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Highlights

  • Macquarie reports FY25 net profit of $3.72 billion, up 5% and ahead of analyst expectations.

  • Shares jump 3.2% in early trade following a steady dividend and robust capital surplus of $9.5 billion.

  • Final dividend of $3.90 declared, bringing total FY25 payout to $6.50 per share.

Macquarie Group Ltd (ASX:MQG) is enjoying a positive day on the ASX, with its share price rising over 3% in morning trade following the release of its full-year FY25 financial results.

The diversified financial services giant’s shares surged to $202.08, up 3.2% from Thursday’s close of $195.89. In contrast, the broader S&P/ASX 200 Index (ASX: XJO) slipped 0.1% at the same time, highlighting the market’s enthusiastic response to Macquarie’s performance.

Macquarie posted a full-year net profit of $3.72 billion for the 12 months ending 31 March 2025, marking a 5% year-on-year increase. 

Net operating income for the period rose 2% to $17.21 billion, while operating expenses remained flat at $12.14 billion, suggesting efficient cost management. The company noted that 66% of its income was generated internationally.

Macquarie’s assets under management (AUM) stood at $941 billion as of 31 March, nearly flat year on year, but up 3% from 30 September. The modest increase was driven by higher asset valuations and fund investments.

Capital strength remained a highlight, with a group capital surplus of $9.5 billion and a Common Equity Tier 1 (CET1) ratio of 12.8%, both comfortably above regulatory minimums. Return on equity (ROE) improved to 11.2%, compared to 10.8% in the prior year.

Shareholders also have reason to be pleased with the dividend announcement. Macquarie declared a final dividend of $3.90 per share, 35% franked—unchanged from FY24’s final payout. This brings the total FY25 dividend to $6.50 per share, representing a 67% payout ratio.

Investors looking to secure the dividend must hold shares by market close on Friday, 16 May, with the stock trading ex-dividend on Monday, 19 May. Dividend payments are expected to be made on 2 July.

Macquarie also continued its capital management efforts, with an ongoing on-market share buyback of up to $2 billion, extended for another 12 months as of November. As of 8 May, over $1 billion worth of shares had been repurchased at an average price of $189.80.

Commenting on the result, CEO Shemara Wikramanayake praised the company's resilience:

“Against a backdrop of ongoing market and economic uncertainty, Macquarie's client franchises remained resilient... contributing to our history of unbroken profitability.”