Real Madrid hit a record €1.22 billion in revenue during the 2025-2026 season, underlining the club’s financial strength despite ending the campaign without winning a major title.

The Spanish giants announced on Tuesday that revenue reached €1.22 billion (£1.05 billion), driven largely by increased stadium income and marketing sales. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also climbed to a record €287.4 million.

According to the club, the latest figures represent the highest revenue ever recorded by a sports institution and reinforce Real Madrid’s position as one of the world’s most valuable sports brands.

The revenue surge was fuelled by the club’s renovated Santiago Bernabéu Stadium, which has opened up new commercial opportunities. The sales reported for the season marked a 61% increase from the 2019 campaign, before work began on the major stadium refurbishment.

The upgraded venue enabled Real Madrid to generate more income from VIP seating, stadium tours and other business activities.

Club chairman Florentino Pérez has relied in part on the club’s strong financial performance to build support for his proposal to sell about 5% of Real Madrid to an investor. Pérez, who has led the club for 23 of the last 26 years, secured re-election as chairman in May after facing a challenger who opposed the stake-sale plan.

Real Madrid currently operates as a non-profit organisation owned by fee-paying members. Pérez has previously stated his intention to alter the club’s corporate structure and convert members into shareholders.

The club remains Europe’s most successful football team, having won 15 UEFA Champions League titles, including seven during Pérez’s tenure.

The latest earnings highlight how Real Madrid has strengthened its financial position through commercial growth and stadium redevelopment, even in a season without silverware.