Westpac Banking Corporation (ASX: WBC)

Westpac Banking Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	20,997	19,271	21,812	17,005	19,855
Revenue Growth (YoY)	8.96%	-11.65%	28.27%	-14.35%	-6.77%
Gross Profit	20,997	19,271	21,812	17,005	19,855
Selling, General & Admin	9,461	9,468	10,521	9,337	8,913
Other Operating Expenses	-4,028	-4,114	-4,963	-5,991	-4,115
Operating Expenses	10,692	10,802	13,311	12,739	10,106
Operating Income	11,200	9,502	10,753	5,881	10,709
Interest Income	43,752	23,251	22,278	27,047	33,222
Interest Expense	25,435	6,090	5,420	10,351	16,315
Other Expense / Income	19,218	18,199	19,115	18,313	17,879
Pretax Income	10,305	8,469	8,501	4,266	9,749
Income Tax	3,104	2,770	3,038	1,974	2,959
Net Income	7,195	5,694	5,458	2,290	6,778
Net Income Growth	26.36%	4.32%	138.34%	-66.21%	-16.22%
Shares Outstanding (Basic)	3,686	3,736	3,960	3,592	3,576
Shares Outstanding (Diluted)	3,891	3,889	4,118	3,591	3,729
Shares Change	0.05%	-5.56%	14.68%	-3.70%	2.42%
EPS (Basic)	2.05	1.60	1.49	0.64	1.96
EPS (Diluted)	1.95	1.52	1.38	0.64	1.90
EPS Growth	28.29%	10.14%	115.63%	-66.32%	-14.41%
Free Cash Flow	-35,726	-18,266	16,439	29,501	5,711
Free Cash Flow Per Share	-9.18	-4.70	3.99	8.22	1.53
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	53.34%	49.31%	49.30%	34.58%	53.94%
Profit Margin	34.27%	29.55%	25.02%	13.47%	34.14%
Free Cash Flow Margin	-170.15%	-94.78%	75.37%	173.48%	28.76%
Effective Tax Rate	30.12%	32.71%	35.74%	46.27%	30.35%
EBITDA	-901	-1,038	-2,257	-1,619	-972
EBITDA Margin	-4.29%	-5.39%	-10.35%	-9.52%	-4.90%
Depreciation & Amortization	577	683	923	957	360
EBIT	-1,478	-1,721	-3,180	-2,576	-1,332
EBIT Margin	-7.04%	-8.93%	-14.58%	-15.15%	-6.71%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.