Growth Metrics

Manchester United (MANU) Operating Expenses (2016 - 2025)

Manchester United has reported Operating Expenses over the past 15 years, most recently at -$231.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 8.26% year-over-year to -$231.4 million; the TTM value through Dec 2025 reached -$920.9 million, up 6.09%, while the annual FY2025 figure was $978.8 million, 0.9% up from the prior year.
  • Operating Expenses was -$231.4 million for Q4 2025 at Manchester United, up from -$232.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$190.9 million in Q1 2021 and bottomed at -$258.4 million in Q1 2024.
  • The 5-year median for Operating Expenses is -$231.1 million (2022), against an average of -$225.4 million.
  • Year-over-year, Operating Expenses crashed 33.33% in 2021 and then rose 20.99% in 2025.
  • Over 5 years, Operating Expenses stood at -$242.3 million in 2021, then rose by 18.84% to -$196.6 million in 2022, then dropped by 25.4% to -$246.6 million in 2023, then dropped by 2.28% to -$252.2 million in 2024, then rose by 8.26% to -$231.4 million in 2025.
  • The last three reported values for Operating Expenses were -$231.4 million (Q4 2025), -$232.6 million (Q3 2025), and -$252.8 million (Q2 2025) per Business Quant data.