Arsenal achieved a 15% increase in revenue in 2025 to maintain their seventh-place ranking in the latest Deloitte Money League.
The annual report estimates the Gunners made €821.7 million across matchday, broadcast and commercial income streams, up from €717 million in 2024.
Consistently good performances on the pitch, which last year included another second-place finish in the Premier League, as well as a run to the semi-finals of both the Carabao Cup and Champions League, were significant factors.
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Takeaways
Real Madrid’s commercial revenue in 2025 reached €594m – a staggering €280m more than Arsenal’s.
Arsenal’s broadcast revenue was the third-highest in Europe in 2025, boosted by the club’s run to the Champions League semi-finals.
Matchday revenue at the Emirates is more than double that of Manchester City. Among English clubs, only Manchester United – with a 74,000-capacity stadium – generate more. Arsenal’s matchday takings have risen by nearly €60m in just two years.
Improved commercial income (€314m) has seen Arsenal leapfrog Chelsea (€239m) and significantly close the gap on Tottenham (€330m).
Wage control remains a strength: Arsenal reduced their wage-to-revenue ratio from 51% in 2024 to 49% in 2025 – the lowest among English clubs in the top 10. By comparison, Chelsea spend 72% of revenue on wages, with Aston Villa and Newcastle both at 71%.
Consistent growth across the board: Arsenal were one of just three Premier League clubs to increase revenue across all three key streams – commercial, matchday and broadcast – alongside Liverpool and Aston Villa.
Top 10 clubs in Europe
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Arsenal Women
Following their Champions League triumph, high attendances at home matches, particularly those at Emirates Stadium, and a new WSL TV deal, Arsenal Women have climbed to the top of the women’s rankings, up from second last year. Their total revenue was estimated to be €25.6 million (€17.9m in 2024) – up by 43% year-on-year.
They generated €2.4 million from broadcasting, €16.2 million from commercial activities, and €7 million from matchday revenue – almost double the amount achieved by second-place Chelsea and third-place Barcelona.
There’s a big gap between the top three and the clubs below. Manchester City, in fourth, only generated around half the revenue of Arsenal (€12.9m).
You can read the Deloitte Football Money League Women report here.
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Overall, the club’s owners will be encouraged by what they’re seeing both on and off the pitch, particularly with a significant conversation looming around a potential extension to the Emirates shirt and stadium naming rights deal, which currently runs until 2028.
Attention will now turn to what further levers the commercial team can pull. The adidas kit partnership is secured through to 2030, Sobha’s naming rights deal for the training ground appears firmly embedded for the long term, and a new sleeve sponsor in Deel is expected to be confirmed in due course.
There’s also been a clear uptick in secondary and tertiary partnerships, reflected in the ever-growing list of brand logos in the footer of the club’s website. Should Mikel Arteta deliver major silverware this season, it’s easy to imagine even more brands lining up to invest.
The elephant in the room remains the stadium – and whether the club is considering a wholesale regeneration of the Emirates nearly 20 years after moving in. With Real Madrid’s gleaming Bernabeu already setting a new benchmark, and a redeveloped Camp Nou set to follow, the bar for the modern matchday experience is rising fast. The question is whether Arsenal decide to keep pace.