Forbes list of the most valuable NFL teams

Forbes compiles the finances of all 32 NFL teams to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand. These areas are supported by applying financial metrics such as revenue and operating income to each one. The Dallas Cowboys, valued at $17 billion in 2026, has been the NFL's most valuable franchise since 2007 and the most valuable sports franchise in the world since 2016. In the 2025 list updated on November 10, 2025, Forbes valued the Cowboys at $13 billion, followed by the Los Angeles Rams ($10.5 billion) and New York Giants ($10.1 billion) also topping $10 billion, with the average NFL franchise reaching $7.1 billion.

Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Sports Illustrated. The NFL has recognized the annual ranking for the first time after the rendition based on the 2014 NFL season.

Ranking Rankings as of September 2026 Rank Swing Team State Value Change Revenue Operating income 1 Dallas Cowboys $17 billion 29% $629 million 2 Los Angeles Rams 38% $764 million $244 million 3 1 New York Giants $10.1 billion 38% $707 million $181 million 4 1 New England Patriots $9 billion 22% $762 million $222 million 5 13 San Francisco 49ers $8.6 billion 26% $723 million $115 million 6 2 Philadelphia Eagles $8.3 billion 26% $688 million $117 million 7 2 Chicago Bears $8.2 billion 28% $629 million $80 million 8 3 New York Jets $8.1 billion 17% $663 million $180 million 9 2 Las Vegas Raiders $7.7 billion 19% $832 million $179 million 10 Washington Commanders $7.6 billion 21% $644 million $116 million 11 Miami Dolphins $7.5 billion 21% $656 million $63 million 12 Houston Texans $7.4 billion 21% $687 million $156 million 13 1 Denver Broncos $6.8 billion 24% $645 million $103 million 14 1 Seattle Seahawks $6.7 billion 23% $624 million $143 million 15 2 Green Bay Packers $6.65 billion 19% $719 million $83 million 16 Tampa Bay Buccaneers $6.6 billion 22% $629 million $130 million 17 Pittsburgh Steelers $6.5 billion 23% $619 million $137 million 18 1 Cleveland Browns $6.4 billion 24% $685 million $90 million 19 13 Atlanta Falcons $6.35 billion 22% $612 million $37 million 20 3 Tennessee Titans $6.3 billion 29% $582 million $93 million 21 Minnesota Vikings $6.25 billion 24% $609 million $70 million 22 2 Kansas City Chiefs $6.2 billion 28% $610 million $66 million 23 1 Baltimore Ravens $6.1 billion 22% $621 million $115 million 24 4 Los Angeles Chargers $6 billion 18% $593 million $105 million 25 5 Buffalo Bills $5.95 billion 42% $585 million $104 million 26 1 Indianapolis Colts $5.9 billion 23% $593 million $109 million 27 Carolina Panthers $5.7 billion 27% $588 million $36 million 28 2 Jacksonville Jaguars $5.6 billion 22% $552 million $106 million 29 Arizona Cardinals $5.5 billion 28% $571 million $62 million 30 1 Detroit Lions $5.4 billion 30% $585 million $21 million 31 3 New Orleans Saints $5.3 billion 20% $607 million $115 million 32 Cincinnati Bengals $5.25 billion 28% $573 million $50 million

