Westpac Banking (ASX:WESSWG) Deferred Tax: A$-2.00 Mil (TTM As of Mar. 2026)

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What is Westpac Banking Deferred Tax?

Westpac Banking ASX:WESSWG 63 Deferred Tax is A$-2.00 Mil as of Mar. 2026. GuruFocus rates ASX:WESSWG with a GF Score™ of 63/100. The stock has 3 warning signs investors should review.

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Westpac Banking's change in deferred tax for the six months ended in Mar. 2026 was A$-87.00 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Mar. 2026 was A$-2.00 Mil.

Westpac Banking Deferred Tax Related Terms

Westpac Banking Deferred Tax Historical Data

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The historical data trend for Westpac Banking's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Westpac Banking Deferred Tax Chart

Westpac Banking Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only 350.00 427.00 665.00 -252.00 -421.00

Westpac Banking Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -321.00 69.00 -506.00 85.00 -87.00

Westpac Banking Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.00 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Deferred Tax →
What does a Deferred Tax of A$-2.00 Mil mean?
Westpac Banking (ASX:WESSWG) has a Deferred Tax of A$-2.00 Mil as of Mar. 2026. Change in Defered Tax is amount of deferred tax assets or liabilities due to temporary differences in financial and tax accounting. View historical data for Westpac Banking.
Is Westpac Banking's Deferred Tax too high?
Westpac Banking's current Deferred Tax is A$-2.00 Mil. Overall, Westpac Banking has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Deferred Tax compare to JPM and BAC?
Westpac Banking's Deferred Tax of A$-2.00 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Deferred Tax for a Banks company?
A good Deferred Tax depends on the Banks industry context. However, Deferred Tax should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Deferred Tax mean?
A high Deferred Tax can signal that a stock is expensive relative to its fundamentals. Change in Defered Tax is amount of deferred tax assets or liabilities due to temporary differences in financial and tax accounting. View historical data for Westpac Banking. Westpac Banking's current Deferred Tax is A$-2.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Westpac Banking (ASX:WESSWG) has a current Deferred Tax of A$-2.00 Mil. The current Deferred Tax is A$-2.00 Mil. Westpac Banking's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Deferred Tax calculated?
Deferred Tax is calculated from a company's financial statements. For Westpac Banking (ASX:WESSWG), the current Deferred Tax is A$-2.00 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Westpac Banking Business Description

Address 275 Kent Street, Level 18, Sydney, NSW, AUS, 2000
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.