Macquarie Group delivered a robust result for the financial year ended 31 March 2026, with profit after tax surging 30.1% year-on-year to $4,869 million. The earnings growth significantly outpaced revenue expansion of 13.2% to $19,477 million, signalling improved operational leverage and cost discipline across the diversified financial services group. Profit attributable to ordinary equity holders climbed 30.5% to $4,847 million, underpinning the strong underlying operational performance across Macquarie’s asset management, banking, and advisory divisions.
The gap between revenue and profit growth reflects Macquarie’s ability to scale its existing operations without proportionate increases in expenses, a quality that tends to reward shareholders through both sustainable earnings and capital management. The group’s net tangible assets per share increased 7.7% to $86.74, providing a concrete measure of the value creation delivered during the period. This asset base expansion, coupled with the sharp earnings gains, suggests the firm deployed capital effectively across its investment vehicles and client-serving operations.
The dividend outcome reflects the strong financial performance and management confidence in the earnings trajectory. The interim dividend of $2.80 per share, fully franked, combined with the fully franked final dividend of $4.20 per share, represents total distributions of $7.00 for the financial year. The fully franked status of both payments maximises value for Australian resident shareholders who can utilise the attached franking credits. Record date for the final dividend is 19 May 2026, with payment scheduled for 2 July 2026.
Macquarie’s diversified business model, spanning asset management, retail and business banking, wealth management, and advisory services, continues to demonstrate resilience across market cycles. The firm’s involvement in infrastructure asset classes, evidenced by its support for businesses like Aligned Data Centers in the United States, positions it well to capture secular growth trends in areas including artificial intelligence, cloud infrastructure, and specialist utilities. These exposures, combined with strength in traditional financial services, created the conditions for the 2026 earnings acceleration.
Looking ahead, investors should focus on the 2026 Annual General Meeting scheduled for 23 July 2026, where the board will present detailed operational updates and provide guidance on capital management priorities. The management discussion and analysis document accompanying this announcement will offer deeper colour on divisional performance and the revenue and cost drivers underpinning the results. This announcement is price sensitive and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About Macquarie Group Limited (ASX: MQG)
Macquarie Group is a global financial services company providing banking, advisory, and investment services across asset management, commodities, and capital markets. It is known for its infrastructure investment expertise.
If you would like to discuss this announcement or how it might affect your portfolio, request a callback or call us on 1300 889 603.
