The Noisy Neighbours revenue exceeded their rivals Manchester United for the first time last year in the Premier League.
The table-toppers revealed in their latest financial report on Wednesday.
Official @premierleague survey shows 97% of City fans agreed the Club has a long-term vision.
— Manchester City (@ManCity) January 12, 2022
Man city reported its highest revenue of£ 569.8 million ($780 million) which is a club record in the title-winning season of 2020-21.
That yield was an increase of 19 per cent from the last year, with an overall profit of £2.4 million.
Red devils who finished 12 points behind the Citizens in the Premier League last season, had revenue of £494.1 million for the financial year which ended on June 30, 2021.
Citizens won the premier league & League Cup and reached the Uefa Champions League final for the first time which resulted in a 1-0 defeat to Chelsea in Porto.
Matchday Revenue dropped from £41.7 million to just £700,000 as a result of matches being played behind closed doors as fans were not allowed in the stadium due to the COVID-19 pandemic.
The season ended on a high note, taking home the Premier League title, Winning a record matching eight League Cups, and reaching the finals of the Champions League for the first time.
From a business perspective, City was pleased to return to profitability, having successfully tackled the revenue challenges which were faced due to the COVID-19 pandemic which did not stop the club to grow, innovate and developing new ideas.
Man City has won the 3 of the last 4 Premier League titles and would be looking ahead to win the Champions League and achieve greater success in the next stage of the journey.