The Edinburgh derby

Football rivalries · Money from the clubs' latest filed accounts

Hearts v Hibernian, the Edinburgh derby: who is winning on the books?

Hearts lost £2.0m before tax; Hibernian lost £6m before tax.

Pre-tax result

Hearts

-£2.0m v -£6m

Which club is richer?

Hearts lost £2.0m before tax; Hibernian lost £6m before tax.

Latest filed accountsHearts
Year to Jun 2025
Hibernian
Year to Jun 2025
Turnover£24mn/d
Turnover growth+20.7%n/d
Pre-tax profit-£2.0m-£6m
Staff costs£19m£12m
Wages as a share of turnover78.2%n/d
Net assets£28m£28m
Cash£10m£3m
Employees325162

Figures from each club's latest accounts at Companies House: HEART OF MIDLOTHIAN PLC (SC005863) and THE HIBERNIAN FOOTBALL CLUB LIMITED (SC005323). Borrowings are Spark Intel's estimate from the balance sheet. Full club finances: Hearts and Hibernian.

How did each club's year go?

Hearts' turnover rose 20.7% to £24m. Its pre-tax result went from -£4m to -£2.0m.

Hibernian's pre-tax result went from -£8m to -£6m.

Hearts, latestYear beforeHibernian, latestYear before
Turnover£24m£20mn/dn/d
Wages£19m£16m£12m£13m
Pre-tax result-£2.0m-£4m-£6m-£8m

Both years from each club's latest filed accounts. Club pages: Hearts · Hibernian.

Hearts v Hibernian: common questions

Which club is richer, Hearts or Hibernian?

Hearts lost £2.0m before tax; Hibernian lost £6m before tax.

How much of Hearts' turnover goes on wages?

£78 of every £100 (78.2%) in its latest accounts. Of every £100 Hearts took in, £78 went on wages and £30 on everything else: £8 more than came in, a pre-tax loss.

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