Real Madrid finances and accounts
Real Madrid turned over €1.16bn in 2024/25 and paid €506m in staff costs, which is 43.6% of everything the club earned.
Revenue by season
What Real Madrid 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 Real Madrid does not report on its own.
| MEASURE | 2024/25 | 2023/24 | 2022/23 | 2021/22 | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 | 2015/16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €1,159,092,000€1.16bn | €1,043,732,000€1.04bn | €804,616,000€804.6m | €712,875,000€712.9m | €648,355,000€648.4m | €692,546,000€692.5m | €755,128,000€755.1m | €748,042,000€748.0m | €671,864,000€671.9m | €619,710,000€619.7m |
| Matchday | €515,842,000€515.8m | €457,878,000€457.9m | €287,992,000€288.0m | €243,795,000€243.8m | €126,420,000€126.4m | €231,871,000€231.9m | €286,965,000€287.0m | €274,426,000€274.4m | €252,427,000€252.4m | €239,769,000€239.8m |
| Broadcasting | €162,086,000€162.1m | €179,257,000€179.3m | €186,813,000€186.8m | €178,940,000€178.9m | €207,709,000€207.7m | €148,570,000€148.6m | €172,991,000€173.0m | €178,413,000€178.4m | €165,299,000€165.3m | €167,577,000€167.6m |
| Commercial | €481,164,000€481.2m | €406,597,000€406.6m | €329,811,000€329.8m | €290,140,000€290.1m | €314,226,000€314.2m | €312,105,000€312.1m | €295,172,000€295.2m | €295,203,000€295.2m | €254,138,000€254.1m | €212,364,000€212.4m |
| Staff costs | €505,744,000€505.7m | €498,047,000€498.0m | €446,772,000€446.8m | €519,030,000€519.0m | €402,957,000€403.0m | €411,043,000€411.0m | €394,221,000€394.2m | €430,751,000€430.8m | €406,109,000€406.1m | €306,877,000€306.9m |
| Other operating income | €2,107,000€2.1m | €12,050,000€12.1m | €26,715,000€26.7m | €6,903,000€6.9m | €1,334,000€1.3m | €21,155,000€21.2m | €473,000€473k | €1,704,000€1.7m | €1,030,000€1.0m | €229,000€229k |
| Cost of sales | €87,697,000€87.7m | €65,718,000€65.7m | €44,000,000€44.0m | €27,778,000€27.8m | €19,024,000€19.0m | €21,543,000€21.5m | €24,305,000€24.3m | €27,088,000€27.1m | €26,347,000€26.3m | €22,252,000€22.3m |
| Other operating costs | €383,244,000€383.2m | €365,785,000€365.8m | €268,555,000€268.6m | €289,623,000€289.6m | €173,797,000€173.8m | €232,200,000€232.2m | €214,564,000€214.6m | €200,095,000€200.1m | - | - |
| Operating result | €74,856,000€74.9m | €21,619,000€21.6m | €2,690,000€2.7m | €23,297,000€23.3m | €5,166,000€5.2m | €398,000€398k | €54,286,000€54.3m | €44,798,000€44.8m | €27,619,000€27.6m | €39,308,000€39.3m |
| Pre-tax result | €31,451,000€31.5m | €19,856,000€19.9m | €8,223,000€8.2m | €20,199,000€20.2m | €1,739,000€1.7m | €1,851,000€1.9m | €53,482,000€53.5m | €42,983,000€43.0m | €26,265,000€26.3m | €43,343,000€43.3m |
| Wages to revenue | 43.6% | 47.7% | 55.5% | 72.8% | 62.2% | 59.4% | 52.2% | 57.6% | 60.4% | 49.5% |
Where the money comes from
The three ways Real Madrid earned €1,159,092,000 in 2024/25.
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. Real Madrid paid €506m against €1.16bn of revenue, so 44p of every pound went back out as pay.
La Liga revenue
The 15 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 Real Madrid make?
Real Madrid turned over €1.16bn in 2024/25.
What is the Real Madrid wage bill?
Real Madrid paid €506m in staff costs in 2024/25, which is 43.6% of revenue.
Do Real Madrid make a profit?
Real Madrid made a pre-tax profit of €31m in 2024/25.