Real Madrid CF has announced record operating revenue of €1.221 billion for the 2025/26 season, becoming the first sports organisation in the world to surpass the €1.2 billion mark, despite finishing the campaign without a major trophy.
In a statement released following a Board of Directors meeting held today, the club reported that operating revenue (excluding player transfers) rose 3.1% compared to the previous financial year. The figure consolidates Real Madrid’s position as the global leader in sports industry revenues.
“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,” the club said.
The strong financial performance was driven primarily by businesses managed directly by the club. Stadium revenues increased 11% to €363 million, boosted by the renovated Santiago Bernabéu, while marketing revenues grew 6%, supported by the renewal of major sponsorship contracts and the addition of new partners.
Net profit after tax reached €26.3 million, an 8% increase on the previous season. EBITDA rose to a club-record €287.4 million (+18%). Real Madrid has now recorded 26 consecutive financial years of profit since 2000.
Since the 2018/19 season the last full year before the stadium renovation total operating revenue has grown 61%, with 93% of that increase coming from revenues managed directly by the club. Stadium income has more than doubled over the same period (+107%).
The record-breaking accounts come after two seasons without a major trophy, prompting the appointment of José Mourinho as head coach in June to replace Álvaro Arbeloa. The club has already begun reshaping the squad with new signings this summer.
Real Madrid’s latest financial results once again underscore the strength and sustainability of its economic model, even in a season of limited sporting success.