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Westpac

Banking and financial services for customers

Overview

Westpac is an Australian bank offering a wide range of financial services for individuals and businesses, including everyday banking, loans, payments, and digital banking.

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About Westpac

Simplify's Rating
Why Westpac is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Sydney NSW, Australia

Founded

1817

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Simplify's take

What believers are saying

  • Business lending rose 12% in FY2026, with institutional lending up 18%.
  • Westpac opened three regional service centres and expanded community banking to 14 locations.
  • Westpac says 95% of staff use AI, accelerating productivity and customer servicing.

What critics are saying

  • Net interest margin fell to 1.87%, crushing earnings if mortgage competition persists.
  • Credit impairment charges more than doubled to A$864 million in FY2026.
  • A sustained housing downturn and rising impairments can erode capital and force retrenchment.

What makes Westpac unique

  • Westpac's 12.5% CET1 ratio and $40 billion wholesale funding strengthen resilience.
  • It grew deposits 6% and loans 5%, preserving franchise scale.
  • UNITE and AI adoption across 95% of employees deepen operating leverage.

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Funding

Total Funding

$2.1B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours
  • Paid Vacation
  • Paid Sick Leave
  • Professional Development Budget

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Campaign Brief
Nov 8th, 2026
Australia's leading brands back Inclusively Made Accreditation: Commercial benchmark set for accessible content.

Australia's leading brands back Inclusively Made Accreditation: Commercial benchmark set for accessible content. November 9 2026, 10:52 am BY Ricki Green No Comments Australia's leading brands and media networks; including Mastercard, Telstra, Woolworths, Nine, Australia Post, BIG W, Westpac, Thinkerbell, WPP and Atomic 212°, have thrown their collective weight behind the launch of Inclusively Made Accreditation, establishing the country's first whole-of-organisation operational standard for accessible content. The Accreditation independently recognises organisations that make disability-inclusive content standard practice across everything they produce. It sits separately from Inclusively Made's certification, which will still apply to standalone productions, and acts as a formal endorsement of an organisation's sustained best practice. Unveiled at an industry roundtable at the Sydney Opera House, the launch aims to end the practice of treating accessibility as an optional add-on or a niche CSR exercise reserved for specific campaigns. The framework sets an operational baseline across five core content streams (motion, static, audio, digital and copy), with media planning and strategy woven throughout. It gives marketing and business leaders a verified, repeatable process for embedding accessible production into everyday business without prohibitive budgets or production delays. Says Genevieve Clay-Smith, Co-Founder, Inclusively Made: "Eighteen years ago, we saw there was no standard for what inclusion actually meant across production, so we built one. Certification proved the mechanism works on individual projects, but inclusive content can no longer belong only to big campaigns. From a 15-second social video to an enterprise digital platform or a major television commercial, accessible production has run out of excuses. If an organisation is serious about inclusion, it has to be built into how they operate every single day. If you are serious about inclusive content, get accredited." Says Henry Smith, Co-Founder, Inclusively Made: "With the launch of the Inclusively Made Accreditation, there are no more excuses around making all content inclusive of people with disability. Inclusion can no longer be justified for a certain type of project. Every piece of content should be inclusive, whether motion, still, audio, digital or copy." While standalone certification remains available for individual creative productions, Accreditation reviews and validates how an entire organisation operates across Inclusively Made's 8 Pillars of Inclusion. Says Alex Sloane, Vice President of Marketing and Communications, Australasia, Mastercard: "Accessibility shouldn't be something we think about at the end of the creative process. It should be considered from the start. Inclusively Made gives us a practical framework to build that thinking into how we create content, helping us make our communications and the industry more accessible to more people." Says Margie Reid, CEO, Thinkerbell: "Removing operational friction is how you make inclusion stick across fast-moving agency campaigns. Accreditation gives creative and production teams a clear, repeatable standard so accessible work happens automatically rather than as an afterthought." Says Marine Turner, Sydney Head of Strategy, EssenceMediacom Australia: "This is what progress looks like: turning inclusion into a consistent standard for how we brief, make and deliver our campaigns. Really excited to see Inclusively Made Accreditation launch and help raise the baseline for our industry." Says the MFA DE&I Advisory Council: "The MFA DE&I Advisory Council has been proud to contribute a media agency industry perspective to the development of Inclusively Made's new accreditation. Our focus has been on helping ensure inclusion is embedded not only in how content is created, but also in the audience, channel and planning decisions that determine who ultimately experiences it. This accreditation is an important step towards making inclusive and accessible practice part of the everyday way our industry works." How Accreditation works: Accreditation is independently audited by teams of people with and without disability, and follows a five-stage pathway: 1. Assessment Call: Inclusively Made audits the company's content operations and existing output to establish its baseline benchmark score. 2. Roadmap to Accreditation: The organisation receives a tailored action plan with clear milestones to close operational gaps across all five content streams. 3. Inclusive Content Training: A structured masterclass built around the company's specific content outputs. 4. Accreditation Awarded: Once it meets its operational baseline score, the organisation is awarded Accreditation and a licence to display the Accredited Inclusively Made trust badge. 5. Annual Audit: The business completes an annual review against the 8 Pillars of Inclusion to verify continued progress, set new benchmarks and retain accredited status. Every organisation producing content can now be involved and initiate their assessment today at inclusivelymade.com. #More creative news #no paywalls #no annual membership fees. Subscribe to Portfolio & Reel for current listings of Australian and NZ ad agency and production company leadership and key personnel

Charlton Media Group
Nov 5th, 2026
Westpac net profit dip 1% to $4.77b in FY2026.

