Club cites cost cuts and improved league form for operating profit as plans for new 100,000‑seat stadium advance
Manchester United have reported a record annual revenue of £677.6m for the fiscal year to 2026, despite not competing in European competition last season and recording a pre‑tax loss of £43m.
The 2026 revenue figure surpasses the previous club record of £666.5m in 2025. While the club posted an operating profit of £22.6m — a marked improvement on the £18.4m operating loss reported a year earlier — the pre‑tax loss widened from £33m to £43m. United said the operating improvement reflected “the benefits of operating cost and headcount reductions previously implemented, combined with improved Premier League performance.”
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 18.4 per cent year‑on‑year. However, fourth‑quarter revenue and EBITDA fell from £164.1m and £37.5m respectively in the prior year quarter to £157.5m and £28.9m in 2026.
The club credited a strong recovery in domestic form for some of the financial progress. United finished third in the Premier League last season after a dramatic turnaround under then‑interim manager Michael Carrick, who won 11 of his 16 matches in charge in the second half of the campaign. That followed a difficult previous season in which the side finished 15th under Ruben Amorim and lost the Europa League final to Tottenham.
United also disclosed a cost saving of more than £8m following former manager Ruben Amorim’s appointment at AC Milan. Amorim and his coaching staff had been due a severance package of £16.7m after their dismissal; that figure was reduced after the staff accepted new roles in Italy.
The club confirmed progress on its long‑term stadium plans, announcing it has secured the land required for a proposed new 100,000‑seat stadium. Some additional land remains to be acquired, but United said no issues were expected in completing the required purchases and that securing the site was a “major milestone.”
Commenting on the results, chief executive Omar Berrada said the record revenue underlined “the underlying strength of our business” and reaffirmed the club’s commitment to financial discipline. “This shows the direct impact of the work we have been doing over the past two years,” he said. “It also proves Manchester United’s enduring popularity and commercial strength. While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable.”
Berrada added that the club had strengthened both its men’s and women’s teams during the summer transfer window and welcomed the return of Champions League football to Old Trafford as an important commercial and sporting boost.
Looking ahead, United said it will continue to prioritise financial sustainability while progressing long‑term infrastructure plans and building on the on‑pitch improvements that helped restore top‑four status.
