FIFA earned $2.66 billion in 2025 and is heading for its largest cycle ever
FIFA, the world governing body of football, reported total revenue of $2.66 billion for the 2025 financial year, according to the FIFA Annual Report 2025 that the FIFA Council endorsed on 19 March 2026 and the FIFA Congress approved in Vancouver on 30 April 2026. That was the highest figure FIFA has ever booked in a year without a World Cup for men, and it was driven almost entirely by the first 32-team FIFA Club World Cup, played in the United States in June and July 2025.
One year tells only part of the story. FIFA plans, budgets and reports its finances in four-year cycles that end with the World Cup for men, and the bulk of its income is recognised in that final year. The last completed cycle, 2019 to 2022, produced $7.57 billion, a record at the time, with $5.77 billion of it booked in 2022, the year of the Qatar World Cup. The current 2023 to 2026 cycle has a revised revenue budget of $13 billion, and on 18 July 2026, the day before the World Cup final in New Jersey, FIFA President Gianni Infantino told member associations that he expected the cycle to top $15 billion. The budget for the following cycle, 2027 to 2030, foresees $14 billion.
This page tracks FIFA revenue across every year from 2015 to 2025 and every cycle from 2003 to the approved 2027 to 2030 budget. It explains why the annual figures swing so violently, shows how the mix of income streams has shifted, and covers the reserves and development funding that the revenue pays for. Detailed breakdowns of individual streams sit on dedicated pages, including our analysis of FIFA television broadcasting rights revenue and FIFA marketing rights revenue, and the wider organisation is profiled in our FIFA statistics overview.
FIFA revenue every year from 2015 to 2025
The chart below shows total revenue for each financial year since 2015, the first year of the 2015 to 2018 cycle and the first cycle reported on a consistent basis with the figures FIFA publishes today. The pattern is unmistakable: two towering World Cup years, 2018 ($4.64 billion) and 2022 ($5.77 billion), separated by years in which revenue fell to a few hundred million dollars. The lowest point was 2020, at $267 million, when the COVID-19 pandemic halted football and FIFA postponed or cancelled several tournaments.
Three spikes, not a trend line: 2022 revenue of $5.77 billion was 21.6 times the pandemic low of $267 million in 2020, and 2025 became the first year without a World Cup to pass $2 billion.
The 2025 figure stands out because it breaks the old rhythm. Until 2025, the year before a World Cup was always a quiet one: 2017 brought in $734 million and 2021 brought in $766 million. In 2025 FIFA earned more than three times as much, because the expanded Club World Cup generated its own broadcasting, sponsorship and ticketing income. FIFA had not included the tournament in its original 2023 to 2026 budget at all, which is one reason why the budget was raised from $11 billion to $13 billion in 2025.
| Year | Revenue | Change vs prior year | Main FIFA events in the year |
|---|---|---|---|
| 2015 | 544 | - | World Cup for women, Canada |
| 2016 | 502 | -7.7% | Club World Cup, Futsal World Cup |
| 2017 | 734 | +46.2% | Confederations Cup Russia |
| 2018 | 4,641 | +532% | World Cup Russia |
| 2019 | 766 | -83.5% | World Cup for women, France |
| 2020 | 267 | -65.1% | Pandemic, most events postponed |
| 2021 | 766 | +187% | Arab Cup, Club World Cup |
| 2022 | 5,769 | +653% | World Cup Qatar |
| 2023 | 1,170 | -79.7% | World Cup for women, Australia and New Zealand |
| 2024 | 483 | -58.7% | Futsal and youth tournaments, Intercontinental Cup |
| 2025 | 2,661 | +451% | 32-team Club World Cup USA |
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Source: FIFA Annual Reports 2018 to 2025. The 2015 to 2017 figures are those shown in the FIFA Annual Report 2018 on the current recognition basis. Percentage changes are BusinessStats calculations from unrounded figures where available.
Two numbers in the table deserve a note. The 2015 revenue of $544 million is the figure FIFA showed in its 2018 report; the original 2015 financial report had shown $1.15 billion because, until then, FIFA spread World Cup income across the four years of a cycle. And 2024, at $483 million, was the weakest year since the pandemic because it was the only year of the cycle without a senior flagship tournament: marketing rights of about $304 million made up most of the total, according to the 2024 accounts.
