Forbes compiles thefinances of all 30MLB teams to produce an annual ranking of the best franchises in terms ofvaluation. The valuations are composed of the monetary worth of thesport,market,stadium deals, andbrand.^[1] These areas are supported by applying financial metrics such asdebt andoperating income to each one.^[2]

The latest ranking reported that theNew York Yankees is the most valuable MLB franchise.^[3] The fastest growing MLB franchise is the New York Yankees as well, with a 50% increase in valuation since the2017 MLB season ($4 to $6 billion).^[1] The Yankees have held the crown for the most valuable MLB franchise since the inaugural ranking, which was released after the1998 MLB season.^[4]

Several media outlets have referenced in related news or conductsanalytic journalism when the ranking comes out, such asUSA Today andYahoo!.^[5][6] MLB has recognized the renditions of the ranking in financial documents, although not publicly.^[7][8] The report has also applied more context to MLB trends, such as the root of the2021–22 MLB lockout being that owners were getting more money while players/employees were getting less despite growing valuations.^[9] This was further illustrated by the next edition of the ranking after the lockout, where nearly every MLB franchise has been growing, although MLB is decidedly the slowest among the"Big Four" leagues along withMLS.^[10][11][12]

This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(October 2025)

Rankings as of March 23, 2023 (2022 MLB season)^[2]

Rank	Swing[a]	Team	State/ Province	Value[b]	Change[c]	Debt[d]	Revenue[e]	Operating income[f]
#1		New York Yankees	New York	$7.1 billion	54.3%	0%	$657 million	$16 million
#2		Los Angeles Dodgers	California	$4.8 billion	45.5%	9%	$581 million	$14 million
#3		Boston Red Sox	Massachusetts	$4.5 billion	40.6%	0%	$513 million	$72 million
#4		Chicago Cubs	Illinois	$4.1 billion	32.3%	10%	$451 million	$57 million
#5		San Francisco Giants	California	$3.7 billion	23.3%	4%	$421 million	$75 million
#6		New York Mets	New York	$2.9 billion	26.1%	16%	$374 million	–$138 million
#7	2	Los Angeles Angels	California	$2.7 billion	42.1%	0%	$371 million	$36 million
#8	4	Atlanta Braves	Georgia	$2.6 billion	52.9%	18%	$425 million	$51 million
#9	1	Philadelphia Phillies	Pennsylvania	$2.575 billion	35.5%	5%	$398 million	–$3.7 million
#10	3	St. Louis Cardinals	Missouri	$2.55 billion	21.4%	8%	$358 million	$43 million
#11		Houston Astros	Texas	$2.25 billion	25%	13%	$407 million	$44 million
#12	1	Texas Rangers	Texas	$2.225 billion	30.9%	31%	$366 million	$58 million
#13	2	Seattle Mariners	Washington	$2.2 billion	37.5%	9%	$363 million	$86 million
#14	2	Toronto Blue Jays	Ontario	$2.1 billion	40%	0%	$294 million	–$34 million
#15	1	Chicago White Sox	Illinois	$2.05 billion	28.1%	7%	$276 million	–$53 million
#16	6	Washington Nationals	District of Columbia	$2 billion	11.1%	25%	$356 million	$45 million
#17		San Diego Padres	California	$1.75 billion	25%	17%	$324 million	–$53 million
#18	2	Baltimore Orioles	Maryland	$1.713 billion	31.8%	13%	$264 million	$57 million
#19	6	Milwaukee Brewers	Wisconsin	$1.605 billion	33.75%	9%	$294 million	$23 million
#20	3	Colorado Rockies	Colorado	$1.475 billion	22.9%	8%	$286 million	–$9.1 million
#21	3	Detroit Tigers	Michigan	$1.45 billion	11.5%	12%	$260 million	–$26 million
#22		Minnesota Twins	Minnesota	$1.39 billion	15.8%	20%	$267 million	–$27 million
#23	4	Arizona Diamondbacks	Arizona	$1.38 billion	6.2%	9%	$276 million	$30 million
#24	3	Pittsburgh Pirates	Pennsylvania	$1.32 billion	1.5%	11%	$262 million	$55 million
#25	1	Cleveland Guardians	Ohio	$1.3 billion	8.3%	8%	$268 million	$40 million
#26	3	Tampa Bay Rays	Florida	$1.25 billion	25%	10%	$248 million	$9.5 million
#27	1	Kansas City Royals	Missouri	$1.2 billion	20%	23%	$260 million	$33 million
#28	2	Cincinnati Reds	Ohio	$1.19 billion	8.2%	13%	$250 million	–$9.6 million
#29	2	Oakland Athletics	California	$1.18 billion	7.3%	13%	$212 million	$29 million
#30		Miami Marlins	Florida	$1 billion	0%	40%	$238 million	–$0.5 million

• Forbes list of the most valuable sports teams
• List of professional sports leagues by revenue

• Sports world rankings
• Top sports lists
• Forbes lists
• 21st century-related lists
• Major League Baseball lists by team

• Articles with short description
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• Use mdy dates from May 2022
• Wikipedia articles in need of updating from October 2025
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