Banco Macro S.A.

BASE:BMA.5 Stock Report

Market Cap: AR$7.5t

Banco Macro Past Earnings Performance

Past criteria checks 2/6

Banco Macro has been growing earnings at an average annual rate of 34.1%, while the Banks industry saw earnings growing at 41% annually. Revenues have been growing at an average rate of 39.6% per year. Banco Macro's return on equity is 5.6%, and it has net margins of 7.1%.

Key information

34.13%

Earnings growth rate

34.13%

EPS growth rate

Banks Industry Growth38.31%
Revenue growth rate39.55%
Return on equity5.55%
Net Margin7.12%
Next Earnings Update27 May 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Banco Macro makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BASE:BMA.5 Revenue, expenses and earnings (ARS Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 254,063,621289,4951,235,0890
30 Sep 252,663,023228,5171,049,4260
30 Jun 252,976,323381,3451,043,0430
31 Mar 252,752,375-87,5891,029,4580
31 Dec 246,028,829428,1941,292,5210
30 Sep 247,737,2181,281,0441,267,5730
30 Jun 247,745,8861,184,4401,175,7280
31 Mar 248,100,0921,681,7941,121,5130
31 Dec 238,146,7101,667,3261,184,4310
30 Sep 233,988,217346,060825,9460
30 Jun 233,176,961344,055683,8850
31 Mar 232,158,658163,702502,4340
31 Dec 221,549,284134,025371,7900
30 Sep 22759,71362,291181,1490
30 Jun 22548,93254,629140,4720
31 Mar 22467,25655,797121,4220
31 Dec 21372,50244,554105,1640
30 Sep 21301,49935,30586,5170
30 Jun 21267,86829,21578,8570
31 Mar 21221,13530,10570,4450
31 Dec 20398,66776,900108,7990
30 Sep 20179,03838,67757,0950
30 Jun 20153,94540,41952,8180
31 Mar 20127,10332,99349,3270
31 Dec 19103,58926,47645,9860
30 Sep 1977,92722,06935,8150
30 Jun 1969,97216,78529,5250
31 Mar 1960,31916,32621,3160
31 Dec 1850,01215,72916,0610
30 Sep 1865,1569,46220,5190
30 Jun 1861,9928,36819,2240
31 Mar 1838,00111,60212,2630
31 Dec 1755,9375,93917,6630
30 Sep 1730,0508,65811,0790
30 Jun 1726,0557,5579,6430
31 Mar 1723,1797,1388,7800
31 Dec 1620,1686,5417,8450
30 Sep 1619,4466,8126,6360
30 Jun 1618,0936,2846,6220
31 Mar 1615,9595,3036,0610
31 Dec 1515,1745,0105,6590
30 Sep 1513,0623,6185,4120
30 Jun 1512,1823,4994,9970

Quality Earnings: BMA.5 has a large one-off loss of ARS130.1B impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: BMA.5's current net profit margins (7.1%) are higher than last year (7.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BMA.5's earnings have grown significantly by 34.1% per year over the past 5 years.

Accelerating Growth: BMA.5's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BMA.5 had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Banks industry average (-53%).

Return on Equity

High ROE: BMA.5's Return on Equity (5.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/27 02:54
End of Day Share Price 2026/05/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Banco Macro S.A. is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ernesto Gabilondo MárquezBofA Global Research
Rafael Berger FradeBradesco S.A. Corretora de Títulos e Valores Mobiliários
Alonso AramburúBTG Pactual