Arsenal Women have been ranked first in the Deloitte Women’s Football Money League for the first time, based on total revenue generated during the most recent financial year. The North London club reported earnings of €25.6 million ($29.6 million, £22.5 million), leading a list of top women’s football clubs around the world.
The 2026 edition of the Deloitte report highlights a significant milestone for the women’s game, as the top 15 women’s clubs together generated more than €150 million ($173.7 million, £130 million) in revenue. This marks continued upward momentum in the commercial and broadcasting appeal of women’s football.
Chelsea Women placed second on the list, following closely behind Arsenal. While Deloitte’s report doesn’t disclose full figures for every club in the top 15, it pointed to increased matchday income, commercial partnerships, and media rights deals as key contributors to overall revenue growth.
Arsenal Women benefited from higher-than-usual attendances at Emirates Stadium and growing revenues through sponsorship and merchandise sales. The club’s expanding fanbase and higher visibility contributed to its financial performance.
The Deloitte Football Money League is an annual publication that measures the financial performance of professional football clubs around the world. For the women’s clubs, listed figures reflect total revenue including matchday earnings, broadcasting rights tied to women’s competitions, and commercial income that can be directly attributed to the women’s team.
The report is distinct from Deloitte’s traditional Men’s Football Money League and is part of a broader industry effort to analyze and support the commercial development of the women’s game.
According to the publication, the surge in revenues among women’s clubs reflects a broader rise in investment and fan engagement. Ongoing growth in domestic leagues and expanded international tournaments have drawn new audiences and commercial interest, benefitting the top clubs in the sector.
Deloitte noted that it expects continued increases in revenue across the women’s game in upcoming editions of the Money League, as clubs and governing bodies deepen their commitment to equity and long-term development in the sport.
