Loading issuer details...
How Westpac Banking Corporation makes money — FY2024
Revenue $21.6b · Net profit $7.0b (32.4% of revenue) · Balance date 30 September 2024
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2024 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $21.6b | Reported | |
| Operating expenses (incl. depreciation) | −$10.9b | Reported | |
| Depreciation & amortisation | — | Not reported | |
| EBIT | $10.6b | Reported | |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | — | Not reported | Included in the balancing item. |
| Interest, tax and other items (net cost) | −$3.7b | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $7.0b | Reported |
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Westpac 2024 Group Annual Report and Appendix 4E (PDF, NZX)
Westpac Banking Corporation board of directors
11 current directors, 82% independent, average tenure 4.1 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Steven Gregg | Chair | No | 2023 | 3.0 yrs | — |
| Anthony Miller | Executive Director | No | 2024 | 1.9 yrs | — |
| David Cohen | Independent Director | Yes | 2025 | 1.6 yrs | — |
| Debra Hazelton | Independent Director | Yes | 2025 | 1.7 yrs | — |
| Peter Nash | Independent Director | Yes | 2018 | 8.7 yrs | — |
| Tim Burroughs | Independent Director | Yes | 2023 | 3.6 yrs | — |
| Nerida Caesar | Independent Director | Yes | 2017 | 9.2 yrs | — |
| Andy Maguire | Independent Director | Yes | 2024 | 2.3 yrs | — |
| Margaret Seale | Independent Director | Yes | 2019 | 7.7 yrs | — |
| Philippa Mary Greenwood | Independent Director | Yes | 2025 | 1.3 yrs | — |
| Michael Ullmer | Independent Director | Yes | 2023 | 3.6 yrs | — |
WBC governance score breakdown
Westpac Banking Corporation scores 68/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 23/25
- Shareholder rights
- 9/20
- Executive remuneration
- 5/10
WBC dividends
The most recent Westpac Banking Corporation dividend on record is 136.55 cents per share, for FY2026 (capital_note), ex-dividend 11 Dec 2026, paid 22 Dec 2026.
Westpac Banking Corporation largest shareholders
Top 10 registered holders of WBC as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | HSBC Custody Nominees (Australia) Limited | 26.55% |
| 2 | J P Morgan Nominees Australia Pty Limited | 16.13% |
| 3 | Citicorp Nominees Pty Limited | 6.98% |
| 4 | BNP Paribas Nominees Pty Ltd <Agency Lending A/C> | 2.02% |
| 5 | BNP Paribas NOMS Pty Ltd | 1.15% |
| 6 | National Nominees Limited | 0.88% |
| 7 | HSBC Custody Nominees (Australia) Limited <NT-Comnwlth Super Corp A/C> | 0.71% |
| 8 | Pacific Custodians Pty Limited <WBC Plans Ctrl A/C> | 0.54% |
| 9 | Netwealth Investments Limited <Wrap Services A/C> | 0.52% |
| 10 | BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> | 0.49% |
Recent WBC NZX announcements
The 10 most recent filings by Westpac Banking Corporation to the NZX.
- WBC - NZ Banking Group Disclosure Statement - 30 Sep 2026General
- Notification regarding unquoted securities - WBCCapital Change
- Appendix 3Y - CEOInsider/Shareholder Notice
- Information Memorandum for Issuance of Debt InstrumentsGeneral
- Westpac 2026 AGM email to shareholdersAGM
- Westpac 2026 Full Year Result Media ReleaseFull Year Results
- WBC – Trading to resume at market openOther
- WBC – Trading Halt of SecuritiesOther
- Westpac 2026 Full Year Financial Results AnnouncementFull Year Results
- Dividend/Distribution - WBCDividend
Westpac Banking Corporation (WBC) — frequently asked questions
What does Westpac Banking Corporation do?
Westpac Banking Corporation is one of Australia's four major banks, providing retail, business, and institutional banking services across Australia and New Zealand. Westpac Banking Corporation is listed on the NZX under the ticker WBC, in the Financials sector.
What is the Westpac Banking Corporation (WBC) share price?
Westpac Banking Corporation (NZX:WBC) shares closed at $45.70 on 11 November 2026, down 0.91% on the previous close. At that price its market capitalisation was about $156.31 billion, based on 3,420,303,305 shares on issue as at 14 October 2026.
Who are the directors of Westpac Banking Corporation?
Westpac Banking Corporation has 11 current directors: Steven Gregg (Chair), Anthony Miller (Executive Director), David Cohen (Independent Director), Debra Hazelton (Independent Director), Peter Nash (Independent Director), Tim Burroughs (Independent Director), Nerida Caesar (Independent Director), Andy Maguire (Independent Director), Margaret Seale (Independent Director), Philippa Mary Greenwood (Independent Director) and Michael Ullmer (Independent Director). 9 of the 11 are recorded as independent (82%). Average board tenure is 4.1 years.
Who is the chair of Westpac Banking Corporation?
Steven Gregg chairs the Westpac Banking Corporation board, and has been a director since 2023.
What was Westpac Banking Corporation's most recent dividend?
The most recent Westpac Banking Corporation dividend on record is 136.55 cents per share for FY2026 (capital_note), ex-dividend 11 December 2026, paid 22 December 2026.
Who are the largest shareholders of Westpac Banking Corporation?
The largest registered holder of WBC shares in the FY2025 top-20 register was HSBC Custody Nominees (Australia) Limited, with 26.55%, followed by J P Morgan Nominees Australia Pty Limited (16.13%) and Citicorp Nominees Pty Limited (6.98%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Westpac Banking Corporation's governance score?
Westpac Banking Corporation has an NZXplorer Governance Risk Score of 68/100 (Good) for FY2026, based on 73% data coverage.
When is the Westpac Banking Corporation annual meeting?
Westpac Banking Corporation's next annual meeting is scheduled for 16 December 2026.
Financials companies on the NZX
Compare Westpac Banking Corporation with other NZX-listed financials companies.
- ANZ Group Holdings Limited (ANZ)
- Australian Foundation Investment Company Limited (AFI)
- The Bankers Investment Trust PLC (BIT)
- F&C INVESTMENT TRUST PLC (FCT)
- Templeton Emerging Markets Investment Trust PLC (TEM)
- Henderson Far East Income Limited (HFL)
- Heartland Group Holdings Limited (HGH)
- Tower Limited (TWR)