Record revenue comes with €18m loss for Barcelona
FC Barcelona’s finances tell two stories at once heading into this month’s General Assembly. The club generated a record €1.06 billion in operating revenue during 2025/26, up €66 million on the previous financial year, and is now forecasting €1.195 billion for 2026/27. Yet net debt stood at €607 million as of 30 June 2026, a jump that bears directly on the Blaugranes’ financial flexibility, squad-building capacity and ongoing Espai Barça plans.
According to MARCA, Barcelona published the figures ahead of the upcoming General Assembly, giving club members a detailed picture of the current economic situation before delegates vote on the accounts.
The 2025/26 turnover surpassed €1 billion for the first time, driven by improved Camp Nou and sporting-performance income, record sponsorship revenue and record merchandising sales through Barça Licensing & Merchandising. Despite that growth, Barcelona closed the year with an €18 million after-tax loss.
The 2026/27 budget projects €1.195 billion in revenue against €1.133 billion in expenditure, with Spotify Camp Nou income expected to rise by around €60 million as Hansi Flick’s squad plays its entire campaign at the stadium. Sporting-operation costs, including wages and amortisation, are projected at €636 million, or 53% of total revenue, compared with €571 million (54%) in 2025/26 – a shift that could shape Barcelona’s margin for squad decisions. Player sales and loan operations, including variable payments from previous transfers, added a further €43 million in profit.
Under La Liga’s Financial Control criteria, net debt rose by €138 million, or 29%, from €469 million a year earlier, interrupting the reduction recorded since the club’s 2021/22 peak. Barcelona attributed the increase primarily to reduced cash reserves linked to financial costs tied to Espai Barça, while gross debt reached €910 million, €43 million higher than the previous financial year – a dynamic worth tracking alongside the club’s recent borrowing activity.
The higher projected turnover is expected to help Barcelona absorb increased salaries following contract renewals for key players, as well as investment across other sporting sections. Whether that additional headroom translates into meaningful transfer capacity will likely depend on how the €607 million net-debt position and Espai Barça-related costs are addressed at the General Assembly, details the club has not yet fully disclosed publicly.
