Macquarie Shares Plunge After Disappointing Half-Year Result

Macquarie Group saw its sharpest intraday share decline since April after releasing half-year results that failed to meet analyst expectations. The fall was mainly driven by weaker earnings in the company’s commodities division.

By midday, Macquarie’s stock had fallen 6.7 percent to $202.56, close to an intraday low of $202.37. This represents the steepest drop since April 4, when shares slid 9 percent amid broader market volatility following tariff announcements.

Financial Performance Overview

Despite the downturn, Macquarie reported a net profit of about $1.7 billion, supported by performance fees from its asset management business. However, this result missed market forecasts.

Expected first-half profit: $1.86 billion
Reported first-half profit: $1.7 billion
Expected interim dividend: $3.09
Earnings per share (EPS): $4.37, 10.9% below estimates

UBS analyst John Storey noted that the result was 10.4 percent below consensus expectations.

About Macquarie Group

Macquarie is a global diversified financial services provider offering asset management, banking, financing, advisory, and risk and capital solutions across debt, equity, and commodities markets. The group maintains a strong presence in Australia while operating internationally.

Author’s Summary

Macquarie shares sharply declined after underwhelming half-year results, with weaker commodity earnings and missed profit forecasts weighing on investor confidence.

ShareCafe — 2025-11-07