Westpac Banking Corporation Market Cap ($88.97 Billion)
Market Cap & Net Worth: Westpac Banking Corporation (WBC)
Westpac Banking Corporation market cap. Westpac Banking Corporation (AU:WBC) has a market capitalization of $88.97 Billion (AU$125.74 Billion) as of November 2, 2026. Listed on the AU stock exchange, this Australia-based company holds position #302 globally and #6 in its home market, demonstrating a 3.20% increase 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$36.82 by its total outstanding shares 3414907347 (3.41 Billion). Also see Westpac Banking Corporation (WBC) cash flow conversion for how efficiently the company converts equity into cash flow.
Westpac Banking Corporation Market Cap History (2015–2026)
Westpac Banking Corporation market cap history from 2015 to 2026. Data shows growth from $49.55 Billion to $88.97 Billion (6.40% CAGR). Check WBC share price today for real-time trading data and today's change.
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
|
$1.65 Trillion | 5.40% | #5 of 50 |
|
Australia All Ordinaries
AORD
|
$2.01 Trillion | 4.43% | #4 of 495 |
|
S&P/ASX 20
ATLI
|
$1.24 Trillion | 7.18% | #4 of 20 |
|
S&P/ASX 100
ATOI
|
$1.88 Trillion | 4.74% | #5 of 100 |
|
S&P/ASX All Australian 50
AXAF
|
$1.53 Trillion | 5.81% | #4 of 50 |
|
S&P/ASX All Australian 200
AXAT
|
$1.92 Trillion | 4.64% | #4 of 200 |
|
S&P/ASX 200
AXJO
|
$1.89 Trillion | 4.71% | #4 of 200 |
|
S&P/ASX 200 Accumulated
AXJOA
|
$1.89 Trillion | 4.71% | #4 of 200 |
|
S&P/ASX 300
AXKO
|
$2.16 Trillion | 4.12% | #5 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. Explore net asset growth rate of Westpac Banking Corporation to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
1.69x
Westpac Banking Corporation's market cap is 1.69 times its annual revenue
Latest Price to Earnings (P/E) Ratio
13.50x
Westpac Banking Corporation's market cap is 13.50 times its annual earnings
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 | $52.18 Billion | $37.95 Billion | $6.11 Billion | 1.38x | 8.54x |
| 2017 | $52.18 Billion | $39.12 Billion | $8.90 Billion | 1.33x | 5.86x |
| 2018 | $44.53 Billion | $21.30 Billion | $8.09 Billion | 2.09x | 5.50x |
| 2019 | $45.99 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 | $49.88 Billion | $19.27 Billion | $5.69 Billion | 2.59x | 8.76x |
| 2023 | $52.29 Billion | $43.75 Billion | $7.20 Billion | 1.20x | 7.27x |
| 2024 | $78.09 Billion | $54.35 Billion | $6.98 Billion | 1.44x | 11.18x |
| 2025 | $93.27 Billion | $55.04 Billion | $6.91 Billion | 1.69x | 13.50x |
Competitor Companies of WBC by Market Capitalization
Companies near Westpac Banking Corporation in the global market cap rankings as of November 2, 2026. Also see WBC asset base for a full breakdown of the balance sheet.
Key companies related to Westpac Banking Corporation by market ranking:
- JPMorgan Chase & Co (NYSE:JPM): Ranked #18 globally with a market cap of $895.92 Billion USD.
- Bank of America Corp (NYSE:BAC): Ranked #44 globally with a market cap of $354.90 Billion USD.
- Agricultural Bank of China Ltd Class A (SHG:601288): Ranked #45 globally with a market cap of $349.43 Billion USD ( CN¥2.39 Trillion CNY).
- Industrial and Commercial Bank of China Ltd (SHG:601398): Ranked #47 globally with a market cap of $345.21 Billion USD ( CN¥2.36 Trillion CNY).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #18 | JPMorgan Chase & Co | NYSE:JPM | $895.92 Billion | $337.04 |
| #44 | Bank of America Corp | NYSE:BAC | $354.90 Billion | $50.01 |
| #45 | Agricultural Bank of China Ltd Class A | SHG:601288 | $349.43 Billion | CN¥7.48 |
| #47 | Industrial and Commercial Bank of China Ltd | SHG:601398 | $345.21 Billion | CN¥8.75 |
Market Capitalization of Westpac Banking Corporation (2015–2026)
Market capitalization of Westpac Banking Corporation from 2015 to today. Between 2015 and today, Westpac Banking Corporation's market cap moved from $49.55 Billion to $ 88.97 Billion, with a yearly change of 6.40%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | AU$88.97 Billion | -4.61% |
| 2025 | AU$93.27 Billion | +19.43% |
| 2024 | AU$78.09 Billion | +49.36% |
| 2023 | AU$52.29 Billion | +4.83% |
| 2022 | AU$49.88 Billion | +15.26% |
| 2021 | AU$43.27 Billion | +15.75% |
| 2020 | AU$37.38 Billion | -18.71% |
| 2019 | AU$45.99 Billion | +3.28% |
| 2018 | AU$44.53 Billion | -14.67% |
| 2017 | AU$52.18 Billion | +1.95% |
| 2016 | AU$51.18 Billion | +3.28% |
| 2015 | AU$49.55 Billion | -- |
End of Day Market Cap According to Different Sources
On Nov 2nd, 2026 the market cap of Westpac Banking Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $88.97 Billion USD |
| MoneyControl | $88.97 Billion USD |
| MarketWatch | $88.97 Billion USD |
| marketcap.company | $88.97 Billion USD |
| Reuters | $88.97 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
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. It operates through the Consumer, Business & Wealth, Institutional, and New Zealand segments. The company offers bank accounts, home and personal loans, credit cards, international and travel banking services, insurance, superannuation, investme… Read more