In fiscal year 2025, North Carolina State University (NCSU)'s Football program reported $68.6M in revenue and $38.0M in expenses, for a net surplus of $30.6M. The program generated $68.6M in total revenue, led by Media Rights at $26.9M. Among the 78 FBS programs reporting Football data, North Carolina State University ranks 32nd overall in total expenses (32nd of 42 Power Four programs) — above the FBS average of $36.5M. North Carolina State University competes in the ACC; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Media Rights | $26,945,556 |
| Ticket Sales | $16,161,483 |
| Contributions | $7,067,366 |
| Conference Distributions of Football Bowl Generated Revenue | $6,557,474 |
| Program, Novelty, Parking and Concession Sales | $3,925,565 |
| Guarantees | $3,826,458 |
| Student Fees | $2,874,744 |
| Football Bowl Revenues | $1,117,674 |
| Indirect Institutional Support - Athletic Facilities Debt Service, Lease and Rental Fees | $99,315 |
| Sports Camp Revenues | $33,306 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $13,027,660 |
| Athletic Student Aid | $3,523,577 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $3,518,001 |
| Facilities Maintenance and Operations | $3,131,178 |
| Recruiting | $2,053,468 |
| Game Expenses | $1,973,136 |
| Guarantees | $1,925,000 |
| Direct Overhead and Administrative Expenses | $1,672,565 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $1,599,237 |
| Football Bowl Expenses | $1,253,706 |
| Team Travel | $1,148,350 |
| Sports Equipment, Uniforms and Supplies | $859,200 |
| Severance Payments | $691,974 |
| Enhanced Educational Benefits (Alston or other) | $680,280 |
| Football Bowl Expenses - Coaching Compensation/Bonuses | $454,800 |
| Memberships and Dues | $233,418 |
| Student-Athlete Meals (non-travel) | $145,007 |
| Medical Expenses and Insurance | $141,934 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $68,608,941 | $38,032,491 | +$30.6M |
| FY2023 | $59,985,067 | $33,603,791 | +$26.4M |
| FY2022 | $53,714,138 | $31,884,539 | +$21.8M |
| FY2021 | $33,808,618 | $21,716,372 | +$12.1M |
| FY2020 | $47,324,455 | $24,254,256 | +$23.1M |
| FY2019 | $47,117,325 | $25,134,249 | +$22.0M |
The Wolfpack football program generated $68.6M in revenue in FY2025, driven primarily by $26.9M in media rights, while holding expenses to $38.0M — slightly above the FBS average of $36.5M — resulting in a healthy $30.6M surplus. Coaching salaries, benefits, and bonuses represented the program's single largest cost at $13.0M, contributing to expenses that have grown steadily from $25.1M in FY2019 to their current level. Ranked 32nd among 78 FBS programs in total spending, NC State's football operation reflects a financially disciplined approach that nonetheless remains competitive within the Power Four
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