Westpac Banking (ASX:WESSWG) Tax Rate %: 30.35% (As of Mar. 2026)


What is Westpac Banking Tax Rate %?

Westpac Banking ASX:WESSWG 67 Tax Rate % is 30.35% as of Mar. 2026. GuruFocus rates ASX:WESSWG with a GF Score™ of 67/100. The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Westpac Banking's Tax Expense for the six months ended in Mar. 2026 was A$1,491.00 Mil. Westpac Banking's Pre-Tax Income for the six months ended in Mar. 2026 was A$4,913.00 Mil. Therefore, Westpac Banking's Tax Rate % for the quarter that ended in Mar. 2026 was 30.35%.

Westpac Banking Tax Rate % Related Terms

Westpac Banking Tax Rate % Historical Data

* Premium members only.

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.

Westpac Banking Tax Rate % Chart

Westpac Banking Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.74 32.71 30.12 30.84 30.97

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 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 30.85 30.83 31.37 30.60 30.35

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. 2025 is calculated as

Tax Rate %=Tax Expense (A: Sep. 2025 )/Pre-Tax Income (A: Sep. 2025 )
=3111/10044
=30.97 %

Westpac Banking's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1491/4913
=30.35 %

* 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 Rate % →
What does a Tax Rate % of 30.35% mean?
Westpac Banking (ASX:WESSWG) has a Tax Rate % of 30.35% as of Mar. 2026.
Is Westpac Banking's Tax Rate % too high?
Westpac Banking's current Tax Rate % is 30.35%. Overall, Westpac Banking has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Tax Rate % compare to JPM and BAC?
Westpac Banking's Tax Rate % of 30.35% 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 Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % 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 Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Westpac Banking's current Tax Rate % is 30.35%. 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 Tax Rate % of 30.35%. The current Tax Rate % is 30.35%. Westpac Banking's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Westpac Banking (ASX:WESSWG), the current Tax Rate % is 30.35% 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.