Historical valuations

+ Historical valuations (in US$ millions) by NFL team Team 20232022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Dallas Cowboys 10,1009,000 8,000 6,500 5,700 5,500 5,000 4,800 4,200 4,000 3,200 2,300 New England Patriots 7,4007,000 6,400 5,000 4,400 4,100 3,800 3,700 3,400 3,200 2,600 1,800 Los Angeles Rams 7,6006,900 6,200 4,800 4,000 3,800 3,200 3,000 2,900 1,500 930 875 New York Giants 7,3006,800 6,000 4,850 4,300 3,900 3,300 3,300 3,100 2,800 2,100 1,600 Chicago Bears 6,4006,300 5,800 4,075 3,500 3,500 2,900 2,900 2,700 2,500 1,700 1,300 Washington Commanders 6,3006,050 5,600 4,200 3,500 3,400 3,100 3,100 3,000 2,900 2,400 1,700 New York Jets 6,9006,100 5,400 4,050 3,600 3,200 2,900 2,800 2,800 2,600 1,800 1,400 San Francisco 49ers 6,8006,000 5,200 4,175 3,800 3,500 3,100 3,100 3,000 2,700 1,600 1,200 Las Vegas Raiders 6,7006,200 5,100 3,415 3,100 2,900 2,400 2,400 2,100 1,400 970 825 Philadelphia Eagles 6,6005,800 4,900 3,800 3,400 3,100 2,800 2,700 2,500 2,400 1,800 1,300 Houston Texans 6,1005,500 4,700 3,700 3,300 3,100 2,800 2,800 2,600 2,500 1,900 1,500 Denver Broncos 5,5005,100 4,650 3,750 3,200 3,000 2,700 2,600 2,400 1,900 1,500 1,200 Miami Dolphins 6,2005,700 4,600 3,420 2,900 2,800 2,600 2,600 2,400 1,900 1,300 1,100 Seattle Seahawks 5,4505,000 4,500 3,500 3,100 2,800 2,600 2,400 2,200 1,900 1,300 1,100 Green Bay Packers 5,6004,600 4,250 3,475 3,100 2,900 2,600 2,600 2,400 2,000 1,400 1,200 Atlanta Falcons 5,2004,700 4,000 3,200 2,900 2,800 2,600 2,500 2,100 1,700 1,100 933 Pittsburgh Steelers 5,3004,630 3,975 3,430 3,000 2,800 2,600 2,500 2,300 1,900 1,400 1,100 Minnesota Vikings 5,0504,650 3,925 3,350 3,000 2,700 2,400 2,400 2,200 1,600 1,200 1,000 Baltimore Ravens 5,0004,630 3,900 3,400 3,000 2,800 2,600 2,500 2,300 1,900 1,500 1,200 Los Angeles Chargers 5,1004,150 3,875 2,920 2,600 2,500 2,300 2,300 2,100 1,500 995 949 Cleveland Browns 5,1504,620 3,850 2,600 2,400 2,200 2,000 2,000 1,900 1,500 1,100 1,000 Indianapolis Colts 4,8004,350 3,800 3,250 2,900 2,700 2,400 2,400 2,200 1,900 1,400 1,200 Kansas City Chiefs 4,8504,300 3,700 2,930 2,500 2,300 2,100 2,100 1,900 1,500 1,100 1,000 Tampa Bay Buccaneers 5,4004,200 3,675 2,940 2,300 2,200 2,000 2,000 1,800 1,500 1,200 1,100 Carolina Panthers 4,5004,100 3,600 2,910 2,600 2,400 2,300 2,300 2,100 1,600 1,300 1,100 New Orleans Saints 4,4004,080 3,575 2,825 2,500 2,300 2,100 2,000 1,800 1,500 1,100 1,000 Tennessee Titans 4,9004,400 3,500 2,625 2,300 2,200 2,100 2,100 2,000 1,500 1,200 1,100 Jacksonville Jaguars 4,6004,000 3,475 2,800 2,500 2,300 2,100 2,100 2,000 1,500 965 840 Buffalo Bills 4,2003,700 3,400 2,270 2,100 1,900 1,600 1,600 1,500 1,400 935 870 Arizona Cardinals 4,3003,800 3,270 2,650 2,300 2,300 2,200 2,200 2,000 1,500 1,000 961 Detroit Lions 4,1503,600 3,050 2,400 2,100 2,000 1,700 1,700 1,700 1,400 960 900 Cincinnati Bengals 4,1103,500 3,000 2,275 2,000 2,000 1,800 1,800 1,700 1,400 990 924

Notes

Forbes list of the most valuable NFL teams

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