HomeSpending
Filed athletics finances

Who spends the most on total operating revenues

Every figure is read from the school's own NCAA financial report — the annual filing each Division I athletics department submits to the NCAA. Ranked by reported dollars, not by results.
148Schools ranked
FY2025Fiscal year
$9078.86MCombined total operating revenues
831Reports parsed

All reported athletics operating revenues for the fiscal year.

Rank / schoolReported total operating revenuesChange
01

Texas

$352.55M · $352,547,602

+6% YoY
02

Michigan

$275.84M · $275,844,115

+15% YoY
03

Alabama

$267.44M · $267,435,520

+14% YoY
04

Texas A&M

$235.55M · $235,547,242

−12% YoY
05

Georgia

$233.53M · $233,526,965

−3% YoY
06

Florida

$221.07M · $221,065,538

+10% YoY
07

Nebraska

$215.09M · $215,089,007

−2% YoY
08

Florida State

$211.95M · $211,950,623

no prior year
09

Auburn

$205.93M · $205,928,767

+6% YoY
10

Oklahoma

$205.67M · $205,670,266

no prior year
11

Clemson

$198.58M · $198,578,695

+2% YoY
12

Indiana

$183.43M · $183,432,522

+6% YoY
13

Iowa

$179.98M · $179,978,091

+4% YoY
14

Michigan State

$179.89M · $179,891,651

flat
15

Arizona State

$166.14M · $166,137,649

+15% YoY
16

Mississippi State

$164.68M · $164,684,369

+29% YoY
17

Georgia Tech

$156.05M · $156,050,577

+10% YoY
18

Virginia

$155.12M · $155,120,584

no prior year
19

UCLA

$151.80M · $151,797,241

+28% YoY
20

Oklahoma State

$150.78M · $150,779,379

+12% YoY
21

Purdue

$150.54M · $150,536,320

no prior year
22

Louisville

$146.91M · $146,912,011

−2% YoY
23

Rutgers

$146.64M · $146,638,066

+7% YoY
24

Texas Tech

$145.30M · $145,302,530

+15% YoY
25

Kansas

$143.86M · $143,856,096

no prior year
26

Arizona

$143.29M · $143,291,388

+7% YoY
27

NC State

$141.55M · $141,549,444

+6% YoY
28

UConn

$117.29M · $117,288,137

+11% YoY
29

UCF

$108.89M · $108,885,089

no prior year
30

South Florida

$106.81M · $106,811,267

+3% YoY
31

Oregon State

$104.77M · $104,767,707

−13% YoY
32

San Diego State

$100.80M · $100,801,020

+10% YoY
33

Boise State

$95.55M · $95,551,524

+40% YoY
34

Army

$78.21M · $78,208,127

+15% YoY
35

UNLV

$77.27M · $77,274,710

+28% YoY
36

Colorado State

$74.74M · $74,737,127

no prior year
37

University of Massachusetts, Amherst

$74.22M · $74,220,923

+16% YoY
38

Memphis

$72.72M · $72,720,349

+8% YoY
39

East Carolina

$70.76M · $70,759,490

no prior year
40

Charlotte

$62.71M · $62,709,814

+17% YoY
41

Fresno State

$61.76M · $61,761,188

+10% YoY
42

Nevada

$58.68M · $58,681,959

+10% YoY
43

University of Hawaii, Manoa

$58.54M · $58,536,743

+1% YoY
44

Wyoming

$55.62M · $55,619,167

+1% YoY
45

Florida Atlantic

$52.59M · $52,588,880

−6% YoY
46

Texas State

$50.53M · $50,528,819

+15% YoY
47

University of California, Davis

$50.30M · $50,302,899

no prior year
48

Middle Tennessee

$49.29M · $49,287,942

no prior year
49

Florida International

$48.39M · $48,389,066

+11% YoY
50

Buffalo

$48.23M · $48,226,492

+14% YoY
51

Sacramento State

$47.35M · $47,354,344

no prior year
52

San José State

$45.87M · $45,873,043

+4% YoY
53

Arkansas State

$45.81M · $45,805,050

+24% YoY
54

VCU

$45.19M · $45,187,592

flat
55

California Polytechnic State University

