NYSE$MANU
Manchester United · Q4 2026 earnings
Q4 2026 earnings · · Before market open · Investor relations
Briefing
Manchester United reports record full-year revenue of £677.6 million despite no European competition.
Manchester United achieved record full-year revenue of £677.6 million for fiscal 2026, up 1.7% from £666.5 million, with operating profit turning to £22.6 million from a prior-year loss. Q4 revenue was £157.5 million and adjusted EBITDA £28.9 million, down from prior-year comparatives due to match phasing and prior events. The club posted a full-year net loss of £43.0 million and introduced FY2027 guidance of £740-760 million revenue and £205-225 million adjusted EBITDA.
- Record full-year revenue of £677.6m despite no UEFA competition participation.
- Full-year adjusted EBITDA reached record £216.4m, up 18.4%.
- Q4 revenue £157.5m and adjusted EBITDA £28.9m, impacted by Premier League match phasing.
- FY2027 guidance set at £740-760m revenue and £205-225m adjusted EBITDA with Champions League return.
Headline financials
Revenue & EPS history
Manchester United · Revenue · Quarterly
£210M
Revenue by segment
Manchester United · £158M total across 3 segments · Q4 2026
- Commercial£72.2M—45.8%
- Broadcasting£49.7M—31.6%
- Matchday£35.6M—22.6%
Forward guidance
For full year fiscal 2027, revenue guidance of £740 million to £760 million and adjusted EBITDA guidance of £205 million to £225 million.
Tailwinds
- Return to UEFA Champions League expected to boost revenue.
- Improved Premier League performance continuing.
Headwinds
- Increased player staff costs associated with Champions League participation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+1.3%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+4.2%
Avg return
30 days after
54%
7 / 13 earnings
Positive
+18.8%
Q3 2025
Best reaction
-6.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | +11.9% | +10.7% | — | |
| Q2 2026 | -2.1% | -0.1% | -7.8% | |
| Q4 2025 | -6.4% | -7.6% | +9.2% | |
| Q3 2025 | +18.8% | +22.3% | +26.7% | |
| Q1 2025 | -3.0% | +0.0% | -3.2% | |
| Q4 2024 | +1.1% | +0.6% | +4.6% | |
| Q2 2024 | -1.2% | -1.4% | -4.4% | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -4.3% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2011 | — | — | — |
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