Inter post €22.7m profit despite revenue drop after Champions League final windfall
Quick summary
Inter Milan reported a €22.7 million profit for the financial year despite a drop in revenue, with the Champions League final run providing a significant financial boost.
Full article
Attributed to original sourceInter recorded a net profit of €22.7m for the 2025-26 financial year, their second positive result in a row under Oaktree’s ownership.
According to Calcio e Finanza , the figure is down from €35.4m the previous year, when the Nerazzurri benefited from reaching the Champions League final and taking part in the expanded Club World Cup.
Revenue fell from €567m to €517.7m, though it is still the second-highest turnover in the club’s history. The drop came largely from UEFA television income, which almost halved from €136.8m to €73.8m, and from the €31.4m earned at the Club World Cup not being repeated.
MILAN, ITALY – OCTOBER 10: Marcus Thuram of FC Internazionale Milano celebrates scoring his team’s third goal with team mates during the Serie A match between FC Internazionale and Parma Calcio at Stadio Giuseppe Meazza on October 10, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images) Inter revenue and costs: where the money came from Commercial revenue rose to €150.8m, and player trading brought in €33.1m, including €19.9m in capital gains. Matchday income dipped to €92m. Other revenue jumped to €72.9m, boosted by a €22.3m share of the settlement between Serie A, its clubs and IMG over international TV rights from 2008 to 2018.
On the other side of the ledger, operating costs fell 4 per cent to €462.8m. Staff costs dropped to €239.7m, as lower spending on coaching staff and performance bonuses offset a rise in players’ wages from €154.6m to €161m. Amortisation also fell, to €79.9m.
Net financial costs more than halved to €16.8m following the refinancing of the club’s bond, which cushioned the blow from lower revenue.
Inter’s consolidated equity returned to positive territory at €10.4m, up from -€12.3m a year earlier. Total debt edged up to €665.4m, including €346.8m in bonds, while cash reserves rose slightly to €120m.
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What happened
Inter Milan have announced a profit of €22.7 million for the most recent financial year, even as overall revenue declined. The club's run to the Champions League final generated a substantial windfall that helped offset the revenue dip. The figures highlight how European competition performance remains a critical financial driver for top Italian clubs navigating an evolving economic landscape in Serie A.
Chance analysis
Inter's ability to post a €22.7m profit while revenue fell underscores just how decisive a deep Champions League run can be for an Italian club's bottom line. The contrast — lower top-line revenue paired with a healthy profit — points to UEFA prize money and performance-related bonuses doing the heavy lifting. For a club still working to balance competitiveness with sustainability under financial fair play constraints, the result is encouraging, but it also raises the question of what happens if European performances regress next season.
Inter's profitability is reinforced by Champions League earnings, supporting squad investment capacity but creating dependency on continued European success.