For a third straight season, Real Madrid have topped the list as the world’s highest-earning football club, pulling in a record €1.161 billion during the 2024–25 season, according to Deloitte’s Football Money League.
The Spanish giants’ revenue just how powerful their business model has become. Strong commercial deals, matchday revenue, broadcasting income and the club’s global appeal have once again driven their finances to new heights — allowing them to stay well ahead of their rivals, even in seasons when results on the pitch haven’t fully matched their usual standards.
Man United have fallen to their lowest ever position in the Deloitte Money League, with Liverpool the highest-earning English club for the first time.
Real Madrid stay top for the third straight season. pic.twitter.com/Yl8UQ5wwmH
— Sports Illustrated FC (@SI_FootballClub) January 22, 2026
Deloitte Money League 2026: full revenue rankings
Behind Real Madrid, a number of European heavyweights make up the top of the revenue rankings, illustrating the financial powerhouses of world football:
- 2. FC Barcelona — €974.8 million
- 3. Bayern Munich — €860.6 million
- 4. Paris Saint-Germain (PSG) — €837 million
- 5. Liverpool — €836.1 million
- 6. Manchester City — €829.3 million
- 7. Arsenal — €821.7 million
- 8. Manchester United — €793.1 million
- 9. Tottenham Hotspur — €672.6 million
- 10. Chelsea — €584.1 million
Other clubs in the wider top 20 include Inter Milan, Borussia Dortmund, Atlético Madrid, Aston Villa, AC Milan, Juventus, Newcastle United, VfB Stuttgart, Benfica and West Ham United.
Barcelona’s strong second-place finish signals a return to the revenue podium for the first time in many years, showing the club’s financial recovery after a challenging period.
Bayern Munich, meanwhile, continued their steady and consistent growth, once again confirming their status as one of Germany’s wealthiest and most stable clubs.
Paris Saint-Germain also saw their income rise slightly, but it wasn’t enough to hold their position, as the French champions slipped down one place compared to last season.
English clubs have a strong presence overall, with six teams in the top ten, but Liverpool tops the Premier League in revenue for the first time in the Money League’s history.
The combined revenue of the top 20 clubs exceeded €12.4 billion, a new record for the Deloitte report.
