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Westpac Banking Corporation
Westpac is a Public Company that generates the majority of its income from the National and Regional Commercial Banks industry. In 2025 the company generated total revenue of $58,430,000,000 including sales and other revenue. In 2025 Westpac had 35,236 employees including employees from all subsidiaries under the company's control. The Chief Executive of Westpac is Mr Anthony Miller whose official title is Managing Director & Chief Executive Officer. The Chairman of Westpac is Mr Steven Gregg whose official title is Independent Non-Executive Chairman. Westpac Group divides its operations into the following six primary operating divisions: Consumer Bank: The Consumer Bank provides sales and service of banking and financial services to Australian consumers under the following brands: Westpac, Bank of Melbourne, BankSA, RAMS, St George and BT brands. Business Bank: The Business Bank provides banking and financial services and products to micro entities, small to medium enterprises and commercial businesses up to approximately $200 million. It also provides services to customers of high net worth under its Private Wealth division and distributes superannuation, investments and retirement products. The Business Bank brands include Westpac, St.George, Bank of Melbourne, BankSA brands and BT brands. Westpac Institutional Bank (WIB): Westpac Institutional Bank services the financial needs of corporations, institutions, and government customers operating in Australia and New Zealand. The segment provides specialized service and advice in the areas of financial and debt capital markets, corporate and structured finance, and transaction banking. WIB customers are serviced through branches in Australia, New Zealand, the United Kingdom, Asia, the United States, Fiji, and Papua New Guinea. Westpac New Zealand: Westpac New Zealand offers a range of retail banking services, commercial banking, and insurance products to consumer, business and institutional customers. Westpac operates via an extensive network of branches and ATMs across the North and South Islands. Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers Westpac New Zealand Limited and Westpac Banking Corporation. Group Businesses: Comprising three internal operating divisions: Treasury; Group Technology; and Core Support.
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What's included in this industry analysis
IBISWorld's research coverage on the Westpac Banking Corporation includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
Westpac Banking Corporation, trading as Westpac, operates under the ABN 33 007 457 141 and was incorporated on 23 August 2002. Westpac Banking Corporation trades on the Australian Securities Exchange under the ticker code ASX:WBC. Westpac Banking Corporation primarily operates in the Finance industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within Westpac Banking Corporation, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents Westpac Banking Corporation’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which Westpac Banking Corporation operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of Westpac Banking Corporation’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Industries of Operation
What’s included in the Industries of Operation chapter?
The Industries of Operation chapter outlines Westpac Banking Corporation’s market share across the industries in which it operates. Each industry profile includes a comprehensive overview featuring data on total market size, the number of enterprises, industry concentration levels, and overall turnover. This analysis provides context for the company’s competitive position and scale within each relevant market.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of Westpac Banking Corporation, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by Westpac Banking Corporation. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of Westpac Banking Corporation’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is Westpac Banking Corporation?
Westpac Group divides its operations into the following six primary operating divisions: Consumer Bank: The Consumer Bank provides sales and service of banking and financial services to Australian consumers under the following brands: Westpac, Bank of Melbourne, BankSA, RAMS, St George and BT brands. Business Bank: The Business Bank provides banking and financial services and products to micro entities, small to medium enterprises and commercial businesses up to approximately $200 million. It also provides services to customers of high net worth under its Private Wealth division and distributes superannuation, investments and retirement products. The Business Bank brands include Westpac, St.George, Bank of Melbourne, BankSA brands and BT brands. Westpac Institutional Bank (WIB): Westpac Institutional Bank services the financial needs of corporations, institutions, and government customers operating in Australia and New Zealand. The segment provides specialized service and advice in the areas of financial and debt capital markets, corporate and structured finance, and transaction banking. WIB customers are serviced through branches in Australia, New Zealand, the United Kingdom, Asia, the United States, Fiji, and Papua New Guinea. Westpac New Zealand: Westpac New Zealand offers a range of retail banking services, commercial banking, and insurance products to consumer, business and institutional customers. Westpac operates via an extensive network of branches and ATMs across the North and South Islands. Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers Westpac New Zealand Limited and Westpac Banking Corporation. Group Businesses: Comprising three internal operating divisions: Treasury; Group Technology; and Core Support.
What industry does Westpac Banking Corporation operate in?
Westpac Banking Corporation, trading as Westpac, is a Public Company that generates the majority of its income from the Finance industry in Australia.
Where is Westpac Banking Corporation located?
Murray Cod Australia Limited company is based at 275 Kent Street, Sydney, New South Wales, Australia.
Who is the CEO of Westpac Banking Corporation?
The Managing Director & Chief Executive Officer of Westpac Banking Corporation is Steven Gregg and the Managing Director & Chief Executive Officer is Anthony Miller.
What was Westpac Banking Corporation’s revenue in 2025?
In 2025, Westpac Banking Corporation generated total revenue of approximately $58.4 billion.
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