2026 Full-Year Results

Annual Report

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Macquarie Group1 is a global financial services group with offices in 30 markets. Founded in 1969, Macquarie now employs 19,1242 people globally and a further ~265,000 people employed across managed fund assets and investments.3

CEO overview

Shemara Wikramanayake, Macquarie Group Managing Director and CEO, discusses the Group’s 2026 full-year result.

 

Financial highlights

FY2026 net profit

$A 4847 m

30% on prior year

FY2026 operating expenses

$A 12748 m

5% on prior year
FY2026 net operating income

$A 19477 m

13% on prior year

FY2026 earnings per share

$A 12.77

30% on prior year
FY2026 return on equity

14 %

from 11.2% on the prior year
Assets under management4

$A 722.1 b

8% on 31 March 2025
FY2026 dividends per share

$A 7.00

(35% franked)
Dividend payout ratio5

55 %

Dividend policy remains 50-70% annual payout ratio

FY2026 Diversity of income7

Annuity-style

Markets-facing


FY2026 Net operating income by geography

globe-americas-mint
Americas

31 %

globe-emea-mint
EMEA

28 %

globe-asia-mint
Asia

9 %

globe-anz-mint
ANZ

32 %

In an operating environment presenting no shortage of challenges, earnings increased in each of Macquarie’s major business areas.”

Glenn Stevens
Independent Director and Chair

Each of our businesses used its specialist expertise in navigating the current environment, identifying opportunities that support long-term growth and delivering positive outcomes for our clients and communities.”

Shemara Wikramanayake
Managing Director and Chief Executive Officer

Our businesses

Macquarie is a diversified financial services group providing clients with asset management, retail and business banking and wealth management, as well as advisory, risk and capital solutions across debt, equity, financial markets and commodities.

Macquarie Asset Management (MAM)

A leading specialist global asset manager, investing to deliver positive impact for our clients, portfolio companies and communities. Provides a diverse range of investment solutions to clients including real assets, real estate, credit, equities & multi-asset, insurance solutions and secondaries.

Net profit contribution6

$A 2602 m

27% 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

$A 1610 m

17% 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

$A 4221 m

49% on prior year

Macquarie Capital

Macquarie Capital has global capability in advisory and capital raising services, providing clients with specialist expertise and flexible capital solutions across a range of sectors. It also has global capability in specialist investing across private credit, private equity, real estate, growth equity, venture capital, and in infrastructure and energy projects and companies. Its equities brokerage business provides clients with access to equity research, sales, execution capabilities and corporate access with a focus on Asia-Pacific.

Net profit contribution

$A 1491 m

43% on 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, legal and risk management requirements.

Macquarie Group Foundation

The Macquarie Group Foundation drives social impact work for Macquarie, supporting its people, businesses, and communities to build a better future.

$A 62 m

contributed in FY20268

3000 +

organisations supported in FY20269

$A 760 m

contributed since inception10

  1. Macquarie Group Limited (MGL) and its subsidiaries, the Consolidated Entity.
  2. Includes staff employed in certain operationally segregated subsidiaries throughout the presentation.
  3. Includes people employed through Private Markets-managed fund assets in Real Assets and investments where Macquarie Capital holds significant influence, including operationally segregated subsidiaries. 
  4. Excluding the AUM transferred following the sale of the North American and European public investments business. 
  5. Payout ratio calculated as estimated number of eligible shares multiplied by dividend per share, divided by profit attributable to MGL shareholders.
  6. Reference to Macquarie’s established, diverse income streams is based on FY2026 net operating income.
  7. Where referenced in this document, net profit contribution is management accounting profit before unallocated corporate items, profit share and income tax.
  8. Contribution figures for the 12 months to 31 March 2026 include:
        (i) Macquarie employee donations and fundraising, together with related Foundation matching;
        (ii) Foundation donations recognising employee volunteering, milestone service anniversaries, and 12 months of board service by Macquarie employees; and
        (iii) Macquarie and Foundation grants and social impact investments to community organisations. 
  9. For the 12 months to 31 March 2026.
  10. Contribution figures from inception in 1985 to 31 March 2026 include:
        (i) Macquarie employee donations and fundraising, together with related Foundation matching;
        (ii) Foundation donations recognising employee volunteering, milestone service anniversaries, and 12 months of board service by Macquarie employees; and
        (iii) Macquarie and Foundation grants and social impact investments to community organisations.