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). See working capital position of Westpac Banking Corporation to evaluate short-term liquidity relative to the company's equity base.
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. Explore Westpac Banking Corporation (WBC) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Westpac Banking Corporation (1990–2025)
Year-by-year Free Cash Flow Generation Index for Westpac Banking Corporation. For the full company profile including market capitalisation, see Westpac Banking Corporation stock valuation.
| 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 | — |