twelve-month figure through Sep 2024 stood at 34.38% (up 14.0% YoY), and the FY2025 full-year result was 30.97%, up 13.0% from the prior year.
- Tax Rate for Q3 2024 stood at 30.83%, up from 31.71% in the prior quarter.
- The five-year high for Tax Rate was 63.79% in Q1 2020, with the low at 47.09% in Q3 2020.
- Historically, Tax Rate has averaged 11.05% across 5 years, with a median of 31.71% in 2023.
- The largest YoY upside for Tax Rate was 576 bps in 2021 against a maximum downside of 1834 bps in 2021.
- Westpac Banking's Tax Rate stood at 47.09% in 2020, then advanced by 12 bps to 41.34% in 2021, then increased by 14 bps to 35.62% in 2022, then climbed by 11 bps to 31.71% in 2023, then gained by 3 bps to 30.83% in 2024.
- The last three Tax Rate figures came in at 30.83% (Q3 2024), 31.71% (Q3 2023), and 35.62% (Q3 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,362,688,030.33 Bn | 1,362,688,030.55 Bn | - | 23.02 |
| 2 | Hsbc Holdings | 38,978.70 Bn | 38,979.15 Bn | - | -21.14 |
| 3 | Royal Bank Of Canada | 3,027.68 Bn | 2,956.13 Bn | - | 21.90 |
| 4 | Toronto Dominion Bank | 1,012.32 Bn | 1,005.51 Bn | - | - |
| 5 | Bank Of America | 408.37 Bn | -198.33 Bn | 29.24 Bn | 17.49 |
| 6 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67 |
| 7 | Bank Of Montreal | 375.83 Bn | 375.83 Bn | - | 25.14 |
| 8 | Mitsubishi Ufj Financial | 288.20 Bn | -398.08 Bn | 3.81 Bn | 26.08 |
| 9 | Citigroup | 263.31 Bn | -1,921.68 Bn | 19.85 Bn | 33.80 |
| 10 | Westpac Banking | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -30.83% |
| Sep 30, 2024 | -30.83% |
| Sep 30, 2023 | -31.71% |
| Sep 30, 2023 | -31.71% |
| Sep 30, 2022 | -35.62% |
| Sep 30, 2022 | -35.62% |
| Sep 30, 2021 | -41.34% |
| Sep 30, 2021 | -41.34% |
| Mar 31, 2021 | 45.45% |
| Mar 31, 2021 | 45.45% |
| Sep 30, 2020 | -47.09% |
| Sep 30, 2020 | -47.09% |
| Mar 31, 2020 | 63.79% |
| Mar 31, 2020 | 63.79% |
| Sep 30, 2019 | -30.42% |
| Sep 30, 2019 | -30.42% |
| Sep 30, 2018 | -31.55% |
| Sep 30, 2018 | -31.55% |
| Sep 30, 2017 | -30.43% |
| Sep 30, 2017 | -30.43% |