In fiscal year 2025, University of Wyoming's Football program reported $16.6M in revenue and $13.1M in expenses, for a net surplus of $3.5M. The program generated $16.6M in total revenue, led by Ticket Sales at $3.8M. Among the 78 FBS programs reporting Football data, University of Wyoming ranks 62nd overall in total expenses (20th of 36 Group of Five programs) — below the FBS average of $36.5M. University of Wyoming competes in the Mountain West; financial data is available from FY2012 through FY2025.
| Category | Amount |
|---|---|
| Ticket Sales | $3,815,254 |
| Media Rights | $3,242,925 |
| Direct Institutional Support | $3,014,057 |
| Conference Distributions of Football Bowl Generated Revenue | $2,116,490 |
| Guarantees | $2,083,333 |
| Student Fees | $1,698,799 |
| Program, Novelty, Parking and Concession Sales | $592,331 |
| In-Kind | $65,000 |
| Contributions | $2,431 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $4,216,574 |
| Athletic Student Aid | $3,722,444 |
| Team Travel | $1,235,483 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $720,515 |
| Guarantees | $675,000 |
| Recruiting | $637,048 |
| Sports Equipment, Uniforms and Supplies | $524,721 |
| Student-Athlete Meals (non-travel) | $480,803 |
| Enhanced Educational Benefits (Alston or other) | $329,750 |
| Game Expenses | $294,033 |
| Other Operating Expenses | $125,774 |
| Facilities Maintenance and Operations | $121,479 |
| Direct Overhead and Administrative Expenses | $7,776 |
| Memberships and Dues | $500 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $16,630,620 | $13,091,900 | +$3.5M |
| FY2024 | $18,588,806 | $15,712,483 | +$2.9M |
| FY2023 | $17,353,260 | $14,235,242 | +$3.1M |
| FY2022 | $16,593,029 | $12,456,861 | +$4.1M |
| FY2021 | $10,077,736 | $9,567,028 | +$511K |
| FY2020 | $11,308,048 | $12,391,720 | -$1.1M |
Wyoming's football program generated $16.6M in revenue against $13.1M in expenses in FY2025, producing a $3.5M surplus with ticket sales ($3.8M) and coaching salaries ($4.2M) serving as the largest revenue source and expense, respectively. At $13.1M, the program's operating costs rank 62nd among 78 FBS programs and sit well below the FBS average of $36.5M, reflecting the Cowboys' lean operational model within the Mountain West. Expenses have fluctuated over the past six years, peaking at $15.7M in FY2024 before dropping to their current level, though they remain
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