Real Madrid has solidified its position as a global leader in football, achieving an extraordinary milestone by being the first club to exceed one billion euros in operating income. According to Football Benchmark’s 2025 European Champions Report, which evaluates the commercial performance of the national champions of six major European leagues (Inter, Manchester City, Paris Saint-Germain, PSV Eindhoven, Real Madrid and Sporting CP), the club has established a new standard for financial excellence during the 2023-24 season.
Record revenue
Florentino Pérez’s management has propelled Real Madrid to total revenues of €1,065 million, significantly surpassing its closest competitors, Manchester City (€838 million) and Paris Saint-Germain (€806 million). This financial success is attributed to a series of strategic initiatives and operational improvements, most notably the renovated Santiago Bernabéu Stadium.
Real Madrid closed the year with a net profit of 16 million euros
The Bernabéu effect
The transformation of the Santiago Bernabéu has been a cornerstone of Real Madrid’s financial rise. The improved stadium facilities contributed to a record €251 million in matchday revenue, representing a 28% year-on-year increase in operating income. The upgraded VIP areas alone generated an additional €83 million, demonstrating the club’s ability to leverage premium experiences for financial gain.
Various sources of income
Real Madrid’s financial success goes beyond matchday income. Key contributors include:
- Business Income: A 26% increase driven by innovative marketing strategies and lucrative advertising deals.
- Broadcasting income: An increase of 8%, driven by their victory in the UEFA Champions League.
Team value and business leadership
The Real Madrid squad is valued at a staggering figure of 1,364 million euros. The club also leads the world in enterprise value, which amounts to €5,097 million.
Youth Development
The 2025 European Champions Report highlights Real Madrid’s commitment to youth development. The club excelled in metrics assessing the progression of academy players into the first team, academy player sales revenue and under-21 player participation. Between 2019 and 2025, Real Madrid generated 218 million euros from the sale of youth players.
Efficient cost management
Despite an increase in personnel costs to €505 million (boosted by €41 million in collective bonuses for sporting successes), Real Madrid maintained an impressive ratio of personnel costs to operating income of 47%. This efficiency contrasts sharply with PSG (83%) and Sporting CP (89%), who exceeded the recommended threshold of 70%.