Westpac net profit dip 1% to $4.77b in FY2026. CET1 ratio is 12.5%, above its target, but 7bp lower than in 2025. Westpac's statutory net profit dipped 1% year-on-year (YoY) to $4.77b (A$6.8b) in the FY2026 period that ended in September, its financial results showed. The Australian bank's net profit excluding notable items is $4.91b (A$7b), flat compared to FY2025. Join Asian Banking & Finance community Common equity tier 1 (CET1) capital ratio is 12.5%, above the bank's target of 11.25%. However, it is 7 basis points (bp) lower compared to end-September 2025, which Westpac said was due to the sale of its RAMS loan portfolio as well as taking into account its 2026 net profit. Deposit to loan ratio was 85.5%, with higher deposit than lending growth driving the ratio to increase, the bank said. Deposits grew 6% in FY2026, whilst loans grew by 5% over the same period. Westpac said it raised $28.04b (A$40b) of new long term wholesale funding. The final dividend per share is A$0.77, up 1% YoY. Westpac CEO Andrew Miller said that they are hiring more bankers to support businesses and opening three new regional service centres. They are also rolling out community banking services in 14 locations, and Westpac expects to reach over 65,000 people in these communities, Miller said. Miller said that 95% of its employees are now using artificial intelligence (AI) in their work. "We're investing in the foundations required to scale AI responsibly, while continuing to focus on education and training for our people," Miller said in a statement on 2 November 2026. (US$1 = A$1.43; as of 5 November 2026)

Capital Brief
Nov 3rd, 2026
Westpac reports $6.8b full-year net profit.

Westpac reports $6.8b full-year net profit. Westpac to exit Palantir partnership. The bank will end its Palantir deal and review its sourcing safeguards as shareholder activists turn up pressure on the surveillance tech and big data company. Get Capital gains in your inbox. Inside banking, fintech and regulation. Sent Mondays. Westpac is ending its partnership with US security and spy tech firm Palantir amid shareholder and activist pressure, and has committed to an independent review of how it considers human rights abuses in its sourcing processes. Westpac, which uses Palantir software in its cybersecurity and financial markets compliance operations, confirmed the review in its 2026 Sustainability Report, released alongside the bank's results update yesterday. A Westpac spokesperson told Capital Brief Palantir did not have access to the bank's customer data. "We use a range of technology solutions and all providers are subject to rigorous security, risk, governance and sustainability requirements. Westpac maintains strict controls over data, including access management, encryption, security monitoring and ongoing oversight," said the Westpac spokesperson. "The systems we use are under constant review and we have already commenced a program of work to reassess some of our suppliers as part of a broader technology simplification. This work is being carefully managed to maintain security, resilience and operational effectiveness throughout any transition." The results included an update on the bank's broader work to simplify its vendor arrangements through Project UNITE.

Yahoo Finance
Nov 2nd, 2026
Westpac's FY2026 net income slips 1.4% to $4.4B as shares trade above $21.5 DCF value

Westpac reported full-year 2026 net income of A$6,813 million, down 1.4% from A$6,910 million a year earlier. Revenue fell 1.0% to A$21,738 million, and basic earnings per share slipped to A$1.993 from A$2.019. The bank's net interest margin narrowed to 1.89% from 1.94%. Higher credit impairment charges and a sharp housing downturn weighed on results. Shares trade at A$37.19, or 18.6 times earnings. A discounted cash flow estimate puts fair value at A$33. Westpac is cutting costs through its UNITE program, targeting more than A$550 million in structural savings in FY26. More than 250 roles have been removed since October. Total investment is expected to reach about A$2b, which raises the risk that costs outpace savings.

Yahoo Finance
Nov 2nd, 2026
Westpac annual profit dips 1% to $4.4B as credit charges more than double

Westpac Banking Corp reported a 1% fall in annual statutory net profit to A$6.81 billion ($4.8 billion) for the year ended September 30, as higher credit impairment charges offset growth and cost savings. Net profit excluding notable items was broadly unchanged at A$6.99 billion. Pre-provision profit rose 4% to A$10.93 billion, while net interest income increased 1% to A$19.69 billion despite a seven-basis-point fall in net interest margin to 1.87%. Credit impairment charges more than doubled to A$864 million. The bank declared a final dividend of 77 Australian cents per share, bringing the full-year payout to 154 cents, up 1%. Chief executive officer Anthony Miller said credit demand remained strong, but inflation stayed above the Reserve Bank of Australia's target and interest rates were likely to stay high into 2027.

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