Westpac Banking Corporation (WBC) — Free Cash Flow Generation Index
Westpac Banking Corporation (WBC) has a Free Cash Flow Generation Index of 0.99x as of March 2026. Free cash flow of AU$11.04 Billion represents 1% of operating cash flow (AU$11.15 Billion). Explore WBC capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Westpac Banking Corporation Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for Westpac Banking Corporation across 27 annual periods. For the full cash flow conversion analysis, see how efficiently does Westpac Banking Corporation generate cash.
Annual Free Cash Flow Generation for Westpac Banking Corporation (1990–2025)
Year-by-year Free Cash Flow Generation Index for Westpac Banking Corporation. Check Westpac Banking Corporation (WBC) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.97x | AU$13.55 Billion | AU$13.93 Billion | AU$371.00 Million | ▼ -1.3% |
| 2021 | 0.99x | AU$16.44 Billion | AU$16.67 Billion | AU$234.00 Million | ▼ -0.6% |
| 2020 | 0.99x | AU$29.50 Billion | AU$29.74 Billion | AU$240.00 Million | ▲ +4.1% |
| 2019 | 0.95x | AU$5.71 Billion | AU$5.99 Billion | AU$280.00 Million | ▼ -8.0% |
| 2017 | 1.04x | AU$30.32 Billion | AU$29.27 Billion | AU$1.06 Billion | ▼ -16.2% |
| 2016 | 1.24x | AU$6.66 Billion | AU$5.38 Billion | AU$1.28 Billion | ▲ +18.2% |
| 2016 | 1.05x | AU$20.98 Billion | AU$20.04 Billion | AU$938.00 Million | ▼ -0.8% |
| 2015 | 1.06x | AU$19.48 Billion | AU$18.46 Billion | AU$1.02 Billion | ▼ -44.8% |
| 2014 | 1.91x | AU$2.08 Billion | AU$1.09 Billion | AU$992.00 Million | ▲ +110.0% |
| 2013 | 0.91x | AU$3.12 Billion | AU$3.42 Billion | AU$304.00 Million | ▲ +205.0% |
| 2010 | -0.87x | AU$-406.00 Million | AU$468.00 Million | AU$874.00 Million | ▼ -189.2% |
| 2009 | 0.97x | AU$20.18 Billion | AU$20.76 Billion | AU$580.00 Million | ▲ +5.0% |
| 2005 | 0.93x | AU$4.23 Billion | AU$4.57 Billion | AU$338.83 Million | ▼ -2.4% |
| 2004 | 0.95x | AU$5.21 Billion | AU$5.49 Billion | AU$284.48 Million | ▲ +0.1% |
| 2003 | 0.95x | AU$5.77 Billion | AU$6.09 Billion | AU$323.53 Million | ▲ +2.4% |
| 2002 | 0.92x | AU$3.48 Billion | AU$3.77 Billion | AU$283.64 Million | ▲ +0.7% |
| 2001 | 0.92x | AU$3.35 Billion | AU$3.65 Billion | AU$298.17 Million | ▲ +13.8% |
| 2000 | 0.81x | AU$1.75 Billion | AU$2.17 Billion | AU$418.12 Million | ▲ +190.7% |
| 1999 | 0.28x | AU$139.17 Million | AU$501.19 Million | AU$362.02 Million | ▼ -65.3% |
| 1998 | 0.80x | AU$1.59 Billion | AU$1.99 Billion | AU$398.31 Million | ▲ +101.3% |
| 1997 | -63.06x | AU$-312.80 Million | AU$4.96 Million | AU$317.76 Million | ▼ -6405.6% |
| 1996 | 1.00x | AU$1.13 Billion | AU$1.13 Billion | AU$0.00 | ▲ +4.7% |
| 1994 | 0.96x | AU$2.92 Billion | AU$3.05 Billion | AU$135.93 Million | ▲ +5.3% |
| 1993 | 0.91x | AU$984.75 Million | AU$1.08 Billion | AU$100.19 Million | ▼ -4.7% |
| 1992 | 0.95x | AU$2.27 Billion | AU$2.39 Billion | AU$113.52 Million | ▼ -4.8% |
| 1991 | 1.00x | AU$476.71 Million | AU$476.71 Million | AU$0.00 | ▲ +19.7% |
| 1990 | 0.84x | AU$2.89 Billion | AU$3.46 Billion | AU$568.47 Million | — |