Manchester United (MANU) Operating Expenses (2011 - 2025)

Manchester United (MANU) has 15 years of Operating Expenses data on file, last reported at -$231.4 million in Q4 2025.

• In Q4 2025, Operating Expenses rose 8.26% year-over-year to -$231.4 million; the TTM figure through Dec 2025 stood at -$920.9 million (up 6.09% YoY), while the FY2025 annual figure was $978.8 million, up 0.9% from the prior year.
• Operating Expenses climbed to -$231.4 million in Q4 2025, 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.
• A 5-year average of -$225.4 million and a median of -$231.1 million in 2022 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2021 — Operating Expenses slumped 33.33% — and 2025, when it gained 20.99%.
• Year by year, Operating Expenses stood at -$242.3 million in 2021, then gained by 18.84% to -$196.6 million in 2022, then decreased by 25.4% to -$246.6 million in 2023, then declined by 2.28% to -$252.2 million in 2024, then grew by 8.26% to -$231.4 million in 2025.
• The last three Operating Expenses figures came in at -$231.4 million (Q4 2025), -$232.6 million (Q3 2025), and -$252.8 million (Q2 2025), per Business Quant data.

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