NCAA Team Revenues and Expenses by School
Details of the total revenue were released alongside the landmark settlement that requires the NCAA to pay a $2.8 billion settlement in an anti-trust litigation. The creation of a first-of-its-kind revenue-sharing system where schools will directly pay their athletes is underway and will begin implementation in 2025.
For context, NCAA team expenses extend far beyond payroll for athletes, but it’s important to look at the athletic compensation with the changing landscape of NIL legislation and NCAA revenue sharing.
2025-26 Revenue Sharing – NCAA Football (Estimated)
| NCAA School | Team Revenue Share | Average Per Player | Total Revenue Sharing 2025* |
|---|---|---|---|
| Georgia | $17,385,893 | $165,580 | $20,500,000 |
| Washington | $16,870,047 | $160,667 | $20,500,000 |
| Oregon | $16,845,431 | $160,433 | $20,500,000 |
| Penn State | $16,836,701 | $160,350 | $20,500,000 |
| Louisiana State | $16,689,153 | $158,944 | $20,500,000 |
| Ohio State | $16,459,663 | $156,759 | $20,500,000 |
| Wisconsin | $16,046,476 | $152,824 | $20,500,000 |
| Tennessee | $15,858,894 | $151,034 | $20,500,000 |
| Mississippi | $15,517,344 | $147,784 | $20,500,000 |
| Minnesota | $15,374,243 | $146,421 | $20,500,000 |
| Arkansas | $14,986,157 | $142,725 | $20,500,000 |
| Illinois | $13,899,259 | $132,374 | $20,500,000 |
| Louisville | $13,752,132 | $130,973 | $20,500,000 |
| Kansas State | $13,673,694 | $130,226 | $16,751,854 |
| Texas Tech | $13,576,092 | $129,296 | $18,258,244 |
| Missouri | $13,550,295 | $129,050 | $19,418,455 |
| Iowa State | $13,183,871 | $125,561 | $18,365,450 |
| Utah | $13,059,791 | $124,379 | $16,049,837 |
| Colorado | $11,253,147 | $107,173 | $14,090,852 |
| Colorado State | $4,152,287 | $39,546 | $5,117,008 |
| Appalachian State | $3,333,741 | $31,750 | $3,626,477 |
| Georgia Southern | $1,856,757 | $17,683 | $2,095,770 |
| Arkansas State | $1,394,743 | $13,283 | $1,805,824 |
| Idaho | $1,029,786 | $9,807 | $1,270,624 |
| North Dakota | $496,724 | $4,731 | $2,472,797 |
| Tennessee Tech | $318,671 | $3,035 | $721,811 |
- * Total Revenue Sharing of 2025 is based on the idea that teams limit total shares of revenue to 22% of it’s annual athletic department revenues. Schools can share any percentage of their revenue as long as it doesn’t exceed the $20.5 million tentative cap.
Top 5 NCAA Conference Revenues
- Big Ten: $879.9 million
- SEC: $852.6 million
- ACC: $707 million
- Pac 12: $603.9 million
- Big 12: $510.7 million
Ohio State tops the list with a total revenue of $251,615,345.
READ MORE: LIST OF TOP ATHLETIC BOOSTER DONATIONS TO NCAA
| School | Conf. | Total Revenue | Total Expenses |
|---|---|---|---|
| Ohio State | Big 10 | $251,615,345.00 | $225,733,418.00 |
| Texas | Big 12 | $239,290,648.00 | $225,153,011.00 |
| Alabama | SEC | $214,365,357.00 | $195,881,911.00 |
| Michigan | Big 10 | $210,652,287.00 | $193,559,375.00 |
| Georgia | SEC | $203,048,566.00 | $169,026,503.00 |
| LSU | SEC | $199,309,382.00 | $192,770,399.00 |
| Texas A&M | SEC | $193,139,619.00 | $177,671,900.00 |
| Florida | SEC | $190,417,139.00 | $174,365,070.00 |
| Penn State | Big 10 | $181,227,448.00 | $170,542,050.00 |
| Oklahoma | Big 12 | $177,320,217.00 | $175,997,457.00 |
| Auburn | SEC | $174,568,442.00 | $151,590,763.00 |
