Borussia Dortmund (BVB) Q1 2026 earnings summary

Executive summary

• Undefeated start in Bundesliga, second place after five match days with 13 points.

• Advanced in DFB Cup and reached quarter-finals in FIFA Club World Cup, earning €11.15 million.

• New major sponsorships with Vodafone, Polestar, REWE, and Konami; extended PUMA contract.

• Head coach Niko Kovač extended contract to 2027.

• Published first CSRD-compliant sustainability statement among German football clubs.

Financial highlights

• Revenue stable at €107.0 million, nearly unchanged year-over-year.

• Consolidated total operating proceeds rose to €175.3 million, up €33.9 million from prior year.

• Net profit surged to €22.9 million from €1.6 million year-over-year.

• EBITDA more than doubled to €54.3 million; EBIT up to €26.5 million from €1.2 million.

• Free cash flow improved to €16.6 million from negative €24.3 million.

Outlook and guidance

• Full-year revenue forecast at €475 million; total operating proceeds at €555 million.

• EBITDA guidance for the year: €105–115 million; EBIT and net profit expected between -€5 million and €5 million.

• No changes to forecast or risk assessment since last annual report.