Watford finances and accounts
Watford turned over $77.7m in 2023/24 and paid $44.6m 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 | $77,746,500$77.7m | $89,367,300$89.4m | $172,926,900$172.9m | $77,032,350$77m | $199,342,350$199.3m | $173,994,750$174m | $167,274,158$167.3m | $127,506,173$127.5m |
| Broadcasting | - | - | $115,094$115k | $67,202$67k | $167,127$167k | $146,910$147k | - | - |
| Commercial | - | - | $48,674$49k | $5,538$6k | $17,883$18k | $14,336$14k | - | - |
| Staff costs | $44,583,750$44.6m | $65,780,100$65.8m | - | - | - | - | - | - |
| Salaries and salaries | $39,078,450$39.1m | $57,345,300$57.3m | - | - | - | - | - | - |
| Social security costs | $5,023,350$5m | $7,978,500$8m | - | - | - | - | - | - |
| Pension costs | $481,950$482k | $456,300$456k | - | - | - | - | - | - |
| Player amortisation | $12,372,750$12.4m | $28,609,200$28.6m | $40,144,950$40.1m | $48,575,700$48.6m | $48,991,500$49m | $56,023,650$56m | - | - |
| Other operating income | $81,000$81k | $86,400$86k | - | - | - | - | $84,135$84k | $12,875$13k |
| Cost of sales | $56,440,800$56.4m | $77,224,050$77.2m | - | - | - | - | $165,723,463$165.7m | $113,701,046$113.7m |
| Other operating costs | $16,212,150$16.2m | $15,543,900$15.5m | - | - | - | - | $21,666,922$21.7m | $14,419,557$14.4m |
| Profit on player sales | $39,502,350$39.5m | $79,860,600$79.9m | - | - | - | - | $30,177,436$30.2m | $7,575,336$7.6m |
| Operating result | $24,268,950$24.3m | $41,829,750$41.8m | $6,731,100$6.7m | -$32,667,300$32.7m | $39,530,700$39.5m | -$8,002,800$8m | -$20,032,092$20m | -$601,555$602k |
| Pre-tax result | $17,230,050$17.2m | $32,576,850$32.6m | -$21,775,500$21.8m | -$25,699,950$25.7m | $13,181,400$13.2m | -$41,785,200$41.8m | $5,437,247$5.4m | $4,877,433$4.9m |
| 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 $44.6m against $77.7m 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 $77.7m in 2023/24.
What is the Watford payroll?
Watford paid $44.6m in staff costs in 2023/24, which is 57.3% of revenue.
Do Watford make a profit?
Watford made a pre-tax profit of $17.2m 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.