Macquarie Group (ASX:MQG) Tax Rate %: 25.46% (As of Mar. 2026)

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ASX:MQG Macquarie Group Ltd ASX:MQG
74 GF Score
Price A$254.95
GF Value A$343.88
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Macquarie Group Tax Rate %?

Macquarie Group ASX:MQG -0.59% 74 Tax Rate % is 25.46% as of Mar. 2026. GuruFocus rates ASX:MQG with a GF Score™ of 74/100 and a GF Value™ of A$343.88 (Modestly Undervalued). The stock has 10 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Macquarie Group's Tax Expense for the six months ended in Mar. 2026 was A$1,089 Mil. Macquarie Group's Pre-Tax Income for the six months ended in Mar. 2026 was A$4,277 Mil. Therefore, Macquarie Group's Tax Rate % for the quarter that ended in Mar. 2026 was 25.46%.

Macquarie Group Tax Rate % Related Terms

Macquarie Group Tax Rate % Historical Data

* Premium members only.

The historical data trend for Macquarie Group's Tax Rate % 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 Tax Rate % Chart

Macquarie Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.25 26.09 26.75 26.16 27.64

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
Tax Rate % 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 24.83 29.87 23.10 31.44 25.46
ASX:MQG
74GF Score
Macquarie Group Ltd ASX:MQG
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Macquarie Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Macquarie Group's Tax Rate % for the fiscal year that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=1860/6729
=27.64 %

Macquarie Group's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1089/4277
=25.46 %

* 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 Tax Rate % →
What does a Tax Rate % of 25.46% mean?
Macquarie Group (ASX:MQG) has a Tax Rate % of 25.46% as of Mar. 2026.
Is Macquarie Group's Tax Rate % too high?
Macquarie Group's current Tax Rate % is 25.46%. Overall, Macquarie Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macquarie Group's Tax Rate % compare to MS and GS?
Macquarie Group's Tax Rate % of 25.46% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Capital Markets company?
A good Tax Rate % depends on the Capital Markets industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Macquarie Group's current Tax Rate % is 25.46%. 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$343.88, compared to a current price of A$254.95 — trading 25.9% below its estimated fair value. The current Tax Rate % is 25.46%. Macquarie Group's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Macquarie Group (ASX:MQG), the current Tax Rate % is 25.46% 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$254.95 is trading 25.9% below its estimated GF Value™ of A$343.88. GuruFocus considers Macquarie Group to be Modestly Undervalued.

Key valuation signals for ASX:MQG:

  • Tax Rate %: 25.46%
  • GF Value™: A$343.88 vs. price of A$254.95 (25.9% below fair value)
  • GF Score™: 74/100 with 10 warning signs

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.
74GF Score

Get the complete analysis for ASX:MQG

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$254.95
Price
A$343.88
GF Value