| Michigan State | Big 10 | $172,799,513.00 | $156,449,795.00 |
| Indiana | Big 10 | $166,761,471.00 | $132,392,596.00 |
| Virginia | ACC | $161,916,231.00 | $150,584,173.00 |
| Florida State | ACC | $161,141,884.00 | $150,777,734.00 |
| Kentucky | SEC | $159,079,024.00 | $153,621,183.00 |
| Clemson | ACC | $158,283,618.00 | $143,356,820.00 |
| Tennessee | SEC | $154,566,935.00 | $157,108,637.00 |
| Oregon | Pac-12 | $153,510,555.00 | $140,565,297.00 |
| Arkansas | SEC | $152,513,755.00 | $144,319,041.00 |
| Iowa | Big 10 | $151,483,092.00 | $151,144,861.00 |
| Wisconsin | Big 10 | $150,100,977.00 | $147,807,183.00 |
| Louisville | ACC | $146,225,965.00 | $139,978,927.00 |
| Illinois | Big 10 | $145,735,330.00 | $129,119,247.00 |
| Washington | Pac-12 | $145,184,864.00 | $149,458,923.00 |
| Nebraska | Big 10 | $143,423,944.00 | $131,181,951.00 |
| South Carolina | SEC | $142,210,807.00 | $144,815,377.00 |
| Missouri | SEC | $141,157,028.00 | $125,621,128.00 |
| Minnesota | Big 10 | $135,198,272.00 | $130,285,463.00 |
| Mississippi | SEC | $133,557,937.00 | $138,796,990.00 |
| Arizona | Pac-12 | $124,353,539.00 | $124,944,926.00 |
| North Carolina | ACC | $122,603,567.00 | $120,314,967.00 |
| Arizona State | Pac-12 | $121,079,615.00 | $124,008,192.00 |
| California | Pac-12 | $118,212,179.00 | $114,485,848.00 |
| Kansas | Big 12 | $118,020,175.00 | $108,696,078.00 |
| Utah | Pac-12 | $115,719,266.00 | $111,880,434.00 |
| Purdue | Big 10 | $115,139,432.00 | $93,025,810.00 |
| Virginia Tech | ACC | $113,000,052.00 | $117,777,441.00 |
| Iowa State | Big 12 | $111,287,492.00 | $111,227,458.00 |
| Mississippi State | SEC | $110,653,367.00 | $105,841,622.00 |
| Texas Tech | Big 12 | $110,154,695.00 | $104,778,443.00 |
| Rutgers | Big 10 | $109,601,529.00 | $138,439,077.00 |
| Maryland | Big 10 | $107,526,374.00 | $114,385,462.00 |
| Georgia Tech | ACC | $106,635,094.00 | $104,719,581.00 |
| West Virginia | Big 12 | $105,193,311.00 | $97,067,706.00 |
| Oklahoma State | Big 12 | $104,404,398.00 | $103,317,156.00 |
| UCLA | Pac-12 | $103,061,344.00 | $131,106,913.00 |
| North Carolina State | ACC | $102,387,569.00 | $100,991,410.00 |
| Kansas State | Big 12 | $100,822,204.00 | $82,220,606.00 |
| Connecticut | Big East | $99,041,960.00 | $96,742,518.00 |
| Colorado | Pac-12 | $94,873,830.00 | $95,968,696.00 |
| Central Florida | AAC | $89,228,205.00 | $69,099,289.00 |
| Washington State | Pac-12 | $85,028,825.00 | $83,691,991.00 |
| Oregon State | Pac-12 | $83,480,015.00 | $87,729,627.00 |
| Cincinnati | AAC | $83,344,028.00 | $75,902,262.00 |
| Houston | AAC | $78,088,086.00 | $73,806,404.00 |
| Air Force | MWC | $76,587,462.00 | $67,422,052.00 |
| San Diego State | MWC | $65,897,302.00 | $67,245,917.00 |
| Nevada-Las Vegas | MWC | $64,243,413.00 | $62,644,050.00 |
| Memphis | AAC | $62,174,875.00 | $62,174,875.00 |
| Colorado State | MWC | $61,263,230.00 | $61,220,502.00 |
| James Madison | SBC | $57,800,447.00 | $57,800,447.00 |
| South Florida | AAC | $56,110,830.00 | $62,288,597.00 |
| East Carolina | AAC | $54,964,121.00 | $54,133,021.00 |
| Fresno State | MWC | $54,124,579.00 | $46,515,828.00 |
| Massachusetts | A10 | $53,639,818.00 | $52,853,964.00 |
| Old Dominion | SBC | $53,419,653.00 | $51,914,920.00 |
| Boise State | MWC | $50,569,147.00 | $50,328,947.00 |