Why FIFA books most of its money in a single year
FIFA sells the commercial rights to the World Cup years in advance. Broadcasters and sponsors sign contracts that cover a whole cycle, and many pay in instalments long before a ball is kicked. Under the accounting rules FIFA applies, however, that money is not recognised as revenue until the event it relates to has taken place. Until then it sits on the balance sheet as a contract liability, sometimes called deferred revenue.
That is why the balance sheet tells a different story from the income statement in non-World Cup years. At the end of 2025 FIFA held total assets of about $9.48 billion, the largest in its history, against reserves of only $2.70 billion. Liabilities made up the other $6.78 billion. In earlier cycles the bulk of such liabilities in the year before a World Cup were contract liabilities for the coming tournament: when the 2022 World Cup was played, FIFA contract liabilities fell by 90 percent within a year as that income was recognised.
- Compare cycles, not single years: a non-World Cup year can be 10 to 20 times smaller than the World Cup year that follows it.
- Revenue is recognised when an event is played, so cash collected in advance shows up as a liability, not as income.
- Before the 2015 to 2018 cycle FIFA spread World Cup income over four years and counted financial income as revenue, so cycle totals before 2015 are not fully comparable.
- Budgets are approved by the FIFA Congress for a whole cycle and revised mid cycle; FIFA has beaten its revenue budget in the two most recent completed reporting periods.
- FIFA is a non-profit association under Swiss law, so a surplus adds to reserves instead of being paid out to owners.
The swing also shapes the bottom line. FIFA ran a deficit in every year from 2023 to 2025 (losses of $391 million, $612 million and $263 million) while it paid for development programmes, the 2023 World Cup for women and preparations for 2026. The surplus comes at the end: the revised budget assumes a 2026 surplus large enough to leave the cycle with a small positive result. Annual results are covered in more depth on our page about FIFA net income.
Revenue per World Cup cycle: from $2.6 billion to $14 billion
Measured by cycle, FIFA revenue has risen without a break for two decades. The 2003 to 2006 cycle, which ended with the World Cup in Germany, generated $2.63 billion. The South Africa cycle (2007 to 2010) reached $4.19 billion and the Brazil cycle (2011 to 2014) $5.72 billion. The Russia cycle (2015 to 2018) brought in $6.42 billion and the Qatar cycle (2019 to 2022) $7.57 billion, despite two pandemic years.
The biggest jump on record: the revised 2023-2026 budget of $13 billion is 72 percent above the $7.57 billion FIFA earned in 2019-2022.
The step to the current cycle is by far the largest. The revised budget of $13 billion for 2023 to 2026 is 72 percent higher than the actual revenue of the previous cycle. Three things explain most of the jump: the 2026 World Cup grew from 32 to 48 teams and from 64 to 104 matches, it is played in large North American stadiums with much higher ticket and hospitality prices, and the new Club World Cup added roughly $2.1 billion of income in 2025. The 2027 to 2030 budget of $14 billion assumes a further rise, although it is lower than the $15 billion that FIFA now expects the current cycle to reach.
| Cycle | World Cup host | Revenue | Growth vs previous cycle | Cycle result | Reserves at cycle end |
|---|---|---|---|---|---|
| 2003-2006 | Germany | 2,634 | - | +663 | n/a |
| 2007-2010 | South Africa | 4,189 | +59.0% | +631 | 1,280 |
| 2011-2014 | Brazil | 5,718 | +36.5% | +338 | 1,523 |
| 2015-2018 | Russia | 6,421 | +12.3% | +1,201 | 2,745 |
| 2019-2022 | Qatar | 7,568 | +17.9% | +1,187 | 3,971 |
| 2023-2026 (revised budget) | Canada, Mexico, USA | 13,000 | +71.8% | +100 (budget) | 2,699 at end of 2025 |
| 2027-2030 (budget) | Morocco, Portugal, Spain | 14,000 | +7.7% vs budget | n/a | - |
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Source: FIFA Financial Report 2010 (2003 to 2010), FIFA Financial Report 2014, FIFA Annual Reports 2018, 2022, 2024 and 2025, FIFA 2023-2026 and 2027-2030 budgets. Cycle totals up to 2014 include financial income and were recognised on the earlier, spread-over-the-cycle basis. The FIFA Annual Report 2018 compares 2015 to 2018 with a 2011 to 2014 base of about $5.53 billion, which suggests the like for like growth was nearer 16 percent. The 2030 World Cup will also open with three matches in Argentina, Paraguay and Uruguay.
