Macquarie Group Posts $A2,478 Million Net Profit for 1H27, Up 50% on Prior Corresponding Period

Aakashdeep

06 November 2026 11:23 AM AEDT

Macquarie Group Posts $A2,478 Million Net Profit for 1H27, Up 50% on Prior Corresponding Period

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Macquarie Group (ASX:MQG) reported a net profit of $A2,478 million for the half year ended 30 September 2026 (1H27), up 50% on the half year ended 30 September 2025 (1H26) and down 22% on the half year ended 31 March 2026 (2H26), according to a shareholder communication released on 6 November 2026.

Key Points

Net profit of $A2,478 million for 1H27, up 50% on 1H26 and down 22% on 2H26
Commodities and Global Markets net profit contribution of $A2,034 million, up 83% from $A1,113 million in 1H26
Interim ordinary dividend of $A3.25 per share (35% franked), representing a 50% payout ratio, payable 17 December 2026
Bank Group APRA Basel III Level 2 Common Equity Tier 1 capital ratio of 12.9% (Harmonised: 17.7%)
Dividend Reinvestment Plan shares to be issued at a 1.5% discount to prevailing market price

Divisional Net Profit Contributions for 1H27

Macquarie Asset Management delivered a net profit contribution of $A1,509 million, up 28% from $A1,175 million in 1H26, primarily driven by the gain on sale of Macquarie AirFinance, partially offset by lower performance fees due to the timing of asset realisations. Banking and Financial Services contributed $A841 million, up 6% from $A793 million in 1H26, reflecting loan portfolio and deposit growth, partially offset by lower margins, higher modelled credit provisions, and higher expenses. Macquarie Capital contributed $A278 million, down 61% from $A711 million in 1H26, reflecting lower investment-related income and lower mergers and acquisitions fees, partially offset by higher brokerage income.

Commodities and Global Markets Result

Commodities and Global Markets recorded a net profit contribution of $A2,034 million for 1H27, up 83% from $A1,113 million in 1H26. According to the filing, the result was driven by higher net interest and trading income across all major business lines, due to increased client activity and trading opportunities across specific commodities and financial markets, as well as asset sales in Asset Finance. The division was the largest contributor to group net profit among the four reported business segments for the half year period ended 30 September 2026.

Interim Dividend and Leadership Transition

The Macquarie Group Board resolved to pay an interim ordinary dividend of $A3.25 per share, 35% franked, representing a payout ratio of 50%, to be paid on 17 December 2026. The Board also resolved to issue shares to satisfy the 1H27 Dividend Reinvestment Plan at a 1.5% discount to the prevailing market price. The filing notes that Managing Director and Chief Executive Officer Shemara Wikramanayake delivered her last result before retirement, with Managing Director and Chief Executive Officer Designate Greg Ward named as her successor.

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