Westpac Banking Corporation (ASX:WBC)

Westpac Banking Income Statement

Financials in millions AUD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	-	52,739	42,515	22,981	22,132	26,596
Interest Income on Investments	-	1,608	1,237	270	146	451
Total Interest Income	-	54,347	43,752	23,251	22,278	27,047
Interest Paid on Deposits	-	35,594	25,435	6,090	5,420	10,351
Net Interest Income	19,277	18,753	18,317	17,161	16,858	16,696
Net Interest Income Growth (YoY)	4.60%	2.38%	6.74%	1.80%	0.97%	-1.25%
Income From Trading Activities	639	704	717	664	719	895
Gain (Loss) on Sale of Assets	8	6	268	-826	195	11
Gain (Loss) on Sale of Investments	-	-	-	-	43	316
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-6	-23
Other Non-Interest Income	2,167	2,125	2,343	2,607	3,413	2,288
Total Non-Interest Income	2,814	2,835	3,328	2,445	4,364	3,487
Non-Interest Income Growth (YoY)	-2.36%	-14.81%	36.12%	-43.97%	25.15%	-6.82%
Revenues Before Loan Losses	22,091	21,588	21,645	19,606	21,222	20,183
Provision for Loan Losses	425	537	648	335	-590	3,178
Revenue	21,666	21,051	20,997	19,271	21,812	17,005
Revenue Growth (YoY)	4.57%	0.26%	8.96%	-11.65%	28.27%	-14.35%
Salaries and Employee Benefits	5,882	5,711	5,775	5,644	5,844	4,841
Occupancy Expenses	658	692	755	797	951	1,011
Amortization of Goodwill & Intangibles	883	891	623	546	783	804
Selling, General & Administrative	3,012	2,960	2,795	2,906	3,629	3,405
Other Non-Interest Expense	752	443	382	338	538	1,787
Total Non-Interest Expense	11,293	10,794	10,420	10,319	11,842	11,928
EBT Excluding Unusual Items	10,373	10,257	10,577	8,952	9,970	5,077
Asset Writedown	-59	-59	-39	-349	-805	-717
Pretax Income	10,219	10,107	10,305	8,469	8,501	4,266
Income Tax Expense	3,146	3,117	3,104	2,770	3,038	1,974
Earnings From Continuing Operations	7,073	6,990	7,201	5,699	5,463	2,292
Minority Interest in Earnings	-8	-	-6	-5	-5	-2
Net Income	7,065	6,990	7,195	5,694	5,458	2,290
Preferred Dividends & Other Adjustments	1	-	-	-	-	2
Net Income to Common	7,064	6,990	7,195	5,694	5,458	2,288
Net Income Growth	4.84%	-2.85%	26.36%	4.32%	138.34%	-66.24%
Basic Shares Outstanding	3,418	3,476	3,502	3,559	3,653	3,590
Diluted Shares Outstanding	3,418	3,895	3,891	3,889	4,118	3,591
Shares Change (YoY)	-	0.10%	0.05%	-5.56%	14.68%	-3.70%
EPS (Basic)	2.07	2.01	2.05	1.60	1.49	0.64
EPS (Diluted)	2.07	1.92	1.95	1.52	1.38	0.64
EPS Growth	-	-1.80%	28.08%	10.57%	116.38%	-66.39%
Dividend Per Share	3.030	1.510	1.420	1.250	1.180	0.310
Dividend Growth	741.67%	6.34%	13.60%	5.93%	280.64%	-82.18%
Effective Tax Rate	30.79%	30.84%	30.12%	32.71%	35.74%	46.27%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.