Ranked: Which NHL Team Takes Home the Most Revenue?

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June 20, 2024

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Which NHL Team Takes Home the Most Revenues?

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This graphic shows every NHL team’s revenue from the 2022/23 season using data from Forbes, compiled by JP Morgan Asset Management.

Ranked: The Highest-Earning NHL Teams

As the final round of the Stanley Cup Playoffs wears on, two teams on different ends of the revenue spectrum face off.

Despite representing a much smaller city than the other teams at the top of the ranking, the Edmonton Oilers have the second highest revenue in the league at $281 million. The Oilers have seen the fastest revenue growth over the past five years (13%) as the team has improved.

Team2022-23 Season RevenueValuation Toronto Maple Leafs$281M$2.8B Edmonton Oilers$281M$1.9B Los Angeles Kings$279M$2.0B New York Rangers$265M$2.7B Montreal Canadiens$265M$2.3B New Jersey Devils$240M$1.5B Boston Bruins$239M$1.9B Vegas Golden Knights$233M$1.1B Chicago Blackhawks$228M$1.9B Philadelphia Flyers$219M$1.7B Washington Capitals$218M$1.6B Dallas Stars$210M$1.1B Pittsburgh Penguins$207M$1.2B Detroit Red Wings$199M$1.2B Vancouver Canucks$198M$1.3B Seattle Kraken$197M$1.2B Tampa Bay Lightning$196M$1.3B Minnesota Wild$185M$1.1B St Louis Blues$184M$1.0B New York Islanders$183M$1.6B Calgary Flames$183M$1.1B Colorado Avalanche$182M$1.2B Nashville Predators$180M$1.0B Carolina Hurricanes$177M$0.8B Anaheim Ducks$164M$0.9B Winnipeg Jets$162M$0.8B Florida Panthers$161M$0.8B Buffalo Sabres$159M$0.8B San Jose Sharks$158M$0.9B Columbus Blue Jackets$151M$0.8B Ottawa Senators$128M$1.0B Arizona Coyotes$120M$0.5B

In the 2022/23 season, the Florida Panthers pulled off a major upset in the first round of the playoffs and fought their way to the finals before losing to the Vegas Golden Knights.

Despite the success last season, the Panthers still find themselves in the bottom six in this ranking, with $161 million in revenue. The team also has the second lowest operating income in the league, after Ottawa. Florida is an emerging hockey market though, with revenue increasing 9% over the past five years.

Other Hockey Revenue