Club finances · statutory accounts

Arsenal finances

Reporting entity
Arsenal Holdings Limited
Latest period
Year to 31 May 2025 (FY2025 · the 2023/24 season)
Company number
04250459
Accounts
Consolidated (whole group)
Filed
27 February 2026

These figures come from the accounts the club files by law at Companies House. Anything a filing does not disclose is shown as Not disclosed — FixtureShark never estimates it. Read the original FY2025 filing.

← Arsenal

In brief

In the year to 31 May 2025, Arsenal brought in revenue of £691m, up from £616.6m the year before. The club made an operating loss of £63.2m and ended the year with net assets of £126.5m.

More revenue is not the same as financial health: read it alongside profit or loss, cash and net assets.

FY2025 at a glance

  • Revenue

    £691m

    £690,998,000

  • Operating loss

    £63.2m

    £63,208,000

  • Loss before tax

    £1.35m

    £1,348,000

  • Cash

    £56m

    £55,994,000

  • Borrowings

    £358.3m

    £358,294,000

  • Net assets

    £126.5m

    £126,465,000

  • Average employees

    871

Revenue
£344.5mFY2020£328.2mFY2021£371.9mFY2022£466.7mFY2023£616.6mFY2024£691mFY2025

Bigger is not automatically healthier.

Show as a table
Revenue, by financial year
YearValue
FY2020£344.5m
FY2021£328.2m
FY2022£371.9m
FY2023£466.7m
FY2024£616.6m
FY2025£691m
Profit or loss before tax
-£54mFY2020-£127.2mFY2021-£45.5mFY2022-£52.1mFY2023-£17.7mFY2024-£1.35mFY2025
Show as a table
Profit or loss before tax, by financial year
YearValue
FY2020Loss before tax £54m
FY2021Loss before tax £127.2m
FY2022Loss before tax £45.5m
FY2023Loss before tax £52.1m
FY2024Loss before tax £17.7m
FY2025Loss before tax £1.35m
Cash
£110mFY2020£18.8mFY2021£30mFY2022£42.8mFY2023£66.8mFY2024£56mFY2025
Show as a table
Cash, by financial year
YearValue
FY2020£110m
FY2021£18.8m
FY2022£30m
FY2023£42.8m
FY2024£66.8m
FY2025£56m
Net assets or liabilities
£345.1mFY2020£237.8mFY2021£192.3mFY2022£145.5mFY2023£127.9mFY2024£126.5mFY2025
Show as a table
Net assets or liabilities, by financial year
YearValue
FY2020Net assets £345.1m
FY2021Net assets £237.8m
FY2022Net assets £192.3m
FY2023Net assets £145.5m
FY2024Net assets £127.9m
FY2025Net assets £126.5m
Average employees
703FY2020634FY2021649FY2022723FY2023826FY2024871FY2025
Show as a table
Average employees, by financial year
YearValue
FY2020703
FY2021634
FY2022649
FY2023723
FY2024826
FY2025871
Staff costs
£234.5mFY2020£244.4mFY2021£212.3mFY2022£234.8mFY2023£327.8mFY2024£346.8mFY2025
Show as a table
Staff costs, by financial year
YearValue
FY2020£234.5m
FY2021£244.4m
FY2022£212.3m
FY2023£234.8m
FY2024£327.8m
FY2025£346.8m

Every year

Arsenal published figures by financial year
FigureFY2020FY2021FY2022FY2023FY2024FY2025
Revenue£344.5m£328.2m£371.9m£466.7m£616.6m£691m
Matchday revenue£78.7m£3.76m£79.4m£102.6m£131.7m£153.9m
Broadcast revenue£118.9m£184.4m£146m£191.2m£262.3m£272.8m
Commercial revenue£142.3m£136.4m£141.7m£169.3m£218.3m£263.2m
Other revenue£4.56m£3.7m£4.81m£3.58m£4.41m£1.17m
Staff costs£234.5m£244.4m£212.3m£234.8m£327.8m£346.8m
Operating profit or loss-£99m-£97.9m-£61m-£55.2m-£48.4m-£63.2m
Profit or loss before tax-£54m-£127.2m-£45.5m-£52.1m-£17.7m-£1.35m
Profit or loss after tax-£47.8m-£107.3m-£45.5m-£52.1m-£17.7m-£1.38m
Player amortisation£109.1m£117.4m£124.6m£139.1m£171.1m£171.6m
Player impairment£4.17m£0£2.46m£18.1m£0£15.2m
Profit or loss on player sales£60m£11.8m£22.2m£10.7m£51.1m£81.2m
Cash£110m£18.8m£30m£42.8m£66.8m£56m
Borrowings£194.6m£217.9m£234.3m£276.2m£341.8m£358.3m
Total assets£936.4m£787.9m£833.1m£954.9m£1049.6m£1029.5m
Total liabilities£591.3m£550.1m£640.8m£809.4m£921.7m£903m
Net assets or liabilities£345.1m£237.8m£192.3m£145.5m£127.9m£126.5m
Average employees703634649723826871
Staff costs as a share of revenue FixtureShark-derived68%74%57%50%53%50%
  • — Not disclosed in that year’s filing. A disclosed zero is shown as £0.
  • Negative figures, in red, are losses or net liabilities.
  • Rows marked FixtureShark-derived are calculated by FixtureShark from the filed figures; everything else is as filed.

Sources and definitions

Where each figure comes from

Total revenue/turnover reported for the period.

Sources for Revenue
YearPublishedXBRL conceptAs filedFilingMappingDocument
FY2020£344,527,000pdf:GroupTurnover344,527 GBP thousandsAA-2021-03-16v1Filing
FY2021£328,222,000pdf:GroupTurnover328,222 GBP thousandsAA-2022-03-11v1Filing
FY2022£371,907,000pdf:GroupTurnover371,907 GBP thousandsAA-2023-02-20v1Filing
FY2023£466,685,000pdf:GroupTurnover466,685 GBP thousandsAA-2024-02-26v1Filing
FY2024£616,580,000pdf:GroupTurnover616,580 GBP thousandsAA-2025-02-21v1Filing
FY2025£690,998,000pdf:GroupTurnover690,998 GBP thousandsAA-2026-02-27v1Filing

“As filed” is the value exactly as it appears in the filing’s machine-readable (iXBRL) data. A dash means the filing did not disclose this figure. The mapping version records which rule turned the filed concept into this figure.

What each figure means
Revenue
Total revenue/turnover reported for the period.
Matchday revenue
Revenue attributable to matchday activities where separately disclosed.
Broadcast revenue
Revenue attributable to broadcasting/media rights where separately disclosed.
Commercial revenue
Revenue attributable to commercial activities where separately disclosed.
Other revenue
Other revenue not included in the principal disclosed categories.
Staff costs
Total staff/employee costs reported for the period.
Operating profit or loss
Operating profit or loss reported for the period.
Profit or loss before tax
Profit or loss before taxation.
Profit or loss after tax
Profit or loss after taxation for the financial period.
Player amortisation
Amortisation of player registrations/intangible player assets.
Player impairment
Impairment of player registrations/intangible player assets.
Profit or loss on player sales
Profit recognised on disposal of player registrations.
Cash
Cash and cash equivalents at the reporting date.
Borrowings
Interest-bearing borrowings disclosed at the reporting date; definition excludes derived net debt.
Total assets
Total assets at the reporting date.
Total liabilities
Total liabilities at the reporting date.
Net assets or liabilities
Net assets/equity at the reporting date.
Average employees
Average number of employees during the reporting period.
Staff costs as a share of revenue (FixtureShark-derived)
Staff costs divided by total revenue.

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