Conference Members 2026-27 Football Other Sports
Boston College ACC ACC
California ACC ACC
Clemson ACC ACC
Duke ACC ACC
Florida State ACC ACC
Georgia Tech ACC ACC
Louisville ACC ACC
Miami ACC ACC
North Carolina ACC ACC
North Carolina State ACC ACC
Notre Dame Independent ACC
Pittsburgh ACC ACC
Southern Methodist ACC ACC
Syracuse ACC ACC
Stanford ACC ACC
Virginia ACC ACC
Virginia Tech ACC ACC
Wake Forest ACC ACC
Total Members 17 18
2025 Operating Results: ACC Schools
Per NCAA reporting, ACC schools averaged a net operating loss of $ 71 million per school in 2025. These losses were funded by booster contributions averaging $ 38 million per school, combined school support and student fees averaging $ 24 million per school and investment / endowment income averaging $ 6 million per school:
Operating Results ($) ACC Schools 2025 * | Operating Revenue | Operating Expenses | Loss from Operations | Booster Contributions | Student Fees & School Support | Endowment & Investment | Surplus (Deficit) |
|---|---|---|---|---|---|---|---|
| California | 74,323,630 | 173,116,317 | -98,792,687 | 20,523,208 | 38,906,648 | 15,087,410 | -24,275,421 |
| Clemson | 121,833,921 | 197,684,981 | -75,851,060 | 56,185,212 | 20,180,572 | 378,990 | 893,714 |
| Florida State | 103,201,873 | 208,187,039 | -104,985,166 | 55,634,744 | 42,505,033 | 10,608,973 | 3,763,584 |
| Georgia Tech | 88,450,433 | 155,972,603 | -67,522,170 | 38,778,942 | 16,499,195 | 12,322,007 | 77,974 |
| Louisville ** | 116,686,011 | 147,750,426 | -31,064,415 | 21,203,827 | 6,868,787 | 2,153,386 | -838,415 |
| North Carolina | 117,619,741 | 187,967,260 | -70,347,519 | 40,215,448 | 10,423,615 | 4,692,230 | -15,016,226 |
| North Carolina State | 87,604,507 | 134,541,641 | -46,937,134 | 36,881,482 | 17,063,455 | - | 7,007,803 |
| Virginia | 75,818,085 | 162,066,043 | -86,247,958 | 34,618,654 | 37,216,992 | 7,466,853 | -6,945,459 |
| Virginia Tech | 93,220,414 | 156,147,692 | -62,927,278 | 38,783,486 | 24,095,579 | 5,118,209 | 5,069,996 |
| Average per School ($) | 97,639,846 | 169,270,445 | -71,630,599 | 38,091,667 | 23,751,097 | 6,425,340 | -3,362,495 |
Some big red ink here … Florida State’s net operating loss exceeded $ 100 million and California (with only a fractional media share) wasn’t far behind. These losses are only likely to get bigger with the added costs of revenue sharing and additional scholarships kicking in this year.
* Data available for public universities only.
** Operating expenses for Louisville do not include revenue sharing payments reported on 2025 NCAA filing.
2025 Operating Revenues: ACC Schools
Operating Revenues are sources of income received from exchange transactions. This is distinct from athletic department support such as booster contributions, student fees and school funding. This distinction is important when evaluating an organization’s ongoing ability to meet expenses.
