Barcelona bags more than €300 million after-tax profit in the 2022/23 financial year

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The Football Club of Barcelona announced that they made an after-tax profit of €304 million during the 2022/2023 financial year. There is also a significant reduction in their known debts.

Here is a part of the statement released by the club:

‘The FC Barcelona Board of Directors can report that the 2022/23 financial year has closed with a net profit of 304 million euros after taxes, a result higher than that approved in last season’s budget. During the 2022/23 season, FC Barcelona achieved, on a consolidated level, operating income of 1.259 billion euros with operating expenses of 1.165 billion euros.

These results have been achieved in a season that will go down in history for the record operational figures in the commercial and venue operation sections. The club has made improvements in all lines of business, recording figures higher than expected in each of them.

On a commercial level, with revenue of 351 million euros (+43% compared to the previous year), the club has obtained all-time record figures. The Sponsorshiparea practically reached 200 million euros and sales at Barça Stores amounted to 100 million euros, also an absolute record.

Venue operations closed the 2022/23 academic year to June 30 with total revenue of €229 million, a figure 14% higher than budgeted and 8% more than what was recorded in the 2018/19 season, the last full season prior to Covid. The significant increase in turnover at Spotify Camp Nou is especially remarkable, with €121 million in income generated by the first season ever to see a million tickets sold to see the men’s first team, while there were also record gate takings for women’s football, bringing in 2.7 million euros and for basketball with 4.5 million euros (126% higher than the 2018/19 pre-pandemic season). The Barça Museum closed its last year in its traditional location with turnover of €39.9 million.

In the 2022/23 season, FC Barcelona generated a record number of new sponsorships, 20, which generated €97.6 million, including Spotify, Bimbo and Whitebit, as well as new deals with ScotiaBank and Stanley, among others. Especially relevant have been the €7.8 million generated by women’s football, an increase of 95% on the 2021/22 season. In the 2022/23 season, six other new sponsorships were signed for a value of €36 million that will count towards the 2023/24 season.’

You can read the full statement here

This is a great improvement for the Spanish club. If they continue progressing in this way, they will be among the richest clubs in few years.