Manchester United annual free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Manchester United Free Cash Flow (FCF) History (MANU)
Manchester United reported £28.0M in free cash flow for fiscal 2025, a decrease of 58.95% from the previous fiscal year, with a free cash flow margin of 4.20%.
View full Manchester United company overviewManchester United free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-06-30 | £28.0M | −£40.2M | −58.95% | +4.20% |
| 2024 | 2024-06-30 | £68.2M | −£12.0M | −14.97% | +10.30% |
| 2023 | 2023-06-30 | £80.2M | −£7.9M | −8.96% | +12.36% |
| 2022 | 2022-06-30 | £88.0M | −£18.8M | −17.59% | +15.10% |
| 2021 | 2021-06-30 | £106.8M | £132.0M | — | +21.62% |
| 2020 | 2020-06-30 | −£25.1M | −£256.2M | — | −4.93% |
| 2019 | 2019-06-30 | £231.0M | £149.1M | +181.80% | +36.84% |
| 2018 | 2018-06-30 | £82.0M | −£137.3M | −62.61% | +13.90% |
| 2017 | 2017-06-30 | £219.3M | £38.3M | +21.16% | +37.73% |
| 2016 | 2016-06-30 | £181.0M | — | — | +35.12% |
Manchester United quarterly free cash flow
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2025-12-31 | −£13.2M | £20.2M | — | −6.92% |
| Q2 2025 | 2024-12-31 | −£70.2M | −£67.8M | — | −35.31% |
| Q2 2024 | 2023-12-31 | −£49.3M | −£24.2M | — | −21.86% |
| Q2 2023 | 2022-12-31 | −£64.2M | −£19.4M | — | −38.37% |
| Q2 2022 | 2021-12-31 | −£33.4M | £15.3M | — | −17.99% |
| Q2 2021 | 2020-12-31 | −£2.4M | — | — | −1.38% |
| Q2 2020 | 2019-12-31 | −£25.1M | — | — | −14.90% |
| Q2 2019 | 2018-12-31 | −£44.8M | — | — | −21.49% |
| Q2 2018 | 2017-12-31 | −£48.7M | — | — | −27.43% |
Manchester United free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −£25.1M to £28.0M, a net increase of £53.1M. Manchester United's latest reported quarter, Q2 2026, generated −£13.2M in free cash flow, an increase of £20.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Manchester United filings at SEC.gov ↗