Westpac Banking Corp

WBC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	?QC	LOCK\|&x	LOCK\|^#k$^!T

Westpac Earnings: Cost Discipline Cushions Margin Squeeze, Credit Quality Holds Up

Nathan Zaia

Nov 2, 2026

Westpac's fiscal 2026 cash profit of AUD 7 billion was flat on fiscal 2025. Loan growth of 5% and a 1% fall in operating expenses were offset by a 7-basis-point decline in net interest margins and loan impairment expenses doubling from cyclical lows.

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Westpac Banking Corp

Westpac Earnings: Cost Discipline Cushions Margin Squeeze, Credit Quality Holds Up

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