Macquarie Group (ASX:MQG) Dividend Payout Ratio: 0.32 (As of Mar. 2026) — 46% Below Median


ASX:MQG Macquarie Group Ltd ASX:MQG
77 GF Score
Price A$247.18
GF Value A$314.38
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Macquarie Group Dividend Payout Ratio?

Macquarie Group ASX:MQG -1.24% 77 Dividend Payout Ratio is 0.32 as of Mar. 2026, which is 46% below its 10-year median of 0.59. GuruFocus rates ASX:MQG with a GF Score™ of 77/100 and a GF Value™ of A$314.38 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 327 Capital Markets companies, Macquarie Group ranks worse than 65.14% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Macquarie Group's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.32.

The historical rank and industry rank for Macquarie Group's Dividend Payout Ratio or its related term are showing as below:

ASX:MQG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.59   Max: 0.81
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of Macquarie Group was 0.81. The lowest was 0.37. And the median was 0.59.

ASX:MQG's Dividend Payout Ratio is ranked worse than
65.14% of 327 companies
in the Capital Markets industry
Industry Median: 0.34 vs ASX:MQG: 0.51

As of today (2026-07-02), the Dividend Yield % of Macquarie Group is 2.80%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Macquarie Group was 7.24%. The lowest was 1.49%. And the median was 3.78%.

Macquarie Group's Dividends per Share for the months ended in Mar. 2026 was A$2.80.

During the past 12 months, Macquarie Group's average Dividends Per Share Growth Rate was 3.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Macquarie Group was 58.70% per year. The lowest was -21.80% per year. And the median was 12.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Macquarie Group (ASX:MQG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Macquarie Group Dividend Payout Ratio Related Terms

Macquarie Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Macquarie Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Macquarie Group Dividend Payout Ratio Chart

Macquarie Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.49 0.81 0.65 0.51

Macquarie Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.87 0.47 0.89 0.32

ASX:MQG vs MS, GS, SCHW: Dividend Payout Ratio Comparison

For the Capital Markets subindustry, Macquarie Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Macquarie Group Dividend Payout Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Macquarie Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Macquarie Group's Dividend Payout Ratio falls into.


ASX:MQG
77GF Score
Macquarie Group Ltd ASX:MQG
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macquarie Group Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Macquarie Group's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=6.7/ 13.104
=0.51

Macquarie Group's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=2.8/ 8.741
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.32 mean?
Macquarie Group (ASX:MQG) has a Dividend Payout Ratio of 0.32 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Macquarie Group and its competitors. This is 46% below median its historical median of 0.59. Over the past decade, Macquarie Group's Dividend Payout Ratio has ranged from 0.37 to 0.81. According to the industry distribution chart, Macquarie Group ranks #213 out of 327 companies in the Capital Markets industry, placing it in the top 65.1%.
Is Macquarie Group's Dividend Payout Ratio too high?
Macquarie Group's current Dividend Payout Ratio of 0.32 is 46% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.81. The Capital Markets industry median Dividend Payout Ratio is 0.34. Macquarie Group's value of 0.32 is 5.9% below this industry median. Based on the distribution chart, Macquarie Group ranks #213 out of 327 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Macquarie Group has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macquarie Group's Dividend Payout Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Macquarie Group ranks #213 out of 327 companies for Dividend Payout Ratio. This places Macquarie Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.34. Macquarie Group's value of 0.32 is 5.9% below this benchmark. Historically, Macquarie Group's own Dividend Payout Ratio has ranged from 0.37 to 0.81 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.34, Macquarie Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Capital Markets company?
The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Macquarie Group's current Dividend Payout Ratio of 0.32 is 5.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Macquarie Group and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macquarie Group's current Dividend Payout Ratio is 0.32, which is 46% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macquarie Group stock overvalued right now?
Based on GuruFocus' analysis, Macquarie Group (ASX:MQG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$314.38, compared to a current price of A$247.18 — trading 21.4% below its estimated fair value. The current Dividend Payout Ratio is 0.32, which is 46% below median its 10-year median of 0.59 and 5.9% below the Capital Markets industry median of 0.34. Macquarie Group's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Macquarie Group (ASX:MQG), the current Dividend Payout Ratio is 0.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Macquarie Group (ASX:MQG) Overvalued in 2026?

Based on GuruFocus' analysis, Macquarie Group stock appears to be undervalued. The current stock price of A$247.18 is trading 21.4% below its estimated GF Value™ of A$314.38. GuruFocus considers Macquarie Group to be Modestly Undervalued.

Key valuation signals for ASX:MQG:

  • Dividend Payout Ratio: 0.32 (46% below median its 10-year median of 0.59)
  • GF Value™: A$314.38 vs. price of A$247.18 (21.4% below fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 5.9% below the Capital Markets median (#213 of 327)

No single metric tells the full story. See the ASX:MQG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Macquarie Group Business Description

Address 1 Elizabeth Street, Level 1, Sydney, NSW, AUS, 2000
Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.
77GF Score

Get the complete analysis for ASX:MQG

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$247.18
Price
A$314.38
GF Value