Macquarie Group (MQBKY)
OTHER OTC:MQBKY
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Macquarie Group
(OTC:MQBKY)
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Rating:64Neutral
Price Target:
$184.00
â–²(31.63% Upside)
Action:Downgraded
Date:05/14/26
The score is held back primarily by uneven cash generation and structurally high leverage despite solid profitability. Support comes from constructive technical uptrend indicators and a positive earnings-call read (strong profit growth and capital position), while valuation appears reasonable rather than clearly cheap.
Positive Factors
Strong profitability & ROE
Macquarie’s 30% rise in net profit and a ~14% ROE demonstrate durable earnings generation across diversified businesses. Consistent profitability supports internal capital generation for dividends, reinvestment and realizations, enabling sustained deployment into high‑return opportunities.
Negative Factors
High leverage / balance-sheet risk
Elevated debt‑to‑equity reflects a capital‑markets model that magnifies returns but materially raises sensitivity to funding costs and market shocks. High leverage constrains financial flexibility, increases regulatory and refinancing risk, and limits the firm’s ability to expand the balance sheet in stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability & ROE
Macquarie’s 30% rise in net profit and a ~14% ROE demonstrate durable earnings generation across diversified businesses. Consistent profitability supports internal capital generation for dividends, reinvestment and realizations, enabling sustained deployment into high‑return opportunities.
Read all positive factors
Macquarie Group (MQBKY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.98B
Dividend Yield3.06%
Average Volume (3M)11.71K
Price to Earnings (P/E)18.5
Beta (1Y)1.17
Revenue Growth6.35%
EPS Growth33.56%
CountryUS
Employees21,270
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)12.51
Shares Outstanding381,138,430
10 Day Avg. Volume12,400
30 Day Avg. Volume11,706
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)2.17
Price to Sales (P/S)2.25
P/FCF Ratio-8.74
Enterprise Value/Market Cap2.56
Enterprise Value/Revenue8.05
Enterprise Value/Gross Profit8.25
Enterprise Value/Ebitda24.39
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Macquarie Group Business Overview & Revenue Model
Company Description
Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial ...
How the Company Makes Money
Macquarie primarily makes money through a mix of fee-based income, net interest income, trading and investment income, and performance-related earnings across its operating groups. (1) Asset management and investment products: Macquarie earns mana...
Macquarie Group Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call communicated a robust operating performance across all four operating groups, highlighted by a 30% increase in net profit, double‑digit revenue growth, strong deposit and loan growth, meaningful realizations and rising performance fees. Management also emphasized a strong capital position (capital surplus up to $9.3 billion, CET1 12.8%), disciplined cost control and continued strategic investment in technology and compliance. Offsetting these positives were higher credit and other impairment charges (mostly in H2), increased regulatory capital usage (particularly in CGM), costs associated with remediation and transactional activity, and uncertainty that could moderate client activity and transactional velocity. Overall, the positives—substantial profit and revenue growth, diversified global income, balance sheet strength and continued deployment of capital into high‑return areas—outweigh the contained but notable headwinds and risks identified.Positive Updates
Strong Group Profit & Return on Equity
Net profit after tax of $4.847 billion, up 30% year‑on‑year; return on equity 14%, up ~25% from just over 11% in the prior year.
Negative Updates
Higher Credit Impairment Charges
Credit impairment charge of $478 million for the year, with $461 million booked in the second half, reflecting increased modeled provisions and macroeconomic uncertainty despite resilient actual credit performance.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Group Profit & Return on Equity
Net profit after tax of $4.847 billion, up 30% year‑on‑year; return on equity 14%, up ~25% from just over 11% in the prior year.