| Wyoming | MWC | $50,255,884.00 | $47,146,999.00 |
| Hawaii | BigWst | $49,422,827.00 | $48,029,141.00 |
| Nevada | MWC | $47,946,637.00 | $45,228,707.00 |
| Georgia State | SBC | $45,666,910.00 | $39,913,963.00 |
| Coastal Carolina | SBC | $45,443,779.00 | $45,443,779.00 |
| New Mexico | MWC | $44,881,065.00 | $44,865,758.00 |
| North Texas | CUSA | $44,477,324.00 | $44,222,540.00 |
| California-Davis | BigWst | $44,275,782.00 | $40,909,557.00 |
| Virginia Commonwealth | A10 | $43,201,616.00 | $41,887,842.00 |
| Utah State | MWC | $43,157,838.00 | $42,824,185.00 |
| Charlotte | CUSA | $41,261,880.00 | $39,381,134.00 |
| Florida International | CUSA | $41,043,885.00 | $39,433,624.00 |
| Buffalo | MAC | $40,192,255.00 | $39,537,565.00 |
| Marshall | SBC | $39,338,519.00 | $39,350,986.00 |
| Florida Atlantic | CUSA | $39,201,524.00 | $38,132,721.00 |
| Western Michigan | MAC | $39,162,014.00 | $34,422,527.00 |
| South Alabama | SBC | $39,119,983.00 | $33,001,239.00 |
| San Jose State | MWC | $39,030,222.00 | $39,030,022.00 |
| Central Michigan | MAC | $39,002,244.00 | $34,284,909.00 |
| Appalachian State | SBC | $38,542,661.00 | $38,565,701.00 |
| Alabama at Birmingham | CUSA | $38,351,074.00 | $39,890,894.00 |
| Texas-San Antonio | CUSA | $38,183,028.00 | $39,156,362.00 |
| Miami (Ohio) | MAC | $38,076,046.00 | $37,880,709.00 |
| Texas State | SBC | $37,288,587.00 | $37,853,450.00 |
| California Polytechnic | BigWst | $37,134,737.00 | $35,998,471.00 |
| Stony Brook | CAA | $37,027,808.00 | $38,944,967.00 |
| Sacramento State | BigSky | $35,893,960.00 | $35,004,647.00 |
| Middle Tennessee | CUSA | $35,614,512.00 | $35,614,512.00 |
| Toledo | MAC | $35,602,789.00 | $35,602,789.00 |
| George Mason | A10 | $35,162,841.00 | $30,290,482.00 |
| Western Kentucky | CUSA | $35,142,710.00 | $35,142,710.00 |
| Binghamton | AmEast | $34,835,289.00 | $23,851,280.00 |
| Troy | SBC | $33,355,524.00 | $33,355,524.00 |
| Texas-El Paso | CUSA | $33,131,210.00 | $34,370,528.00 |
| New Hampshire | AmEast | $33,102,605.00 | $31,716,448.00 |
| Eastern Michigan | MAC | $33,040,581.00 | $33,040,581.00 |
| Louisiana-Lafayette | SBC | $33,021,554.00 | $38,364,254.00 |
| Kennesaw State | Asun | $32,970,444.00 | $25,862,921.00 |
| Arkansas State | SBC | $32,376,515.00 | $32,376,515.00 |
| Rhode Island | A10 | $31,993,515.00 | $33,139,455.00 |
| William & Mary | CAA | $30,941,310.00 | $30,727,683.00 |
| North Dakota | Summit | $30,859,877.00 | $30,837,768.00 |
| Georgia Southern | SBC | $30,700,262.00 | $30,700,262.00 |
| Akron | MAC | $30,498,496.00 | $30,290,134.00 |
| New Mexico State | WAC | $30,350,192.00 | $32,457,148.00 |
| Missouri State | MVC | $29,915,772.00 | $29,915,772.00 |
| Illinois State | MVC | $29,899,837.00 | $29,834,680.00 |
| Ohio | MAC | $29,335,290.00 | $31,309,063.00 |
| North Dakota State | Summit | $29,295,443.00 | $28,432,381.00 |
| Montana | BigSky | $28,970,312.00 | $22,515,985.00 |
| California-San Diego | BigWst | $28,899,588.00 | $24,652,947.00 |
| Ball State | MAC | $28,804,851.00 | $28,526,892.00 |
| Louisiana Tech | CUSA | $28,693,958.00 | $28,294,724.00 |
| Wichita State | AAC | $28,611,561.00 | $25,668,918.00 |
| Kent State | MAC | $28,605,618.00 | $29,613,870.00 |
| Towson | CAA | $28,568,909.00 | $28,156,444.00 |
| Southern Mississippi | SBC | $28,361,867.00 | $28,346,698.00 |
