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One of Australia's big-four banks with a large institutional and Asia-Pacific trade-banking franchise alongside retail banking.
One of Australia's big-four banks with a large institutional and Asia-Pacific trade-banking franchise alongside retail banking.
Earns from the lending spread, home loans being the largest, plus fees and trading income from its institutional bank, which serves multinational clients across Asia-Pacific. It bought Suncorp Bank in 2024 to add Queensland home-loan customers, and shrank its Asian retail holdings in earlier years.
In one line: Australia's Citigroup (trade/institutional tilt).
Moat: narrow (scale, distribution, customer qualification). Strongest Asia-Pacific institutional/trade-banking network among Australia's big four.
Headquarters: Melbourne, Australia · Founded: 1835 · Employees: 42,698
Size ANZ (ANZ.AX) is an Australia Financials company (Major Banks) with a market value of $84.2B, the 5th largest of 316 Australia companies the cockpit tracks. Shares closed at A$40.34 on 6 Nov 2026.
Performance Over six months the shares gained 16.7%, against +6.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 5.3% over the last twelve months (peer median +0.3%); the operating margin is 41.1% (peer median 36.8%).
Valuation It trades at 1.71× book value against a peer median of 1.61× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 14.4%; ANZ delivers 8.3%, so the price asks more than the business earns today.
Credit ANZ has 19 bonds outstanding ($18.6B), rated AA- by the agencies and trading like A+ at a weighted spread of 37 bp.
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$65.5B | A$69.5B | A$66.1B | A$54.7B | A$29.0B |
| Revenue growth | — | +5% | +21% | +89% | — |
| Net income | A$5.90B | A$5.89B | A$6.54B | A$7.11B | A$7.12B |
| Free cash flow | n/a | A$25.2B | A$6.72B | A$14.3B | A$12.3B |
| Capital expenditure | A$522M | A$453M | A$640M | A$605M | A$651M |
| Total debt | n/a | A$332B | A$304B | A$243B | A$238B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| ANZ ANZ.AX | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% |
| Commonwealth Bank of Australia CBA.AX | $194B | +9% | +1% | 14% | 3.56× | 33.3% |
| Westpac Banking WBC.AX | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% |
| National Australia Bank NAB.AX | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% |
| Macquarie MQG.AX | $63.5B | +5% | +5% | 13% | 2.53× | 26.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANZ.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.0% | +1.5% | 3rd highest of 21 |
| 6-month return | +16.7% | +6.6% | 4th highest of 21 |
| Return on equity | 8.3% | 12.8% | 2nd lowest of 21 |
| Price / book | 1.71× | 1.61× | 10th most expensive of 21 |
| Trailing P/E | 20.6× | 12.0× | 2nd most expensive of 21 |
| ROE the price implies | 14.4% | 14.8% | 10th least demanding of 21 |
| ROE delivered | 8.3% | 12.8% | lowest of 20 |
| Bond spread | 37 bp | 77 bp | tightest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| Lloyds Banking LLOY.L | United Kingdom | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% | 14.3% |
| China CITIC Bank 0998.HK | Hong Kong | $73.0B | 0% | -1% | 9% | 0.45× | 4.5% | 8.6% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| Boc Hong Kong 2388.HK | Hong Kong | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% | 11.8% |
| Bank of Communications 601328.SS | China | $106B | +22% | -5% | 8% | 0.62× | 2.4% | n/a |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| National Bank of Canada NA.TO | Canada | $59.3B | +4% | +8% | 14% | 2.62× | 20.1% | 14.3% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
ANZ has 19 bonds outstanding with $18.6B face value. The agencies rate it AA-; its bonds trade like A+. Weighted yield 4.88%, a spread of 37 bp over government bonds.