Borussia Dortmund: revenues (excluding transfers) of €460.5m (-12.4%) & a net loss of €21.7m in 2025-26

Borussia Dortmund (Bundesliga) posted revenues excluding transfers of €460.5m in the 2025-26 financial year (1 July 2025 to 30 June 2026), compared with €526m as of 30 June 2025, down 12.4%, announced the club on 21 August 2026. However, BVB’s revenues including player transfers amounted to €537.2m, down 9% compared with 2024-25 (€589.6m).

The German club posted a negative net result for the first time after three consecutive profitable financial years, with a net loss of €21.7m (compared with a profit of €6.5m in 2024-25).

These figures for the 2025-26 season can be explained in particular by Borussia Dortmund’s early elimination from the Champions League (in the play-offs for the round of 16 against Atalanta BC), after reaching the quarter-finals the previous season.

The decline in…