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
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