Macquarie Group (MQG) Stock Overview
Provides diversified financial services in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
MQG Community Fair Values
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Analyst Price Targets
Top Community Narratives
AU$219.39
FV
15.4% overvalued intrinsic discount6.01%
Revenue growth p.a.
71
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Macquarie Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$253.09 |
| 52 Week High | AU$260.57 |
| 52 Week Low | AU$187.31 |
| Beta | 0.91 |
| 1 Month Change | 1.13% |
| 3 Month Change | 6.26% |
| 1 Year Change | 18.39% |
| 3 Year Change | 44.26% |
| 5 Year Change | 60.41% |
| Change since IPO | 3,465.17% |
Recent News & Updates
Narrative Update • Jul 24
MQG: Leadership Transition And Capital Decisions Will Shape Future Repricing Balance
Analysts have lifted the implied fair value for Macquarie Group from A$250.14 to A$255.84, citing updated assumptions around revenue growth, profit margins, the discount rate and future P/E estimates. Analyst Commentary Analysts reviewing Macquarie Group are focusing on how valuation assumptions, including P/E estimates and discount rates, line up with the company’s ability to execute on its growth plans and maintain profitability.
New Narrative • Jul 12
Macquarie Worth Banking On?
At A$219.394 per share, Macquarie Group (ASX: MQG) appears reasonably valued based on its current operating performance. Macquarie reported FY26 net profit of A$4.85 billion, an increase of 30% from FY25, while net operating income increased by 13% to A$19.48 billion.Recent updates
Narrative Update • Jul 24
MQG: Leadership Transition And Capital Decisions Will Shape Future Repricing Balance
Analysts have lifted the implied fair value for Macquarie Group from A$250.14 to A$255.84, citing updated assumptions around revenue growth, profit margins, the discount rate and future P/E estimates. Analyst Commentary Analysts reviewing Macquarie Group are focusing on how valuation assumptions, including P/E estimates and discount rates, line up with the company’s ability to execute on its growth plans and maintain profitability.New Narrative • Jul 12
Macquarie Worth Banking On?
At A$219.394 per share, Macquarie Group (ASX: MQG) appears reasonably valued based on its current operating performance. Macquarie reported FY26 net profit of A$4.85 billion, an increase of 30% from FY25, while net operating income increased by 13% to A$19.48 billion.Narrative Update • Jun 18
MQG: Mixed Broker Views And Capital Moves Will Shape Future Repricing
Analysts have trimmed their Macquarie Group price target to A$250.14. This reflects slightly lower assumed discount rates and a marginally reduced future P/E multiple in updated models.Narrative Update • Jun 03
MQG: Mixed Broker Signals And Deal Pipeline Will Shape Future Repricing
Analysts have raised the price target on Macquarie Group to A$250.14 from A$238.63, reflecting updated views on more moderate revenue growth expectations, a slightly higher discount rate, and firmer profit margin assumptions, despite mixed recent rating changes from major brokers. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the revised A$250.14 price target still leaves room for upside relative to their assessment of Macquarie Group's earnings power, even with more moderate revenue growth assumptions built into their models.Analysis Article • May 12
Earnings Beat: Macquarie Group Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Macquarie Group Limited ( ASX:MQG ) investors will be delighted, with the company turning in some strong numbers with...Narrative Update • Apr 27
MQG: Mixed Broker Views And Deal Pipeline Will Shape Future Repricing Potential
Analysts have raised their price target on Macquarie Group to about A$239 from A$234, citing updated assumptions for slightly firmer revenue growth, profit margins and future P/E multiples, despite mixed recent rating changes from major brokers. Analyst Commentary Recent research on Macquarie Group reflects a mix of optimism and caution, with bullish analysts highlighting upside to earnings assumptions and valuation, while Goldman Sachs has taken a more restrained stance with a downgrade.Narrative Update • Apr 10
MQG: Neutral Upgrade And Deal Pipeline Will Support Future Repricing Potential
Narrative Update on Macquarie Group Analysts have lifted Macquarie Group's price target to A$280.73, with the change linked to valuation support and what they describe as an improving outlook for the bank. Analyst Commentary Recent research updates on Macquarie Group highlight a shift in tone, with at least one major firm upgrading the stock and setting a price target of A$280.73.Narrative Update • Mar 26