The results column shows another constant: FIFA has closed every cycle since 2003 with a surplus. Between 2015 and 2022 it added $1.2 billion to reserves in each cycle, and the original 2023 to 2026 budget aimed for a result of $100 million on revenue of $11 billion. FIFA also has a record of beating its revenue budgets. In the 2019 to 2022 cycle it delivered $1.13 billion more than the $6.44 billion it had budgeted, and in 2025 it came in $225 million, or 9 percent, above target.
Where the money comes from: TV, sponsors, tickets and licences
FIFA reports revenue in five categories: television broadcasting rights, marketing rights (sponsorship), licensing rights, hospitality rights and ticket sales, and other revenue and income. The stacked chart below compares the mix across six cycles, from the South Africa cycle to the 2027 to 2030 budget. It is a summary only; the regional and contract detail for the two largest streams is on our dedicated pages for broadcasting rights and marketing rights, and a longer stream by stream history is kept on our page about FIFA revenue by stream.
Tickets became a pillar: hospitality and ticketing grew from $120 million in 2007-2010 to a budgeted $3.6 billion in 2023-2026, while the television share fell from 58 percent to about 40 percent.
Television has always been the largest stream, but its share is shrinking. In the 2007 to 2010 cycle broadcasting brought in $2.45 billion, or 58 percent of all revenue. By 2019 to 2022 it had grown to $3.43 billion but its share had fallen to 45 percent, and in the 2027 to 2030 budget it accounts for 43 percent ($6.06 billion). Marketing rights have held a steady quarter to a third of the total; the 2027 to 2030 budget puts them at $4.59 billion, an increase of about $1.25 billion on the revised 2023 to 2026 figure, and 36 percent of that amount was already contracted at the end of 2025.
The biggest structural change is in tickets and hospitality. In the FIFA accounts for 2007 to 2010 and 2011 to 2014 this line covered hospitality rights only, worth $120 million and $185 million, and World Cup ticket sales were not a FIFA revenue line. From the 2015 to 2018 cycle FIFA reports hospitality rights and ticket sales together, and the stream climbed to $712 million in 2015 to 2018 and $949 million in 2019 to 2022, of which $686 million came from tickets and $243 million from Qatar hospitality. In the revised 2023 to 2026 budget, ticketing and hospitality reach about $3.6 billion, close to 28 percent of the total, because the 2026 World Cup was played in 16 large stadiums across three countries.
| Stream | 2007-2010 | 2015-2018 | 2019-2022 | 2023-2026 budget | 2027-2030 budget |
|---|---|---|---|---|---|
| TV broadcasting rights | 58.4 | 48.7 | 45.3 | 40.5 | 43.3 |
| Marketing rights | 26.2 | 25.9 | 23.7 | 25.7 | 32.8 |
| Hospitality and ticketing | 2.9 | 11.1 | 12.5 | 27.7 | 19.0 |
| Licensing rights | 1.7 | 9.3 | 10.2 | 3.1 | 3.3 |
| Other revenue and income | 10.8 | 5.0 | 8.3 | 3.0 | 1.6 |
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Source: BusinessStats calculations from FIFA Financial Report 2010 and FIFA Annual Reports 2018, 2022 and 2025. The 2023-2026 stream values are the revised budget figures implied by the changes FIFA reports in its 2027-2030 budget; they add up to the $13 billion total. Other for 2007-2010 includes financial income.
Licensing is the stream that moved most in the other direction. It reached $769 million in the 2019 to 2022 cycle, up 28 percent, and in the pandemic year 2020 licensing brought in $159 million, about 60 percent of all FIFA revenue that year, much of it from video games. After the long licensing partnership for the FIFA video game series ended in 2022, the stream fell sharply: the revised 2023 to 2026 budget expects only about $400 million and the 2027 to 2030 budget $458 million.
