For the first time ever, Ohio State athletics generated more than $250 million in revenue in a single year.
In its annual financial report to the NCAA, which the university released on Thursday, Ohio State reported total operating revenues of $251,615,345 for the 2022 fiscal year, which ran from July 1, 2021, to June 30, 2022. That eclipses the previous school record of $233,871,740 in revenue during the 2020 fiscal year.
Ohio State’s total operating expenses for the 2022 fiscal year were $225,733,418, giving the athletic department a net profit of more than $25 million for the year.