MQG: Neutral Upgrade And Asset Recycling Pipeline Will Support Constructive Future Repricing
Analysts have made only a small adjustment to Macquarie Group's implied price target, trimming it by about A$0.30. This change aligns with slightly higher profit margin assumptions and a modestly lower future P/E multiple following a recent upgrade to Neutral with a A$280.73 target.Narrative Update • Mar 10
MQG: Improving Outlook And Asset Recycling Will Support More Constructive Future Repricing
Narrative Update: Macquarie Group The analyst price target for Macquarie Group has shifted modestly higher to A$280.73, supported by slightly adjusted fair value, discount rate, revenue growth, profit margin, and future P/E assumptions that analysts see as reflecting a changed outlook and valuation reset. Analyst Commentary Recent Street research on Macquarie Group is limited but does include a key rating change that feeds directly into how some investors may think about valuation, execution risk, and growth prospects.Narrative Update • Feb 23
MQG: Neutral Stance Will Reflect Balanced Outlook And Execution Risk Profile
Analysts have nudged their fair value estimate for Macquarie Group higher to A$231.30 from A$227.34, reflecting updated assumptions for revenue growth, margins and future P/E after a recent upgrade to Neutral with a A$280.73 price target. Analyst Commentary Recent Street research on Macquarie Group has shifted tone, with at least one major firm moving to a Neutral stance and updating its valuation framework.Narrative Update • Feb 09
MQG: Neutral Upgrade Will Reflect Improving Outlook And Balanced Risk Reward Profile
Narrative update on Macquarie Group Analysts have made a small upward adjustment to their implied fair value and price outlook for Macquarie Group, reflected in a slightly higher price target supported by a Neutral rating upgrade and comments around valuation and an improving outlook. Analyst Commentary Recent research on Macquarie Group has centered on valuation and an improving outlook, leading to an upgrade to Neutral with a A$280.73 price target from a major global broker.Narrative Update • Jan 24
MQG: Earnings Recovery Will Progress As Dividend And Buyback Support Neutral Reappraisal
Analysts have made a modest upward revision to Macquarie Group's fair value estimate, nudging it from A$224.87 to A$227.03. They cite a slightly lower discount rate, steady margin assumptions and recent rating upgrades that highlight an improving outlook for the bank.Narrative Update • Jan 10
MQG: Earnings Recovery Will Gradually Emerge As Concentration Risks Remain Contained
Analysts kept the fair value estimate for Macquarie Group steady at A$224.87, with only slight tweaks to the discount rate and long term assumptions on revenue growth, profit margin and future P/E multiple shaping the updated price target rationale. Analyst Commentary Bullish and bearish analysts looking at Macquarie Group are drawing lessons from recent research on payment platforms, particularly around customer concentration, revenue visibility and how those factors can influence valuation multiples over time.Narrative Update • Dec 25
MQG: Earnings Recovery Will Gradually Emerge As Extended Trough Persists
Analysts have slightly reduced their price target for Macquarie Group to A$207.58, reflecting expectations for a broader and more prolonged earnings trough than a typical cycle, and a slower profit recovery despite only marginal shifts in underlying growth and margin assumptions. Analyst Commentary Analyst views on Macquarie Group remain divided, with valuation framed around the depth and duration of the current earnings trough and the pace of any subsequent recovery.Narrative Update • Dec 11
MQG: Earnings Recovery Will Eventually Strengthen Despite Extended Trough Concerns
Analysts have trimmed their price target on Macquarie Group, cutting it by A$16.92 to A$207.58 as they factor in expectations for a broader earnings trough and a slower recovery than the market consensus. Analyst Commentary Street research on Macquarie Group highlights a cautious tone overall, with a focus on how a longer earnings trough and tempered recovery expectations affect valuation and growth assumptions.Narrative Update • Nov 26
MQG: Earnings Recovery Is Expected To Accelerate As Market Headwinds Ease
Analysts have revised Macquarie Group’s price target to A$224.48. This reflects a more cautious outlook on earnings recovery and industry headwinds that are expected to moderate near-term performance.Analysis Article • Nov 12
