Real Madrid have approved their 2025-26 accounts with operating revenue of €1.221 billion, a first for any sports entity. The board signed off on the figures on July 28, 2026, and the club has now posted profits for 26 consecutive financial years. That is the kind of balance sheet that does not happen by accident.
The Bernabéu and the commercial engine
The growth is being driven by the stadium and the commercial side. Stadium revenue rose 11%, marketing revenue increased 6%, and operating profit before depreciation and amortization reached €287.4 million, up 18% from the previous financial year.
Those are the numbers that explain why Madrid have moved through the €1.2 billion barrier. The club's revenue has grown 61% since 2018-2019, with 93% of that growth coming from directly-managed club businesses. In other words, this is not just a one-off spike from player trading or a lucky year in Europe. It is a business that keeps scaling in the parts Madrid control themselves.
The record and the claim around it
There is one point that should be kept separate from the rest of the headline. Managing Madrid's report says this makes Real Madrid the first sports entity to cross €1.2 billion in revenue, while another source in the same reporting chain presents the same claim. It is still a reported claim rather than something independently verified here, but the scale of the result is not in doubt.
For Madrid, the bigger story is the combination of record revenue and long-term profitability. €1.221 billion is the number that grabs attention, but the more telling detail is the 26-year run of profit. The club is not just breaking a ceiling once, it is doing it from a financial base that keeps getting stronger.
The next update will come when the club's full annual accounts are digested in detail, but the headline is already fixed: Madrid's 2025-26 figures have taken them past €1.2 billion and left everyone else trying to catch up.
Written by Daniel Hartley with AI-assisted research, cross-checked against 3 outlets. How we work →
