Real Madrid’s €356 Million Tax Bill Dents Record-Breaking €1.18 Billion Revenue Year

Madrid—Real Madrid have smashed through the billion-euro barrier, posting a record €1.185 billion in revenue for the 2024-25 fiscal year and becoming the first football club ever to reach that milestone. Yet the headline profit after tax—€24 million—highlights a steep fiscal toll: the Spanish giants handed €356.2 million to the Spanish Treasury and Social Security, a figure that dwarfs their bottom-line gain.

According to the club’s summer 2025 financial statement, the largest single outflow was personal taxation. Withholding on player and staff salaries, including Personal Income Tax (IRPF) and Non-Resident Income Tax (IRNR), totalled €221.8 million. Corporate Tax added another €5.9 million, while property and local levies (IBI) contributed €5.3 million. Social-security payments for both the club and employees reached almost €19 million, and net Value-Added Tax remitted to the authorities came in at €104.4 million.

The combined €356.2 million obligation underscores how Madrid’s unprecedented commercial success translates directly into public-sector contributions. President Florentino Pérez, re-elected until 2029, has overseen the surge, driven by stadium modernization and aggressive commercial expansion. Renewal talks with cornerstone sponsors Adidas and Fly Emirates, plus image-rights income from stars such as Kylian Mbappé, are projected to extend the revenue upswing. Pérez is also weighing a structural shift, mulling a 10% outside investment in a club now valued at €10 billion, a move aimed at keeping pace with state-backed competitors in football’s evolving financial landscape.