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ANZ Group Holdings
(Sydney:ANZ)
ANZ Group Holdings (ANZ) vs. iShares MSCI Australia ETF (EWA)
ANZ Group Holdings Business Overview & Revenue Model
ANZ Group Holdings Financial Statement Overview
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 67.44B | 64.92B | 53.52B | 27.74B | 23.21B |
| Gross Profit | 22.31B | 20.36B | 20.28B | 18.94B | 17.83B |
| EBITDA | 9.80B | 10.46B | 10.77B | 10.84B | 10.63B |
| Net Income | 5.89B | 6.54B | 7.10B | 7.12B | 6.16B |
Balance Sheet | |||||
| Total Assets | 1.30T | 1.23T | 1.11T | 1.09T | 978.86B |
| Cash, Cash Equivalents and Short-Term Investments | 122.72B | 112.99B | 146.44B | 157.53B | 141.89B |
| Total Debt | 219.82B | 303.64B | 150.08B | 134.00B | 212.82B |
| Total Liabilities | 1.23T | 1.16T | 1.04T | 1.02T | 915.18B |
| Stockholders Equity | 71.13B | 69.86B | 69.52B | 65.91B | 63.66B |
Cash Flow | |||||
| Free Cash Flow | 26.11B | 9.95B | 5.88B | 19.52B | 43.81B |
| Operating Cash Flow | 26.11B | 9.95B | 6.49B | 20.18B | 43.82B |
| Investing Cash Flow | -23.94B | -42.12B | -10.69B | -1.82B | 10.26B |
| Financing Cash Flow | 612.00M | 17.91B | 4.38B | -2.35B | -9.67B |
ANZ Group Holdings Technical Analysis
ANZ Group Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$120.51B | 20.20 | 7.92% | 4.53% | 5.21% | -9.07% | |
70 Outperform | AU$291.93B | 28.21 | 13.34% | 3.00% | 6.39% | 7.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$145.31B | 21.07 | 9.08% | 3.90% | 1.57% | 0.13% | |
58 Neutral | AU$149.95B | 22.19 | 10.36% | 4.00% | -4.56% | -1.63% | |
56 Neutral | AU$78.03B | 21.50 | 10.30% | 3.27% | 3.65% | 1.58% | |
51 Neutral | AU$6.07B | -72.66 | -1.23% | 5.99% | 5.39% | -117.83% |
ANZ Group Holdings Corporate Events
ANZ Group Holdings has moved to close a potential source of governance overhang, announcing that former chief executive Shayne Elliott has discontinued his legal action over 2025 remuneration outcomes. The bank emphasised that the matter was resolved without any payments or new commitments to Elliott, with both parties agreeing to bear their own costs, a resolution likely to reassure investors and regulators that the dispute has been contained without direct financial impact on the group.
The decision removes a lingering dispute involving a high-profile former leader, helping ANZ maintain focus on its core banking strategy and ongoing regulatory and market obligations. While the announcement is brief on broader context, the clean resolution may support confidence in ANZ’s remuneration framework and governance processes at a time when executive pay practices remain under close scrutiny across the financial sector.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$45.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
Australia and New Zealand Banking Group Limited will issue A$1 billion of subordinated notes, split between A$725 million floating rate and A$275 million fixed-to-floating rate tranches maturing in February 2037, under its Australian dollar debt issuance programme. These notes are structured to convert into fully paid ordinary shares of ANZ Group Holdings if the prudential regulator deems the bank non-viable, forming part of the group’s regulatory capital framework.
The bank said the issuance will not have a material impact on the financial position of either the operating bank or the listed holding company, though any conversion following a non-viability trigger would increase ANZ Group Holdings’ shareholders’ equity. ANZ is providing detailed terms through its information memorandum and continuous disclosure regime, underscoring ongoing compliance with Australian corporate and listing requirements while targeting wholesale investors rather than retail clients.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$40.30 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has announced that Non-Executive Director Graham Hodges will retire from the boards of Australia and New Zealand Banking Group Limited and ANZ BH Pty Ltd on 8 February 2026, at the conclusion of his three-year term. Hodges joined the boards in 2023 following ANZ’s move to a non-operating holding company structure, and his departure marks the end of a formal governance role that drew on nearly three decades of senior leadership at the bank, including posts as Deputy CEO, CFO, Head of HR and Operations, CEO Australia, and CEO New Zealand. Chairman Paul O’Sullivan thanked Hodges for his substantial contribution and deep institutional knowledge, underscoring his influence on ANZ’s strategic oversight during a period of structural change, with his retirement signaling a planned transition in board composition rather than a shift in strategic direction.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
Australia and New Zealand Banking Group Limited will redeem its A$1.25 billion wholesale floating rate subordinated notes, originally due in February 2031, on the optional redemption date of 26 February 2026 after receiving written approval from the prudential regulator APRA. The bank stressed that this transaction does not signal an intention to redeem other outstanding callable capital instruments, which would each remain subject to separate regulatory approval, indicating a targeted balance-sheet management move rather than a broader capital restructuring.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$35.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has issued an updated notification to the ASX correcting an earlier administrative error in its disclosure on the cessation of securities. The bank clarified that the correct number of units forfeited under the relevant arrangement is 217,974, superseding figures reported in a November 2025 filing, in a move aimed at ensuring the accuracy of its issued capital records for investors and regulators.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has notified the market of the cessation of 1,529 ANZAA options/rights, effective 22 November 2025, as part of an update to its issued capital. The change, disclosed via an Appendix 3H filing, reflects a minor adjustment to ANZ’s capital structure, with limited direct operational impact but contributing to ongoing transparency around its securities on issue for investors and regulators.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the cessation of 3,776 options/rights (ASX code ANZAA), which lapsed on 22 November 2025 for reasons classified as ‘Other’. The change, disclosed via an Appendix 3H filing, represents a minor adjustment to the bank’s issued capital structure and formalises the expiry of a small tranche of equity-based securities, with limited direct impact on ordinary shareholders but incremental relevance for tracking ANZ’s capital management and employee or incentive-related instruments.