Magellan Financial Group Ltd

MFG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Magellan Earnings: Barrenjoey to Reverse Decline in Performance but Market Expecting a Lot More

Shaun Ler

Aug 27, 2026

Magellan's underlying net profit after tax fell 47% in fiscal 2026. Management fees fell 13% from lower funds under management and fee compression. FUM declined 7%. Management fee margins reduced to 0.52% of FUM from 0.61% last year, as the mix shifted toward lower-margin institutional FUM.

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Magellan Financial Group Ltd

Magellan Earnings: Barrenjoey to Reverse Decline in Performance but Market Expecting a Lot More

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