Image Credits: Imago Images
Liverpool formally published their annual accounts for the year ending 31 May 2025 at the end of February, confirming a record revenue figure of £703m in their 20th title‑winning season
The club announced an £8m profit after tax, driven by surging media income, higher matchday takings and continued commercial growth, even as overall costs – particularly wages and staffing – continued to climb. Those headline numbers painted a picture of a financially powerful, but tightly run, operation under FSG.
Football finance expert Kieran Maguire has now poured over the full accounts filed at Companies House and pulled out a series of more detailed takeaways.
He notes that revenue of £703m represents a 14% year‑on‑year rise, while the wage bill has jumped to around £418m, with staff numbers growing to more than 1,000 as Liverpool continue to scale their off‑pitch operation. The club’s wages‑to‑revenue ratio sits close to 60%, still within a broadly sustainable band.
Metric (2024/25) Figure
Revenue £703m (↑14%)
Profit after tax £8m
Wage bill ~£418m
Player sale profits £53m
Net transfer spend £229m
Borrowings £351m (mainly to owners)
Maguire also highlights healthy player‑trading figures, with player sale profits of £53m helping to support a net transfer spend of roughly £229m over the period. Transfer fee receivables stand at around £108m, with £120m still payable, reflecting the modern reality of long‑term, structured deals both in and out of Anfield.
Borrowings total £351m, mainly owed to the owners, though the relatively small profit and strong cash generation suggest the debt is currently manageable. One poignant detail is Maguire’s note that there will be an expense of £14m in the 2026/27 accounts linked to the tragic passing of Diogo Jota.
FSG submit Liverpool accounts to Companies House. More details than the press release a week ago, so 🔑figs
⚽️Revenue £703m ⬆️14%
⚽️Wages £418m ⬆️ 8%
⚽️Staff numbers 1,083 ⬆️ 72
⚽️Wages/Revenue 60% ⬇️3%
⚽️Highest paid director £2.31m ⬆️7%
⚽️Underlying loss £33m ⬇️50%
⚽️Insurance… pic.twitter.com/Hc30bgkGcT
— Kieran Maguire (@KieranMaguire) March 5, 2026
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