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market of the cessation of 21,444 options/rights securities, listed under the ASX code ANZAA, effective 22 November 2025. The cessation of these securities, recorded in an Appendix 3H filing, reflects a change in the bank’s issued capital structure, which may relate to the expiry, lapse or satisfaction of terms under an employee or incentive scheme, and forms part of ANZ’s ongoing capital management and disclosure obligations to investors.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market of the cessation of a tranche of its ANZAA options/rights securities, with 902 such securities having lapsed or otherwise ceased as of 22 November 2025. The adjustment to its issued capital structure reflects routine administration of its securities and employee or incentive instruments, with limited direct operational impact but ongoing relevance for investors tracking ANZ’s capital management and equity-based remuneration arrangements.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market of the cessation of 3,854 options/rights securities, classified under the ASX code ANZAA, effective 22 November 2025. The move, disclosed via an Appendix 3H filing, reflects a minor adjustment to ANZ’s issued capital structure and is unlikely to materially affect the bank’s overall capital position, but continues the routine housekeeping of its equity and employee or option-related instruments, which stakeholders monitor as part of broader capital management and governance practices.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the cessation of 2,917 options/rights (ASX code ANZAA), effective 22 November 2025, as part of an update to its issued capital. The change reflects a minor adjustment to ANZ’s capital structure and has been formally reported to the ASX, providing transparency for investors about movements in the bank’s equity-based instruments.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has notified the market of the cessation of 4,977 options/rights securities, identified under the ASX code ANZAA, effective 22 November 2025. The cessation, disclosed via an Appendix 3H filing on 14 January 2026, reflects a minor adjustment to ANZ’s issued capital structure and is part of the bank’s routine securities administration, with limited direct impact on day-to-day operations or shareholder control.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the ASX of the cessation of 64,693 ANZAA options/rights, effective 22 November 2025, under an Appendix 3H filing. The change relates to the company’s issued capital structure and reflects routine adjustments to its securities on issue, with potential implications for the composition of equity-based instruments held by employees or other option holders but no direct impact disclosed on ordinary shareholders in this notice.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has notified the ASX of the issue of 20,638 ordinary fully paid shares following the exercise or conversion of previously unquoted equity securities. The modest increase in ordinary shares reflects routine capital management activity tied to existing equity-based arrangements, with limited immediate impact on the group’s overall capital structure but underscoring the ongoing use of share-based incentives or convertible instruments within its funding and remuneration framework.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market that 6,621 options or rights (ASX code ANZAA) have lapsed after the conditions attached to these instruments were not satisfied or became incapable of being met as of 12 December 2025. The cessation of these conditional rights results in a modest technical adjustment to ANZ’s issued capital structure, with no indication of broader operational impact, but it clarifies the status of outstanding equity-based instruments for investors tracking the bank’s capital and employee or performance incentive arrangements.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has disclosed a change in the relevant interests of director Paul Dominic O’Sullivan, who increased his indirect holding in ANZ ordinary shares through an on‑market purchase. O’Sullivan acquired 3,300 ANZ ordinary shares at an average price of $35.92 per share via an account held with Invia Custodian Pty Limited, lifting his total indirect interest to 39,950 shares while his direct holding remains at zero. The transaction, which did not occur during a closed trading period, reflects routine director investment activity and is disclosed in line with ASX corporate governance and transparency requirements for director dealings in company securities.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market of the issue of 1,718,365 unquoted options/rights under its employee incentive scheme, with an issue date of 18 December 2025. The move reflects the bank’s ongoing use of equity-based remuneration to align staff interests with shareholders and support talent retention, though the unquoted nature of the securities means there is no immediate impact on the company’s listed share capital or public float.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has disclosed a change in director Nuno Matos’s interests, with the grant of 141,897 options over unissued ANZ ordinary shares, comprising 70,949 Restricted Rights and 70,948 Performance Rights. The award, approved by shareholders at the bank’s 2025 Annual General Meeting and granted at no cost to Matos, forms part of ANZ’s equity-based remuneration framework for senior executives and aligns his incentives with shareholder interests, signalling ongoing use of long-term performance-linked compensation to support the group’s strategic and financial objectives.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has disclosed a change in director Scott Andrew St John’s indirect shareholding, with his custodian FNZ Custodians Limited acquiring 250 ANZ ordinary shares on-market at $36.40 per share on 22 December 2025. The transaction, which occurred outside a closed trading period and did not involve any change in contractual interests, increases St John’s indirect holding to 4,000 ANZ ordinary shares, underscoring ongoing director alignment with shareholder interests through direct equity exposure.