The club's 2018-19 annual report brought Manchester City a record £ 535.2 million last season.
City was the 11th consecutive year of revenue growth and closed the gap at local rivals Manchester United, the richest club in the Premier League.
If the City is already trained for the knockout stages of the Champions League, the figure is expected to rise again next year.
Payments from the £ 45 million annual Puma kit agreement will also come into force.
United said their turnover would be between 560 million pounds and 580 million pounds this year due to their failure to enter the Champions League.
This includes a campaign in which City's men's and women's teams won six trophies, including the clean domestic British honor cleaning by Pep Guardiola's side.
"This result represents not only a season, but ten years of hard work," said Blues president Khaldoon al-Mubarak. “The organization is now at a maturity level that allows us to plan for many years.”
City recorded a profit of £ 10.1 million and a fee / turnover rate of 59%.