San Diego Padres
- Revenue '25, $M
- Estimated · Forbes · 10th of 30
- Op. income '25, $M
- Estimated · Forbes · 19th of 30
- CBT payroll '25, $M
- Reported · AP via Post Register
Revenue and results
2025 revenue split into operating income and everything else. Calculated from Forbes estimates.
| Figure | Value | Rank of 30 | League median | Source |
|---|---|---|---|---|
| Revenue, 2025, net of revenue sharing | $452M (estimated) | 10th | $359M | Forbes, Mar 2026 |
| Operating income, 2025 | −$1M (estimated) | 19th | $23.5M | Forbes, Mar 2026 |
| Luxury tax paid, 2025 | $7M | MLB via CBS Sports | ||
| Operating income before luxury tax, 2025 | $6M (modeled) | Forbes figure plus tax paid | ||
| Local TV rights fee | Unknown (unknown) | Not public |
Figures are reported unless marked: * estimated, † modeled by DugoutIQ, ‡ unknown. About labels
What Forbes' operating income leaves out. It covers baseball operations in one regular season, and:
- It's what's left after payroll and the rest of the organization are paid for. It isn't the same as what the owner makes. What those costs are
- It counts luxury tax payments as a cost, so the biggest spenders' figures fall by the amount of their tax bill.
- It leaves out playoff revenue.
- It leaves out the growth in a franchise's value, often the largest return an owner earns.
- It leaves out businesses owners run alongside the club, such as real estate around the ballpark or a stake in a TV network.
- It's an outside estimate. When club books leaked in 2010, Forbes' figures ran higher than the audited ones in 8 of 10 cases.
League context
Revenue against operating income for all 30 clubs, 2025. The Padres rank 10th in revenue and 19th in operating income. The two clubs with the most revenue, the Dodgers and Yankees, come in below zero on Forbes' measure after paying $169.4M and $61.8M in luxury tax.
Payroll
| Figure | Value | Source |
|---|---|---|
| Payroll, 2025 | $217.6M | AP via Register-Herald |
| Tax payroll, 2025 | $270.4M | AP via Post Register |
| Luxury tax paid, 2025 | $7M | MLB via CBS Sports |
| Highest tax payroll, 2025: Dodgers | $417.3M | AP via Post Register |
Payroll is what the club paid its 40-man roster. Tax payroll is the luxury tax figure, which counts each contract's average annual value plus benefits. Both are defined in the glossary. All figures are reported. About labels
Where the Padres fall against each side's proposed caps and floors
Big contracts, 2026
The Padres carried 6 contracts at $20M or more, 3rd (tie) in MLB, 3 at $10M to $20M and 4 at $5M to $10M, measured by what each counts against the luxury tax this season. Every club
| Player | 2026 tax charge | Signed through |
|---|---|---|
| Manny Machado | $31.8M | 2033 |
| Xander Bogaerts | $25.5M | 2033 |
| Michael King | $25M | 2026 |
| Robbie Ray | $25M | 2026 |
| Fernando Tatis Jr. | $24.3M | 2034 |
| Joe Musgrove | $20M | 2027 |
All figures are estimates. About labels Source: FanGraphs RosterResource, as of Oct 2026. The tax charge is usually the contract's average annual value. Released and traded players aren't counted.
Farm system
| Level | Affiliate | League | Home |
|---|---|---|---|
| Triple-A | El Paso Chihuahuas | Pacific Coast League | El Paso |
| Double-A | San Antonio Missions | Texas League | San Antonio |
| High-A | Fort Wayne TinCaps | Midwest League | Fort Wayne |
| Single-A | Lake Elsinore Storm | California League | Lake Elsinore |
| Complex | ACL Padres | Arizona Complex League | Peoria |
| DSL | DSL Padres Brown | Dominican Summer League | Dominican Republic |
| DSL | DSL Padres Gold | Dominican Summer League | Dominican Republic |
Source: MLB Stats API, Oct 2026. Complex teams play at the club's spring training site. Player development spending isn't public. Every club's affiliates
Baseball operations staff
Not yet counted. Staff counts come from an annual snapshot of each club's directory. How we classify roles
Spot something wrong? Send a correction with a source.