| Albany | AmEast | $27,295,306.00 | $27,056,948.00 |
| Montana State | BigSky | $26,410,575.00 | $26,119,361.00 |
| Nebraska-Omaha | Summit | $25,890,688.00 | $21,502,666.00 |
| Northern Arizona | BigSky | $25,750,579.00 | $25,388,969.00 |
| Bowling Green | MAC | $25,573,967.00 | $25,353,769.00 |
| South Dakota State | Summit | $25,570,541.00 | $23,399,570.00 |
| Maine | AmEast | $25,063,461.00 | $24,291,873.00 |
| California-Irvine | BigWst | $24,937,907.00 | $25,162,739.00 |
| Maryland-Baltimore Cty | AmEast | $23,488,196.00 | $18,788,921.00 |
| Wisconsin-Milwaukee | Hor | $23,311,589.00 | $14,415,250.00 |
| Stephen F. Austin | WAC | $23,217,377.00 | $23,492,261.00 |
| College of Charleston | CAA | $23,201,574.00 | $22,217,391.00 |
| Vermont | AmEast | $23,196,348.00 | $23,169,941.00 |
| Idaho | BigSky | $23,013,225.00 | $22,289,958.00 |
| Massachusetts-Lowell | AmEast | $22,547,158.00 | $22,192,454.00 |
| Northern Colorado | BigSky | $22,439,916.00 | $18,973,253.00 |
| South Dakota | Summit | $22,184,268.00 | $22,446,314.00 |
| Northern Illinois | MAC | $22,177,045.00 | $24,097,387.00 |
| East Tennessee State | SoCon | $22,173,333.00 | $22,173,333.00 |
| California State-Fullerton | BigWst | $21,983,747.00 | $21,983,747.00 |
| California-Santa Barbara | BigWst | $21,720,136.00 | $24,902,464.00 |
| Sam Houston State | WAC | $21,690,534.00 | $20,951,301.00 |
| Long Beach State | BigWst | $21,434,487.00 | $25,797,936.00 |
| California State-Northridge | BigWst | $21,090,545.00 | $20,101,511.00 |
| Tennessee-Chattanooga | SoCon | $21,051,127.00 | $21,051,127.00 |
| New Jersey Tech | AmEast | $20,660,097.00 | $20,064,224.00 |
| Jacksonville State | Asun | $20,288,342.00 | $20,288,342.00 |
| Eastern Kentucky | Asun | $19,440,010.00 | $19,440,010.00 |
| Louisiana-Monroe | SBC | $19,119,368.00 | $20,527,424.00 |
| Lamar | SthLnd | $18,882,235.00 | $18,854,203.00 |
| Southern Illinois | MVC | $18,739,324.00 | $22,028,920.00 |
| Indiana State | MVC | $18,656,224.00 | $17,903,701.00 |
| Murray State | MVC | $18,597,756.00 | $19,210,384.00 |
| North Carolina Greensboro | SoCon | $18,432,746.00 | $17,118,048.00 |
| Tarleton State | WAC | $18,308,489.00 | $18,048,307.00 |
| Citadel | SoCon | $18,209,217.00 | $18,019,405.00 |
| Illinois-Chicago | MVC | $18,193,225.00 | $19,336,276.00 |
| Southern | SWAC | $18,190,798.00 | $18,585,316.00 |
| Texas-Arlington | WAC | $17,996,376.00 | $18,542,203.00 |
| Utah Valley | WAC | $17,816,209.00 | $18,906,619.00 |
| Youngstown State | Hor | $17,773,160.00 | $17,773,159.00 |
| California-Riverside | BigWst | $17,692,802.00 | $16,789,734.00 |
| Austin Peay | Asun | $17,641,703.00 | $17,644,953.00 |
| Oakland | Hor | $17,619,216.00 | $17,325,703.00 |
| Northern Iowa | MVC | $17,603,463.00 | $19,819,613.00 |
| Florida Gulf Coast | Asun | $17,583,497.00 | $17,286,852.00 |
| Tennessee Tech | OVC | $17,547,092.00 | $16,565,077.00 |
| Central Arkansas | Asun | $17,502,833.00 | $17,096,473.00 |
| Southern Utah | WAC | $17,259,008.00 | $16,254,960.00 |
| California State-Bakersfield | BigWst | $17,216,224.00 | $17,053,029.00 |
| Portland State | BigSky | $16,839,891.00 | $16,160,881.00 |
| Northern Kentucky | Hor | $16,467,014.00 | $16,521,511.00 |
| Western Carolina | SoCon | $16,396,597.00 | $17,040,389.00 |
