Michigan State University (MSU) Athletics Financial Data

NCAA Membership Financial Reporting System (MFRS) · Big Ten · Data available: FY2017–FY2025

In fiscal year 2025, Michigan State University (MSU)'s athletics department reported $179.9M in total revenues and $178.3M in total expenses, resulting in a net surplus of $1.6M. Michigan State University competes in the Big Ten. Financial data for Michigan State University is available in this dataset from FY2017 through FY2025.

FY2025 Overview

Total Revenue
$179,891,651
Total Expenses
$178,288,091
Net
+$1,603,560

This is a data snapshot. The interactive explorer lets you filter by conference, compare schools, and dig into sport-level trends.

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FY2025 Revenue & Expenses by Sport

SportRevenueExpenses
Football$97,849,914$48,999,874
Men's Basketball$28,027,762$19,429,336
Women's Basketball$1,261,218$6,988,628
Other Sports$15,783,533$38,653,079

Individual Sport Financial Pages

SportRevenue FY2025Expenses FY2025
Football$97,849,914$49,998,836
Men's Basketball$29,235,766$21,009,976
Women's Basketball$1,773,618$7,265,000
Baseball$493,894$2,477,182
Soccer$853,390$4,303,514
Volleyball$648,364$4,152,417
Swimming and Diving$25,132$18,657
Softball$234,038$2,131,447
Tennis$5,453,692$2,685,739
Golf$2,004,277$3,765,949
Ice Hockey$4,969,686$9,109,098
Gymnastics$448,428$2,218,294
Wrestling$234,901$1,676,351
Rowing$46,401$3,321,525
Field Hockey$108,771$1,730,173
Track and Field$400,941$4,429,081
Data sourced from NCAA MFRS filings obtained via public records (FOIA) requests and official athletic department disclosures. Figures are as reported to the NCAA and may include institutional support, conference distributions, and other non-self-generated revenue. See the methodology page for full sourcing details.

Recent Financial Trends

Fiscal YearTotal RevenueTotal ExpensesNet
FY2025$179,891,651$178,288,091+$1.6M
FY2024$163,735,928$180,456,943-$16.7M
FY2023$170,654,025$181,850,581-$11.2M

Frequently Asked Questions

How much revenue does Michigan State University athletics generate?
In FY2025, Michigan State University reported $179.9M in total athletics revenues according to NCAA MFRS filings.
How much does Michigan State University spend on athletics?
In FY2025, Michigan State University reported $178.3M in total athletics expenses according to NCAA MFRS filings.
Does Michigan State University athletics run a surplus or deficit?
In FY2025, Michigan State University athletics reported a net surplus of $1.6M.