Westpac Historical Income Statement
| WBCPI Stock | 100.32 0.00 0.00% |
Historical analysis of Westpac Banking income statement accounts such as Tax Provision of 2.4 B, Net Interest Income of 18.6 B, Interest Expense of 43 B or Income Before Tax of 7.6 B can show how well Westpac Banking performed in making a profits. Evaluating Westpac Banking income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Westpac Banking's future profits or losses.
Westpac Banking Net Income |
|
Westpac |
About Westpac Income Statement Analysis
Westpac Banking Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Westpac Banking shareholders. The income statement also shows Westpac investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Westpac Banking Income Statement Chart
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Westpac Banking income statement and is an important metric when analyzing Westpac Banking profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Westpac Banking financial statement analysis. It represents the amount of money remaining after all of Westpac Banking operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Westpac Banking's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Westpac Banking current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At present, Westpac Banking's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 5.1 B, whereas Tax Provision is forecasted to decline to about 2.4 B.
| 2022 | 2023 | 2024 | 2025 (projected) | Net Interest Income | 18.3B | 18.8B | 21.6B | 18.6B | Tax Provision | 3.1B | 3.1B | 2.8B | 2.4B |
Westpac Banking income statement Correlations
Click cells to compare fundamentals
Westpac Banking Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westpac Banking income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Tax Provision | 3.0B | 2.8B | 3.1B | 3.1B | 2.8B | 2.4B | |
| Net Interest Income | 16.9B | 17.2B | 18.3B | 18.8B | 21.6B | 18.6B | |
| Interest Expense | 5.4B | 6.1B | 25.4B | 35.6B | 40.9B | 43.0B | |
| Income Before Tax | 8.5B | 8.5B | 10.3B | 10.1B | 9.1B | 7.6B | |
| Net Income | 5.5B | 5.7B | 7.2B | 7.0B | 6.3B | 5.2B | |
| Interest Income | 22.3B | 23.3B | 43.8B | 54.3B | 62.5B | 36.8B | |
| Selling General Administrative | 6.3B | 6.1B | 6.2B | 6.1B | 5.5B | 5.1B | |
| Total Revenue | 21.0B | 20.4B | 21.4B | 21.6B | 19.4B | 16.9B | |
| Net Income From Continuing Ops | 5.5B | 5.7B | 7.2B | 7.0B | 6.3B | 5.1B | |
| Reconciled Depreciation | 3.1B | 1.6B | 1.2B | 1.5B | 1.8B | 1.8B |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Westpac Stock
Westpac Banking Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Westpac Banking shareholders. The income statement also shows Westpac investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).