Netwealth stock heads toward October update after FY26 growth

Published on 10/07/2026 at 01:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netwealth stock was last at AUD 16.86 on October 7, 2026, while FY26 total income reached AUD 391.1 million. The next trading update is set for October 15.

Netwealth, AU000000NWL7, Illustration mit AI erstellt.

Netwealth stock was last at AUD 16.86 on the ASX on October 7, 2026, down 0.53 percent during the session. The shareholder calendar places the September quarter trading update on October 15, 2026, giving the market its next scheduled checkpoint after a year of double-digit growth, according to Netwealth.

FY26 income climbed 20.6 percent

Netwealth reported FY26 total income of AUD 391.1 million, up 20.6 percent from the prior year, while adjusted net profit after tax rose 16.2 percent to AUD 135.4 million. Kapitales Research reported that the figures came from the FY26 annual report dated August 26, 2026.

The operating base also expanded: funds under administration increased 20.3 percent to AUD 135.7 billion, while platform revenue grew 21.0 percent to AUD 382.9 million. Those figures show that the earnings story was tied to platform scale rather than a single isolated income item.

Flows set the next test

Management's FY27 guidance calls for funds-under-administration net flows of AUD 18 billion to AUD 20 billion. Bell Potter's first-quarter forecast was AUD 3.2 billion, below the AUD 3.5 billion consensus cited by Motley Fool Australia on October 2, 2026. The contrast matters because Netwealth can report higher earnings while market conditions make the flow target harder to reach.

Bell Potter retained its Buy rating but reduced its price target from AUD 30.00 to AUD 25.00. Against the October 2 reference price of AUD 16.69 cited in the report, the new target stood AUD 8.31 higher, while the current quote is AUD 0.17 above that earlier reference.

Netwealth stock sits near its yearly low

The October 7 quote puts Netwealth stock at AUD 16.86, with a session range of AUD 16.86 to AUD 16.99 and volume of 7,052 shares. Its 52-week range is AUD 16.35 to AUD 33.62, so the latest price is AUD 0.51 above the low and AUD 16.76 below the high.

Market capitalization was AUD 4.1 billion as of October 7, 2026. The combination of FY26 income growth and a share price near the 52-week low leaves the October update focused on whether platform flows can support the next phase of expansion.