Business description: Westpac Banking Corporation

Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North America and Asia. Its segments include Consumer, Business and Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. Consumer segment provides a full range of banking products and services to customers in Australia through three lines of business consisting of mortgages, consumer finance and cash and transactional banking. Business and Wealth segment comprises business banking, wealth management, private wealth, Westpac Pacific and auto finance. The WIB segment delivers a range of financial products and services to corporate, institutional and government customers. Westpac New Zealand segment provides banking, and wealth products and services for consumer, business and institutional customers in New Zealand.

Number of employees: 35,236

Sales by Activity: Westpac Banking Corporation

Fiscal Period: September 2021 (AUD) 2022 (AUD) 2023 (AUD) 2024 (AUD) 2025 (AUD)

Consumer

9.02B 9.4B 9.33B 7.91B 8.21B

Business & Wealth

5.1B 3.21B 4.21B 5.99B 5.86B

Institutional

1.86B 2.16B 2.8B 3.38B 3.81B

Westpac New Zealand

2.39B 2.53B 2.43B 2.61B 2.86B

Group Businesses

1.2B 976M 875M 1.15B 1.3B

Specialist Businesses

2.06B 389M 1.34B - -

Unallocated Net Cash Earnings Adjustments

184M 605M - - -

Unallocated Notable Items

- - - - -80M
See all business segments

Geographical breakdown of sales: Westpac Banking Corporation

Fiscal Period: September 2021 (AUD) 2022 (AUD) 2023 (AUD) 2024 (AUD) 2025 (AUD)

Australia

22.79B 20.2B 40.22B 48.44B 48.21B

New Zealand

3.51B 5.01B 5.05B 6.81B 8.01B

Other Overseas

345M 488M 1.8B 1.93B 1.82B
See all geographic segments

Executive Committee: Westpac Banking Corporation

Manager TitleAgeSince
Chief Executive Officer - 2024-12-15
Director of Finance/CFO - 2025-09-30
Chief Operating Officer 62 2020-10-31
Investor Relations Contact - 2022-12-31
Corporate Officer/Principal 55 -
See WESTPAC BANKING CORPORATION governance

Composition of the Board of Directors: Westpac Banking Corporation

Director TitleAgeSince
Director/Board Member 61 2017-08-31
Director/Board Member 64 2018-02-28
Director/Board Member 65 2019-02-28
Director/Board Member 72 2023-03-09
Director/Board Member 74 2023-04-02
Chairman 65 2023-11-06
Director/Board Member 59 2024-06-30
Director/Board Member - 2024-12-15
Director/Board Member - 2025-03-02
Director/Board Member - 2025-03-31
Composition of the Board of Directors

Shareholders: Westpac Banking Corporation

NameEquities%Valuation
The Vanguard Group, Inc.
6.028 %
206,182,459 6.028 % 5 307 M $
State Street Global Advisors Trust Co.
1.13 %
38,649,483 1.13 % 995 M $
Commonwealth Superannuation Corp. (Investment Management)
0.7141 %
24,425,199 0.7141 % 629 M $
BetaShares Capital Ltd.
0.5313 %
18,173,647 0.5313 % 468 M $
Netwealth Investments Ltd.
0.5188 %
17,743,987 0.5188 % 457 M $
NameEquities%Valuation
BetaShares Capital Ltd.
2.129 %
37,086,377 2.129 % 26 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.001075 %
18,724 0.001075 % 13 054 $
NameEquities%Valuation
BetaShares Capital Ltd.
2.124 %
32,070,686 2.124 % 23 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.001599 %
24,152 0.001599 % 16 972 $
NameEquities%Valuation
BetaShares Capital Ltd.
2.125 %
37,180,784 2.125 % 26 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.016 %
279,994 0.016 % 197 544 $
NameEquities%Valuation
BetaShares Capital Ltd.
0.0212 %
364,817 0.0212 % 25 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.003142 %
54,014 0.003142 % 4 M $
List of WESTPAC BANKING CORPORATION shareholders

Company details: Westpac Banking Corporation

Westpac Banking Corp.

275 Kent Street

2000, Sydney

+61 2 9155 7713

http://www.westpac.com.au/
address Westpac Banking Corporation(WBC)

Group companies: Westpac Banking Corporation

NameCategory and Sector
Regional Banks
See all subsidiaries

Other Banks

Change 5d. change 1-year change 3-years change Capi.($)
-0.57%+0.24%+20.11%+61.11% 87.75B
-1.02%-5.75%+24.53%+118.87% 838B
-3.75%-5.97%+14.29%+51.56% 398B
-0.95%+0.48%+28.66%+48.57% 372B
-4.37%-5.40%+25.30%+102.18% 294B
+0.02%-0.36%+51.95%+105.18% 279B
-0.51%+0.52%+32.14%+53.56% 269B
-0.20%-0.29%+37.33%+73.72% 236B
0.00%+0.67%+19.15%+51.35% 238B
+3.50%+9.70%+51.27%+194.70% 198B
Average -0.79%-0.56%+30.47%+86.08% 321.02B
Weighted average by Cap. -1.07%-2.07%+28.90%+88.97%
See all sector performances
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
13
Last Close Price
38.28AUD
Average target price
33.93AUD
Spread / Average Target
-11.37%
Consensus

Quarterly revenue - Rate of surprise

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