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

Manchester United (MANU) has reported Operating Expenses for 16 consecutive years, with -$241.6 million the latest figure, recorded 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 -$978.8 million, down 1.1% from the prior year.
• Operating Expenses was -$241.6 million for Q1 2026 at Manchester United, down 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.
• Across the five-year window, Operating Expenses decreased 25.4% in 2023 and gained 20.99% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at -$196.6 million in 2022, then declined by 25.4% to -$246.6 million in 2023, then decreased by 2.28% to -$252.2 million in 2024, then gained by 8.26% to -$231.4 million in 2025, then declined by 4.42% to -$241.6 million in 2026.
• The last three Operating Expenses figures came in at -$241.6 million (Q1 2026), -$231.4 million (Q4 2025), and -$232.6 million (Q3 2025), per Business Quant data.