Arsenal's return to the top table of European football and subsequent good performance is expected to see the club achieve record revenue for the most recent financial year.

Arsenal, along with Liverpool and Wolverhampton Wanderers, had their financial year-end for 2023/24 come at the end of May, the period accounting for the success the club had achieved in both finishing second in the Premier League and marking their return to Champions League football in 2023/24 with a run to the quarter-finals, where they would eventually be beaten by Bayern Munich.

The Gunners, who under Mikel Arteta have started this Premier League season off strongly, the weekend defeat to Bournemouth aside, and are eyeing a deeper run in European football's top-tier knockout competition this term, have managed to shake off the shackles of previous years and look primed to be challenging for the top honours year in, year out. That bodes well for the club's ability to bring in more in terms of revenue, and that will be impactful for what the club can do in the transfer market in the seasons to come.

The full, audited financial results for Arsenal won't likely be published until early 2025, but analysts at football business and data website Off The Pitch have crunched some numbers to give a flavour of where they believe the figures will land. In recent years the predictions have not been far out.

The standout prediction is that revenue is anticipated to reach record levels In 2022/23, Arsenal posted revenues of PS464.6m, a rise of PS95.5m year on year, an increase of 26%.

The forecasts from Off The Pitch's analysis have the Gunners bringing in EUR657.6m (PS547.7m) for 2023/24, the largest sum the club has ever delivered in terms of revenue and what would represent a rise of PS83.1m year-on-year or an increase of almost 18% - as well as a huge boost to owners the Kroenkes.

The analysis also predicts that Arsenal, through both the improvement in fortunes on the pitch that has brought in considerable new revenue, and effective player trading, are on course to post their first profit in seven years, albeit one that would stand at a rather modest EUR5.2m (PS4.3m), according to the data presented.

Such a financial result would have a positive impact on the Gunners and their profit and sustainability (PSR) position as it would reduce their three-year loss average, while the forecast results would also help from UEFA's own financial controls standpoint, where a squad cost ratio is adopted that factors in money revenue against money spent on transfers, wages, and intermediary fees.

An improved PSR position would allow for greater flexibility in the transfer market as the Gunners seek to build on their fine form over the past couple of seasons, to put the squeeze on rivals such as Manchester City and Liverpool. Matchday revenue is also predicted to rise by 11.5% to EUR131.5m (PS109.5m), an improvement driven by one extra home game and Champions League fixtures.

A rise of just over 12% is also forecast thanks to an extended deal with Emirates and other strong commercial partnerships to potentially take commercial revenue to as high as EUR218.5m (PS182m). That is an area where Arsenal will be targeting real growth in seasons to come, with that figure still trailing the likes of Liverpool by just shy of PS100m.