Westpac Banking Corporation (WBC) — Cash Flow Quality Index
Westpac Banking Corporation (WBC) has a Cash Flow Quality Index of 3.27x as of March 2026. Operating cash flow of AU$11.15 Billion exceeds net income of AU$3.41 Billion, indicating high earnings quality where cash backs reported profits. Explore WBC long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Westpac Banking Corporation Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Westpac Banking Corporation across 41 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Westpac Banking Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Westpac Banking Corporation (1990–2025)
Year-by-year earnings quality comparison for Westpac Banking Corporation. For live market cap and the full company financial profile, see how much is Westpac Banking Corporation worth.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.02x | AU$13.93 Billion | AU$6.91 Billion | ▲ +1609.8% |
| 2024 | -0.13x | AU$-933.00 Million | AU$6.99 Billion | ▲ +97.3% |
| 2023 | -4.93x | AU$-35.49 Billion | AU$7.20 Billion | ▼ -55.2% |
| 2022 | -3.18x | AU$-18.10 Billion | AU$5.69 Billion | ▼ -204.1% |
| 2021 | 3.05x | AU$16.67 Billion | AU$5.46 Billion | ▼ -76.5% |
| 2020 | 12.99x | AU$29.74 Billion | AU$2.29 Billion | ▲ +1370.6% |
| 2019 | 0.88x | AU$5.99 Billion | AU$6.78 Billion | ▲ +271.9% |
| 2018 | -0.51x | AU$-4.16 Billion | AU$8.10 Billion | ▲ +30.3% |
| 2017 | -0.74x | AU$-4.50 Billion | AU$6.11 Billion | ▼ -122.4% |
| 2017 | 3.29x | AU$29.27 Billion | AU$8.90 Billion | ▲ +229.9% |
| 2017 | -2.53x | AU$-20.23 Billion | AU$7.99 Billion | ▼ -381.2% |
| 2016 | 0.90x | AU$5.38 Billion | AU$5.98 Billion | ▼ -64.9% |
| 2016 | 2.57x | AU$20.04 Billion | AU$7.80 Billion | ▲ +157.5% |
| 2016 | -4.47x | AU$-33.27 Billion | AU$7.45 Billion | ▼ -513.6% |
| 2015 | -0.73x | AU$-4.46 Billion | AU$6.13 Billion | ▼ -130.2% |
| 2015 | 2.41x | AU$18.46 Billion | AU$7.66 Billion | ▲ +312.8% |
| 2015 | -1.13x | AU$-9.07 Billion | AU$8.01 Billion | ▼ -461.3% |
| 2014 | 0.31x | AU$1.09 Billion | AU$3.47 Billion | ▲ +140.4% |
| 2014 | -0.77x | AU$-5.86 Billion | AU$7.56 Billion | ▼ -252.7% |
| 2013 | 0.51x | AU$3.42 Billion | AU$6.75 Billion | ▲ +127.8% |
| 2012 | -1.83x | AU$-10.84 Billion | AU$5.94 Billion | ▼ -7.3% |
| 2011 | -1.70x | AU$-12.01 Billion | AU$7.06 Billion | ▼ -2431.8% |
| 2010 | 0.07x | AU$468.00 Million | AU$6.41 Billion | ▼ -98.8% |
| 2009 | 5.90x | AU$20.76 Billion | AU$3.52 Billion | ▲ +316.4% |
| 2008 | -2.73x | AU$-10.73 Billion | AU$3.93 Billion | ▼ -652.7% |
| 2007 | -0.36x | AU$-1.27 Billion | AU$3.52 Billion | ▼ -8.3% |
| 2006 | -0.33x | AU$-1.03 Billion | AU$3.07 Billion | ▼ -120.7% |
| 2005 | 1.62x | AU$4.57 Billion | AU$2.82 Billion | ▼ -25.2% |
| 2004 | 2.16x | AU$5.49 Billion | AU$2.54 Billion | ▼ -22.5% |
| 2003 | 2.79x | AU$6.09 Billion | AU$2.18 Billion | ▲ +62.3% |
| 2002 | 1.72x | AU$3.77 Billion | AU$2.19 Billion | ▼ -10.4% |
| 2001 | 1.92x | AU$3.65 Billion | AU$1.90 Billion | ▲ +51.7% |
| 2000 | 1.27x | AU$2.17 Billion | AU$1.71 Billion | ▲ +267.7% |
| 1999 | 0.34x | AU$501.19 Million | AU$1.46 Billion | ▼ -78.0% |
| 1998 | 1.56x | AU$1.99 Billion | AU$1.27 Billion | ▲ +40535.6% |
| 1997 | 0.00x | AU$4.96 Million | AU$1.29 Billion | ▼ -99.6% |
| 1996 | 1.00x | AU$1.13 Billion | AU$1.13 Billion | ▼ -76.9% |
| 1994 | 4.33x | AU$3.05 Billion | AU$704.63 Million | ▼ -84.3% |
| 1993 | 27.57x | AU$1.08 Billion | AU$39.36 Million | ▲ +2656.5% |
| 1991 | 1.00x | AU$476.71 Million | AU$476.71 Million | ▼ -80.2% |
| 1990 | 5.05x | AU$3.46 Billion | AU$684.93 Million | — |