EarningsQ2 2026 Earnings Report
MX:ANZN Q2 2026 EPS Results
Actual EPS$15.15
Consensus EPS$14.79
Beat/MissBeat by +$0.36
One Year Ago EPS$13.02
MX:ANZN Q2 2026 Revenue Results
Actual Revenue$360.00B
Expected Revenue$68.44B
Beat/MissBeat by +$291.55B
YoY Revenue Growth-6.60%
Earnings Announcement Details
QuarterQ2 2026
Date04/30/2026
TimeAfter Close
Conference CallThursday, April 30, 2026
MX:ANZN Upcoming Earnings
Australia & New Zealand Banking's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ANZN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantial progress on cost reduction, capital strength, improved returns and disciplined portfolio management while acknowledging revenue stagnation in the half, ongoing provisioning for geopolitical uncertainty, and the execution risk associated with major integration and replatforming programs. Management presented concrete metrics showing stronger profitability, upgraded productivity targets and maintained dividends, but also noted persistent customer experience/NPS weaknesses and pockets of below-system lending performance. Overall the results portray a bank in active transformation with material near-term achievements and some execution and macro-related risks to monitor.Company Guidance
Improved Returns
Return on tangible equity rose to 11.6%, an improvement of 161 basis points vs prior half, reflecting stronger profitability and early benefits of the ANZ 2030 transformation.
Stronger Capital Position
Common Equity Tier 1 (CET1) increased to 12.39% (up 36 basis points from September), providing headroom for dividends and strategic actions.
Cost and Productivity Gains
Operating costs fell ~9% half-on-half (8% on constant currency); cost-to-income improved to 49.4% from 54.6% (down ~519 basis points). First-half productivity delivered ~$392m; FY26 productivity target upgraded to $875m (from $800m).
Solid cash profit and shareholder returns
Group cash profit after tax of $3.8bn; cash profit excl. significant items up ~14% and profit before provisions up ~12% half-on-half. Total shareholder return was 10.7% in the half. Interim dividend maintained at $0.83 per share and franking increased to 75% (from 70%); DRP will be neutralized (no discount).
Deposit and Balance Sheet Growth
Ex-markets customer deposits grew by $11bn in the half (≈ $20bn on a constant currency basis). Save and transact deposits increased ~$16bn (constant currency), improving funding mix and adding 2 bps to NIM via asset/funding mix.
Lending and Markets Performance
Customer loans and advances rose ~$16bn (constant currency); Australia home lending grew ~$5bn in the half with home-lending momentum improving to ~0.85x system in March and expected to be around system in April/H2. Markets income of $1.1bn was up 8% (72% of markets income generated outside Australia), with FX, rates and commodities contributing.
Portfolio Quality and Coverage
Individual provision annualized loss rate of 4 basis points (stable for 3 consecutive halves; well below long-run 11 bps). Collective provision balance increased to $4.45bn, lifting coverage to 1.22% (up 4 bps), and collective provisions are ~13x individual provisions taken in FY25 (20x since FY23 on average).
Execution of strategic programs (Suncorp migration & single front end)
Suncorp Bank migration 34% complete (plan: 57% by end FY26; target completion June 2027). Single customer front end 13% complete (plan: 45% by end FY26; target delivery September 2027) — regular quarterly progress reporting committed.
Private Bank & New Zealand Strengths
Private Bank deposits +6%, FUM +8%, lending +17% and 4 Euromoney awards (including Australia’s Best Private Bank). ANZ New Zealand remains #1 with 2.7m customers; personal MFI 33.3% and business MFI 31.6%; NZ save & transact deposits +4%.
MX:ANZN 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