Despite world record turnover, Madrid's profit margin is low

Real Madrid pre-tax profit margin, 2009-10 to 2024-25

Line chart of Real Madrid's pre-tax profit margin from 2009-10 to current 2025-26 season, where despite huge revenue increases in recent years the margin has not returned to pre-pandemic levels.

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Note: Margin determined by dividing pre-tax profit by total revenues.

Source: club financial statements