Macquarie Group’s net profit up 3% to A$1.65b in H1 2026

Net operating income and operating expenses are both higher compared to a year earlier.

Macquarie Group Ltd.’s (MGL) net profit rose 3% year-on-year (YoY) to A$1.65b for the first half of its fiscal year (H1 2026) that ended on 30 September 2025.

Compared to the previous half-period (H2 2025), net profit is down 21% quarter-on-quarter (QoQ), the Australian bank said on 7 November 2025.

Net operating income rose 6% YoY to A$8.69b and is down 3% QoQ on H2 2025.

Operating expenses rose 5% YoY to nearly A$6.24b.

The income tax expense of A$771m is 12% YoY higher and 20% QoQ higher.

Assets under management was A$959.1b, up 5% YoY and 2% QoQ, which Macquarie credited to favorable market movements and increased net valuations. It was offset by outflows in equity strategies and unfavourable foreign exchange movements

As of 30 September, Macquarie employs 19,821 people, in line with 31 March 2025. Separately, approximately 252,000 people were employed across managed fund assets and investments, the group said.