Westpac Banking (WEBNF) Tax Rate (2016 - 2024)
Westpac Banking filings provide 8 years of Tax Rate readings, the most recent being 30.83% for Q3 2024.
- On a quarterly basis, Tax Rate rose 88.0% to 30.83% in Q3 2024 year-over-year; TTM through Sep 2024 was 34.38%, a 326.0% increase, with the full-year FY2025 number at 30.97%, up 13.0% from a year prior.
- Tax Rate hit 30.83% in Q3 2024 for Westpac Banking, up from 31.71% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 30.83% in Q3 2024 to a low of 47.09% in Q3 2020.
- Median Tax Rate over the past 5 years was 35.62% (2022), compared with a mean of 37.32%.
- Biggest five-year swings in Tax Rate: plummeted -1667bps in 2020 and later skyrocketed 576bps in 2021.
- Westpac Banking's Tax Rate stood at 47.09% in 2020, then grew by 12bps to 41.34% in 2021, then grew by 14bps to 35.62% in 2022, then increased by 11bps to 31.71% in 2023, then rose by 3bps to 30.83% in 2024.
- The last three reported values for Tax Rate were 30.83% (Q3 2024), 31.71% (Q3 2023), and 35.62% (Q3 2022) per Business Quant data.