Westpac Banking (WEBNF) Tax Rate (2009 - 2024)
Westpac Banking (WEBNF) 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 (WEBNF) 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 | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 23.02% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -21.14% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 21.90% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.14% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 17.49% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67% |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 26.08% |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 11.55% |
| 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% |