Real Madrid Posts $1.39 Billion Revenue, Record High For Sports Entity

Jul 29, 2026 03:24 PM - 1 day ago 63

Real Madrid’s committee signed disconnected connected the 2025-26 accounts connected July 28, and the numbers put the nine location nary sports statement has been before. Operating revenue, stripped of transportation income, deed €1.221 cardinal ($1.39 billion), up 3.1% connected the twelvemonth and the first clip immoderate sports entity has crossed the €1.2 cardinal ($1.37 billion) line. EBITDA reached €287.4 cardinal ($327.6 million), up 18%, and nett profit aft taxation was €26.3 cardinal ($30 million), up 8%.

That closes a 26th consecutive profitable financial twelvemonth making love backmost to 2000, but perchance the much absorbing number is the creation of it, built connected maturation disconnected the section alternatively than connected it.

Since 2018/19, the past afloat play earlier Real Madrid tore down its stadium and started over, gross has grown 61%, from €757 cardinal ($863 million) to €1.221 cardinal ($1.39 billion). Of that increase, 93% has travel from income the nine controls straight alternatively than income tied to results connected the section aliases convention broadcast deals.

Stadium gross has much than doubled, up 107% to €363 cardinal ($413.8 million), while trading and sponsorship income is up 82% to €539 cardinal ($614.5 million).

Television and world title money, the class astir exposed to really Real Madrid really performs successful the Champions League, grew conscionable 11% complete the aforesaid 7 years, to €319 cardinal ($363.7 million).

In year-on-year position for 2025-26 alone, stadium income roseate 11% and trading roseate 6%, some credited to renewed sponsorship deals and caller partners alternatively than results connected the pitch.

A nine whose gross utilized to plaything pinch knockout rounds and convention position now has a mostly of its maturation coming from an plus it owns outright and a sponsorship book it renews connected its ain schedule.

The Bernabéu, per the club, now generates much than double what it did earlier the renovation. The stadium task itself has costs €1.408 cardinal ($1.6 billion) to date, financed substantially done a €1.108 cardinal ($1.26 billion) drawn indebtedness facility, and Madrid describes the rebuild arsenic “practically finished” aft respective years of playing location games astir scaffolding and reduced capacity successful sections.

Where this sits against the market

Deloitte’s Football Money League, which tracks calendar-year alternatively than nine financial-year figures, had Real Madrid astatine €1.161 cardinal ($1.32 billion) for 2025, up of Barcelona’s €974.8 cardinal ($1.11 billion), Bayern Munich’s €860.6 cardinal ($981 million), PSG’s €837 cardinal ($954.2 million) and Liverpool’s €836.1 cardinal ($953.2 million).

Real Madrid has now topped that database for 3 consecutive editions and is the only nine to person cleared the billion-euro people successful consecutive years.

The inclination underneath that ranking is worthy flagging. Barcelona jumped 27% twelvemonth complete twelvemonth mostly disconnected one-off income from Seat Licence income tied to the Camp Nou rebuild, the aforesaid system Real Madrid utilized astir its ain stadium task a fewer years earlier.

Manchester City’s gross was level and Manchester United grew only 3%, continuing a tally successful which nary Premier League nine has vanished successful the Money League’s apical 4 for the first clip successful the ranking’s 29-year history.

Continental clubs mid-stadium renewal aliases post-stadium renovation, Real Madrid and Barcelona specifically, are pulling distant from the Premier League names that utilized to specify the apical of the database connected broadcast income alone.

Spending subject alongside the growth

Squad costs (wages positive amortization) person risen 37% since 2018-19, to €618 cardinal ($704.5 million), slower than the 61% gross maturation complete the aforesaid period, and Madrid says that keeps unit costs astatine 46% of revenue, nether the 50% period the nine treats arsenic its ceiling.

€161 cardinal ($183.5 million) went into subordinate signings successful 2025-26 alone, and the nine says it intends to support spending into 2026-27 crossed some shot and basketball, and a further €192 cardinal ($218.9 million) went into accommodation and exertion level finance for the year.

Net financial position stays conservative: €624 cardinal ($711.4 million) successful equity, €83 cardinal ($94.6 million) successful cash, €9 cardinal ($10.3 million) successful nett indebtedness excluding the stadium project, and a debt-to-EBITDA ratio the nine rounds to zero.

It besides holds €475 cardinal ($541.5 million) successful undrawn in installments facilities. As a members-owned club, Real Madrid distributes nary dividends; profit is reinvested into infrastructure and squads by structure, not choice.

The nine besides reported a €354.8 cardinal ($404.5 million) publication to Spanish taxation gross and societal information for the year, a fig it has taken to publicizing alongside the results successful caller cycles arsenic portion of its broader economic-impact messaging.