2025: how the Club World Cup lifted revenue to $2.66 billion
FIFA revenue for 2025 came to $2,661 million, of which about $2.13 billion came from the Club World Cup in the United States, 6 percent more than FIFA had projected for the event. Television broadcasting rights were the largest stream at $1,044 million, nearly all of it from the global rights deal with the streaming service DAZN, which was worth $1 billion. Marketing rights contributed $965 million, of which $669 million was linked to the Club World Cup, and hospitality and ticketing $411 million ($261 million from tickets and $150 million from hospitality).
Television led again: broadcasting rights of $1.04 billion made up 39 percent of 2025 revenue, just ahead of marketing rights at 36 percent.
The Club World Cup did not make FIFA richer, and it was not designed to. FIFA said the tournament would have no effect on its reserves, and the 2025 accounts bear that out: costs linked to the event, including about $839 million to stage it, the $1 billion prize fund shared by the 32 clubs and a solidarity payment for clubs that did not take part, absorbed most of the income. Total expenses for the year were $3.17 billion, of which $2.04 billion was spent on competitions and events and $748 million on development and education. The year closed with a loss of $263 million, smaller than the $612 million loss of 2024. The winners and finalists of earlier editions are listed on our page about Club World Cup titles since 2000.
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total revenue | 1,170 | 483 | 2,661 |
| Development and education spending | 682 | 702 | 748 |
| Net result | -391 | -612 | -263 |
| Reserves at 31 December | 3,565 | 2,948 | 2,699 |
| Total assets at 31 December | 5,490 | 6,146 | 9,479 |
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Source: FIFA Annual Reports 2023, 2024 and 2025 (consolidated statements of comprehensive income and balance sheets). Net result includes financial result and taxes. Development and education is the cost category as reported by FIFA.
The 2023 to 2026 budget: from $11 billion to $13 billion
FIFA set its first budget for the current cycle in late 2022. The Finance Committee approved it in November 2022, the FIFA Council in December 2022 and the FIFA Congress in Kigali in March 2023. It foresaw revenue of $11.0 billion, made up of $4.26 billion from television, $3.10 billion from hospitality and ticket sales, $2.69 billion from marketing, $669 million from licensing and $277 million of other income, against planned investments of $10.9 billion.
In May 2025 the FIFA Congress in Asuncion approved a revised budget of $13.0 billion, a 72 percent increase on the previous cycle. The extra $2 billion reflected the Club World Cup, which had not been in the first budget, together with stronger commercial sales for 2026. FIFA reported that 62 percent of the revised revenue was contractually secured at the end of 2024, and by the end of 2025 FIFA said 93 percent of the $13 billion had been contracted or delivered. Planned investments rose to $12.9 billion, of which $11.67 billion, or more than 90 percent, was earmarked for football.
Everything hinges on 2026: the final year carries $8.91 billion, or 69 percent, of the $13 billion cycle budget.
The chart shows how heavily the plan leans on the final year. Revenue of $1.17 billion in 2023 and $483 million in 2024 was already known when the budget was revised; 2025 was budgeted at $2.44 billion and came in at $2.66 billion. That leaves $8.91 billion budgeted for 2026, or 69 percent of the cycle total, against planned 2026 expenses of $6.39 billion. By the end of 2025 FIFA had booked about $4.31 billion of revenue in the cycle, a third of the budget.
| Stream | Original budget (2022) | Revised budget (2025) | Change |
|---|---|---|---|
| TV broadcasting rights | 4,264 | 5,264 | +1,000 |
| Hospitality and ticket sales | 3,097 | 3,597 | +500 |
| Marketing rights | 2,693 | 3,346 | +653 |
| Licensing rights | 669 | 400 | -269 |
| Other revenue and income | 277 | 393 | +116 |
| Total revenue | 11,000 | 13,000 | +2,000 |
| Total investments | 10,900 | 12,900 | +2,000 |
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Source: FIFA Annual Report 2022 (2023-2026 cycle budget); revised stream values as implied by the stream changes FIFA reports in its 2027-2030 budget; totals from the FIFA Annual Report 2024 and the revised budget approved by the 75th FIFA Congress.
