Watford finances and accounts
Watford turned over $76.6m in 2023/24 and paid $43.9m 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 | $76,594,700$76.6m | $88,043,340$88m | $170,365,020$170.4m | $75,891,130$75.9m | $196,389,130$196.4m | $171,417,050$171.4m | $164,796,023$164.8m | $125,617,193$125.6m |
| Broadcasting | - | - | $113,389$113k | $66,206$66k | $164,651$165k | $144,733$145k | - | - |
| Commercial | - | - | $47,953$48k | $5,456$5k | $17,619$18k | $14,123$14k | - | - |
| Staff costs | $43,923,250$43.9m | $64,805,580$64.8m | - | - | - | - | - | - |
| Salaries and salaries | $38,499,510$38.5m | $56,495,740$56.5m | - | - | - | - | - | - |
| Social security costs | $4,948,930$4.9m | $7,860,300$7.9m | - | - | - | - | - | - |
| Pension costs | $474,810$475k | $449,540$450k | - | - | - | - | - | - |
| Player amortisation | $12,189,450$12.2m | $28,185,360$28.2m | $39,550,210$39.6m | $47,856,060$47.9m | $48,265,700$48.3m | $55,193,670$55.2m | - | - |
| Other operating income | $79,800$80k | $85,120$85k | - | - | - | - | $82,888$83k | $12,684$13k |
| Cost of sales | $55,604,640$55.6m | $76,079,990$76.1m | - | - | - | - | $163,268,301$163.3m | $112,016,586$112m |
| Other operating costs | $15,971,970$16m | $15,313,620$15.3m | - | - | - | - | $21,345,931$21.3m | $14,205,933$14.2m |
| Profit on player sales | $38,917,130$38.9m | $78,677,480$78.7m | - | - | - | - | $29,730,362$29.7m | $7,463,109$7.5m |
| Operating result | $23,909,410$23.9m | $41,210,050$41.2m | $6,631,380$6.6m | -$32,183,340$32.2m | $38,945,060$38.9m | -$7,884,240$7.9m | -$19,735,321$19.7m | -$592,643$593k |
| Pre-tax result | $16,974,790$17m | $32,094,230$32.1m | -$21,452,900$21.5m | -$25,319,210$25.3m | $12,986,120$13m | -$41,166,160$41.2m | $5,356,695$5.4m | $4,805,174$4.8m |
| Salaries to revenue | 57.3% | 73.6% | - | - | - | - | - | - |
What the payroll 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 $43.9m against $76.6m 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 $76.6m in 2023/24.
What is the Watford payroll?
Watford paid $43.9m in staff costs in 2023/24, which is 57.3% of revenue.
Do Watford make a profit?
Watford made a pre-tax profit of $17m 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.