Macquarie Group FY26 Management Discussion and Analysis

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Stock Macquarie Group Ltd (MQG.ASX)
Release Time 8 May 2026, 8:23 a.m.
Price Sensitive Yes
 Macquarie Group FY26 Management Discussion and Analysis
Key Points
  • Macquarie Group reported a 30% increase in net profit to $A4,847m for the year ended 31 March 2026
  • Diverse income streams with ~48% annuity-style income, ~28% markets-facing income and ~24% capital and balance sheet-related income
  • Strong performance across all Operating Groups, with Macquarie Asset Management, Macquarie Capital and Commodities and Global Markets delivering significant profit growth
Full Summary

Macquarie Group Limited (MGL) has reported a net profit of $A4,847m for the year ended 31 March 2026, a 30% increase on the prior year. This result was driven by strong performance across all Operating Groups, with Macquarie Asset Management (MAM), Macquarie Capital and Commodities and Global Markets (CGM) delivering significant profit growth. MAM reported a 27% increase in net profit to $A2,602m, driven by increased performance fees and net investment income. Macquarie Capital's net profit increased 43% to $A1,491m, primarily due to higher net investment income and fee and commission income. CGM's net profit grew 49% to $A4,221m, reflecting increased net investment income, risk management income and inventory management and trading income. The Banking and Financial Services (BFS) division reported a 17% increase in net profit to $A1,610m, driven by growth in the loan and deposit portfolios. Macquarie's diverse income streams, with approximately 48% annuity-style income, 28% markets-facing income and 24% capital and balance sheet-related income, have contributed to the Group's 57-year record of unbroken profitability. The Group's robust financial position, with total assets of $A540.1 billion and total equity of $A36.9 billion as at 31 March 2026, and its strong risk management framework have underpinned this performance.

Guidance

Macquarie Group expects to deliver a further increase in net profit for the financial year ending 31 March 2027, driven by continued strong performance across its diversified business activities.

Outlook

Macquarie Group remains well-positioned to capitalise on opportunities across its global platform, with a focus on sustainable growth, innovation and disciplined risk management. The Group will continue to invest in its people, technology and adjacent business opportunities to drive long-term value for shareholders.