On the spending side, the original plan allocated $5.62 billion to competitions and events, including $3.84 billion for the 2026 World Cup and $435 million for the 2023 World Cup for women, and $3.92 billion to development and education, including $2.25 billion for the FIFA Forward programme. Spending on the 2026 tournament itself, including host city and stadium costs borne by the three host countries, is analysed on our page about the total cost of hosting a World Cup.
What is known so far about 2026 World Cup revenue
The 2026 World Cup in Canada, Mexico and the United States ran from 11 June to 19 July 2026, and its income will be recognised in FIFA accounts for the 2026 financial year. FIFA has not yet published audited figures for 2026. Its Annual Report 2026, which will contain the 2026 financial statements and the final result of the 2023 to 2026 cycle, is expected in spring 2027, around the time of the 77th FIFA Congress in Rabat on 18 March 2027.
What FIFA has said is limited to forecasts. The revised budget plans for 2026 revenue of $8.91 billion. On 18 July 2026, speaking to member associations in New York, Infantino said that the expected World Cup revenue, counted as part of the whole 2023 to 2026 cycle, meant FIFA could top the $15 billion mark for the cycle. If that happens, 2026 revenue would be about $10.7 billion, nearly twice the 2022 record, because $4.31 billion of the cycle had already been booked by the end of 2025. Until the accounts are published, that figure should be read as an expectation, not a result.
How the tournament money is shared with teams is covered separately on our pages about World Cup prize money and prize money for World Cup winners, while the visitor spending around the tournament is analysed in our study of the 2026 World Cup tourism impact. The sporting side of the tournament is summarised on our 2026 FIFA World Cup page.
The 2027 to 2030 budget: $14 billion and a new revenue mix
The FIFA Council approved the 2027 to 2030 cycle budget on 19 March 2026 and the 76th FIFA Congress in Vancouver confirmed it on 30 April 2026. It foresees record revenue of $14 billion, ending with the 2030 World Cup in Morocco, Portugal and Spain. Broadcasting rights are budgeted at $6.06 billion, marketing rights at $4.59 billion, ticketing and hospitality at $2.66 billion, licensing at $458 million and other income at $227 million.
Media and sponsors carry the next cycle: broadcasting and marketing rights make up 76 percent of the $14 billion budget.
Compared with the revised 2023 to 2026 budget, the new plan shifts weight away from tickets and towards media and sponsorship. Ticketing and hospitality are expected to fall by about $938 million, a decline that reflects how much ticket and hospitality income was budgeted for the North American tournament. Broadcasting rights are budgeted to rise by about $800 million and marketing rights by about $1.25 billion. At the end of 2025, 26 percent of the 2027 to 2030 revenue was already under contract.
On the spending side, the budget includes about $3.30 billion for the 2030 World Cup and a record $2.7 billion for the FIFA Forward development programme. FIFA expects 2027, the first year of the cycle and the year of the World Cup for women in Brazil, to bring in only about $1.2 billion, so the familiar pattern of three lean years and one very large one is set to continue. For a comparison of FIFA tournaments with other global sports properties, see our ranking of the most popular sports leagues and events.
FIFA reserves: $2.70 billion at the end of 2025
Reserves are the accumulated surpluses FIFA keeps as a financial buffer. They rose from $1.28 billion at the end of 2010 to $1.52 billion at the end of 2014 and $2.75 billion at the end of 2018. The pandemic pulled them down to $1.88 billion in 2020 and $1.64 billion in 2021, as FIFA funded a $1.5 billion COVID-19 relief plan for member associations and confederations partly from its reserves. The Qatar World Cup then lifted them to a record $3.97 billion at the end of 2022.
Fill and drain: reserves peaked at $3.97 billion after the Qatar World Cup and fell to $2.70 billion by the end of 2025, ahead of the 2026 tournament.
Since 2022 reserves have fallen in each year, to $3.56 billion in 2023, $2.95 billion in 2024 and $2.70 billion at the end of 2025, because FIFA spends steadily on development and operations while most of the cycle revenue arrives in 2026. This is the same pattern as in previous cycles, but on a larger scale. If the 2026 results match the revised budget, reserves would rebuild in the 2026 accounts; if revenue tops $15 billion as FIFA now expects, the rebound could be considerably larger.
