Watford finances and accounts
Watford turned over £58m in 2023/24 and paid £33m 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 | £57,590,000£57.6m | £66,198,000£66.2m | £128,094,000£128.1m | £57,061,000£57.1m | £147,661,000£147.7m | £128,885,000£128.9m | £123,906,784£123.9m | £94,449,017£94.4m |
| Broadcasting | - | - | £85,255£85k | £49,779£50k | £123,798£124k | £108,822£109k | - | - |
| Commercial | - | - | £36,055£36k | £4,102£4k | £13,247£13k | £10,619£11k | - | - |
| Staff costs | £33,025,000£33.0m | £48,726,000£48.7m | - | - | - | - | - | - |
| Wages and salaries | £28,947,000£28.9m | £42,478,000£42.5m | - | - | - | - | - | - |
| Social security costs | £3,721,000£3.7m | £5,910,000£5.9m | - | - | - | - | - | - |
| Pension costs | £357,000£357k | £338,000£338k | - | - | - | - | - | - |
| Player amortisation | £9,165,000£9.2m | £21,192,000£21.2m | £29,737,000£29.7m | £35,982,000£36.0m | £36,290,000£36.3m | £41,499,000£41.5m | - | - |
| Other operating income | £60,000£60k | £64,000£64k | - | - | - | - | £62,322£62k | £9,537£10k |
| Cost of sales | £41,808,000£41.8m | £57,203,000£57.2m | - | - | - | - | £122,758,121£122.8m | £84,222,997£84.2m |
| Other operating costs | £12,009,000£12.0m | £11,514,000£11.5m | - | - | - | - | £16,049,572£16.0m | £10,681,153£10.7m |
| Profit on player sales | £29,261,000£29.3m | £59,156,000£59.2m | - | - | - | - | £22,353,656£22.4m | £5,611,360£5.6m |
| Operating result | £17,977,000£18.0m | £30,985,000£31.0m | £4,986,000£5.0m | -£24,198,000£24.2m | £29,282,000£29.3m | -£5,928,000£5.9m | -£14,838,587£14.8m | -£445,596£446k |
| Pre-tax result | £12,763,000£12.8m | £24,131,000£24.1m | -£16,130,000£16.1m | -£19,037,000£19.0m | £9,764,000£9.8m | -£30,952,000£31.0m | £4,027,590£4.0m | £3,612,913£3.6m |
| 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 £33m against £58m 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 £58m in 2023/24.
What is the Watford wage bill?
Watford paid £33m in staff costs in 2023/24, which is 57.3% of revenue.
Do Watford make a profit?
Watford made a pre-tax profit of £13m 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.