Westpac Banking (WEBNF) Rent Expense (2013 - 2016)

Westpac Banking (WEBNF) posted Rent Expense of -$521.0 million for Q3 2016, down 7.2% quarter-over-quarter from -$486.0 million in Q3 2015, and down 7.2% year-on-year from -$561.4 million in Q4 2015.

Westpac Banking (WEBNF) Rent Expense (2013 - 2016) Analysis & Trends

Westpac Banking (WEBNF) has reported Rent Expense for 3 consecutive years, with -$521.0 million the latest figure, recorded in Q3 2016.

  • Rent Expense for Q3 2016 came in at -$521.0 million, down 7.2% year-over-year; the trailing twelve-month figure through Sep 2016 was -$2.3 billion (down 3.27% YoY), and the FY2014 annual result was -$1.5 billion, changed N/A from the prior year.
  • Rent Expense was -$521.0 million for Q3 2016 at Westpac Banking, down from -$486.0 million in the prior quarter.
  • Over five years, Rent Expense peaked at -$486.0 million in Q3 2015 and troughed at -$710.0 million in Q3 2013.
  • Average Rent Expense over 3 years is -$572.3 million, with a median of -$521.0 million recorded in 2016.
  • The widest YoY moves for Rent Expense: up 7.2% in 2016, down 7.2% in 2016.
  • Over 3 years, Rent Expense stood at -$710.0 million in 2013, then jumped by 31.55% to -$486.0 million in 2015, then retreated by 7.2% to -$521.0 million in 2016.
  • Per Business Quant data, the three most recent Rent Expense figures were -$521.0 million in Q3 2016, -$486.0 million in Q3 2015, and -$710.0 million in Q3 2013.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - -
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 1.90 Bn
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - 778.00 Mn
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 681.00 Mn
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - 123.00 Mn
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - 1.45 Bn
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - -
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn 7.67 Mn
10 Westpac Banking - - - -

Historic Data

Download Data
DateValue
Sep 30, 2016 -521.00 Mn
Sep 30, 2016 -521.00 Mn
Sep 30, 2015 -486.00 Mn
Sep 30, 2015 -486.00 Mn
Sep 30, 2013 -710.00 Mn
Sep 30, 2013 -710.00 Mn