Westpac Banking (WEBNF) Tax Provisions (2009 - 2024)
Westpac Banking (WEBNF) reported Tax Provisions of -$1.1 billion for Q3 2024, down 12.0% on a YoY basis from -$1.2 billion in Q4 2023, and down 12.0% quarter-over-quarter from -$972.1 million in Q3 2023.
Westpac Banking (WEBNF) Tax Provisions (2009 - 2024) Analysis & Trends
Westpac Banking has reported Tax Provisions for 16 years, with the latest figure at -$1.1 billion in Q3 2024.
- For the quarter ending Q3 2024, Tax Provisions fell 12.0% year-over-year to -$1.1 billion; the trailing twelve-month figure through Sep 2024 stood at -$4.0 billion (down 40.25% YoY), and the FY2025 full-year result was $2.0 billion, down 3.94% from the prior year.
- Tax Provisions for Q3 2024 stood at -$1.1 billion, down from -$972.1 million in the prior quarter.
- The five-year high for Tax Provisions was $65.0 million in Q1 2021, with the low at -$1.1 billion in Q3 2024.
- Historically, Tax Provisions has averaged -$670.3 million across 5 years, with a median of -$913.5 million in 2022.
- The largest YoY upside for Tax Provisions was 275.68% in 2021 against a maximum downside of 49.29% in 2021.
- Westpac Banking's Tax Provisions stood at -$700.4 million in 2020, then plunged by 49.29% to -$1.0 billion in 2021, then increased by 12.64% to -$913.5 million in 2022, then decreased by 6.41% to -$972.1 million in 2023, then dropped by 12.0% to -$1.1 billion in 2024.
- The last three Tax Provisions figures came in at -$1.1 billion (Q3 2024), -$972.1 million (Q3 2023), and -$913.5 million (Q3 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 537.65 Mn |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -1.98 Bn |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 1.17 Bn |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | 565.37 Mn |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 602.40 Mn |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 1.82 Bn |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -860.14 Mn |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 571.72 Mn |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 691.00 Mn |
| 10 | Westpac Banking | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -1.09 Bn |
| Sep 30, 2023 | -972.06 Mn |
| Sep 30, 2022 | -913.50 Mn |
| Sep 30, 2021 | -1.05 Bn |
| Mar 31, 2021 | 65.00 Mn |
| Sep 30, 2020 | -700.41 Mn |
| Mar 31, 2020 | -37.00 Mn |
| Sep 30, 2019 | -1.08 Bn |
| Sep 30, 2018 | -1.31 Bn |
| Sep 30, 2017 | -1.79 Bn |
| Sep 30, 2016 | -1.66 Bn |
| Sep 30, 2015 | -1.74 Bn |
| Sep 30, 2014 | -1.52 Bn |
| Sep 30, 2013 | -1.47 Bn |
| Sep 30, 2012 | 94.00 Mn |
| Mar 31, 2012 | 13.00 Mn |
| Sep 30, 2011 | 11.00 Mn |
| Mar 31, 2011 | 79.00 Mn |
| Sep 30, 2010 | 37.00 Mn |
| Sep 30, 2009 | 100.00 Mn |