Macquarie Group Reports $A2,478 Million Half-Year Net Profit, Declares $A3.25 Interim Dividend

Shwetambri Chauhan

06 November 2026 11:23 AM AEDT

Macquarie Group Reports $A2,478 Million Half-Year Net Profit, Declares $A3.25 Interim Dividend

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Macquarie Group (ASX:MQG) has reported a net profit after tax attributable to ordinary shareholders of $A2,478 million for the half year ended 30 September 2026 (1H27), up 50 per cent on the prior corresponding period, with the board declaring an interim ordinary dividend of $A3.25 per share, 35 per cent franked.

Key Points

1H27 net profit of $A2,478 million, up 50% on 1H26 and down 22% on 2H26
Earnings per share of $A6.52, up 49% on 1H26
Interim ordinary dividend of $A3.25 per share (35% franked), representing a payout ratio of 50%; record date 12 November 2026, payment date 17 December 2026
Bank Group APRA Basel III Level 2 CET1 ratio of 12.9% at 30 September 2026, up from 12.8% at 31 March 2026
Total deposits increased to $A244.2 billion at 30 September 2026, up 10% from $A221.5 billion at 31 March 2026

Operating Group Performance for Half Year Ended 30 September 2026

Commodities and Global Markets (CGM) delivered the strongest operating group result, with a net profit contribution of $A2,034 million, up 83 per cent from $A1,113 million in 1H26, driven by higher net interest and trading income across all major business lines. Macquarie Asset Management (MAM) contributed $A1,509 million, up 28 per cent from $A1,175 million in 1H26, primarily driven by the gain on sale of Macquarie AirFinance. Banking and Financial Services (BFS) delivered $A841 million, up six per cent from $A793 million in 1H26, reflecting loan portfolio and deposit growth. Macquarie Capital contributed $A278 million, down 61 per cent from $A711 million in 1H26, reflecting lower investment-related income and lower mergers and acquisitions fees.

Capital, Funding and Liquidity Position at 30 September 2026

The Bank Group APRA Basel III Level 2 CET1 capital ratio was 12.9 per cent (Harmonised: 17.7 per cent) at 30 September 2026, compared with 12.8 per cent (Harmonised: 17.5 per cent) at 31 March 2026. The Bank Group APRA Leverage Ratio was 4.4 per cent (Harmonised: 4.9 per cent), the Liquidity Coverage Ratio was 187 per cent and the Net Stable Funding Ratio was 116 per cent. The company raised a further $A16.3 billion of new term funding during the first half, covering a range of tenors, currencies and product types. Net operating income of $A9,568 million was up 10 per cent on 1H26, while operating expenses of $A6,317 million were up one per cent on 1H26.

Interim Dividend Timetable and Reinvestment Plan Details

The Macquarie Group board declared a 1H27 interim ordinary dividend of $A3.25 per share, 35 per cent franked, representing a payout ratio of 50 per cent. The dividend compares with the 1H26 interim ordinary dividend of $A2.80 per share and the 2H26 final ordinary dividend of $A4.20 per share, both 35 per cent franked. The record date is 12 November 2026 and the payment date is 17 December 2026. Shares issued to satisfy the Dividend Reinvestment Plan for the 1H27 interim dividend will be priced at a 1.5 per cent discount to the prevailing market price, calculated over the eight business days from 18 November 2026 to 27 November 2026. Macquarie's dividend policy is an annual payout ratio of 50 to 70 per cent.

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