Hub24’s platform funds under administration rose 18% to AUD 144 billion in the September 2026 quarter. Net inflows were roughly AUD 4 billion, the lowest since March 2024. Compared with the September 2025 quarter, gross outflows rose about 25%, while gross inflows slipped 3%.
Despite rapid growth, Hub24 accounts for only a small proportion of the investment administration market. There remains significant earnings upside.
Hub24 operates in a commoditized industry. We expect the larger providers to continue improving the functionality of their platforms and compete more aggressively on price.
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Price/Earnings (Normalized) | 37.65 | 30.92 | 19.98 |
Price/Book Value | 9.88 | 25.78 | 1.60 |
Price/Sales | 11.20 | 10.67 | 6.95 |
Price/Cash Flow | 31.08 | 71.86 | — |
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Quick Ratio | 1.89 | — | 0.09 |
Current Ratio | 2.13 | — | 0.09 |
Interest Coverage | 33.46 | — | 0.04 |
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Return on Assets (Normalized) | 20.00% | 48.37% | 0.97% |
Return on Equity (Normalized) | 25.29% | 79.58% | 8.81% |
Return on Invested Capital (Normalized) | 22.02% | — | 0.52% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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MS
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GS
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| Charles Schwab Corp
SCHW
| LOCK|$KZ&R&j | LOCK|Dp% | $158B | |||
| Robinhood Markets Inc Class A
HOOD
| LOCK|vP^>m& | LOCK|RR^#l | $87B | |||
| Interactive Brokers Group Inc Class A
IBKR
| LOCK|SM&!jWs | LOCK|FB | $37B | |||
| Tradeweb Markets Inc
TW
| LOCK|!Nh&P<^ | LOCK|#z | $26B | |||
| LPL Financial Holdings Inc
LPLA
| LOCK|^zcR!L | LOCK|$sz | $25B | |||
| Jefferies Financial Group Inc
JEF
| LOCK|<HyQsJV | LOCK|qGg | $10B | |||
| IREN Ltd
IREN
| LOCK|syH>rmz | LOCK|?d> | $10B | |||
| Stifel Financial Corp
SF
| LOCK|y@P<^@& | LOCK|?ClX | $10B |
United States