- Forbes has the Oilers at $244 million in operating income, the most of any NHL team
- Edmonton tied the LA Rams for third across all of world sports
- Read below for the full top 10 and where the Maple Leafs and Rangers landed
The Edmonton Oilers are the most profitable team in hockey. They are also the third most profitable team in all of sports.
Forbes put Edmonton at $244 million in operating income on its list of the world’s 20 most profitable sports teams, tied with the NFL’s Los Angeles Rams. Only the Dallas Cowboys ($629 million) and the Golden State Warriors ($409 million) finished ahead of them.
That number puts a club from northern Alberta ahead of the New England Patriots, the Mercedes Formula 1 team and Manchester United, which did not turn up until 11th at $185 million.
Front Office Sports laid the whole top 10 out in one graphic over the weekend:
Three NHL clubs cracked the 20. Toronto came in ninth at $191 million, and the New York Rangers took 13th at $182 million.
| Rank | Team | League | Operating Income |
|---|---|---|---|
| 1 | Dallas Cowboys | NFL | $629M |
| 2 | Golden State Warriors | NBA | $409M |
| T-3 | Edmonton Oilers | NHL | $244M |
| T-3 | Los Angeles Rams | NFL | $244M |
| 5 | Mercedes | Formula 1 | $227M |
| 6 | New England Patriots | NFL | $222M |
| T-7 | Atlanta Hawks | NBA | $203M |
| T-7 | Philadelphia 76ers | NBA | $203M |
| T-9 | Houston Rockets | NBA | $191M |
| T-9 | Toronto Maple Leafs | NHL | $191M |
Edmonton more than tripled the NHL average. Forbes had the league’s 32 clubs averaging $248 million in revenue and $74 million in operating income across 2024-25, with not one team finishing in the red.
Connor McDavid and Leon Draisaitl are the engine behind it. The Oilers went back to the Stanley Cup Final in 2025, and a run that long is the closest thing the NHL has to a printing press, with a dozen extra home dates and playoff pricing on every one of them.
Franchise value tells a slightly different story. Edmonton sits fourth in the NHL at $3.2 billion, behind Toronto ($4.4 billion), the Rangers ($4 billion) and Montreal ($3.4 billion).
Money has never been Edmonton’s problem. The Stanley Cup still is.