$43.95M · $43,949,826

+1% YoY
56

Georgia Southern

$43.92M · $43,923,841

+16% YoY
57

Sam Houston

$43.34M · $43,342,352

+56% YoY
58

George Mason University

$43.10M · $43,104,327

+17% YoY
59

Kennesaw State

$42.64M · $42,635,872

+26% YoY
60

Western Michigan

$41.93M · $41,934,267

+5% YoY
61

North Dakota

$40.20M · $40,198,069

+9% YoY
62

Stony Brook

$39.94M · $39,938,425

−2% YoY
63

Georgia State

$39.85M · $39,849,287

+4% YoY
64

Eastern Michigan

$38.92M · $38,924,559

+5% YoY
65

William & Mary

$38.24M · $38,243,429

+5% YoY
66

Central Michigan

$37.91M · $37,911,632

+4% YoY
67

Missouri State

$37.41M · $37,407,928

+9% YoY
68

South Alabama

$36.19M · $36,194,336

no prior year
69

North Dakota State

$34.79M · $34,788,259

+519% YoY
70

Ball State

$34.74M · $34,744,305

+7% YoY
71

Illinois State University

$34.64M · $34,641,597

no prior year
72

Montana State

$34.27M · $34,272,791

+21% YoY
73

South Dakota State

$33.57M · $33,565,662

+12% YoY
74

Maine

$32.00M · $32,003,899

+11% YoY
75

Tarleton State University

$31.96M · $31,961,216

+13% YoY
76

Vermont

$31.82M · $31,822,161

+34% YoY
77

Northern Illinois

$31.29M · $31,290,147

no prior year
78

UAlbany

$31.11M · $31,113,008

+7% YoY
79

Long Beach State

$30.91M · $30,908,451

+7% YoY
80

Binghamton

$30.14M · $30,136,480

+2% YoY
81

Towson

$30.02M · $30,022,400

−1% YoY
82

Austin Peay State University

$29.57M · $29,571,482

+43% YoY
83

Montana

$29.49M · $29,488,165

+3% YoY
84

South Dakota

$29.16M · $29,164,979

+13% YoY
85

University of Nebraska at Omaha

$29.06M · $29,062,946

no prior year
86

UC Santa Barbara

$29.03M · $29,029,313

no prior year
87

California State University, Fullerton

$27.80M · $27,799,631

+6% YoY
88

Stephen F. Austin State University

$27.06M · $27,062,953

−6% YoY
89

Chattanooga

$26.45M · $26,447,807

+17% YoY
90

UC Riverside

$26.17M · $26,169,284

+23% YoY
91

Murray State University

$25.83M · $25,829,897

+3% YoY
92

California State University, Northridge

$25.40M · $25,396,910

+9% YoY
93

Eastern Kentucky

$25.36M · $25,363,767

+1% YoY
94

Norfolk State

$24.98M · $24,980,261

+12% YoY
95

Lamar

$23.98M · $23,977,652

+1% YoY
96

Eastern Washington

$22.05M · $22,053,095

+28% YoY
97

Indiana State

$21.12M · $21,115,133

+5% YoY
98

University of Northern Iowa

$21.10M · $21,101,518

−5% YoY
99

Alabama A&M

$20.90M · $20,904,164

+20% YoY
100

The Citadel

$20.49M · $20,494,239

+8% YoY
101

Western Carolina

$20.43M · $20,432,725

+11% YoY
102

Longwood

$20.06M · $20,060,520

+13% YoY
103

Florida Gulf Coast University

$19.99M · $19,985,649

flat
104

Oakland

$19.10M · $19,095,534

+2% YoY
105

Southern Illinois University at Carbondale

$19.04M · $19,037,278

−4% YoY
106

Northern Kentucky University

$18.70M · $18,699,777

+1% YoY
107

VMI

$18.60M · $18,601,079

no prior year
108

North Alabama

$18.47M · $18,466,838

+4% YoY
109

Eastern Illinois

$18.07M · $18,068,663

+19% YoY
110

North Carolina Central

$17.90M · $17,900,517

+14% YoY
111

Prairie View A&M

$17.86M · $17,857,955

no prior year
112

University of Missouri-Kansas City

$17.23M · $17,226,573

+8% YoY
113

Portland State University

$16.99M · $16,993,367

−7% YoY
114

