Banco Macro (ADR)
Provides banking services to households and smaller businesses across Argentina.
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Profile
Offers banking services to lower- and middle-income individuals and smaller businesses in Argentina. Its acquisition-led expansion produced a nationwide retail network, and its NYSE-listed ADS represents Class B shares.
Provides deposit, lending and other banking services to lower- and middle-income individuals and small and mid-sized businesses through a universal-bank model. The business moved from wholesale banking into retail banking and built its branch network through acquisitions and subsequent mergers of Argentine banks.
Operates a nationwide Argentine branch network, making the country both its operating market and a geographic concentration. Its New York-traded ADS represents ten Class B shares. The recent integration of Banco Itaú Argentina added banking, asset-management and securities operations, while the business remains shaped by Argentine banking operations.
Company facts
Categories
Key statistics
Year to date −14.5% · Average volume (30d) 307.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 5, 2026 | HSBC | Upgrade | Hold | Buy | ||
| May 4, 2026 | HSBC | Target | $80 | $85 | ||
| Nov 19, 2025 | UBS | Target | $130 | |||
| Nov 3, 2025 | Citigroup | Upgrade | Neutral | Buy | ||
| Oct 22, 2025 | Banco Santander | Target | $78 | $79 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q2 FY26 | $1.59 | $2.29 | +44.0% | $946.5M | $862.1M | −8.9% | −3.12% |
| May 27, 2026Q1 FY26 | $1.42 | $1.73 | +21.8% | $837.8M | $1.23B | +47.0% | +2.98% |
| Feb 25, 2026Q4 FY25 | $1.38 | $1.98 | +43.5% | $758.9M | $898.2M | +18.4% | −8.29% |
| Nov 26, 2025Q3 FY25 | $0.67 | −$0.39 | −158.2% | $731.8M | $1.01B | +38.2% | +4.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $747.0M | $940.4M | $962.2M | $800.8K | $1.27B | $1.17B | |
| Gross profit | $510.3M | $610.0M | $504.1M | $401.4K | $777.4M | $735.2M | |
| Operating income | $53.5M | $163.6M | −$25.4M | $92.5K | $141.8M | $229.7M | |
| Net income | $29.9M | $99.5M | −$22.1M | $76.9M | $93.5M | $146.1M | |
| Diluted EPS | $0.47 | $1.56 | −$0.35 | $1.20 | $1.46 | $2.29 | |
| Gross margin | 68.3% | 64.9% | 52.4% | 50.1% | 61.1% | 63.1% | |
| Operating margin | 7.2% | 17.4% | -2.6% | 11.5% | 11.2% | 19.7% |
Fiscal years (4-quarter sums)FY21 $187.4M · FY22 $602.6M · FY23 $5.06B · FY24 $4.74B · FY25 $2.65B
Balance sheet, Jun 30, 2026Cash & short-term investments $2.22B · Total debt $1.15B · Total assets $17.32B · Shareholders' equity $4.23B
Dividends
Last cut to $0.5096 from $0.5296 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 14 | $0.5096 | cut from $0.5296 |
| Jun 2, 2026 | Jun 2 | Jun 10 | $0.5296 | cut from $0.5451 |
| May 18, 2026 | May 18 | May 29 | $0.5451 | raised from $0.3486 |
| Apr 20, 2026 | Apr 20 | Apr 27 | $0.4074 | special dividend |
| Mar 20, 2026 | Mar 20 | Mar 27 | $0.4007 | special dividend |
| Feb 19, 2026 | Feb 19 | Feb 26 | $0.3822 | special dividend |
| Jan 22, 2026 | Jan 22 | Jan 29 | $0.3557 | special dividend |
| Dec 16, 2025 | Dec 16 | Dec 23 | $0.3585 | special dividend |
Ownership
Shares outstanding 63.94M · Float 62.81M · 98.2% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 752.7K | 1.18% | 13F | May 13, 2026 |
| Pointstate Capital LP | 710.5K | 1.11% | 13F | May 15, 2026 |
| Samlyn Capital, LLC | 546.5K | 0.85% | 13F | May 15, 2026 |
| Aquamarine Financial (Cayman) Ltd | 532.5K | 0.83% | 13F | May 15, 2026 |
| Turim 21 Investimentos Ltda. | 528.5K | 0.83% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Grupo Financiero Galicia (ADR)
Large Argentine financial-services platform across retail and business banking
- Banco Santander (ADR)
Argentina private-bank overlap through Banco Santander Argentina
- BBVA Argentina (ADR)
Universal Argentine bank serving retail and commercial customers
- Grupo Supervielle (ADR)
Nationwide Argentine universal financial-services group
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banco Macro (ADR) | $76.05 | +0.14% | $4.86B | 16.5 | 9.1 | 1.1 | −24.2% |
| Grupo Financiero Galicia (ADR) | $42.24 | +0.04% | $6.78B | 76.9 | 8.4 | 0.9 | −39.1% |
| Banco Santander (ADR) | $14.74 | +0.51% | $215.33B | 12.3 | 10.6 | 2.7 | +6.2% |
| BBVA Argentina (ADR) | $14.47 | −0.10% | $2.96B | 19.9 | 6.7 | 0.8 | −36.5% |
| Grupo Supervielle (ADR) | $8.31 | 0.00% | $727.5M | — | 8.5 | 0.6 | −38.0% |
| Median | 19.9 | 8.5 | 0.8 | −37.2% |