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 operating cash flow to assess how effectively this company generates cash.
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 total reinvestment intensity of Westpac Banking Corporation to assess the company's total reinvestment commitment from operating cash flow.
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 Westpac Banking Corporation stock valuation.
| 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 | — |