Winthrop

$16.45M · $16,449,855

+5% YoY
115

University of West Florida

$16.15M · $16,145,722

+1% YoY
116

Jackson State

$15.57M · $15,571,763

+7% YoY
117

UAB

$15.45M · $15,447,388

−64% YoY
118

St. Cloud State University

$14.48M · $14,479,347

−4% YoY
119

University of Arkansas, Pine Bluff

$14.20M · $14,201,927

no prior year
120

Florida A&M University

$13.92M · $13,919,420

no prior year
121

Radford

$13.90M · $13,896,831

no prior year
122

Morgan State

$13.76M · $13,762,286

−12% YoY
123

California State University, East Bay

$13.15M · $13,145,522

+14% YoY
124

South Carolina State University

$13.11M · $13,108,767

no prior year
125

University of Wisconsin-Green Bay

$12.69M · $12,692,042

flat
126

University of Maryland Eastern Shore

$11.95M · $11,946,722

+9% YoY
127

Southern Illinois University Edwardsville

$11.92M · $11,915,923

+8% YoY
128

Missouri Western State University

$11.55M · $11,548,776

+16% YoY
129

Western Illinois

$11.30M · $11,300,974

−3% YoY
130

California State University San Marcos

$11.12M · $11,116,880

+24% YoY
131

Morehead State

$11.04M · $11,041,391

−17% YoY
132

University of South Carolina Upstate

$10.94M · $10,944,084

no prior year
133

California State Polytechnic University,

$10.79M · $10,791,964

+28% YoY
134

Texas Southern University

$10.56M · $10,560,312

no prior year
135

University of North Georgia

$10.17M · $10,166,503

+21% YoY
136

Chicago State University

$9.19M · $9,189,373

+18% YoY
137

California State University, Los Angeles

$8.33M · $8,332,083

+11% YoY
138

Augusta University

$8.16M · $8,162,972

+42% YoY
139

Western Washington University

$8.14M · $8,144,195

+11% YoY
140

Sonoma State University

$8.06M · $8,062,754

+20% YoY
141

Alcorn State University

$7.19M · $7,191,711

−22% YoY
142

California State University, Monterey Bay

$7.14M · $7,138,235

+24% YoY
143

Bowie State University

$6.67M · $6,674,357

no prior year
144

Montana State University Billings

$5.99M · $5,985,629

+3% YoY
145

Mississippi Valley State University

$5.58M · $5,576,533

no prior year
146

University of the District of Columbia

$4.47M · $4,469,557

−8% YoY
147

South Dakota School of Mines &

$4.04M · $4,035,476

no prior year
148

Coppin State University

$3.45M · $3,450,390

−2% YoY
How to read these rankings

These figures come from filed NCAA financial reports collected in our document corpus and parsed from the report text. 831 reports parsed cleanly; 56 could not be read and are absent from these rankings, so a school missing from a year has not necessarily reported nothing.

Football and basketball views come from the report's per-sport allocation tables. They cover recruiting and team travel, not aviation alone: commercial airfare, buses, hotels, meals, and other eligible costs share the same lines. A school can also leave some expenses unallocated.

Private universities have no public-disclosure obligation and generally do not appear. Fiscal years are not uniform — most close June 30, but some schools close on a different date, so a single “FY” column compares slightly different periods. Schools also categorize inconsistently between reports, so treat cross-school gaps of a few percent as noise rather than signal.