In fiscal year 2025, San Diego State University (SDSU)'s Football program reported $28.6M in revenue and $22.3M in expenses, for a net surplus of $6.3M. The program generated $28.6M in total revenue, led by Contributions at $7.8M. Among the 78 FBS programs reporting Football data, San Diego State University ranks 48th overall in total expenses (6th of 36 Group of Five programs) — below the FBS average of $36.5M. San Diego State University competes in the Pac-12; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $7,820,559 |
| Student Fees | $4,087,402 |
| Ticket Sales | $3,187,626 |
| Other Operating Revenue | $2,686,925 |
| Program, Novelty, Parking and Concession Sales | $2,380,067 |
| Media Rights | $2,299,947 |
| Royalties, Licensing, Advertisement and Sponsorships | $2,171,272 |
| Conference Distributions (Non Media and Non Football Bowl) | $2,116,490 |
| Direct Institutional Support | $1,591,886 |
| Guarantees | $250,000 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $6,191,302 |
| Athletic Student Aid | $3,802,618 |
| Game Expenses | $2,570,105 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $1,919,322 |
| Team Travel | $1,859,273 |
| Fund Raising, Marketing and Promotion | $1,650,713 |
| Recruiting | $1,055,745 |
| Student-Athlete Meals (non-travel) | $879,059 |
| Severance Payments | $703,985 |
| Sports Equipment, Uniforms and Supplies | $585,459 |
| Guarantees | $450,000 |
| Other Operating Expenses | $288,737 |
| Direct Overhead and Administrative Expenses | $280,549 |
| Spirit Groups | $35,608 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $925 |
| Sports Camp Expenses | $618 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $28,592,174 | $22,274,018 | +$6.3M |
| FY2024 | $30,556,023 | $23,539,309 | +$7.0M |
| FY2023 | $31,448,527 | $20,142,240 | +$11.3M |
| FY2022 | $12,265,905 | $18,452,448 | -$6.2M |
| FY2021 | $8,083,330 | $11,029,428 | -$2.9M |
| FY2020 | $13,576,870 | $16,899,563 | -$3.3M |
Contributions led the way as the top revenue source at $7.8M, helping the football program generate $28.6M in total revenue against $22.3M in expenses for a $6.3M surplus in FY2025. At $22.3M, total expenses rank 48th among 78 FBS programs and 7th among 37 Group of Five schools, sitting well below the FBS average of $36.5M, with coaching salaries, benefits, and bonuses representing the single largest cost at $6.2M. Expenses have grown substantially over the past several years, more than doubling from $11.0M in FY2021 to their
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