GQG Partners Inc.

ASX:GQG Stock Report

Market Cap: AU$5.2b

GQG Partners Past Earnings Performance

Past criteria checks 4/6

GQG Partners has been growing earnings at an average annual rate of 28.8%, while the Capital Markets industry saw earnings growing at 10.6% annually. Revenues have been growing at an average rate of 21.9% per year. GQG Partners's return on equity is 104.2%, and it has net margins of 56.5%.

Key information

28.80%

Earnings growth rate

-76.92%

EPS growth rate

Capital Markets Industry Growth6.60%
Revenue growth rate21.89%
Return on equity104.22%
Net Margin56.54%
Next Earnings Update21 Aug 2026

Recent past performance updates

Recent updates

AI short positioning & India emerging market opportunties

Contrarian India Bet vs. AI Skepticism : GQG Partners manages $166 billion in assets but has made a controversial strategic wager—maintaining over $24 billion in Indian investments (14% of AUM) while deliberately avoiding AI stocks.

GQG Partners Inc. (ASX:GQG) Held Back By Insufficient Growth Even After Shares Climb 25%

Dec 06
GQG Partners Inc. (ASX:GQG) Held Back By Insufficient Growth Even After Shares Climb 25%

Earnings Working Against GQG Partners Inc.'s (ASX:GQG) Share Price

Oct 02
Earnings Working Against GQG Partners Inc.'s (ASX:GQG) Share Price

The GQG Investment Dilemma

GQG Partners is a funds management business that has recorded strong earnings growth over the past year, with EPS rising from US$0.095 to US$0.14. Since 2023 it has grown its funds under management from US$106 billion to US$143 billion, while return on equity sits near 80 per cent.

GQG Partners Inc.'s (ASX:GQG) Shares Lagging The Market But So Is The Business

Jun 18
GQG Partners Inc.'s (ASX:GQG) Shares Lagging The Market But So Is The Business

Here's Why We Think GQG Partners (ASX:GQG) Is Well Worth Watching

May 19
Here's Why We Think GQG Partners (ASX:GQG) Is Well Worth Watching

The Market Doesn't Like What It Sees From GQG Partners Inc.'s (ASX:GQG) Earnings Yet

Mar 13
The Market Doesn't Like What It Sees From GQG Partners Inc.'s (ASX:GQG) Earnings Yet
User avatar

Rebranding To Quality Value And Abu Dhabi Expansion Will Open New Market Opportunities

Rebranding to Quality Value targets broader market opportunities and increased revenue through expanded client interest in value branding.

We Ran A Stock Scan For Earnings Growth And GQG Partners (ASX:GQG) Passed With Ease

Feb 14
We Ran A Stock Scan For Earnings Growth And GQG Partners (ASX:GQG) Passed With Ease

GQG Partners Inc. (ASX:GQG) Screens Well But There Might Be A Catch

Jul 30
GQG Partners Inc. (ASX:GQG) Screens Well But There Might Be A Catch

Fewer Investors Than Expected Jumping On GQG Partners Inc. (ASX:GQG)

Apr 13
Fewer Investors Than Expected Jumping On GQG Partners Inc. (ASX:GQG)

Earnings Update: GQG Partners Inc. (ASX:GQG) Just Reported And Analysts Are Boosting Their Estimates

Feb 17
Earnings Update: GQG Partners Inc. (ASX:GQG) Just Reported And Analysts Are Boosting Their Estimates

Is Now The Time To Put GQG Partners (ASX:GQG) On Your Watchlist?

Dec 04
Is Now The Time To Put GQG Partners (ASX:GQG) On Your Watchlist?

Revenue & Expenses Breakdown

How GQG Partners makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:GQG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25808457440
30 Sep 25804456460
30 Jun 25800454490
31 Mar 25780440500
31 Dec 24760425500
30 Sep 24702387480
30 Jun 24644349470
31 Mar 24581314430
31 Dec 23518278400
30 Sep 23484256390
30 Jun 23451234370
31 Mar 23444234350
31 Dec 22437234330
30 Sep 22437130300
30 Jun 2243726260
31 Mar 2241836240
31 Dec 2139846220
30 Sep 21364152190
30 Jun 21329258160
31 Mar 21278213150
31 Dec 20228168130
31 Dec 1911577110

Quality Earnings: GQG has high quality earnings.

Growing Profit Margin: GQG's current net profit margins (56.5%) are higher than last year (55.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: GQG's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: GQG's earnings growth over the past year (7.5%) is below its 5-year average (28.8% per year).

Earnings vs Industry: GQG earnings growth over the past year (7.5%) did not outperform the Capital Markets industry 8.2%.


Return on Equity

High ROE: GQG's Return on Equity (104.2%) is considered outstanding.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/13 10:58
End of Day Share Price 2026/03/13 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

GQG Partners Inc. is covered by 17 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew AdamsBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Gerardo CovarrubiasBarrenjoey Markets Pty Limited