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has notified the market of the issue of 141,897 unquoted options/rights under its employee incentive scheme, using ASX security code ANZAA, effective 19 December 2025. The additional unquoted equity aims to support ANZ’s remuneration and retention framework by offering staff equity-based incentives, potentially aligning employee interests more closely with shareholders without immediately affecting the company’s quoted share capital structure.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings has had its previously agreed settlement with the Australian Securities and Investments Commission finalised by the Federal Court, resulting in total civil penalties of $250 million relating to five regulatory matters in its Australian Markets and Australia Retail businesses. The Court increased one component of the penalty, concerning inaccurate monthly secondary bond turnover data supplied to the Australian Office of Financial Management, from $40 million to $50 million, while confirming the agreed penalties for the remaining issues; ANZ said the financial impact is largely covered by existing provisions and highlighted ongoing remediation efforts, including a Root Cause Remediation Plan and a dedicated ASIC Matters Resolution Program in its retail division, both subject to independent review, underscoring its push to strengthen non-financial risk management and regulatory compliance.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has applied to the ASX for quotation of 2,007,267 new ordinary fully paid shares, issued on 19 December 2025 under a dividend or distribution plan. The additional securities modestly increase ANZ’s listed share capital and reflect the bank’s continued use of equity-based distribution reinvestment mechanisms, which can support capital management objectives and provide shareholders with an alternative to cash dividends.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has applied to the ASX for quotation of 26,331,058 new fully paid ordinary shares, to be issued on 19 December 2025 under a dividend or distribution plan. The additional stock issuance modestly expands ANZ’s share base and reflects the bank’s continued use of equity-based distribution mechanisms, which can help preserve cash while potentially diluting existing shareholders, and signals ongoing engagement with investors who opt to receive dividends in the form of shares rather than cash.
The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited concluded its 2025 Annual General Meeting, announcing the successful election and re-election of board members as well as the approval of key resolutions, including the adoption of the Remuneration Report, which generated a second strike due to significant opposition votes. Other significant outcomes included the rejection of member-requisitioned resolutions to amend the company’s constitution and adopt climate-related policies, maintaining the company’s existing operational and governance structure. These results signal a continuation of ANZ’s current strategic direction while reflecting ongoing shareholder concern over executive pay and sustainability commitments.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$39.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited, a prominent financial institution, has released the presentation and proxy summary from its 2025 Annual General Meeting. This release signifies the company’s commitment to shareholder transparency and adherence to disclosure standards, potentially reinforcing its reputation within the financial services industry and for its stakeholders.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$39.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings used its 2025 Annual General Meeting to outline the CEO’s strategic vision under the ANZ 2030 agenda, which aims to prioritize customer focus, simplify operations, enhance resilience, and deliver sustained value. Key actions include aligning leadership for transformation, accelerating Suncorp Bank’s integration, deploying comprehensive digital capabilities, and reducing operational complexity to position the bank for long-term growth and competitiveness in the financial sector.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$39.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings highlighted key developments during its 2025 Annual General Meeting, including the introduction of its new CEO, Nuno Matos, who brings decades of global banking expertise. Under his leadership, ANZ has launched its 2030 strategy, revamped its executive committee with experienced leaders, and made substantial progress in addressing non-financial risk improvements. These measures aim to enhance institutional performance, culture, and risk management, signaling a promising transformation for stakeholders.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$39.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited is addressing a legal action initiated by its former CEO, Shayne Elliott, concerning remuneration outcomes for the 2025 financial year. The company’s board decided not to grant short-term variable remuneration to Australian-based Group Executives, except those in acting roles, and adjusted some of Mr. Elliott’s long-term remuneration to zero for 2025 and 2026, in compliance with regulatory standards. ANZ’s Chairman, Paul O’Sullivan, expressed confidence in the board’s decision and stated the company will vigorously defend its position.
The most recent analyst rating on (AU:ANZ) stock is a Buy with a A$39.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited has announced the quotation of 950,467 ordinary fully paid securities on the Australian Securities Exchange (ASX), issued under an employee incentive scheme. This move is part of ANZ’s ongoing efforts to enhance its market operations and provide value to its stakeholders by aligning employee interests with company performance.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.
ANZ Group Holdings Limited announced an update regarding its dividend distribution, specifying the Dividend Reinvestment Plan (DRP) and Bonus Option Plan (BOP) price at AUD 34.37. The update also includes exchange rates for AUD/NZD and AUD/GBP, along with dividend equivalent amounts in NZD and GBP. This announcement is crucial for shareholders, particularly Australian residents, who need to ensure their tax details are up-to-date to avoid withholding tax on the unfranked portion of the dividend.
The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$36.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.