Barcelona surpasses €1B in revenue for first time in club history

FC Barcelona is projecting €1.075 billion in ordinary revenue for the 2025/26 season, which would make it the first time the club has officially cleared the €1 billion mark.

How Barcelona built its billion-euro machine

The foundation for this milestone was laid during the 2024-25 season, when Barcelona posted operating revenue of €994 million, according to the club’s October 2025 financial presentation. That figure represented a €100 million jump from the prior year, which is especially notable given that the team wasn’t even playing in its own stadium.

Barcelona has been hosting home matches at Estadi Olímpic Lluís Companys, the Montjuïc venue originally built for the 1992 Olympics, while the iconic Camp Nou undergoes a massive renovation.

Commercial revenue hit a record €259 million in 2024-25, anchored by a renegotiated multi-year kit deal with Nike. Barça Licensing & Merchandising, the club’s commercial arm known as BLM, saw revenue surge 55% to approximately €171 million across more than 170 territories worldwide.

The Camp Nou factor and what comes next

The 2025/26 budget of €1.075 billion includes an anticipated €50 million boost from the phased reopening of the renovated Spotify Camp Nou. Merchandising revenue alone is expected to approach €200 million for the upcoming season. Barcelona’s finance team is forecasting a small net profit of €4 million.

Barcelona has reduced its debt by €90 million and brought its wage bill down to approximately 54% of revenue. Wage-to-revenue ratios above 70% are generally considered unsustainable in European football.

Deloitte’s 2026 Football Money League report ranked Barcelona second globally with estimated revenues of €975 million for 2024-25. Only Real Madrid, at €1.161 billion, finished higher.

From financial crisis to financial model

In 2021, the club disclosed debts exceeding €1 billion, was forced to let Lionel Messi leave because it literally could not afford to re-sign him, and resorted to selling future media rights and licensing revenue in what became known as the club’s “economic levers.”

The recovery has been built on commercial diversification: the Nike deal, the merchandising expansion across 170-plus territories, and the Camp Nou renovation. Barcelona has reduced debt, grown commercial revenue, and kept wages below 55% of turnover.

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