Premier League giants Manchester City, Liverpool, Chelsea, Arsenal and Tottenham also in the top 10.
Real Madrid have replaced Manchester United as the wealthiest football club in the world, according to the latest Deloitte Football Money League.
Their bitter La Liga rivals Barcelona claimed second place, with the Red Devils slipping into third after generating £590m during the 2017-18 season – representing a comparatively low 2% year-on-year increase.
Bundesliga champions Bayern Munich ranked fourth for a second year running with £557m, ahead of Premier League champions Manchester City with revenues of £504m – an 11% rise from 2016-17 figures.
Ligue 1 giants Paris Saint-Germain climbed one place into sixth spot on £480m, followed by Liverpool.
The Anfield club recorded the biggest income increase from clubs in the top 10, with profits soaring 25% to £455m after reaching the Champions League final last season.
Chelsea also achieved an impressive 22% growth with £448m.
Arsenal (£389m) dropped three places into ninth spot after missing out on Champions League football for the first time in two decades, but narrowly trumped north London rivals Tottenham (£379m).