Company Reports

Macquarie Group is a global asset manager that spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transaction-based investment banking, but still carries volatility, as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie's fiscal 2027 first-quarter profit increased for most divisions. The update accompanied news that CEO Shemara Wikramanayake will step down in November after almost eight years in the role. Her replacement, Greg Ward, led impressive growth of the banking and financial services division.

Macquarie's fiscal 2026 profit increased 30% to AUD 4.8 billion, with a stellar second half up 93% on the first half. Every division achieved double-digit growth, driven by higher performance fees, asset sales, strong home loan growth, and increased demand for risk management products.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie's third-quarter trading update points to growth across all segments for the nine months to Dec. 31, 2025. A culmination of higher performance fees in asset management, a growing home loan book, profit from asset sales, and more demand for commodities risk management.

Macquarie's first-half fiscal 2026 profit increased 3% to AUD 1.7 billion. Performance fees boosted asset management revenue, while strong home loan growth offset net interest margin pressure. Despite a broadly unchanged outlook, shares fell 6% on the result.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie Group's operating profit for the first quarter of fiscal 2026 was lower than a year ago. Banking and financial services and Macquarie Capital saw improved performance while asset management and commodities and global markets reported lower operating profit.

On average, Australian major banks rallied around 11% in the three months to June 30, 2025. Credit growth has continued to trend higher, supported by population and wages growth, while credit stress has been low. Banks reported softening net interest margins in the March 2025 quarter.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie's fiscal 2025 profit increased 5% on last year, with the second half up 30% on the first. Asset management profit lifted on asset sales, while banking and financial services benefited from loan growth cost savings. Less demand for commodity risk management products was an earnings drag.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Macquarie has agreed to sell its North American and European public asset management business to Nomura for AUD 2.8 billion. Around AUD 285 billion in assets under management spanning equities, fixed income, and multi-asset portfolios will move across in the sale.

Australian major banks were not immune from the market sell-off following US tariff announcements, with a potential hit to GDP growth clouding the earnings outlook. But so far in fiscal 2025, credit growth is ticking up on population and wages growth, while credit stress has been low.

Macquarie's operating profit for the first three quarters of fiscal 2025 is broadly in line with the same period of fiscal 2024. Despite higher earnings from asset management and retail banking, it made less profit from asset sales and commodities risk management due to lower volatility.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.

Credit growth is ticking up on population and wages growth, and households and businesses appear more optimistic about the economic outlook as rate hikes appear less likely.

Macquarie's operating profit continues to see-saw, the AUD 1.6 billion result up 14% on first half 2024 but down 23% on second half 2024. Market-facing businesses drove the half-on-half decline, with less profit from asset sales and less commodities risk management activity due to lower volatility.

Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.