The figure means Real Madrid have become the first sports organisation in the world to pass the €1.2bn revenue mark, a milestone the club says confirms its position as the industry's global leader in income, according to a statement issued after the Board of Directors, chaired by Florentino Pérez, approved the annual accounts on Tuesday, just weeks after Pérez was re-elected president with 65% of the vote.
EBITDA rose 18% to €287.4m, also a record, driven by an 11% increase in stadium revenue to €363m and a 6% rise in marketing income to €539m, the latter attributed to renewed sponsorship deals and new partners coming on board following the near-complete renovation of the Santiago Bernabéu, which has now cost €1.4077bn in total.
After-tax profit came in at €26.3m, up 8% on the previous season, extending the club's run of consecutive profitable years to 26, stretching back to 2000. Net debt stood at just €9m excluding the stadium project, against net worth of €624m and cash reserves of €83m, with the club also holding an additional €475m in unused credit facilities. Real Madrid's contribution to public finances and social security totalled €354.8m over the course of the year.
On the playing side, the club spent €161m on player signings during 2025-26 as part of €192m in total investment across facilities, technology and squad building, with wage costs having risen by €166m, or 37%, since 2018-19 while still keeping the ratio of staff costs to income at 46%, comfortably below what the club considers the 50% threshold of financial excellence.
Real Madrid say they intend to continue strengthening the squad in both football and basketball ahead of the 2026-27 season, continuing the reinvestment policy the figures are designed to showcase.
The figures cap a period of sustained financial growth for the club, whose overall income has risen 61% since 2018-19, and follow a Deloitte study in which Real Madrid topped the world's football revenue rankings for 2023-24, ahead of Manchester City and Paris Saint-Germain, underlining the scale of the gap the Bernabéu club has built over its rivals.