Computershare
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Computershare (CPU) investor relations material

Computershare H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary10 Feb, 2026

Executive summary

  • EBIT excluding margin income (MI) rose 12% year-over-year, with margin expanding to 16% and management EPS up 3.9% to 67.9cps.

  • Revenue rose 5.4% year-over-year to $1,579.4 million, driven by higher core fees and event/transactional revenue.

  • Interim dividend increased 22% to AU 55cps, reflecting strong cash generation and capital light business model.

  • Full-year management EPS guidance upgraded to $1.44 per share, up 6% over the prior period.

  • Sale of UK Mortgage Services business completed, aligning with a strategic focus on core business lines.

Financial highlights

  • Total revenue for 1H26 was $1,565.9m, up 3.9% year-over-year; operating costs increased 6.4%.

  • Margin income declined 5.4% to $372.9m, but proved resilient despite lower rates and was supported by higher balances.

  • Event and transaction revenues up nearly 13%; employee share plan transaction volumes and revenues grew 5%.

  • Corporate actions and corporate trust revenues up over 12%, driven by strong issuance and market activity.

  • Operating cash flows decreased by $17.3 million to $336.9 million, mainly due to timing of payments and working capital movements.

Outlook and guidance

  • FY26 management EPS expected at $1.44 per share, up 6% year-over-year, with MI forecasted at $730m.

  • EBIT ex MI margin target of 20% by FY28, with 19% expected in FY27 and full year margin expected to exceed 18%.

  • Dividend payout ratio expected to remain in the low- to mid-50% range.

  • Group tax rate expected between 24%-25%.

  • Focus on three core business lines post-divestment: Issuer Services, Employee Share Plans, and Corporate Trust.

Explain management adjustment items increase
UK MS disposal: strategic rationale?
Issuer Services EBIT decline drivers?
Tokenized equities investment plan?
What drives the 20% EBIT ex MI margin target?
Future BAU OpEx growth post cost-out programs?
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H2 202611 Aug, 2026
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Frequently asked questions

Computershare Limited is an Australia-based company that provides share registry, corporate trust, and financial services. The company offers services in equity administration, proxy solicitation, stakeholder communications, and transaction processing for public and private companies. Computershare Limited is headquartered in Melbourne, Australia, and its shares are listed on the ASX.

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