Reserves are not the same as cash. At the end of 2022 FIFA held total assets of $6.80 billion, of which 85 percent was cash, cash equivalents and financial assets, and its equity ratio was 58 percent. At the end of 2025 total assets had risen to $9.48 billion while reserves were $2.70 billion, so the equity ratio was about 28.5 percent, the lowest level in the period covered here and typical of the last year before a World Cup.
Development funding: from $1.16 billion to $2.7 billion per cycle
FIFA does not distribute profits. Its revenue pays for its tournaments, its administration and, increasingly, for payments to its 211 member associations and six confederations. The main channel is the FIFA Forward programme, launched in 2016, which gives each association funding for operating costs, competitions, football for women and girls, and infrastructure, subject to audits.
Development funding has more than doubled: FIFA Forward rises from $1.16 billion in its first edition to a budgeted $2.7 billion for 2027-2030.
Forward entitlements grew from $1.16 billion in the first edition to $1.75 billion in the 2019 to 2022 cycle and $2.25 billion in 2023 to 2026, under which each association can receive up to $8 million per cycle. The 2027 to 2030 budget raises the programme to $2.7 billion, which FIFA describes as an eightfold increase on the development programmes in place before 2016. Infantino told member associations in July 2026 that FIFA had invested $5.1 billion in football development across its members during his presidency.
| Period | Development and education | Of which FIFA Forward |
|---|---|---|
| 2015-2018 cycle | 1,670 | 1,161 |
| 2019-2022 cycle | 2,577 | 1,746 |
| 2023-2026 cycle (original budget) | 3,923 | 2,250 |
| 2023 (actual) | 682 | n/a |
| 2024 (actual) | 702 | n/a |
| 2025 (actual) | 748 | n/a |
| 2027-2030 cycle (budget) | n/a | 2,700 |
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Source: FIFA Annual Report 2022, FIFA 2023-2026 budget, FIFA Annual Reports 2023 to 2025, FIFA Congress release of 30 April 2026. FIFA Forward figures for completed cycles are entitlements as reported by FIFA; the FIFA Annual Report 2018 put Forward investment for 2016 to 2018 at $1.08 billion.
Development is now the largest recurring cost in non-World Cup years. In 2024, development and education accounted for $702 million of total spending of $1.30 billion, more than half, while competitions and events took $286 million. In the 2019 to 2022 cycle total investments reached $6.30 billion, of which $2.58 billion went to development and education and $2.54 billion to competitions and events, including $1.83 billion gross for the Qatar World Cup. A full breakdown of costs by category is on our page about FIFA expenses.
What FIFA revenue figures do and do not show
FIFA publishes more financial detail than most sports governing bodies: audited consolidated statements prepared under IFRS, notes for each revenue stream, and cycle budgets approved by the Congress of all member associations. Even so, several limits matter for anyone using the numbers. Cycle totals before 2015 used a different recognition method and included financial income, so the growth from the Brazil cycle to the Russia cycle is understated or overstated depending on the basis used. Stream definitions have also changed: World Cup ticket sales only became part of a FIFA revenue line from the 2015 to 2018 cycle.
Budgets and forecasts are not results. FIFA has a record of conservative revenue budgets that it later beats, but the $15 billion figure for 2023 to 2026 was given in a speech, not in audited accounts. Equally, the 2027 to 2030 budget of $14 billion was set before the 2026 World Cup was played and only a quarter of it was contracted at the end of 2025. Finally, FIFA revenue excludes money that stays with others, such as ticket income collected by local organisers in earlier tournaments where it was not booked by FIFA, stadium and city spending by host nations, and the commercial income of clubs and leagues.
Seen in that light, the long-run trend is clear. FIFA revenue per cycle has grown more than fivefold in twenty years, from $2.63 billion in 2003 to 2006 to a budgeted $13 billion or more in 2023 to 2026, while the organisation has shifted from relying on television to a broader mix of sponsorship, ticketing and new competitions. The history of scoring at the tournament that drives all of this is tracked on our page about goals scored at every World Cup since 1930.
