MACQUARIE GROUP LIMITED (MQG)
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MQG

MQG - MACQUARIE GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: March
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Macquarie Group is a global financial services group with businesses spanning asset management, banking and financial services, commodities and global markets, and advisory/capital markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$246.68

15 Oct
2026

-3.120

OPEN

$248.55

-1.25%

HIGH

$250.18

860,500

LOW

$245.63

TARGET
$257.76 4.5% upside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . L1G . MAF . MFG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MQG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 1277.0 1294.0 xxx
DPS (cps) xxx 700.0 772.5 xxx
EPS Growth xxx 30.4% 1.3% xxx
DPS Growth xxx 7.7% 10.4% xxx
PE Ratio xxx N/A 19.3 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 54.8% 59.7% xxx

Dividend yield today if purchased 3 years ago: 4.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.81

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/05 - ex-div 420.00c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx1,277.0
DPS All xxxxxxxxxxxxxxx700.0
Sales/Revenue xxxxxxxxxxxxxxx33,558.0 M
Book Value Per Share xxxxxxxxxxxxxxx9,847.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-8,695.0 M
Net Profit Margin xxxxxxxxxxxxxxx13.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.14 %
Return on Invested Capital xxxxxxxxxxxxxxx3.73 %
Return on Assets xxxxxxxxxxxxxxx0.95 %
Return on Equity xxxxxxxxxxxxxxx13.14 %
Return on Total Capital xxxxxxxxxxxxxxx1.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11,631.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx84,542 M
Long Term Debt xxxxxxxxxxxxxxx91,568 M
Total Debt xxxxxxxxxxxxxxx176,110 M
Goodwill - Gross xxxxxxxxxxxxxxx1,349 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx106,395 M
Price To Book Value xxxxxxxxxxxxxxx2.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx586.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5,319 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx117,400 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

27/07/2026

2

Accumulate

$255.00

3.37%

Macquarie Group has indicated the contribution from commodities and global markets was substantially higher in the June quarter, underpinned by market volatility amid a surge in North American gas and power trading.

Earnings from the banking and financial services division were also higher although Ord Minnett notes the benefit was reduced by a "squeeze" on net interest margins from intense competition for borrowers and deposits.

The sale of the European and North American public investment businesses in the second half of FY26 has meant the earnings contribution from this division was lower than a year ago.

Ord Minnett retains a $255 target price and Accumulate rating.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

27/07/2026

1

Buy

$250.00

1.35%

Jarden maintains a Buy rating for Macquarie Group with an unchanged target price of $250.00 following the annual general meeting and first-quarter update.

The broker comments trading conditions across divisions remained satisfactory during the June quarter, matching previous earnings expectations.

Management announced the planned retirement of CEO Shemara Wikramanayake, who will be succeeded by current Banking and Financial Services Head Greg Ward.

The division continues to capture market share through digitised offerings, while Macquarie Asset Management has exited low-margin public markets to redirect capital into private markets.

The report concludes Commodities and Global Markets remains well positioned to capture secular growth across global energy and resources complexes.

FORECAST
Jarden forecasts a full year FY27 dividend of 871.00 cents and EPS of 1415.20 cents.
Jarden forecasts a full year FY28 dividend of 982.00 cents and EPS of 1588.10 cents.
Access Extra Coverage Research History >

MQG STOCK CHART

FNArena News on MQG

1
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View
2
Next Week At A Glance – 12-16 Oct 2026

Oct 09 2026 - Weekly Reports
3
Next Week At A Glance – 5-9 Oct 2026

Oct 02 2026 - Weekly Reports
4
Rudi’s View: The Index Is No Longer The Market

Sep 30 2026 - Rudi's View
5
Treasure Chest: Macquarie Group

Sep 28 2026 - Treasure Chest

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