Real Madrid break revenue record again with Santiago Bernabeu behind massive growth

Real Madrid have once again set a new financial benchmark in world football, with the club confirming record revenues for the third straight year despite ending the 2025/26 season without a major trophy.

The Spanish giants announced total revenue of €1.221 billion, becoming the first football club to officially surpass the €1.2bn mark. 

Part of that total includes €23.5 million from the reversal of a legal provision linked to a European Commission case that was settled last year. 

While removing that amount would place revenue just below €1.2bn, it does not change the bigger picture. Madrid are still comfortably ahead of every other club when it comes to generating income.

The club also posted record earnings before interest, taxes, depreciation and amortisation of €287m, an 18% increase from the previous year.

This figure reflects strong operating performance, although it also includes profits from player sales, which are not always counted in the same way by other clubs.

A major reason for Madrid’s financial success is the renovated Santiago Bernabeu Stadium.

Stadium-related income reached €363m during the season, more than double the amount generated before the redevelopment project. 

The increase came from matchday activities, premium experiences and long-term personal seat licenses that give supporters the right to purchase season tickets over the next three decades.

While the stadium brought in significant revenue, it still fell short of the club’s original projections. 

Restrictions on hosting concerts because of ongoing noise complaints affected expected earnings, contributing to revenues finishing slightly below budget.

The Bernabeu redevelopment has also faced setbacks away from football. 

Spain’s Supreme Court recently blocked plans for two nearby parking facilities that were expected to provide additional long-term income. 

However, club officials have downplayed the financial impact, insisting the project would not have made a significant difference to the club’s overall position.

While the project has pushed stadium-related debt above €1.1bn, Madrid believe growing revenues from their modernised home will help them comfortably sort out their finances in the future.