2022 Full-Year Results

Annual Report

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Macquarie (MGL and its subsidiaries, the Consolidated Entity) is a global financial group with offices in 33 markets.

Founded in 1969, Macquarie now employs over 18,0001 people globally, has total assets of $A399.2 billion and total equity of $A28.8 billion as at 31 March 2022.


1. This figure includes staff employed in certain operationally segregated subsidiaries (OSS). Unless otherwise stated, further references to staff data and policies do not include those in OSS.

Financial highlights

FY2022 net profit


56% on prior year

FY2022 operating expenses


22% on prior year
FY2022 net operating income


36% on prior year

FY2022 earnings per share


51% on prior year
FY2022 return on equity


from 14.3% in prior year
FY2022 effective tax rate


from 23.0% in prior year
FY2022 dividends per share (40% franked)


32% on prior year
Assets under management as at 31 March 2022


from $A563.5b as at 31 March 2021

FY2022 Net Profit Contribution2 by activity

Annuity-style activities

Markets-facing activities

2. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax.

Annuity-style activities


25% on prior year

Markets-facing activities


92% on prior year

FY2022 Net Profit Contribution by geography3









3. International income is net operating income excluding earnings on capital and other corporate items.

A letter from the Chairman

Macquarie’s performance reflects strong results across the organisation as our operating businesses and support groups again delivered on their commitment to supporting our clients, partners and communities.”

Peter Warne
Independent Chairman

A letter from the Managing Director and CEO

Our longstanding strategy to address key areas of unmet need in the community is unchanged. Over time, this has seen us build deep and differentiated franchises in each of our areas of activity, all of which delivered strong performance in FY2022.”

Shemara Wikramanayake
Managing Director and Chief Executive Officer

Empowering people to innovate and invest for a better future

At Macquarie, we are committed to delivering sustainable long-term outcomes for our clients, shareholders, communities and each other. This means managing our assets, deploying our capital and resources, and applying our deep expertise to develop solutions that have a direct, positive impact and contribute to a better future.

Operating and Financial Review

Our businesses

Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.

Macquarie Asset Management (MAM)

A leading specialist global asset manager, investing to deliver positive impact for everyone. Provides investment solutions to clients across a range of capabilities in Private Markets and Public Investments, including infrastructure, green investments, agriculture and natural assets, real estate, private credit, asset finance, equities, fixed income and multi-asset solutions.

Net profit contribution


4% on prior year

Banking and Financial Services (BFS)

A retail banking and financial services business serving the Australian market. Provides a diverse range of personal banking, wealth management, and business banking products and services to retail clients, advisers, brokers and business clients.

Net profit contribution


30% on prior year

Commodities and Global Markets (CGM)

A global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base, across commodities, financial markets and asset finance.

Net profit contribution


50% on prior year

Macquarie Capital

Global capability in advisory and capital raising services, investing alongside partners and clients across the capital structure, providing specialist expertise, advice and flexible capital solutions across a range of sectors. Develops and invests in infrastructure and energy projects, and provides clients with access to equity research, sales, execution capabilities and corporate access.

Net profit contribution


significantly from $A651m in prior year

Central service groups

The Central Service Groups provide a range of functions supporting Macquarie’s Operating Groups, ensuring they have the appropriate workplace support and systems to operate effectively and the necessary resources to meet their regulatory, compliance, financial reporting, legal and risk management requirements.

Risk Management Group (RMG)

An independent and centralised function responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. RMG designs and oversees the implementation of the risk management framework. The Head of Internal Audit reports functionally to the Board Audit Committee and operationally to the Head of RMG for day-to-day management.

Legal and Governance Group (LGG)

Provides a full range of legal and corporate governance services, including strategic legal and governance advice and risk assessment on corporate transactions, treasury and funding, insurance, regulatory enquiries and litigation.

Financial Management Group (FMG)

Responsible for capital, funding, liquidity, tax and provides strategic analysis and advice in relation to financial performance to support the growth of the Macquarie business. It ensures Macquarie continues to meet its financial, regulatory and tax reporting compliance obligations, as well as maintain significant relationships with a range of external stakeholders on behalf of the Group.

Corporate Operations Group (COG)

Provides specialist support services through technology, operations, human resources, workplace, strategy, operational risk management, data and transformation, resilience and global security, and also includes the Macquarie Group Foundation.

Macquarie Group Foundation

The Macquarie Group Foundation (the Foundation) is the philanthropic arm of Macquarie. The Foundation encourages Macquarie employees to give back to the communities in which they live and work by contributing service, financial support and leadership to the community organisations they feel passionately about.


contributed since inception


non-profit community organisations supported in FY2022


contributed in FY2022

Corporate Governance

Macquarie’s key governance practices guide our decision‑making to meet stakeholder expectations of sound corporate governance, acknowledging Macquarie’s specific and broader responsibilities to its shareholders, funders, clients, staff and the communities in which it operates.

Diversity, Equity and Inclusion

At Macquarie, the diversity of our people is one of our greatest strengths. An inclusive workplace enables us to embrace diversity to deliver more innovative and sustainable solutions for our clients, shareholders, communities and our people.

Environmental, Social and Governance

Macquarie’s Board and Management recognise the importance of sound Environmental, Social and Governance (ESG) practices as part of their responsibility to our clients, shareholders, communities, people and the environment in which Macquarie operates. 

Risk Management

The role of the Board is to promote the long-term interests of Macquarie, taking into account Macquarie’s specific and broader responsibilities to its shareholders, funders, clients, staff and the communities in which it operates. The Board is committed to oversight of Macquarie’s performance, risk management, engagement with regulators and culture and to promoting the creation of enduring value by realising opportunities for the benefit of our clients, community, shareholders and our people. Macquarie’s robust risk management framework supports the Board in its role.

Additional information