ANZ Group
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ANZ Group (ANZ) investor relations material

ANZ Group Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary10 Feb, 2026

Executive summary

  • Net profit after tax for 1Q26 reached $1.94 billion, up 75% from the 2H25 quarterly average and 17% year-over-year, reflecting strong operational performance and cost management.

  • Statutory profit for 1Q26 was $1.87 billion, with cash profit at $1.94 billion, up 75% vs 2H25 quarterly average, or 17% excluding significant items.

  • Productivity initiatives under the 2030 strategy drove significant expense reductions and improved revenue.

  • New executive committee in place, with over 60% of 3,500 announced roles exited by end-December 2025.

Financial highlights

  • Operating income increased by 4% compared to the 2H25 quarterly average, while operating expenses declined by 21%, driving a 52% rise in profit before provisions.

  • Cost-to-income ratio improved to 49.5%, down 1,593bps from the prior period.

  • Return on tangible equity rose to 11.7%, up from 6.6% in the previous period.

  • Group net interest margin improved 2bps to 1.56%.

  • Customer deposits grew 5% quarter-over-quarter to $787 billion, and net loans and advances rose 1% to $837 billion.

Outlook and guidance

  • Forward-looking statements highlight ongoing market uncertainties, including global economic conditions, exchange rates, competition, and regulatory changes.

  • Management expects positive impacts from recent regulatory changes, particularly in capital floor adjustments.

  • No change to FY26 cost guidance from FY25 results.

  • Management remains focused on executing the 2030 strategy, including digital transformation and Suncorp Bank integration.

Explain FY26 cost guidance in context of 1Q26
Break down NIM improvement drivers
Quantify share buy-back cessation's capital impact
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Frequently asked questions

ANZ Group Holdings Limited (formerly Australia and New Zealand Banking Group Limited) operates through four divisions: Consumer, Business and Private, and New Zealand. The Consumer segment offers bank accounts, home and personal loans, credit cards and debit cards, investment properties and leasing, partnerships with motor vehicle dealerships (through St George), and fee-free transaction banking accounts for students; insurance products that include income protection insurance; superannuation products; investment plans; savings accounts for children; and car loan retention services. The company was founded in 1835 and is headquartered in Melbourne, Australia.

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