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| 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 |