Manchester United (MANU) Operating Expenses (2011 - 2026)

Manchester United's (MANU) quarterly Operating Expenses came in at -$241.6 million in Q1 2026, down 18.31% year-on-year from -$295.7 million in Q1 2025, and down 4.42% on a QoQ basis from -$231.4 million in Q4 2025.

Manchester United (MANU) Operating Expenses (2011 - 2026) Analysis & Trends

Manchester United (MANU) has 16 years of Operating Expenses data on file, last reported at -$241.6 million in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 18.31% year-over-year to -$241.6 million in Q1 2026; TTM through Mar 2026 was -$958.3 million, a 3.44% decrease from a year earlier, with the FY2025 full-year figure at $949.4 million, down 1.93% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$241.6 million, down from -$231.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for MANU reached as high as -$192.9 million in Q3 2022 and fell as low as -$258.4 million in Q1 2024.
  • Historically, Operating Expenses has averaged -$230.1 million across 5 years, with a median of -$232.6 million in 2025.
  • Across the five-year window, Operating Expenses retreated 25.4% in 2023 and rose 20.99% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at -$196.6 million in 2022, then slipped by 25.4% to -$246.6 million in 2023, then fell by 2.28% to -$252.2 million in 2024, then increased by 8.26% to -$231.4 million in 2025, then slipped by 4.42% to -$241.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$241.6 million in Q1 2026, -$231.4 million in Q4 2025, and -$232.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 1.32 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 21.38 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn 1.52 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 647.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 513.16 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 1.26 Bn
8 Fox 20.85 Bn 17.36 Bn - 2.49 Bn
9 News 16.48 Bn 15.01 Bn - 952.00 Mn
10 Manchester United 3.86 Bn 3.77 Bn - -241.58 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -241.58 Mn
Dec 31, 2025 -231.36 Mn
Sep 30, 2025 -232.61 Mn
Jun 30, 2025 -252.77 Mn
Mar 31, 2025 -204.20 Mn
Dec 31, 2024 -252.20 Mn
Sep 30, 2024 -241.13 Mn
Jun 30, 2024 -228.94 Mn
Mar 31, 2024 -258.44 Mn
Dec 31, 2023 -246.57 Mn
Sep 30, 2023 -234.04 Mn
Jun 30, 2023 -216.68 Mn
Mar 31, 2023 -214.75 Mn
Dec 31, 2022 -196.63 Mn
Sep 30, 2022 -192.86 Mn
Jun 30, 2022 -230.87 Mn
Mar 31, 2022 -235.32 Mn
Dec 31, 2021 -242.26 Mn
Sep 30, 2021 -212.44 Mn
Jun 30, 2021 -192.67 Mn