The Macquarie Group Ltd (ASX: MQG) share price is charging higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) diversified financial stock closed on Thursday trading for $195.89. In morning trade on Friday, shares are changing hands for $202.08 apiece, up 3.2%.
For some context, the ASX 200 is down 0.1% at this same time.
This follows the release of Macquarie's fully year FY 2025 results.
Here are the highlights.
Investors are bidding up the Macquarie share price after the company reported a net profit for the 12 months to 31 March of $3.72 billion. That's up 5% year on year and slightly higher than consensus analyst estimates surveyed by Bloomberg.
Net operating income of $17.21 billion was up 2% on FY 2024, while operating expenses of $12.14 billion were broadly flat.
Management noted that over the year, international income represented 66% of Macquarie's total income.
Assets under management as at 31 March stood at $941 billion. That's just about flat year on year, though up 3% since 30 September. The company said the movement was mostly driven by increased fund investments and net asset valuations, which were offset by asset divestments and outflows in equity strategies.
And investors can take some comfort in the company's financial position, which Macquarie noted "comfortably exceeds regulatory minimum requirements".
Macquarie's group capital surplus stood at $9.5 billion at the end of its financial year. And the company reported a Common Equity Tier 1 (CET1) ratio of 12.8%.
Return on equity (ROE) also improved from FY 2024, up to 11.2%, compared to 10.8% last year.
November saw the board approve an extension of the on-market share buyback of up to $2.0 billion for a further 12 months. As at 8 May, a total of $1.013 billion shares had been acquired on-market at an average price of $189.80 per share.
On the passive income front, the Macquarie share price could be getting some support with the company declaring a final dividend of $3.90 a share, 35% franked, in line with the FY 2024 final dividend. That brings the full-year payout to $6.50 a share, which represents an FY 2025 payout ratio of 67%.
If you're looking to bank the final Macquarie dividend, you'll need to own shares at market close on Friday 16 May. The ASX 200 financial stock trades ex-dividend on Monday, 19 May. You can then expect that passive income to land in your bank account on 2 July.
Commenting on the results helping boost the Macquarie share price today, CEO Shemara Wikramanayake said:
Against a backdrop of ongoing market and economic uncertainty, Macquarie's client franchises remained resilient over the past year, delivering new business origination and underlying income growth, contributing to our history of unbroken profitability.
Macquarie did not provide specific guidance. But looking to what's ahead, Wikramanayake added:
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.
With today's intraday gains factored in, the Macquarie share price is up 5.4% in a year, not including dividends.
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