Read all positive updates
Company Guidance
Macquarie’s short‑term guidance was group‑specific: Macquarie Asset Management expects base fees broadly in line (excluding the sold NA/EM public investments) with net other operating income up and the Macquarie Air Finance divestment to complete; Banking & Financial Services expects continued growth in loans, funds on platform and deposits while continuing technology investment (home loans ~$181bn, +28%; deposits ~$215–222bn, +25%; funds on platform +1%; 2.3m clients); Macquarie Capital and Commodities & Global Markets expect net operating income broadly in line with FY‑26 (MacCap private credit ~ $27bn earning ~4–4.5%; CGM outlook excludes the FY‑26 OnStream meters realization); at the corporate level management expects compensation and effective tax rates broadly in line, will remain cautious on funding/capital/liquidity (CET1 12.8%; capital surplus $9.3bn, up from $7.6bn H1; ~$30bn term funding raised; weighted average term funding life 4.1 years; loans $253bn, +23%), and the Board declared a H2 dividend of $4.20 (FY $7.00; payout ratio 50% H2, 55% FY).Macquarie Group Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.60B | 6.79B | 6.25B | 19.14B | 16.39B |
| Gross Profit | 20.24B | 6.79B | 6.25B | 6.56B | 6.89B |
| EBITDA | 7.13B | 20.52B | 18.58B | 14.76B | 8.58B |
| Net Income | 4.65B | 3.71B | 3.52B | 5.18B | 4.71B |
Balance Sheet | |||||
| Total Assets | 537.24B | 445.22B | 403.40B | 389.41B | 399.18B |
| Cash, Cash Equivalents and Short-Term Investments | 148.41B | 88.04B | 83.90B | 87.79B | 103.57B |
| Total Debt | 174.37B | 330.19B | 269.21B | 141.79B | 140.47B |
| Total Liabilities | 500.53B | 409.43B | 369.41B | 355.31B | 370.37B |
| Stockholders Equity | 35.91B | 35.36B | 33.48B | 33.16B | 28.56B |
Cash Flow | |||||
| Free Cash Flow | -8.91B | 5.27B | -6.05B | -12.20B | 9.57B |
| Operating Cash Flow | -8.34B | 6.33B | -4.09B | -11.38B | 10.55B |
| Investing Cash Flow | -48.14B | -2.34B | -3.88B | -1.23B | -31.13B |
| Financing Cash Flow | 66.17B | -1.94B | -2.99B | 450.00M | 72.19B |
Macquarie Group Technical Analysis
Neutral
139.79
Price Trends
164.16
Positive
154.43
Positive
146.40
Positive
Market Momentum
1.17
Positive
49.98
Neutral
63.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MQBKY, the sentiment is Neutral. The current price of 139.79 is below the 20-day moving average (MA) of 171.15, below the 50-day MA of 164.16, and below the 200-day MA of 146.40, indicating a neutral trend. The MACD of 1.17 indicates Positive momentum. The RSI at 49.98 is Neutral, neither overbought nor oversold. The STOCH value of 63.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MQBKY.
Macquarie Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $38.78B | 36.22 | 19.89% | 0.46% | 12.92% | 28.20% | |
74 Outperform | $29.33B | 13.83 | 17.21% | 1.26% | 5.83% | 1.44% | |
73 Outperform | $344.27B | 18.31 | 16.38% | 2.14% | 16.32% | 29.43% | |
70 Outperform | $153.04B | 16.46 | 19.08% | 1.07% | 8.11% | 53.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $60.98B | 18.52 | 13.72% | 3.06% | 6.35% | 33.56% | |
64 Neutral | $322.33B | 17.46 | 14.58% | 1.55% | 2.63% | 26.98% |
* Financial Sector Average
MQBKY
Macquarie Group
167.41
29.31
21.22%
IBKR
Interactive Brokers
84.40
31.69
60.11%
MS
Morgan Stanley
211.93
83.22
64.65%
RJF
Raymond James Financial
151.45
6.63
4.58%
SCHW
Charles Schwab
88.84
1.70
1.95%
GS
Goldman Sachs Group
1,038.68
436.80
72.57%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.