Palmeiras’ 2025 Accounts Approved With Record Revenue and Surplus From Player Sales

Overview

• Palmeiras’ Deliberative Council unanimously approved the 2025 administration report and audited financial statements on March 17.
• The club reported gross revenue of R$ 1.783 billion and a surplus of R$ 292 million for 2025, beating a prior budget target of R$ 12.4 million.
• Transfer-related income reached R$ 653.2 million as reported by O Globo, with the club noting R$ 602 million representing about 40% of revenue and a net gain of R$ 602.2 million from player sales.
• Major operations included Vitor Reis to Manchester City (R$ 215.3 million), Estêvão to Chelsea (R$ 153.6 million) and Richard Ríos to Benfica (R$ 140.3 million), with partial recognition from Endrick’s move and FIFA solidarity receipts also recorded.
• Prize money jumped 374% to R$ 327 million driven by Club World Cup participation in the United States, while spending on incoming players hit R$ 848 million plus R$ 122 million in signing bonuses and significant commissions, including over R$ 30 million to agents with examples such as R$ 19.4 million tied to Vitor Reis.