Financial Football

Hertha BSC

2. Bundesliga

Seventh loss in a row, −€385.2m in total.

Bundesliga 2018/19 to 2022/23, 2. Bundesliga 2023/24 to 2024/25. On the gross result, from 2nd to 5th place over this period.

Gross result

€88.1m

−6.1% vs previous season

5th highest value of 14 (4 without figures)

Wage bill

€46.7m

+2.0% vs previous season

4th highest value of 14 (4 without figures)

Net result

−€15.6m

+€17.8m vs previous season

14th highest value of 14 (4 without figures)

Equity

−€38.4m

−€15.3m vs previous season

13th highest value of 14 (4 without figures)

Equity ratio

−97.6%

−58.3pp vs previous season

13th highest value of 14 (4 without figures)

At a glance

  • Negative equity: −€38.4m, the second season in a row. Debts exceed assets.
  • 17% of the wage bill goes to player agents (€7.7m), highest value of 14 (4 without figures).
  • Over the last 3 seasons, 5.3 places worse in the table than on the gross result.

Hertha BSC has reduced its gross result by 37% since 2018/19

2018/19 to 2024/25, €m

  • League median

Source: DFL, club financial figures

Hertha BSC: on average 2.6 places worse in the table than on revenue

2018/19 to 2024/25

  • League position
  • Revenue rank on the gross result

Source: DFL, club financial figures; final tables

Hertha BSC has negative equity

2018/19 to 2024/25, €m

Source: DFL, club financial figures

Equity ratio 2024/25

−97.6%

negative: debts exceed assets.

13th highest value of 14 (4 without figures) · league median 28.1%

Hertha BSC: equity is negative, 130% of the balance sheet is financed by liabilities

Shares of total assets, 2018/19 to 2024/25

Source: DFL, club financial figures

Hertha BSC closes 2024/25 with a deficit of €15.6m

2024/25, €m, excluding items under €50k

Source: DFL, club financial figures

Hertha BSC: wage ratio from 44% (2018/19) to 53% (2024/25)

2018/19 to 2024/25

  • Hertha BSC by season
  • 2. Bundesliga 2024/25

Source: DFL, club financial figures

Season 2024/25

Position in the league

Key figureValueRankMedianworsebetter
Gross result €88.1m5 of 14 5 of 14 €54.4m
Wage bill €46.7m4 of 14 4 of 14 €21.8m
Wage ratio 53.0%2 of 14 2 of 14 42.1%
Net result −€15.6m14 of 14 14 of 14 €2.8m
Equity −€38.4m13 of 14 13 of 14 €8.5m
Equity ratio −97.6%13 of 14 13 of 14 28.1%
Liabilities €51.1m2 of 14 2 of 14 €26.8m
Payments to player agents €7.7m1 of 14 1 of 14 €1.1m

Hertha BSC ranks 5th on the gross result in the 2. Bundesliga

14 clubs, 2024/25, €m

  • Median

Source: DFL, club financial figures

Compare with

Clubs of similar size

Nürnberg €101.5m · place 4 Hannover 96 €63.0m · place 6 Hamburger SV €120.1m · place 3

All four compared