Operating Revenues ACC Schools 2025 ($) | Total Revenue | Ticket Sales | Media, NCAA & Conference | Licenses & Sponsorships | Game Guarantees | Other Revenue |
|
|---|---|---|---|---|---|---|---|
| California | 74,323,630 | 14,259,893 | 24,695,527 | 5,490,492 | 474,300 | 29,403,418 | |
| Clemson | 121,833,921 | 39,128,334 | 54,140,495 | 17,906,491 | 5,118,272 | 5,540,329 | |
| Florida State | 103,201,873 | 28,515,039 | 47,668,816 | 14,187,618 | 167,672 | 12,662,728 | |
| Georgia Tech | 88,450,433 | 15,669,503 | 55,170,073 | 9,938,436 | 3,130,315 | 4,542,106 | |
| Louisville | 116,686,011 | 34,240,447 | 48,957,394 | 24,645,765 | 1,100,000 | 7,742,405 | |
| North Carolina | 117,619,741 | 32,116,531 | 51,930,806 | 23,973,222 | 825,086 | 8,774,096 | |
| North Carolina State | 87,604,507 | 26,322,912 | 48,147,701 | 2,401,181 | 3,979,733 | 6,752,980 | |
| Virginia | 75,818,085 | 15,902,119 | 47,352,404 | 8,166,062 | 419,900 | 3,977,600 | |
| Virginia Tech | 93,220,414 | 23,716,393 | 48,068,705 | 14,961,055 | 462,050 | 6,012,211 | |
| Average per School ($) | 97,639,846 | 25,541,241 | 47,347,991 | 13,518,925 | 1,741,925 | 9,489,764 |
2025 Operating Expenses: ACC Schools
2025 Expenses ACC Schools ($) | Total Expenses | Coaching Salaries | Admin Salaries | Athletic Scholarships | Game Guarantees | Travel, Uniforms & game costs | Fundraising | Facilities, overhead & administration | Recruiting | Athlete Medical, Meals & Benefits | Severance Payments | Other Expenses |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| California | 173,116,317 | 30,758,230 | 35,772,871 | 23,146,379 | 1,817,360 | 27,223,338 | 8,775,977 | 20,087,102 | 3,866,291 | 8,721,135 | 879,593 | 12,068,041 | |
| Clemson | 197,684,981 | 40,432,028 | 37,431,213 | 21,964,110 | 2,450,742 | 25,572,331 | 2,633,868 | 22,178,653 | 5,081,023 | 12,491,025 | 1,758,345 | 25,691,643 | |
| Florida State | 208,187,039 | 31,002,721 | 24,354,670 | 10,861,181 | 2,674,120 | 20,509,739 | 34,921,117 | 46,605,004 | 2,577,842 | 5,656,245 | 3,373,502 | 25,650,898 | |
| Georgia Tech | 155,972,603 | 21,785,396 | 20,522,330 | 13,350,997 | 1,650,852 | 32,298,647 | ** | 36,919,130 | 2,591,220 | 5,707,480 | 4,888,703 | 16,257,848 | |
| Louisville ** | 147,750,426 | 30,267,040 | 25,319,487 | 15,896,536 | 2,151,181 | 26,374,269 | 4,262,320 | 22,071,585 | 2,740,473 | 7,336,805 | 2,762,735 | 8,567,995 | |
| North Carolina | 187,967,260 | 34,887,473 | 29,663,687 | 16,208,662 | 1,769,985 | 25,869,553 | 14,260,493 | 29,902,467 | 4,192,936 | 10,100,507 | 3,978,201 | 17,133,296 | |
| North Carolina State | 134,541,641 | 30,034,406 | 25,566,994 | 12,284,169 | 2,781,031 | 15,625,900 | 1,643,866 | 19,171,551 | 3,400,675 | 5,659,274 | 1,761,826 | 16,611,949 | |
| Virginia | 162,066,043 | 30,521,366 | 22,669,747 | 25,375,469 | 1,342,673 | 19,268,529 | 10,883,854 | 28,963,645 | 2,909,298 | 7,691,319 | 1,441,964 | 10,998,179 | |
| Virginia Tech | 156,147,692 | 25,841,202 | 22,909,987 | 17,191,388 | 1,295,957 | 21,351,048 | 15,378,776 | 29,430,747 | 3,384,357 | 9,709,079 | 880,416 | 8,774,735 | |
| Average per School ($) | 169,270,445 | 30,614,429 | 27,134,554 | 17,364,321 | 1,992,656 | 23,788,150 | 10,306,697 | 28,369,987 | 3,416,013 | 8,119,208 | 2,413,921 | 15,750,509 |
Operating expenses are expected to increase significantly in 2026 due to impact of revenue sharing and increased scholarship limits for all sports … around $ 25 million in new costs this year for some ACC schools.
