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Westpac Banking (ASX:WBCPH.PFD) Tax Rate % : 30.83% (As of Sep. 2024)


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What is Westpac Banking Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Westpac Banking's Tax Expense for the six months ended in Sep. 2024 was A$1,626.00 Mil. Westpac Banking's Pre-Tax Income for the six months ended in Sep. 2024 was A$5,274.00 Mil. Therefore, Westpac Banking's Tax Rate % for the quarter that ended in Sep. 2024 was 30.83%.

Westpac Banking Tax Rate % Historical Data

The historical data trend for Westpac Banking's Tax Rate % 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.

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Westpac Banking Tax Rate % Chart

Westpac Banking Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.27 35.74 32.71 30.12 30.84

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
Tax Rate % 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 35.62 28.80 31.71 30.85 30.83

Westpac Banking Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Westpac Banking's Tax Rate % for the fiscal year that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (A: Sep. 2024 )/Pre-Tax Income (A: Sep. 2024 )
=3117/10107
=30.84 %

Westpac Banking's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=1626/5274
=30.83 %

* 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 Rate % Related Terms

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Westpac Banking Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (ASX:WBCPH.PFD) » Definitions » Tax Rate %
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ASX:ANZ ASX:NAB ASX:CBA JPM BAC SHSE:601398 WFC SHSE:601288 SHSE:601939 SHSE:601988 TSX:RY LSE:HSBA TSE:8306 C XSWX:UBSG TSX:TD TSE:8316 TSX:BNS XMAD:SAN TSX:BMO
Traded in Other Exchanges
WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBC:Australia
Address
275 Kent Street, Sydney, NSW, AUS, 2000
Website
https://www.westpac.com.au
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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