Macquarie Group (ASX:MQG) Will Pay A Dividend Of A$2.80
The board of Macquarie Group Limited ( ASX:MQG ) has announced that it will pay a dividend on the 17th of December...Narrative Update • Nov 12
MQG: Earnings Recovery Pace And Diversification Will Shape Future Performance
The analyst price target for Macquarie Group has increased slightly from A$223.80 to A$224.48. Analysts cite incremental improvements in revenue growth forecasts and profit margins, despite concerns over a slower earnings recovery.Analysis Article • Nov 10
Macquarie Group Limited (ASX:MQG) Interim Results: Here's What Analysts Are Forecasting For This Year
Macquarie Group Limited ( ASX:MQG ) shareholders are probably feeling a little disappointed, since its shares fell 5.9...Narrative Update • Oct 29
Earnings Recovery And Competitive Pressures Will Influence Performance Amid Industry Headwinds
Analysts have modestly raised their price target for Macquarie Group from A$218.54 to A$223.80. They cite expectations of a gradual earnings recovery, slightly improved revenue growth, and higher profit margins, despite ongoing industry headwinds.Narrative Update • Oct 15
Asset Management And Digitization Investments Will Improve Future Efficiency
Macquarie Group's analyst price target has been revised downward from A$221.24 to A$218.54. Analysts point to a broader earnings recovery lag and persistent macroeconomic pressures in their updated outlook.Narrative Update • Aug 27
Asset Management And Digitization Investments Will Improve Future Efficiency
With both the Future P/E and Net Profit Margin for Macquarie Group largely unchanged, the consensus analyst price target has seen only a marginal increase to A$221.24. What's in the News Macquarie Group is set to acquire a 40% minority stake in Portuguese hospital operator Luz Saúde, outbidding CVC Capital Partners and KKR, with the deal valuing Luz Saúde at over €1 billion.
New Narrative • Nov 07
Future-Proofing For Growth With Strategic Investments In Asset Management And Global Markets
Strategic investments in asset management and digitization are expected to drive revenue growth and enhance operational efficiencies.Shareholder Returns
| MQG | AU Capital Markets | AU Market | |
|---|---|---|---|
| 7D | -0.8% | -0.1% | 2.0% |
| 1Y | 18.4% | -0.2% | 2.4% |
Return vs Industry: MQG exceeded the Australian Capital Markets industry which returned -0.2% over the past year.
Return vs Market: MQG exceeded the Australian Market which returned 2.4% over the past year.
Price Volatility
| MQG volatility | |
|---|---|
| MQG Average Weekly Movement | 2.5% |
| Capital Markets Industry Average Movement | 5.1% |
| Market Average Movement | 9.6% |
| 10% most volatile stocks in AU Market | 17.0% |
| 10% least volatile stocks in AU Market | 3.9% |
Stable Share Price: MQG has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: MQG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | 19,124 | Shemara Wikramanayake | www.macquarie.com |
Macquarie Group Limited provides diversified financial services in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia. The company operates through four segments: Macquarie Asset Management (MAM); Banking and Financial Services (BFS); Commodities and Global Markets (CGM); and Macquarie Capital. The MAM segment provides investment solutions to clients across various capabilities, including real assets, real estate, credit and insurance, secondaries, and systematic investments.
Macquarie Group Limited Fundamentals Summary
| MQG fundamental statistics | |
|---|---|
| Market cap | AU$93.33b |
| Earnings (TTM) | AU$4.69b |
| Revenue (TTM) | AU$19.61b |
19.9x
P/E Ratio4.8x
P/S RatioIs MQG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MQG income statement (TTM) | |
|---|---|
| Revenue | AU$19.61b |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$19.61b |
| Other Expenses | AU$14.91b |
| Earnings | AU$4.69b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Nov 06, 2026
| Earnings per share (EPS) | 12.72 |
| Gross Margin | 100.00% |
| Net Profit Margin | 23.93% |
| Debt/Equity Ratio | 577.9% |
How did MQG perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield55%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/01 19:54 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Macquarie Group Limited is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Mott | Barrenjoey Markets Pty Limited |
| Matthew Dunger | BofA Global Research |
| Andrew Scott | CGS International |