Westpac Banking (WEBNF) Net Margin (2009 - 2024)
Westpac Banking (WEBNF) reported Net Margin of 33.17% for Q3 2024, up 2520.0% on a YoY basis from 1.27% in Q4 2023, and up 316.02% quarter-over-quarter from 7.97% in Q3 2023.
Westpac Banking (WEBNF) Net Margin (2009 - 2024) Analysis & Trends
Westpac Banking has reported Net Margin for 12 years, with the latest figure at 33.17% in Q3 2024.
- For the quarter ending Q3 2024, Net Margin rose 2520.0% year-over-year to 33.17%; the trailing twelve-month figure through Sep 2024 stood at 9.86% (up 21.0% YoY), and the FY2025 full-year result was 11.91%, down 31.0% from the prior year.
- Net Margin for Q3 2024 stood at 33.17%, up from 7.97% in the prior quarter.
- The five-year high for Net Margin was 33.17% in Q3 2024, with the low at 7.97% in Q3 2023.
- Historically, Net Margin has averaged 18.25% across 3 years, with a median of 13.62% in 2022.
- Annual changes were most pronounced in 2023 — Net Margin tumbled 565 bps — and 2024, when it surged 2520 bps.
- Westpac Banking's Net Margin stood at 13.62% in 2022, then plunged by 41 bps to 7.97% in 2023, then surged by 316 bps to 33.17% in 2024.
- The last three Net Margin figures came in at 33.17% (Q3 2024), 7.97% (Q3 2023), and 13.62% (Q3 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 29.27% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | 37.25% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 1.42% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | 25.63% |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.35% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 26.94% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | - |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 23.31% |
| 10 | Westpac Banking | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 33.17% |
| Sep 30, 2023 | 7.97% |
| Sep 30, 2022 | 13.62% |
| Sep 30, 2017 | 42.51% |
| Sep 30, 2016 | 39.11% |
| Sep 30, 2015 | 38.78% |
| Sep 30, 2014 | 35.46% |
| Sep 30, 2013 | 31.68% |
| Sep 30, 2012 | -5.54% |
| Mar 31, 2012 | 0.68% |
| Sep 30, 2011 | -0.59% |
| Mar 31, 2011 | -14.55% |
| Sep 30, 2010 | -4.82% |
| Sep 30, 2009 | -77.93% |