Los Blancos have done it again. Real Madrid have announced world-record revenues for a football club for the third successive year, with turnover rising for the fifth consecutive season in 2025-26. The Board of Directors, meeting on July 28, 2026, approved the annual accounts for the 2025-2026 financial year. The figures cement the club’s standing not just as the world’s biggest football club, but as the highest-revenue sports organisation on the planet — in any sport.
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Breaking the €1.2 Billion Barrier — A Historic Milestone
The Galacticos generated a record €1.221 billion ($1.39 billion) in revenue in the 2025-26 season, despite failing to win a trophy.
Operating revenue reached €1,221 million (+3.1%), surpassing the €1,200 million mark for the first time — a level not reached to date by any other sports organisation.
The club stated: “Real Madrid has therefore exceeded the €1.2 billion mark for the first time, a figure that no other sports organisation in the world has achieved to date, consolidating the club’s position as the revenue leader in the sports industry.”
What Drove the Growth?
The main drivers of this growth were stadium revenues, which increased by 11%, and the marketing sector, which jumped by 6% thanks to new sponsorship deals and the extension of existing contracts.
The Santiago Bernabéu Stadium’s revenue is now more than twice the revenue before the renovation. The stadium, which underwent a sweeping modernisation project, has become a commercial powerhouse far beyond matchday football — hosting concerts, events, and premium hospitality experiences that have dramatically transformed the club’s income profile.
Commercial and marketing revenue grew by 6%, fuelled by renewed sponsorship agreements and new commercial partnerships.
Profitability & Financial Health
The Bernabéu outfit’s financial results go far beyond just headline revenue. The club posted outstanding figures across every key financial metric.
Operating profit before depreciation and amortization (EBITDA) was €287.4 million, 18% higher than in the previous financial year. EBITDA before disposals of fixed assets reached €242.9 million, 17% more. Both figures are the highest ever achieved by Real Madrid and reflect the club’s continued improvement in operating efficiency.
Profit after tax came to €26.3 million, 8% more than in 2024-2025. With this result, the club records twenty-six consecutive financial years closing with a profit, starting in 2000.
The club maintains a very solid balance sheet position: net equity of €624 million, cash of €83 million and net debt of just €9 million, excluding the stadium project, with a debt/EBITDA ratio of 0.0 times. In addition, the club has undrawn credit facilities of €475 million.
Key Financial Figures at a Glance
| Metric | 2025-26 Figure | Change (YoY) |
|---|---|---|
| Operating Revenue (excl. transfers) | €1,221 million | +3.1% |
| EBITDA | €287.4 million | +18% |
| Profit After Tax | €26.3 million | +8% |
| Stadium Revenue Growth | — | +11% |
| Marketing/Commercial Revenue Growth | — | +6% |
| Net Equity | €624 million | — |
| Net Debt (excl. stadium) | €9 million | — |
| Consecutive Profitable Seasons | 26 | Since 2000 |
Investment in the Future
The Galacticos’ record revenues have not come at the cost of investment. The club has continued to spend aggressively on both infrastructure and playing talent.
During the 2025-26 season, Real Madrid invested €192 million in infrastructure, technology, and sporting development, and €161 million on new player signings as part of its ongoing squad-building strategy.
The renovation of the Santiago Bernabéu Stadium, now practically complete, represents a cumulative investment of €1,407.7 million.
Real Madrid is a club owned by its members. It does not distribute profits or receive outside capital contributions — all profits are reinvested in the club itself, in its facilities and in its sports squads.
Investment Breakdown — 2025-26
| Investment Area | Amount |
|---|---|
| Player Signings | €161 million |
| Infrastructure, Tech & Sporting Development | €192 million |
| Total Bernabéu Renovation (Cumulative) | €1,407.7 million |
| Tax & Social Security Contributions | €354.8 million |
Real Madrid vs. the World — Revenue Context
The Merengues retained the top spot in the Deloitte Football Money League, having generated close to €1.2 billion during 2024-25, followed by FC Barcelona (€975m), Bayern Munich (€861m), Paris Saint-Germain (€837m), and Liverpool (€836m).
The 2025-26 figures only extend that gap further — Real Madrid are now in a financial tier entirely of their own.
| Club | 2024-25 Revenue (Deloitte) |
|---|---|
| Real Madrid | ~€1,161 million |
| FC Barcelona | €974.8 million |
| Bayern Munich | €860.6 million |
| Paris Saint-Germain | €837 million |
| Liverpool | €836.1 million |
| Manchester City | €829.3 million |
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FAQs
What revenue did Real Madrid announce for 2025-26?
Real Madrid announced operating revenues of €1,221 million (approximately $1.39 billion) for the 2025-26 season, excluding player transfer income — the highest figure ever recorded by any sports organisation in the world.
Is this Real Madrid’s first time breaking the €1.2 billion barrier?
Yes. Real Madrid became the first sports organisation in history to surpass the €1.2 billion mark in annual operating revenue, making 2025-26 a truly historic financial milestone for the club.
What drove Real Madrid’s revenue growth in 2025-26?
The primary drivers were an 11% increase in Santiago Bernabéu Stadium revenues and a 6% rise in commercial and marketing income, fuelled by new sponsorship deals and renewals of existing commercial partnerships.
Did Real Madrid make a profit in 2025-26?
Yes. Real Madrid posted a profit after tax of €26.3 million, an 8% increase on the previous year. This extended their remarkable run to 26 consecutive profitable financial years, every season since 2000.
How does Real Madrid compare to other football clubs in revenue?
Real Madrid are in a financial league of their own. Their nearest competitor, FC Barcelona, generated around €975 million in 2024-25 — roughly €250 million less than Real Madrid’s latest record-breaking figure.
