Manchester United (MANU) Operating Expenses (2011 - 2026)
Manchester United (MANU) reported Operating Expenses of -$241.6 million for Q1 2026, down 18.31% year-over-year from -$295.7 million in Q1 2025, and down 4.42% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at -$241.6 million, down 18.31% year-over-year; the trailing twelve-month figure through Mar 2026 was -$958.3 million (down 3.44% YoY), and the FY2025 annual result was $978.8 million, up 0.9% from the prior year.
- Operating Expenses eased to -$241.6 million in Q1 2026 per MANU's latest filing, from -$231.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$192.9 million in Q3 2022 and troughed at -$258.4 million in Q1 2024.
- A 5-year average of -$230.1 million and a median of -$232.6 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slipped 25.4% in 2023, then advanced 20.99% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$196.6 million in 2022, then fell by 25.4% to -$246.6 million in 2023, then slipped by 2.28% to -$252.2 million in 2024, then advanced by 8.26% to -$231.4 million in 2025, then fell by 4.42% to -$241.6 million in 2026.
- Business Quant data shows MANU's Operating Expenses at -$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 | 327.69 Bn | 315.40 Bn | 11.41 Bn | 1.56 Bn |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | 21.38 Bn |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | 11.36 Bn |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | 1.60 Mn |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | 1.06 Bn |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | 647.00 Mn |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | 2.49 Bn |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 513.16 Mn |
| 9 | News | 15.92 Bn | 14.45 Bn | - | 952.00 Mn |
| 10 | Manchester United | 1.69 Mn | -114.55 Mn | - | -241.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |