Real Madrid posts record €1.22 billion operating revenue, first club to top €1.2 billion

Real Madrid’s board signed off on the 2025-26 financial statements, reporting €1.221 billion in operating revenue - the first sports entity to break the €1.2 billion mark. The increase, up 3.1% year-on-year, stems largely from a doubled stadium income and an 82% jump in marketing and sponsorship deals, while broadcast and competition money grew only modestly. EBITDA reached €287.4 million, an 18% rise, and net profit after tax hit €26.3 million, continuing a streak of profitability dating back to 2000.

The renovated Bernabéu now generates more than twice its pre-renovation revenue, despite a €1.408 billion construction cost financed mainly by a €1.108 billion loan. Deloitte’s Football Money League places Real Madrid at the top for the third straight year, with €1.161 billion in calendar-year revenue, outpacing Barcelona and other European giants. The club kept wage and amortisation costs to 46% of revenue, below its 50% ceiling, and retained a strong balance sheet with €624 million in equity and minimal net debt.