Dortmund – November 05, 2026 -- Borussia Dortmund's consolidated net profit fell to EUR 11.9 million in the first quarter of 2026/2027 from EUR 22.9 million a year earlier, a drop of EUR 11.0 million, as net transfer income was EUR 33.0 million lower. The club confirmed its full-year net profit forecast of EUR 0 million to EUR 10 million.
Revenue edges up to EUR 107.4 million despite one-off comparison
Consolidated revenue rose to EUR 107.4 million from EUR 107.0 million. The prior-year quarter included non-recurring income of about EUR 11.2 million tied to the 2025 FIFA Club World Cup.
Earnings before taxes came in at EUR 14.0 million (prior year: EUR 25.6 million). EBITDA fell to EUR 40.4 million from EUR 54.3 million.
Advertising gains of EUR 4.5 million offset a EUR 10.4 million TV decline
Advertising income increased to EUR 41.1 million from EUR 36.6 million. Income from TV marketing dropped to EUR 37.3 million from EUR 47.7 million.
Match operations income rose to EUR 8.0 million from EUR 4.9 million. Conference, catering and miscellaneous income climbed to EUR 12.9 million from EUR 8.9 million. Merchandising income slipped to EUR 8.1 million from EUR 8.9 million.
Net transfer income drops to EUR 19.9 million from EUR 52.9 million
Net transfer income is gross transfer proceeds less residual carrying amounts, other derecognised items and transfer costs. Total operating proceeds, defined as revenue plus gross transfer proceeds, fell to EUR 141.1 million from EUR 175.3 million.
Personnel expenses fall EUR 13.4 million to EUR 52.7 million
Personnel expenses declined from EUR 66.1 million. Depreciation, amortisation and write-downs decreased by EUR 3.5 million to EUR 24.3 million, and other operating expenses fell by EUR 3.6 million to EUR 31.6 million.
The financial result worsened to EUR -2.1 million from EUR -0.9 million. Net tax expense was EUR 2.1 million, compared with EUR 2.6 million a year earlier.
The figures are preliminary key data from the quarterly statement, prepared under IFRS. The full Q1 2026/2027 statement will be available for download from 12 November 2026.