FIFA revenue in eight numbers
Questions about FIFA revenue
FIFA reported total revenue of $2.66 billion ($2,661 million) for 2025, 9 percent above its budget. About $2.13 billion came from the 32-team Club World Cup in the United States. By stream, television rights brought in $1,044 million, marketing rights $965 million, hospitality and ticketing $411 million, other income $144 million and licensing $97 million.
It depends on where the year falls in the four-year cycle. Between 2015 and 2025 annual revenue ranged from $267 million in 2020 to $5.77 billion in 2022, the year of the Qatar World Cup. Averaged over the 2019 to 2022 cycle, FIFA earned about $1.89 billion a year; the revised 2023 to 2026 budget implies an average of $3.25 billion a year.
FIFA earned $7.57 billion in the 2019 to 2022 cycle, $1.13 billion more than budgeted. Television rights contributed $3.43 billion, marketing rights $1.80 billion, hospitality and ticket sales $949 million, licensing $769 million and other income $629 million. The cycle closed with a surplus of $1.19 billion.
Television broadcasting rights. They made up 45 percent of revenue in the 2019 to 2022 cycle, 39 percent in 2025 and 43 percent of the 2027 to 2030 budget. Marketing rights (sponsorship) are second, and hospitality and ticketing have become the third pillar since the 2015 to 2018 cycle.
The revised budget approved in May 2025 is $13 billion, up from an original $11 billion. FIFA said 93 percent of that amount had been contracted or delivered by the end of 2025. On 18 July 2026 Gianni Infantino said he expected the cycle to top $15 billion. Audited figures for the full cycle will be published in the FIFA Annual Report 2026 in 2027.
FIFA has not yet published audited figures. Revenue from the tournament will be recognised in the 2026 accounts, which are due in 2027. The revised budget planned total 2026 revenue of $8.91 billion; if the cycle tops $15 billion as FIFA expects, 2026 revenue would be about $10.7 billion.
The 76th FIFA Congress approved a revenue budget of $14 billion for 2027 to 2030 on 30 April 2026. It includes $6.06 billion from broadcasting, $4.59 billion from marketing, $2.66 billion from ticketing and hospitality, $458 million from licensing and $227 million of other income, plus a record $2.7 billion for the FIFA Forward programme.
FIFA reserves were $2.70 billion at 31 December 2025, down from a record $3.97 billion at the end of 2022, $3.56 billion in 2023 and $2.95 billion in 2024. Total assets were $9.48 billion at the end of 2025, much of it linked to advance income for the 2026 World Cup.
FIFA sells World Cup rights for a whole cycle but recognises the revenue only when the tournament is played. Money received earlier is held as a liability. As a result, the World Cup year usually accounts for about 70 to 76 percent of a cycle, and quiet years such as 2020 and 2024 show only a few hundred million dollars.
FIFA is a non-profit association, so surpluses are added to reserves instead of being paid out. It has ended every four-year cycle since 2003 with a surplus, for example $1.19 billion in 2019 to 2022, but it typically runs deficits in the years between World Cups, such as losses of $391 million in 2023, $612 million in 2024 and $263 million in 2025.
FIFA: Annual Report 2025, financials, financial statements and 2027-2030 cycle budget (approved by the FIFA Congress on 30 April 2026).
FIFA: Annual Report 2024, 2024 financials in review and revised budget 2023-2026.
FIFA: Annual Report 2022, 2019-2022 revenue, 2019-2022 investments, balance sheet 2019-2022 and 2023-2026 cycle budget.
FIFA: Annual Report 2020, 2020 financials in review.
FIFA: Annual Report 2018 (financial statements 2015-2018), Financial Report 2014 (2011-2014 cycle) and Financial Report 2010 (2007-2010 cycle, with 2003-2006 comparison).
FIFA: FIFA Council media release, 19 March 2026, approval of the Annual Report 2025 and the 2027-2030 revenue budget; and FIFA Council media release, 14 February 2023.
FIFA: FIFA Congress media release, 30 April 2026, Vancouver.
FIFA: FIFA President addresses member associations, 18 July 2026.