Westpac Banking (WBKCY) Tax Rate (2009 - 2024)
Westpac Banking posted quarterly Tax Rate of 30.83% for Q3 2024, up 88.0% year-on-year from 16.4% in Q4 2023, and up 2.77% on a QoQ basis from 31.71% in Q3 2023.
Westpac Banking (WBKCY) has 15 years of Tax Rate data on file, last reported 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 326.0% 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.
- Across five years, Tax Rate topped out at 30.83% in Q3 2024 and bottomed at 47.09% in Q3 2020.
- The 5-year median for Tax Rate is 35.62% (2022), against an average of 37.32%.
- The widest annual swing landed in 2020, when Tax Rate sank 1667 bps; it then surged 576 bps in 2021.
- A 5-year view of Tax Rate shows it stood at 47.09% in 2020, then climbed by 12 bps to 41.34% in 2021, then rose by 14 bps to 35.62% in 2022, then grew by 11 bps to 31.71% in 2023, then advanced 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,282,929,665.61 Bn | 1,282,929,665.82 Bn | - | - |
| 2 | Toronto Dominion Bank | 928.05 Bn | 749.34 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 | 17.49 |
| 6 | Bank Of Montreal | 316.89 Bn | 316.89 Bn | - | 25.14 |
| 7 | Wells Fargo & Company | 238.28 Bn | 163.21 Bn | - | 11.55 |
| 8 | Citigroup | 235.82 Bn | -1,949.18 Bn | 19.85 Bn | 33.80 |
| 9 | Bank of New York Mellon | 94.86 Bn | 37.94 Bn | - | 19.15 |
| 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 |
| Sep 30, 2020 | -47.09 |
| Sep 30, 2020 | -47.09 |
| Sep 30, 2019 | -30.42 |
| Sep 30, 2019 | -30.42 |
| Sep 30, 2018 | -31.55 |
| Sep 30, 2018 | -31.55 |
| Sep 30, 2016 | -30.63 |
| Sep 30, 2016 | -30.63 |
| Sep 30, 2015 | -28.27 |
| Sep 30, 2015 | -28.27 |
| Sep 30, 2014 | -27.71 |
| Sep 30, 2014 | -27.71 |
| Sep 30, 2013 | 45.45 |
| Sep 30, 2013 | 45.45 |
| Sep 30, 2012 | 2,350.00 |
| Sep 30, 2012 | 2,350.00 |
| Sep 30, 2011 | 183.33 |
| Sep 30, 2011 | 183.33 |
| Sep 30, 2010 | 115.63 |
| Sep 30, 2010 | 115.63 |
| Sep 30, 2009 | 588.24 |
| Sep 30, 2009 | 588.24 |
| Mar 8, 2009 | 23.17 |
| Mar 8, 2009 | 23.17 |