Macquarie Group Posts Record $4.8 Billion Profit, Up 30%
Macquarie Group reported a 30% increase in annual profit to $4.8 billion for the year ended March 2026.
Business Performance
The strong result was powered by a 49% profit contribution increase from its commodities and global markets division and a 27% increase from asset management.
Other divisions also performed strongly:
- Commodities and global markets: 49% profit contribution growth
- Asset management: 27% profit contribution growth
- Macquarie Capital (investment banking): 43% profit contribution growth
- Retail and commercial banking: 17% profit contribution growth
Citi analyst Thomas Strong described the result as a "strong beat" driven by commodities and Macquarie Capital, including asset sales.
Executive Compensation
CEO Shemara Wikramanayake received total pay of $26.5 million, up from $24 million the previous year. Her fixed pay remained at $1.5 million, while her profit share allocation was reduced by 25% to $21 million. She also received $4 million in performance share units.
The highest-paid executive was Simon Wright, head of commodities and global markets, who received $35.4 million.
Macquarie Bank CEO Stuart Green received $8.4 million. The company reduced profit share allocations for Green and five other senior executives "to reflect accountability for relevant risk and regulatory matters."
Market Reaction
Despite the strong earnings beat, Macquarie shares were 1.1% lower in late-morning trade.