** Operating expenses for Louisville do not include revenue sharing payments reported on 2025 NCAA filing.
Average Operating Results: 2025 v 2024
Operating Results 2024-25
Average per ACC School ($)FYE 2025 ($) FYE 2024 ($)
Operating Revenues 97,639,846 92,451,773
Operating Expenses 169,270,445 151,562,775
Loss from Operations -71,630,599 -59,111,002
Booster Contributions 38,091,667 34,470,378
School Support & Student Fees 23,751,097 19,890,802
Endowment & Investment 6,425,340 6,395,257
Surplus (Deficit) -3,362,495 1,645,435
Average Operating Revenues: 2025 v 2024
Operating Revenue 2024-25
Average per ACC School ($)FYE 2025 ($) FYE 2024 ($)
Ticket Sales 25,541,241 24,113,786
Media, NCAA & Conference 47,347,991 46,936,583
Licenses & Sponsorships 13,518,925 14,474,454
Game Guarantees 1,741,925 1,240,180
Other Operating Revenues 9,489,764 5,686,770
ACC School Average ($) 97,639,846 92,451,773
Average Operating Expenses: 2025 v 2024
Operating Expenses 2024-25
Average per ACC School ($)FYE 2025 ($) FYE 2024 ($)
Coaching Salaries 30,614,429 29,293,434
Administrative Salaries 27,134,554 25,932,116
Athletic Scholarships 17,364,321 17,309,458
Travel, Uniforms & Game Costs 23,788,150 21,756,483
Fundraising & Marketing 10,306,697 3,715,116
Facilities, overhead & administration 28,369,987 24,643,103
Recruiting 3,416,013 3,215,488
Athlete Medical & Insurance 8,119,208 5,394,364
Game Guarantees 1,992,656 1,912,722
Severance Payments 2,413,921 1,892,850
Other Operating Expenses 15,750,509 16,497,641
ACC School Average ($) 169,270,445 151,562,775
EADA Operating Expenses: ACC Schools 2022-25
Per EADA (aka Title IX) reporting, average 2025 athletic department operating costs were $ 165 million for ACC schools, a 37% increase in expenses over a 3-year span:
ACC Athletic Departments
Annual Expenses 2022-25*FY 2025 ($) FY 2024 ($) FY 2023 ($) FY 2022 ($) 3-year %
Increase
Notre Dame ** 244,698,449 209,049,397 204,392,860 170,878,848 43%
Miami 230,484,608 182,459,468 159,633,958 148,497,805 55%
Stanford 192,802,320 199,603,664 179,645,688 156,600,887 23%
Florida State 192,717,172 169,896,350 170,434,508 147,596,659 31%
Clemson 186,106,774 171,016,070 152,093,316 140,436,882 33%
North Carolina 180,835,031 149,062,850 136,891,350 117,437,619 54%
Duke 180,590,186 166,757,447 150,765,898 148,026,188 22%
California 173,116,318 146,563,317 134,872,865 114,485,848 51%
Louisville 154,819,604 165,168,798 152,601,594 139,978,924 11%
Pittsburgh 151,337,808 138,637,236 136,704,076 122,722,495 23%
Virginia 150,622,194 134,608,065 125,968,540 121,148,341 24%
Southern Methodist 150,225,313 99,506,414 86,044,162 79,414,946 89%
Virginia Tech 148,984,818 126,337,823 117,168,565 109,216,783 36%
Boston College 142,122,049 136,563,473 118,430,392 95,703,917 49%
Georgia Tech 140,430,227 127,823,348 114,155,972 91,780,856 53%
North Carolina State 129,009,673 124,901,094 118,653,089 100,680,079 28%
Wake Forest 114,628,069 102,342,890 97,298,475 84,889,487 35%
Syracuse 108,994,576 108,152,358 94,193,664 84,556,101 29%
Average per School ($) 165,140,288 147,691,670 136,108,276 120,780,704 37%
* Expenses per Equity in Athletics Act (EADA) annual reporting. EADA differs from NCAA reporting with the primary difference being that EADA reporting does not require disclosure of payments made for athletic facilities debt service and leases. Consequently, EADA reporting typically results in lower annual expenses than NCAA reporting at most schools. See our methodology page for more detail and disclosures.
** Notre Dame football is independent, the school is an ACC Member for all other sports.
Estimated NCAA Revenue Sharing 2025-26: ACC Schools
Football and Men’s basketball account for close to 90% of team specific revenues at most Power Conference schools, and athletes in these two sports will be the major beneficiaries of revenue sharing:
| Estimated Revenue Sharing ACC Schools 2025-26 | Revenue Share % | Team / Sport Allocation ($) | Eligible Athletes | Average per Athlete ($) |
|
|---|---|---|---|---|---|
| Football | 67.7% | 13,886,805 | 105 | 132,255 | |
| Men's Basketball | 15.6% | 3,417,066 | 15 | 227,804 | |
| All Other Sports | 16.7% | 3,196,129 | 507 | 6,304 | |
| ACC Averages | 100.0% | $ 20,500,000 | 627 | $ 32,695 |
These are averages per athlete, a few players per team will receive substantially higher than the average, while many will get much less. For athletes who see little if any playing time, their revenue share will also likely be minimal. Estimates are based on team specific revenues as reported to the NCAA.
Questions on our data? Contact us at: NIL-NCAA.com
Statistics compiled & edited by Patrick O’Rourke, CPA Washington, DC 