Macquarie's business is diversified—part asset manager, part retail bank, part commodities trader, part investment bank. The company 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; and a strong and conservative balance sheet.
Cyborg Score Rationale
Macquarie's financial position comfortably exceeds APRA's Basel III regulatory requirements, with a Group capital surplus of A$7.5 billion, a CET1 capital ratio of 12.4 percent, and strong liquidity metrics including a Liquidity Coverage Ratio of 178 percent. The company's conservative approach to risk management has contributed to its 56 years of unbroken profitability.
Top Insights
Macquarie Asset Management had assets under management of A$736.1 billion at December 31, 2025, up 3 percent, with Public Investments AUM increasing 5 percent to A$314.2 billion driven by inflows in fixed income funds and favourable market movements.
Banking and Financial Services division had total deposits of A$204.5 billion, up 6 percent, with the home loan portfolio expanding 7 percent to A$172.2 billion.
Macquarie Asset Management proposed acquisition of logistics operator Qube Holdings at A$5.20 per share, implying an enterprise value of about A$11.6 billion, with exclusivity ending February 1, 2026.
Macquarie completed the sale of MAM's North American and European public investments business for approximately A$2.8 billion, transferring around A$250 billion in AUM to Nomura.
Named Competitors
Goldman Sachs — Global investment bank and asset manager
Morgan Stanley — Diversified financial services and wealth management
BlackRock — Global asset management leader
Commonwealth Bank — Major Australian retail and business bank
Recent Developments
(February 2026) Q3 FY2026 operational briefing confirms satisfactory trading conditions with MAM AUM up 3 percent and strong deposit growth
(December 2025) Sale of North American and European public investments businesses to Nomura for A$2.8 billion completed
(December 2025) ASIC settlement agreement reached with A$35 million civil penalty relating to short sale transaction reporting
(December 2025) Macquarie Asset Management launched A$11.6 billion acquisition bid for Qube Holdings at A$5.20 per share
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