Macquarie Group Reports Strong FY26 Profit Growth, Outpacing Market

Macquarie Group has reported a significant increase in its full-year financial results for the period ending 31 March 2026, with net profit after tax rising 30% to A$4.85 billion. This performance was underpinned by a record-breaking second half, where net profit reached A$3.19 billion, a 93% surge compared to the A$1.655 billion recorded in the first half of the year ending 30 September 2025. The results, released on 8 May 2026, highlight the organisation's resilience during a period of broader market volatility, as the ASX200 index fell by 2.21% on the day of the announcement.

The group's financial strength was supported by growth across all four of its primary operating divisions, which collectively navigated a complex global economic environment. Total net operating income for the year rose by 13% to A$19.477 billion, while operating expenses were contained to a 5% increase, totalling A$12.748 billion. This disciplined approach to cost management, combined with strong revenue generation, saw the return on equity improve to 14.0% for FY26, up from 11.2% in the previous financial year ending 31 March 2025.

Divisional Performance and Global Reach

The Commodities and Global Markets (CGM) division emerged as the primary driver of the group's success. The division's net profit contribution surged by 49% to reach A$4.221 billion, benefiting from significant market activity and volatility. This was complemented by strong performances in other sectors of the business, reflecting the diversified nature of the Macquarie Group model. The international scope of the organisation remained a critical factor, with international income accounting for 68% of the total income for the 2026 financial year.

The profit contributions from the four operating groups were as follows:

• Commodities and Global Markets (CGM) contributed A$4.221 billion, an increase of 49%.
• Macquarie Asset Management (MAM) contributed A$2.602 billion, an increase of 27%.
• Banking and Financial Services (BFS) contributed A$1.610 billion, an increase of 17%.
• Macquarie Capital (MacCap) contributed A$1.491 billion, an increase of 43%.

In the asset management sector, assets under management reached A$722.1 billion by 31 March 2026. This represents an 8% increase when excluding the impact of divestments. Meanwhile, the Banking and Financial Services division saw total deposits grow by 25% to reach A$221.5 billion, although the division faced some underlying challenges including margin pressure and rising technology-related costs.

Shareholder Returns and Capital Management

Following the record-breaking profit result, Macquarie Group has increased its returns to shareholders. Earnings per share for the full year rose by 30% to A$12.77. The organisation declared a final ordinary dividend of A$4.20 per share, which brings the total ordinary dividend for FY26 to A$7.00 per share. This total dividend is franked and is scheduled for payment on .