The Macquarie Group Ltd (ASX: MQG) share price is up close to 1% today after the global investment bank revealed its FY26 third quarter performance.
Macquarie is a global investment bank with multiple divisions. It has a global presence in its divisions, particularly Macquarie Asset Management (MAM) and commodities and global markets (CGM).
FY26 third-quarter update
The business has a financial year that ends 31 March 2026, so its performance for the period to 31 December 2025 is its FY26 third-quarter.
The Macquarie CEO and Managing Director Shemara Wikramanayake said that trading conditions were “satisfactory”:
Macquarie said that the MAM net profit contribution was up “substantially” thanks to the gain on the sale on the divestment of the North American and European public investments business. It had assets under management (AUM) of A$736.1 billion at 31 December 2025, up 3% from 30 September 2025.
The banking and financial services (BFS) segment – which includes the rapidly growing Macquarie Bank – saw its net profit contribution increase slightly. There was strong volume growth in the loan portfolio and deposits, partially offset by lower margins because of competition and changes in the portfolio mix. BFS deposits rose 6% from 30 September 2025 to $204.5 billion, while the home loan portfolio soared 7% from 30 September 2025 to $172.2 billion.
CGM net profit increased “substantially” year on year, with higher income across asset finance, partially offset by higher operating expenses.
Macquarie Capital net profit grew “substantially”, thanks to higher investment-related income from asset sales and the private credit portfolio, partially offset by lower fee and commission income.
Macquarie said that its balance sheet had a common equity tier (CET1) capital ratio of 12.4%, which is stronger than many other ASX bank shares.
Management commentary
Wikramanayake said:
Macquarie remains well-positioned to deliver superior performance in the medium term with established, diverse income streams; deep expertise across diverse sectors in major markets with structural growth tailwinds; patient adjacent growth across new products and new markets; ongoing investment in our operating platform; a strong and conservative balance sheet; and a proven risk management framework and culture.
Final thoughts on the Macquarie share price
The business has been steadily climbing since 19 November 2025 as it recovered from a decline.
It’s good to see the company is seeing rising profit across the board, which suggests a positive outcome for FY26.
The banking business continues growing at a rapid pace. It could soon become a ‘big 5’ of major banks, not just the four major ones.
I think Macquarie is one to watch in the banking sector as it continues to grow in multiple ways locally and globally.
