The FC Barcelona financial reports released to club members ahead of the September 19 Assembly of Compromissaris show that the club closed the 2025–26 fiscal year with an 18 million euro net loss, marking the third season of ordinary operating deficits under Joan Laporta.
While the board initially highlighted a positive operational balance, financial documentation provided to members specifies that ordinary management yielded a nominal surplus of just 200,000 euros. Once extraordinary items and taxes are factored into the equation, the overall net result dips into an 18 million euro deficit. The latest figures bring the cumulative operating deficit across the past three seasons to 215 million euros, spanning a 180 million euro loss in 2023–24, a 17 million euro loss in 2024–25, and the newly reported 18 million euro shortfall for 2025–26. Since Laporta’s return to the presidency starting in the 2020–21 cycle, the club’s cumulative balance stands at −248 million euros.
Commercial Growth and Record Operating Revenue
Despite the net losses, the financial memory details several positive commercial markers for the 2025–26 campaign. Operating revenue climbed to 1.060 milions euros, surpassing the symbolic one billion threshold for the first time despite falling slightly short of the 1.075 billion euro budget target. The figure marks an increase from the 994 million euros recorded in the previous campaign.
Commercial segments experienced steady expansion across multiple streams. Sponsorship revenue grew to 265 million euros—an increase of 5 million euros from the prior year—while Barça Licensing and Merchandising generated 208 million euros, representing a 40 million euro jump compared to 2024–25. Ticketing, VIP admissions, and museum visits contributed an additional 50 million euro increase. Player transfers brought in 43 million euros, generated through the departures of Ansu Fati, Pau Víctor, Dro, Jan Virgili, and a resale percentage involving Trincao. Furthermore, ordinary EBITDA reached a positive 140 million euros.
For the upcoming 2026–27 season, club leadership projects operating revenues of 1.195 billion euros, a projection that must also be cleared during the upcoming virtual assembly.
Depreciation of Barça Produccions and Salary Cap Management
Financial documents also outline continued write-downs regarding Barça Studios, currently operating under the name Barça Produccions. Initially valued at 400 million euros, the subsidiary’s valuation was previously cut to 178 million euros during the prior financial year alongside a 53.4% club stake. In the latest accounts, the valuation decreases further to 116 million euros while the club’s ownership share rises to 61.14%, validating prior auditor warnings regarding the initial overvaluation of the asset.
On the wage bill front, athletic spending increased by 7% during the previous campaign, driven largely by contract renewals for key squad members. For the current campaign, sports payroll accounts for 53% of the club’s budget—totaling 636 million euros—which officials describe as a stable proportion under Laporta’s administration.
Upcoming Assembly and Governance Framework
The financial results arrive as the club prepares for the upcoming Assembly of Compromissaris on September 19, which will again be held via remote format. While historical club statutes mandated immediate board resignation in the event of consecutive loss-making exercises, Article 67 of the club’s statutes remains suspended, shielding the current administration from immediate structural penalties regarding consecutive deficits.
Additionally, the 2025–26 financial year marks the onset of interest payments tied to the Espai Barça financing structure, adding measurable impact to the club’s financial expenses and short-term treasury management.
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