Westpac Banking (ASX:WBC) Tax Provision: A$-3,082 Mil (TTM As of Mar. 2026)

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ASX:WBC Westpac Banking Corp ASX:WBC
66 GF Score
Price A$36.58
GF Value A$35.96
Valuation Fairly Valued
! 3 Warning Signs
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What is Westpac Banking Tax Provision?

Westpac Banking ASX:WBC -0.16% 66 Tax Provision is A$-3,082 Mil as of Mar. 2026. GuruFocus rates ASX:WBC with a GF Score™ of 66/100 and a GF Value™ of A$35.96 (Fairly Valued). The stock has 3 warning signs investors should review.

Westpac Banking's tax provision for the six months ended in Mar. 2026 was A$-1,491 Mil. Its tax provision for the trailing twelve months (TTM) ended in Mar. 2026 was A$-3,082 Mil.

Westpac Banking Tax Provision Historical Data

* Premium members only.

The historical data trend for Westpac Banking's Tax Provision 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 Tax Provision Chart

Westpac Banking Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,038.00 -2,770.00 -3,104.00 -3,117.00 -3,111.00

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
Tax Provision 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 -1,491.00 -1,626.00 -1,520.00 -1,591.00 -1,491.00
ASX:WBC
66GF Score
Westpac Banking Corp ASX:WBC
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
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Westpac Banking Tax Provision Calculation

Tax to be paid.

Tax Provision 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$-3,082 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 Tax Provision →
What does a Tax Provision of A$-3,082 Mil mean?
Westpac Banking (ASX:WBC) has a Tax Provision of A$-3,082 Mil as of Mar. 2026. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Westpac Banking and its competitors.
Is Westpac Banking's Tax Provision too high?
Westpac Banking's current Tax Provision is A$-3,082 Mil. Overall, Westpac Banking has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Tax Provision compare to JPM and BAC?
Westpac Banking's Tax Provision of A$-3,082 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 Tax Provision for a Banks company?
A good Tax Provision depends on the Banks industry context. However, Tax Provision 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 Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Westpac Banking and its competitors. Westpac Banking's current Tax Provision is A$-3,082 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?
Based on GuruFocus' analysis, Westpac Banking (ASX:WBC) is currently considered Fairly Valued. The stock's GF Value™ is A$35.96, compared to a current price of A$36.58 — trading 1.7% above its estimated fair value. The current Tax Provision is A$-3,082 Mil. Westpac Banking's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Westpac Banking (ASX:WBC), the current Tax Provision is A$-3,082 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.

Is Westpac Banking (ASX:WBC) Overvalued in 2026?

Based on GuruFocus' analysis, Westpac Banking stock appears to be overvalued. The current stock price of A$36.58 is trading 1.7% above its estimated GF Value™ of A$35.96. GuruFocus considers Westpac Banking to be Fairly Valued.

Key valuation signals for ASX:WBC:

  • Tax Provision: A$-3,082 Mil
  • GF Value™: A$35.96 vs. price of A$36.58 (1.7% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the ASX:WBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

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.
66GF Score

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Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$36.58
Price
A$35.96
GF Value