Barcelona on Monday announced record income of €708 million for 2016/2017 with an after-tax profit of €18 million.
The Spanish giants said the healthy revenue was up €13m on the forecast figure in their budget for the period.
A statement following the approval of the accounts at a board meeting disclosed the club has reduced its debt by €24.5m to €247m.
The salaries of Lionel Messi, Luis Suarez, Neymar and co account for 66 percent of Barcelona’s expenditure, the statement added.
Barça say that the financial results fit into the club’s strategic plan for revenue to top one billion euros by 2021.
The Catalan side are ranked the fourth most valuable sports team in the world after the NFL’s Dallas Cowboys, Major League Baseball’s New York Yankees and Manchester United by Forbes magazine.
Last season Barcelona relinquished their Spanish title to Real Madrid and were knocked out of the Champions League at the quarter-final stage by Juventus who went on to lose to Barca’s arch-rivals Real in the final in Cardiff.
Meanwhile, new Barcelona coach Ernesto Valverde on Monday laughed off the idea of bringing in new players, saying the best signings were the players already in the dressing room.
“I’m more than happy with the way things stand,” said Valverde when pressed on the potential signing of Paris Saint-Germain midfielder Marco Verratti.
“Happy with the players, happy with their work and their attitude,” he said as his players prepare for their trip to the United States on Wednesday.
“I really don’t care about any player anywhere else,” he said, knowing fans will be keen to win back the Spanish League title and indeed the Champions League, both won by their arch-rivals Real Madrid.
“Even if you might argue we need back up in certain areas,” he said, adding Barcelona had no offers on the table for any of their players either.
“For me, the best signings are the players I already have in my team.”
He said Lionel Messi, Luis Suarez and Neymar, Barcelona’s attacking trident were “a huge factor in the intimidation of our rivals.”