Flamengo secured 29th position among the highest-earning football clubs in the world on January 22, 2026, after Deloitte published its global financial survey. Deloitte recorded 202.7 million euros in operational revenue for the Rio de Janeiro management, an amount equal to 1.26 billion reais that pushed the Brazilian team past its previous 30th position in the international standings. Real Madrid captured first place for the third consecutive season after collecting 1.161 billion euros, totaling approximately 7.23 billion reais. The Spanish squad prevailed.
The Football Money League study analyzes the annual revenue generated by clubs across the preceding competitive season. The Madrid side retained the top spot across the 2024 and 2025 editions after unseating Manchester City, which held the lead back in 2023.
Flamengo marked its second appearance among the top thirty clubs since the publication began tracking earnings in the 1996/1997 campaign. The Brazilian side improved its standing by one spot compared to the preceding edition. That upward movement followed a total intake exceeding 1.26 billion reais.
The accounting methodology tallies receipts from matchday ticket sales, television broadcast rights, and corporate sponsorship contracts. Deloitte excludes player transfer fees from the final team revenue calculations.
Deloitte tracks the thirty soccer clubs generating the highest income
- Real Madrid: 1.161 billion euros
- Barcelona: 974.8 million euros
- Bayern Munich: 860.6 million euros
- Paris Saint-Germain: 837 million euros
- Liverpool: 836.1 million euros
- Manchester City: 829.3 million euros
- Arsenal: 821.7 million euros
- Manchester United: 793.1 million euros
- Tottenham: 672.6 million euros
- Chelsea: 584.1 million euros
- Inter Milan: 537.5 million euros
- Borussia Dortmund: 531.3 million euros
- Atletico Madrid: 454.5 million euros
- Aston Villa: 450.2 million euros
- Milan: 410.4 million euros
- Juventus: 401.7 million euros
- Newcastle: 398.4 million euros
- Stuttgart: 296.3 million euros
- Benfica: 283.4 million euros
- West Ham: 276 million euros
- Eintracht Frankfurt: 269.9 million euros
- Brighton: 238.7 million euros
- Everton: 234 million euros
- Crystal Palace: 232.5 million euros
- Bournemouth: 218.5 million euros
- Roma: 216.3 million euros
- Wolverhampton: 206.3 million euros
- Brentford: 206 million euros
- Flamengo: 202.7 million euros
- Marseille: 188.7 million euros