Watford finances and accounts
Watford turned over AU$110.6m in 2023/24 and paid AU$63.4m in staff costs, which is 57.3% of everything the club earned.
Revenue by season
What Watford turned over in each year we hold accounts for.
Every measure, season by season
Costs are shown as the amount paid. A dash is a measure Watford does not report on its own.
| MEASURE | 2023/24 | 2022/23 | 2021/22 | 2020/21 | 2018/19 | 2017/18 | 2016/17 | 2015/16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | AU$110,572,800AU$110.6m | AU$127,100,160AU$127.1m | AU$245,940,480AU$245.9m | AU$109,557,120AU$109.6m | AU$283,509,120AU$283.5m | AU$247,459,200AU$247.5m | AU$237,901,025AU$237.9m | AU$181,342,113AU$181.3m |
| Broadcasting | - | - | AU$163,690AU$164k | AU$95,576AU$96k | AU$237,692AU$238k | AU$208,938AU$209k | - | - |
| Commercial | - | - | AU$69,226AU$69k | AU$7,876AU$8k | AU$25,434AU$25k | AU$20,388AU$20k | - | - |
| Staff costs | AU$63,408,000AU$63.4m | AU$93,553,920AU$93.6m | - | - | - | - | - | - |
| Wages and salaries | AU$55,578,240AU$55.6m | AU$81,557,760AU$81.6m | - | - | - | - | - | - |
| Social security costs | AU$7,144,320AU$7.1m | AU$11,347,200AU$11.3m | - | - | - | - | - | - |
| Pension costs | AU$685,440AU$685k | AU$648,960AU$649k | - | - | - | - | - | - |
| Player amortisation | AU$17,596,800AU$17.6m | AU$40,688,640AU$40.7m | AU$57,095,040AU$57.1m | AU$69,085,440AU$69.1m | AU$69,676,800AU$69.7m | AU$79,678,080AU$79.7m | - | - |
| Other operating income | AU$115,200AU$115k | AU$122,880AU$123k | - | - | - | - | AU$119,658AU$120k | AU$18,311AU$18k |
| Cost of sales | AU$80,271,360AU$80.3m | AU$109,829,760AU$109.8m | - | - | - | - | AU$235,695,592AU$235.7m | AU$161,708,154AU$161.7m |
| Other operating costs | AU$23,057,280AU$23.1m | AU$22,106,880AU$22.1m | - | - | - | - | AU$30,815,178AU$30.8m | AU$20,507,814AU$20.5m |
| Profit on player sales | AU$56,181,120AU$56.2m | AU$113,579,520AU$113.6m | - | - | - | - | AU$42,919,020AU$42.9m | AU$10,773,811AU$10.8m |
| Operating result | AU$34,515,840AU$34.5m | AU$59,491,200AU$59.5m | AU$9,573,120AU$9.6m | -AU$46,460,160AU$46.5m | AU$56,221,440AU$56.2m | -AU$11,381,760AU$11.4m | -AU$28,490,087AU$28.5m | -AU$855,544AU$856k |
| Pre-tax result | AU$24,504,960AU$24.5m | AU$46,331,520AU$46.3m | -AU$30,969,600AU$31m | -AU$36,551,040AU$36.6m | AU$18,746,880AU$18.7m | -AU$59,427,840AU$59.4m | AU$7,732,973AU$7.7m | AU$6,936,793AU$6.9m |
| Wages to revenue | 57.3% | 73.6% | - | - | - | - | - | - |
What the wage bill covers
Staff costs are the whole payroll and not just the first team: players, coaching staff, the academy and everyone working at the ground. Watford paid AU$63.4m against AU$110.6m of revenue, so 57p of every pound went back out as pay.
Championship revenue
The 22 clubs in the division whose accounts cover the same twelve months. Follow a club for its own finances.
Frequently asked questions
How much revenue do Watford make?
Watford turned over AU$110.6m in 2023/24.
What is the Watford wage bill?
Watford paid AU$63.4m in staff costs in 2023/24, which is 57.3% of revenue.
Do Watford make a profit?
Watford made a pre-tax profit of AU$24.5m in 2023/24.
The accounts behind these figures
Company number 00104194. Every set of accounts read for this page.
- 2024/25 accounts
- 2023/24 accounts
- 2022/23 accounts
- 2021/22 accounts
- 2020/21 accounts
- 2019/20 accounts
- 2018/19 accounts
- 2017/18 accounts
- 2016/17 accounts
Contains public sector information licensed under the Open Government Licence v3.0.