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EarningsQ2 2026 Earnings Report
AU:CPU Q2 2026 EPS Results
Actual EPSAU$0.96
Consensus EPSAU$0.95
Beat/MissBeat by +AU$0.01
One Year Ago EPSAU$0.68
AU:CPU Q2 2026 Revenue Results
Actual RevenueAU$2.38B
Expected RevenueAU$2.15B
Beat/MissBeat by +AU$231.28M
YoY Revenue Growth+6.78%
Earnings Announcement Details
QuarterQ2 2026
Date02/10/2026
TimeBefore Open
Conference CallTuesday, February 10, 2026
AU:CPU Upcoming Earnings
Computershare Limited's next earnings date is estimated for February 16, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AU:CPU Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial picture: strong underlying EBIT ex MI growth (+12%), expanded margins (16% excl. MI) and resilient margin income despite large rate falls, supported an upgrade to FY26 EPS guidance and a 22% interim dividend rise. Balance-sheet metrics (ROIC >36%, net leverage 0.3x) and momentum across Issuer Services, Corporate Trust and Employee Share Plans reinforced confidence. However, notable headwinds remain — M&A and corporate actions have not fully recovered, there are one-off investment costs and timing delays in cost-out programs, and the U.K. mortgage services divestment tempers near-term EBIT contribution. On balance, the positives (margin expansion, guidance upgrade, resilient MI, strong returns and dividend) outweigh the operational and timing challenges.Company Guidance
Underlying EBIT Growth
EBIT ex MI (underlying business) increased 12% in 1H FY26, with margins excluding margin income expanding to 16% and management guidance targeting ~19% in FY27 and ~20% by FY28.
Resilient Margin Income
Margin income fell only 5% in the half despite U.S. cash rates being down over 17% year-on-year; FY26 margin income guidance upgraded to ~$730m (from $720m), based on average balances of $30.8bn and a projected yield of 2.37%.
Event & Transactional Revenue Strength
Event and transactional revenues rose almost 13% year-on-year, supported by growing employee share plan transaction volumes and increased corporate action activity in key markets.
Employee Share Plans Momentum
Employee share plans revenue increased ~5% in the half; assets/units under administration grew materially (AUA up ~25% YoY in 1H26 vs 1H25 and unit issuance in Europe up >20%), underpinning recurring fee growth.
Issuer Services & IPO Strength (Hong Kong)
Issuer Services delivered the fastest revenue growth across the group: registered maintenance revenues improved >4% and corporate actions revenue rose >12%; Hong Kong IPO activity and market share gains were notable, with retail participation for some IPOs rising >400%.
Corporate Trust Recovery and Fee Growth
Corporate Trust fee revenue grew >12%, driven by higher issuance volumes across structured products, RMBS, ABS and CMBS, contributing to stronger client balances.
Improved Capital & Returns Metrics
Management EPS upgraded to $1.44 for FY26 (expected +6% vs PCP); 1H management EPS was $0.679; ROIC above 36%; net leverage reduced to 0.3x; interim dividend increased to AUD 0.55 per share (up 22%).
Interest Rate Hedge & Lower Funding Cost Benefits
Natural interest-rate hedge, higher client balances and lower group debt costs limited net negative rate impact to ~$8m (≈1.5% of PBT) in 1H; lower interest expense delivered ~$14m benefit in the half and interest expense guidance reduced in FY26 bridge.
AU:CPU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed