Borussia Dortmund (BVB) Q3 2026 earnings summary

Executive summary

• Revenue for Q1–Q3 2025/2026 was €371.4M, down €22M year-over-year; net profit fell to €5.9M from €12.9M.

• EBITDA rose to €94.1M from €88.3M, but EBIT dropped to €9.5M from €14.9M year-over-year.

• Elimination from the UEFA Champions League knockout phase led to a downward revision of full-year earnings guidance.

• Major sponsorship changes included Vodafone as new kit sponsor and extended deals with PUMA and other partners.

• Significant player transfers and contract extensions shaped the squad and financials.

Financial highlights

• Revenue for Q1–Q3 2025/2026: €371.4M (down from €393.3M year-over-year).

• Net profit for Q1–Q3 2025/2026: €5.9M (down from €12.9M year-over-year).

• EBITDA: €94.1M (up from €88.3M year-over-year); EBIT: €9.5M (down from €14.9M).

• Free cash flow: €0.7M (down from €2.5M year-over-year).

• Net transfer income rose to €55.1M from €34.8M year-over-year.

Outlook and guidance

• Full-year net result revised to a loss of €12M–€22M due to early Champions League exit.

• Previous guidance was for breakeven; all financial indicators negatively impacted by cup elimination.