2022 Half-Year Results

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

Financial highlights

1H22 net profit


107% on 1H21

1H22 operating expenses


19% on 1H21
1H22 net operating income


41% on 1H21

1H22 earnings per share


103% on 1H21

1H22 return on equity


87% in 1H21

1H22 effective tax rate


from 21.8% at 1H21
1H22 dividend per share (40% franked)


up from $A1.35 in 1H21

Assets under management as at 30 September 2021


up 31% from $A563.5b at 31 March 2021

1. Includes MAM and BFS AUM. 31 Mar 20 AUM has been restated to reflect an immaterial misstatement in total MAM AUM reported on 8 May 20.

1H22 Net Profit Contribution1 by activity

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

Annuity-style activities


57% on 1H21

Markets-facing activities


118% on 1H21


1H22 Net Profit Contribution by geography2









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

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.

Net profit contribution


23% on 1H21

Macquarie Asset Management (MAM)

A leading specialist global asset manager, offering a diverse range of products through two business divisions: Private Markets and Public Investments.

Net profit contribution


52% on 1H21

Banking and Financial Services (BFS)

BFS serves the Australian market, and is organised into the following three business divisions: Personal Banking, Wealth Management and Business Banking.

Net profit contribution


60% on 1H21

Commodities and Global Markets (CGM)

CGM provides clients with an integrated, end-to-end offering across global markets including equities, fixed income, foreign exchange, commodities and technology, media and telecoms.

Net profit contribution


significantly on 1H21

Macquarie Capital

Macquarie Capital has global capability in advisory and capital raising services, investing alongside partners and clients across the capital structure, providing clients with specialist expertise, advice and flexible capital solutions across a range of sectors.

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.

Corporate Operations Group (COG)

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

Financial Management Group (FMG)

Provides financial, tax, treasury, corporate affairs and advisory services to all areas of Macquarie.

Legal and Governance (LGL)

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.

Risk Management Group (RMG)

An independent and centralised function responsible for 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.