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Westpac Banking (NZSE:WBC) Net Margin % : 33.17% (As of Sep. 2024)


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What is Westpac Banking Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Westpac Banking's Net Income for the six months ended in Sep. 2024 was NZ$3,969 Mil. Westpac Banking's Revenue for the six months ended in Sep. 2024 was NZ$11,967 Mil. Therefore, Westpac Banking's net margin for the quarter that ended in Sep. 2024 was 33.17%.

The historical rank and industry rank for Westpac Banking's Net Margin % or its related term are showing as below:

NZSE:WBC' s Net Margin % Range Over the Past 10 Years
Min: 11.52   Med: 33.27   Max: 38.9
Current: 32.38


NZSE:WBC's Net Margin % is ranked better than
71.69% of 1533 companies
in the Banks industry
Industry Median: 24.47 vs NZSE:WBC: 32.38

Westpac Banking Net Margin % Historical Data

The historical data trend for Westpac Banking's Net Margin % 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.

* Premium members only.

Westpac Banking Net Margin % Chart

Westpac Banking Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.52 25.97 27.87 33.66 32.38

Westpac Banking Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Net Margin % 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 23.00 37.27 30.01 31.56 33.17

Competitive Comparison of Westpac Banking's Net Margin %

For the Banks - Diversified subindustry, Westpac Banking's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Westpac Banking's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Westpac Banking's Net Margin % distribution charts can be found below:

* The bar in red indicates where Westpac Banking's Net Margin % falls into.



Westpac Banking Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Westpac Banking's Net Margin for the fiscal year that ended in Sep. 2024 is calculated as

Net Margin=Net Income (A: Sep. 2024 )/Revenue (A: Sep. 2024 )
=7605.234/23487.007
=32.38 %

Westpac Banking's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=3969.083/11967.091
=33.17 %

* 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  (NZSE:WBC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Westpac Banking Net Margin % Related Terms

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Westpac Banking Business Description

Address
275 Kent Street, 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.

Westpac Banking Headlines

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