Watford finances and accounts
Watford turned over AU$108.8m in 2023/24 and paid AU$62.4m 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$108,845,100AU$108.8m | AU$125,114,220AU$125.1m | AU$242,097,660AU$242.1m | AU$107,845,290AU$107.8m | AU$279,079,290AU$279.1m | AU$243,592,650AU$243.6m | AU$234,183,822AU$234.2m | AU$178,508,642AU$178.5m |
| Broadcasting | - | - | AU$161,132AU$161k | AU$94,082AU$94k | AU$233,978AU$234k | AU$205,674AU$206k | - | - |
| Commercial | - | - | AU$68,144AU$68k | AU$7,753AU$8k | AU$25,037AU$25k | AU$20,070AU$20k | - | - |
| Staff costs | AU$62,417,250AU$62.4m | AU$92,092,140AU$92.1m | - | - | - | - | - | - |
| Wages and salaries | AU$54,709,830AU$54.7m | AU$80,283,420AU$80.3m | - | - | - | - | - | - |
| Social security costs | AU$7,032,690AU$7m | AU$11,169,900AU$11.2m | - | - | - | - | - | - |
| Pension costs | AU$674,730AU$675k | AU$638,820AU$639k | - | - | - | - | - | - |
| Player amortisation | AU$17,321,850AU$17.3m | AU$40,052,880AU$40.1m | AU$56,202,930AU$56.2m | AU$68,005,980AU$68m | AU$68,588,100AU$68.6m | AU$78,433,110AU$78.4m | - | - |
| Other operating income | AU$113,400AU$113k | AU$120,960AU$121k | - | - | - | - | AU$117,789AU$118k | AU$18,025AU$18k |
| Cost of sales | AU$79,017,120AU$79m | AU$108,113,670AU$108.1m | - | - | - | - | AU$232,012,849AU$232m | AU$159,181,464AU$159.2m |
| Other operating costs | AU$22,697,010AU$22.7m | AU$21,761,460AU$21.8m | - | - | - | - | AU$30,333,691AU$30.3m | AU$20,187,379AU$20.2m |
| Profit on player sales | AU$55,303,290AU$55.3m | AU$111,804,840AU$111.8m | - | - | - | - | AU$42,248,410AU$42.2m | AU$10,605,470AU$10.6m |
| Operating result | AU$33,976,530AU$34m | AU$58,561,650AU$58.6m | AU$9,423,540AU$9.4m | -AU$45,734,220AU$45.7m | AU$55,342,980AU$55.3m | -AU$11,203,920AU$11.2m | -AU$28,044,929AU$28m | -AU$842,176AU$842k |
| Pre-tax result | AU$24,122,070AU$24.1m | AU$45,607,590AU$45.6m | -AU$30,485,700AU$30.5m | -AU$35,979,930AU$36m | AU$18,453,960AU$18.5m | -AU$58,499,280AU$58.5m | AU$7,612,145AU$7.6m | AU$6,828,406AU$6.8m |
| 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$62.4m against AU$108.8m 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$108.8m in 2023/24.
What is the Watford wage bill?
Watford paid AU$62.4m 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$24.1m 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.