Medibank Private logo
MPL

Medibank Private

Insurance

Medibank Private (ASX: MPL) is an Australian health company whose core business is underwriting and distributing private health insurance, complemented by health services and adjacent insurance offerings (including pet and travel insurance). It is one of Australia’s largest private health insurers, with scale in policyholder membership, brand recognition, and a broad distribution footprint across direct and partner channels. The group’s value proposition centres on integrated health management, preventative health programs and digital servicing aimed at improving member outcomes while managing claims costs.

Short position

short percentage3.73%
reported shorts102.7M
shares on issue2.754B

Medibank Private (ASX:MPL) has 3.73% of its shares on issue reported as short positions as of 5 Oct 2026, or about 102,719,790 shares. Over the past 30 days that figure has risen 0.56 percentage points, and over 90 days it has risen 0.43 percentage points. Its highest recorded short interest was 3.93% in June 2026. MPL is classified in the Insurance industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Medibank Private (MPL) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$9.34Bvs $8.55B (FY25)
Yahoo Finance, as at 29 Sep 2026
NPAT
$638.7Mvs $500.8M (FY25)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
$0.23vs $0.18 (FY25)
Yahoo Finance, as at 29 Sep 2026
Rev YoY
+9.3%FY
EPS YoY
+27.5%FY

Summary of Annual Report 2026, 16 Sep 2026

Medibank reported a strong FY26 result with Group underlying net profit after tax of $636.8 million. The Board declared a fully franked final ordinary dividend of 10.9 cents per share, bringing the total FY26 dividend to 19.2 cents per share, up 6.7% on FY25. Group operating profit rose 6.7% to $813.5 million, driven by solid resident health insurance growth and disciplined cost management.

Automated summary of the filing; the filing itself is the record.

Key ratios

Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026

Gross margin
n/m
Operating margin
n/m
Net margin
6.8%
FCF margin
n/m
ROE
26.8%
ROA
13.5%
FCF conversion
n/m
Net debt (excl. leases)
n/m
Net debt / EBITDA
n/m
Current ratio
n/m
Interest cover
n/m
Cash dividends paid / net profit
80.9%
Market cap
$12.78B
P/E
20.0×
P/B
5.3×

n/m: not meaningful for banks, insurers and other financials.

Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

MPL income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$9.34B$8.55B$8.02B$7.50B
EBIT$931.4M$739.8M$717.1M$728.9M
Interest expense$3.5M$11.0M$5.4M$1.8M
Pretax income$927.9M$728.8M$711.7M$727.1M
Tax$281.6M$219.5M$215.3M$216.0M
NPAT$638.7M$500.8M$492.5M$511.1M
Net interest income−$3.5M−$11.0M−$5.4M−$1.8M
EPS basic$0.23$0.18$0.18$0.19
EPS diluted$0.23$0.18$0.18$0.19
Shares2.75B2.75B2.75B2.75B