Westpac Banking Corporation (AU:WBC) — Market Cap & Net Worth

$96.69 Billion USD · AU$136.65 Billion AUD · Rank #217

Market Cap & Net Worth: Westpac Banking Corporation (WBC)

Westpac Banking Corporation (AU:WBC) has a market capitalization of $96.69 Billion (AU$136.65 Billion) as of April 17, 2026. Listed on the AU stock exchange, this Australia-based company holds position #217 globally and #2 in its home market, demonstrating a -4.60% decrease in market value over the past year.

Market capitalization, also known as net worth in stock markets, is calculated by multiplying Westpac Banking Corporation's stock price AU$40.02 by its total outstanding shares 3414563993 (3.41 Billion).

Westpac Banking Corporation Market Cap History: 2015 to 2026

Westpac Banking Corporation's market capitalization history from 2015 to 2026. Data shows growth from $49.55 Billion to $96.69 Billion (7.59% CAGR).

Index Memberships

Westpac Banking Corporation is a constituent of 9 market indices:

Index	Total Market Cap	Weight (%)	Rank by Market Cap
S&P/ASX 50 AFLI	$1.01 Trillion	9.58%	#2 of 50
Australia All Ordinaries AORD	$1.38 Trillion	7.03%	#1 of 495
S&P/ASX 20 ATLI	$682.09 Billion	14.18%	#1 of 20
S&P/ASX 100 ATOI	$1.24 Trillion	7.81%	#2 of 100
S&P/ASX All Australian 50 AXAF	$912.44 Billion	10.60%	#1 of 50
S&P/ASX All Australian 200 AXAT	$1.27 Trillion	7.61%	#1 of 200
S&P/ASX 200 AXJO	$1.24 Trillion	7.78%	#1 of 200
S&P/ASX 200 Accumulated AXJOA	$1.24 Trillion	7.78%	#1 of 200
S&P/ASX 300 AXKO	$1.46 Trillion	6.63%	#2 of 300

Weight: Westpac Banking Corporation's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.

Westpac Banking Corporation Market Cap to Earnings & Revenue Ratios Timeline

This chart shows how Westpac Banking Corporation's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.

Latest Price to Sales (P/S) Ratio

1.61x

Westpac Banking Corporation's market cap is 1.61 times its annual revenue

Industry average: 1.51x Higher than industry average

Latest Price to Earnings (P/E) Ratio

13.50x

Westpac Banking Corporation's market cap is 13.50 times its annual earnings

Industry average: 7.37x Higher than industry average

What These Ratios Tell Investors:

Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
Industry comparison provides context for whether the company is valued higher or lower than peers.

Year	Market Cap (USD)	Revenue (USD)	Net Income (USD)	P/S Ratio	P/E Ratio
2017	$52.17 Billion	$37.95 Billion	$6.11 Billion	1.37x	8.54x
2017	$52.17 Billion	$39.12 Billion	$8.90 Billion	1.33x	5.86x
2018	$44.52 Billion	$21.30 Billion	$8.09 Billion	2.09x	5.50x
2019	$45.98 Billion	$19.86 Billion	$6.78 Billion	2.32x	6.78x
2020	$37.38 Billion	$17.00 Billion	$2.29 Billion	2.20x	16.32x
2021	$43.27 Billion	$21.81 Billion	$5.46 Billion	1.98x	7.93x
2022	$49.87 Billion	$19.27 Billion	$5.69 Billion	2.59x	8.76x
2023	$52.28 Billion	$21.00 Billion	$7.20 Billion	2.49x	7.27x
2024	$78.09 Billion	$21.05 Billion	$6.98 Billion	3.71x	11.18x
2025	$93.26 Billion	$57.90 Billion	$6.91 Billion	1.61x	13.50x

Competitor Companies of WBC by Market Capitalization

Companies near Westpac Banking Corporation in the global market cap rankings as of April 17, 2026.

Key companies related to Westpac Banking Corporation by market ranking:

JPMorgan Chase & Co (NYSE:JPM): Ranked #15 globally with a market cap of $835.69 Billion USD.
Bank of America Corp (NYSE:BAC): Ranked #36 globally with a market cap of $349.79 Billion USD.
Agricultural Bank of China Ltd Class A (SHG:601288): Ranked #41 globally with a market cap of $327.01 Billion USD ( CN¥2.23 Trillion CNY).
Industrial and Commercial Bank of China Ltd (SHG:601398): Ranked #50 globally with a market cap of $294.32 Billion USD ( CN¥2.01 Trillion CNY).

Market capitalization comparison (in billions USD)

Rank	Company	Symbol	Market Cap	Price
#15	JPMorgan Chase & Co	NYSE:JPM	$835.69 Billion	$309.95
#36	Bank of America Corp	NYSE:BAC	$349.79 Billion	$53.51
#41	Agricultural Bank of China Ltd Class A	SHG:601288	$327.01 Billion	CN¥7.00
#50	Industrial and Commercial Bank of China Ltd	SHG:601398	$294.32 Billion	CN¥7.46

Westpac Banking Corporation Historical Marketcap From 2015 to 2026

Between 2015 and today, Westpac Banking Corporation's market cap moved from $49.55 Billion to $ 96.69 Billion, with a yearly change of 7.59%.

Year	Market Cap	Change (%)
2026	AU$96.69 Billion	+3.68%
2025	AU$93.26 Billion	+19.43%
2024	AU$78.09 Billion	+49.36%
2023	AU$52.28 Billion	+4.83%
2022	AU$49.87 Billion	+15.26%
2021	AU$43.27 Billion	+15.75%
2020	AU$37.38 Billion	-18.71%
2019	AU$45.98 Billion	+3.28%
2018	AU$44.52 Billion	-14.67%
2017	AU$52.17 Billion	+1.95%
2016	AU$51.17 Billion	+3.28%
2015	AU$49.55 Billion	--

End of Day Market Cap According to Different Sources

On Apr 17th, 2026 the market cap of Westpac Banking Corporation was reported to be:

Source	Market Cap
Yahoo Finance	$96.69 Billion USD
MoneyControl	$96.69 Billion USD
MarketWatch	$96.69 Billion USD
marketcap.company	$96.69 Billion USD
Reuters	$96.69 Billion USD

Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.

About Westpac Banking Corporation

AU:WBC Australia Banks - Diversified

Market Cap

$96.69 Billion

AU$136.65 Billion AUD

Market Cap Rank

#217 Global

#2 in Australia

Share Price

AU$40.02

Change (1 day)

-1.65%

52-Week Range

AU$30.50 - AU$42.95

All Time High

AU$42.95