| North Carolina A&T | CAA | $16,372,030.00 | $15,829,584.00 |
| Delaware State | MEAC | $16,211,290.00 | $16,211,290.00 |
| Texas-Rio Grande Valley | WAC | $16,091,645.00 | $14,543,584.00 |
| Central Connecticut | NEC | $16,043,570.00 | $16,043,570.00 |
| North Carolina Wilmington | CAA | $15,989,714.00 | $15,141,319.00 |
| VMI | SoCon | $15,960,931.00 | $16,114,012.00 |
| Norfolk State | MEAC | $15,929,886.00 | $15,928,886.00 |
| Tennessee State | OVC | $15,883,556.00 | $15,883,556.00 |
| Radford | BigSou | $15,848,430.00 | $12,194,004.00 |
| Weber State | BigSky | $15,842,365.00 | $16,447,647.00 |
| Southeastern Louisiana | SthLnd | $14,876,169.00 | $14,775,594.00 |
| North Florida | Asun | $14,783,497.00 | $14,456,960.00 |
| Texas A&M-Corpus Christi | SthLnd | $14,616,970.00 | $14,968,202.00 |
| Alabama State | SWAC | $14,550,273.00 | $17,892,138.00 |
| Tennessee-Martin | OVC | $14,461,961.00 | $14,461,961.00 |
| Utah Tech | WAC | $14,348,736.00 | $13,987,957.00 |
| Prairie View A&M | SWAC | $14,322,177.00 | $18,821,203.00 |
| Cleveland State | Hor | $14,140,486.00 | $14,145,508.00 |
| Alabama A&M | SWAC | $14,006,086.00 | $14,189,129.00 |
| North Alabama | Asun | $13,788,806.00 | $13,788,806.00 |
| Arkansas-Little Rock | OVC | $13,734,051.00 | $13,928,945.00 |
| McNeese State | SthLnd | $13,623,100.00 | $13,321,532.00 |
| Northwestern State La | SthLnd | $13,505,438.00 | $13,234,261.00 |
| Texas Southern | SWAC | $13,362,715.00 | $13,362,715.00 |
| Purdue Fort Wayne | Hor | $13,300,194.00 | $13,062,826.00 |
| South Carolina State | MEAC | $13,271,355.00 | $7,857,836.00 |
| Florida A&M | SWAC | $13,172,315.00 | $12,049,059.00 |
| Eastern Washington | BigSky | $12,886,340.00 | $16,032,290.00 |
| Eastern Illinois | OVC | $12,837,153.00 | $14,551,286.00 |
| Jackson State | SWAC | $12,821,652.00 | $12,637,183.00 |
| Southeast Missouri State | OVC | $12,807,771.00 | $12,807,770.00 |
| Missouri-Kansas City | Summit | $12,337,892.00 | $12,893,022.00 |
| Longwood | BigSou | $12,319,728.00 | $12,023,800.00 |
| Idaho State | BigSky | $12,137,163.00 | $15,447,714.00 |
| Morehead State | OVC | $11,639,966.00 | $11,639,966.00 |
| Winthrop | BigSou | $11,409,622.00 | $11,515,673.00 |
| Grambling State | SWAC | $11,378,552.00 | $12,334,219.00 |
| North Carolina Central | MEAC | $11,339,477.00 | $11,339,477.00 |
| Southern Illinois Edwardsville | OVC | $11,204,485.00 | $11,106,055.00 |
| Morgan State | MEAC | $11,126,282.00 | $14,924,648.00 |
| Wright State | Hor | $11,046,655.00 | $10,698,961.00 |
| Nicholls State | SthLnd | $10,961,304.00 | $11,164,752.00 |
| Indiana-Purdue Indianapolis | Hor | $10,289,130.00 | $10,281,924.00 |
| Western Illinois | Summit | $10,066,267.00 | $11,703,844.00 |
| Wisconsin-Green Bay | Hor | $9,500,254.00 | $8,898,030.00 |
| South Carolina Upstate | BigSou | $8,941,784.00 | $8,946,029.00 |
| North Carolina Asheville | BigSou | $8,720,475.00 | $8,884,929.00 |
| Arkansas-Pine Bluff | SWAC | $8,650,669.00 | $8,689,626.00 |
| Chicago State | Ind | $8,001,394.00 | $8,398,712.00 |
| Maryland-Eastern Shore | MEAC | $7,875,993.00 | $7,875,993.00 |
| Alcorn State | SWAC | $6,159,503.00 | $6,863,951.00 |
| Coppin State | MEAC | $4,091,289.00 | $5,254,060.00 |
| Mississippi Valley State | SWAC | $4,040,925.00 | $4,040,925.00 |
| New Orleans | SthLnd | $2,526,887.00 | $4,810,778.00 |
