Real Madrid posts record €1.221bn operating revenue in 2025-26 despite trophyless season

Real Madrid generated a record €1.221 billion in operating revenue for the 2025-26 season, becoming the first sports organisation to surpass the €1.2 billion mark despite finishing that season without a major trophy.

Revenue streams mentioned include the renovated Santiago Bernabéu, sponsorships with Adidas, Emirates and HP, squad investments and global social programmes, alongside accounting details that underpin the historic figure.