Macquarie’s full-year results, announced today (May 6), brought yet another set of records: highest ever net profit, at A$4.7 billion ($3.3 billion), up 56% on financial 2021, which was itself a record; and 53 consecutive years of unbroken profitability since inception.
It is an outstanding group performance. But one of the more important numbers was that almost half – 48% – of net profit came from the Americas. All told, overseas income accounts for 75% of Macquarie’s total; Australia is now just a quarter.
All of these are records and it is easy to forget how recently the dynamic has shifted.
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