Although their financial problems have not yet been fully resolved, FC Barcelona have made significant improvements in this regard over the last few years.
As [Mundo Deportivo](https://www.mundodeportivo.com/futbol/fc-barcelona/20260226/1004136866/informe-uefa-barca-lider-ingresos-venta-camisetas-merchandising.html) has noted, this is clear from the latest financial study published by UEFA, which places FC Barcelona at the top of European football when it comes to revenue generated from shirt sales and merchandising.
With a turnover of €277 million in this category, the Catalan club sits comfortably ahead of Real Madrid on €231 million, according to the governing body’s detailed 2025 financial report.
The findings form part of the Annual Report on the European Club Finance and Investment Landscape, which highlights a clear recovery and strengthening of Barcelona’s economic position.
Beyond merchandise sales, the club also ranks second overall for total income, second in commercial revenue, and fifth in matchday takings, a reflection of the temporary limitations placed on stadium capacity during the [ongoing renovation of the Spotify Camp Nou](https://semprebarca.com/camp-nou-renovation-costs-soar-e200-300m-over-initial-budget-report/).
Even without Lionel Messi for four and a half years, Barcelona remain the leading force in global fan spending on club products. Their €277 million in shirt and merchandise revenue puts them well clear not only of Real Madrid but also of Europe’s other commercial heavyweights such as Bayern Munich, Manchester United, Arsenal, Liverpool, Tottenham Hotspur, Galatasaray, Chelsea, Paris Saint-Germain and Manchester City.
A major factor behind this sustained appeal is the emergence of Lamine Yamal, now a global star and wearer of the iconic number ten shirt after rising through La Masia.
Alongside him, Barcelona’s strong core of homegrown players has proven to be a powerful commercial draw eclipsing even high profile signings elsewhere such as Kylian Mbappé, whose high-profile arrival has not translated into superior merchandise income for his club.
In terms of total revenue, Barcelona are second in Europe with €989 million. Only Real Madrid sit higher, having reached €1.184 billion following the full operational return of the Santiago Bernabéu Stadium.
The next tier includes Bayern Munich, Manchester City, Liverpool, PSG, Arsenal, Manchester United, Tottenham, and Chelsea, all more than €100 million behind Barcelona.
Commercial income also tells a strong story. Barcelona generate €499 million from sponsorships and partnerships, which again places them second only to Real Madrid. They remain ahead of Manchester City, Bayern Munich, Manchester United, Liverpool, PSG, and Arsenal, reinforcing the club’s global brand strength despite recent sporting and infrastructural challenges.
Matchday revenue remains the one area where growth is still constrained. Having played at Montjuïc and now operating the Spotify Camp Nou at a reduced capacity of 45,401 seats, Barcelona currently sit joint fifth with Tottenham on €150 million in stadium income.
Once construction is complete, the revamped stadium will hold 104,600 spectators, a development expected to significantly boost future earnings and close the gap to clubs like Real Madrid, Arsenal, PSG, and Manchester United.
Finally, the report notes that Barcelona’s wage bill of €551 million is the second highest in European football, marginally below Manchester City. Crucially, however, it remains within the sustainability ratios set by UEFA and La Liga.
Overall, the report paints a picture of a club that has successfully leveraged youth identity, global appeal, and commercial power, and which stands poised for another major financial leap once the Spotify Camp Nou is fully reopened.