Macquarie Group posts higher 1H26 profit and ups dividend

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The Macquarie Group Ltd (ASX: MQG) share price is in focus after the diversified financial services group reported a 6% lift in first-half revenue to $8.69 billion and a 3% increase in profit attributable to ordinary equity holders, reaching $1.66 billion.
What did Macquarie Group report?
- Revenue from ordinary activities rose 5.8% to $8,691 million
- Profit after income tax increased 4.4% to $1,681 million
- Profit attributable to ordinary equity holders up 2.7% to $1,655 million
- Net tangible assets per ordinary share decreased 0.5% to $75.25
- Interim dividend declared: $2.80 per share (35% franked), payable 17 December 2025
- Basic earnings per share rose 2.9% to 436.7 cents
What else do investors need to know?
Macquarie’s Banking and Financial Services division experienced strong growth in its loan and deposit portfolios, while Macquarie Asset Management assets under management increased slightly to $959.1 billion. However, total operating expenses grew 5% to $6,239 million, mainly due to higher employment and technology costs to support business expansion.
Commodities and Global Markets saw a 15% dip in net profit contribution, driven by lower financing and trading income, while Macquarie Capital’s performance improved significantly, up 92% on the prior first half thanks to higher advisory and brokerage activity—particularly in Asia and the Americas.
What did Macquarie Group management say?
Managing Director and Chief Executive Officer Shemara Wikramanayake said:
Our diversified business model and cautious approach to capital and funding have positioned us well despite ongoing macroeconomic uncertainty.
What’s next for Macquarie Group?
Looking ahead, Macquarie will maintain a conservative stance on capital, funding and liquidity. The company is focused on growing its capital-light asset management and banking segments, supporting innovation in commodities, and helping clients through market transitions like decarbonisation.
Management says the short-term outlook remains subject to market volatility, changing global economic conditions, and potential regulatory changes. The interim dividend record date is 18 November 2025, with payment scheduled for 17 December 2025.
Macquarie Group share price snapshot
Macquarie Group shares have declined 5% over the past 12 months, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.
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