Manchester United annual operating expenses
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Manchester United Operating Expenses Growth & History (MANU)
Manchester United's operating expenses was £733.7M for fiscal 2025.
View full Manchester United company overviewManchester United annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-06-30 | £733.7M | −£34.8M | −4.53% |
| 2024 | 2024-06-30 | £768.5M | £87.4M | +12.83% |
| 2023 | 2023-06-30 | £681.1M | −£11.4M | −1.65% |
| 2022 | 2022-06-30 | £692.5M | £154.1M | +28.62% |
| 2021 | 2021-06-30 | £538.4M | £16.2M | +3.11% |
| 2020 | 2020-06-30 | £522.2M | −£80.7M | −13.39% |
| 2019 | 2019-06-30 | £602.9M | £38.9M | +6.90% |
| 2018 | 2018-06-30 | £564.0M | £52.7M | +10.30% |
| 2017 | 2017-06-30 | £511.3M | £74.6M | +17.08% |
| 2016 | 2016-06-30 | £436.7M | — | — |
Manchester United quarterly operating expenses
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-03-31 | £179.2M | £17.1M | +10.52% |
| Q2 2026 | 2025-12-31 | £173.9M | −£22.6M | −11.48% |
| Q1 2026 | 2025-09-30 | £172.4M | — | — |
| Q4 2025 | 2025-06-30 | £175.1M | — | — |
| Q3 2025 | 2025-03-31 | £162.1M | — | — |
| Q2 2025 | 2024-12-31 | £196.5M | −£2.2M | −1.09% |
| Q2 2024 | 2023-12-31 | £198.7M | £31.0M | +18.50% |
| Q2 2023 | 2022-12-31 | £167.6M | −£12.1M | −6.72% |
| Q2 2022 | 2021-12-31 | £179.7M | £41.1M | +29.61% |
| Q2 2021 | 2020-12-31 | £138.7M | £7.4M | +5.64% |
| Q2 2020 | 2019-12-31 | £131.3M | −£29.0M | −18.10% |
| Q2 2019 | 2018-12-31 | £160.3M | £24.0M | +17.63% |
| Q2 2018 | 2017-12-31 | £136.3M | — | — |
Manchester United operating expenses trends
Over the last five fiscal years, Manchester United's operating expenses increased from £522.2M to £733.7M, a change of £211.5M. The latest reported quarter, Q3 2026, shows £179.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Manchester United source filings ↗