Westpac Banking Corporation
Market Cap
$79.2B
Global Rank
#203
All-Time High
$121.9B
2026-12-31
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 45% of the 367 companies we track (globally).
- Equivalent to 4.4% of Australia's GDP (2025 data).
- Just above: #202 SLB N.V. ($79.7B)
- Just below: #204 Mondelez International, Inc. ($78.9B)
- Best year: 2009 (+57%). Worst year: 2008 (-35%).
Westpac Banking Corporation Financial Breakdown (FY 2024)
Source: Yahoo Finance โ WBC.AX annual filings (2024) (converted from AUD at 1.51) โ$14.3B revenue ยท $0.0B operating income ยท $4.6B net income
- โNet income margin: 32.4% โ $4.6B in profit.
- โFree cash flow: $-13.8B (-96.3% of revenue).
Cost / Operating Expenses
Total operating expenses $14.3B
Total
$4.0B
Capital Expenditures
$0.7B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$-13.8B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
About Westpac Banking Corporation
Westpac Banking Corporation is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney.
Westpac Banking Corporation Market Cap History (2026โ2026)
Westpac Banking Corporation vs Sector Peers by Market Cap
Compare Westpac Banking Corporation
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $79.2B | #203(โ31) | -5.7% |
| 2025 | $84.0B | #172(โ20) | +24.7% |
| 2024 | $67.3B | #192(โ42) | +49.4% |
| 2023 | $45.1B | #234(โ30) | +4.8% |
| 2022 | $43.0B | #204(โ56) | +15.3% |
| 2021 | $37.3B | #260(โ14) | +15.8% |
| 2020 | $32.2B | #246(โ66) | -18.7% |
| 2019 | $39.7B | #180(โ43) | +3.2% |
| 2018 | $38.4B | #137(โ8) | -14.7% |
| 2017 | $45.0B | #129(โ24) | +1.9% |
| 2016 | $44.2B | #105(โ14) | +3.2% |
| 2015 | $42.8B | #91(โ7) | +8.0% |
| 2014 | $39.6B | #98(โ7) | +8.0% |
| 2013 | $36.7B | #91(โ2) | +31.9% |
| 2012 | $27.8B | #89(โ18) | +39.6% |
| 2011 | $19.9B | #107(โ3) | -3.5% |
| 2010 | $20.7B | #110(โ27) | -6.9% |
| 2009 | $22.2B | #83(โ15) | +56.8% |
| 2008 | $14.1B | #98(โ1) | -35.4% |
| 2007 | $21.9B | #99(โ4) | +20.6% |
| 2006 | $18.2B | #103(โ11) | +11.9% |
| 2005 | $16.2B | #92(โ6) | +22.4% |
| 2004 | $13.2B | #98(โ6) | +27.9% |
| 2003 | $10.4B | #104(โ14) | +22.0% |
| 2002 | $8.5B | #90(โ15) | -8.6% |
| 2001 | $9.3B | #105(โ14) | +24.5% |
| 2000 | $7.5B | #119(โ14) | +33.8% |
| 1999 | $5.6B | #105(โ15) | +0.5% |
| 1998 | $5.5B | #90(โ6) | +16.2% |
| 1997 | $4.8B | #96(โ1) | +43.9% |
| 1996 | $3.3B | #97(โ4) | +26.7% |
| 1995 | $2.6B | #93(โ10) | +44.3% |
| 1994 | $1.8B | #83 |
Other Financial Services Companies
FAQ
What is Westpac Banking Corporation's market cap?
Westpac Banking Corporation (WBC.AX) has a market capitalization of $79.2B, making it the #203 largest company in the world by market cap.
What was Westpac Banking Corporation's highest market cap?
Westpac Banking Corporation's all-time high market cap was $121.9B, reached in 2026-12-31. Its highest rank was #172 in 2025.
What sector is Westpac Banking Corporation in?
Westpac Banking Corporation is in the Financial Services sector, specifically the Banks - Diversified industry. It is based in Australia.
How has Westpac Banking Corporation's market cap changed over time?
Westpac Banking Corporation has been tracked since 2026. Its market cap has grown by 0% from $79.2B in 2026 to $79.2B today.