Forbes list of the most valuable NBA teams
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Forbes compiles the finances of all 30 NBA teams to produce an annual ranking of the best franchises in terms of valuation. The latest ranking reported that the Golden State Warriors are the most valuable NBA franchise for the 2025–26 NBA season, the fourth year in a row, with a valuation of $11 billion. All 30 franchises are worth an average of $5.4 billion.[1] The Warriors are one of three NBA teams to hold the title of most valuable franchise since the inception of Forbes' ranking during the 1991–92 NBA season, with the other two being the Los Angeles Lakers and the New York Knicks.
Ranking
Rankings as of January 8, 2026 (2025–26 NBA season)[1]
| Rank | Team | State / Province | Value | Change | Revenue | Operating Income |
|---|---|---|---|---|---|---|
| 1 | Golden State Warriors |  California | $11 billion |  25% |
$880 million | $409 million |
| 2 | Los Angeles Lakers | California | $10 billion | 41% |
$551 million | $170 million |
| 3 | New York Knicks |  New York | $9.75 billion | 30% |
$532 million | $98 million |
| 4 | Los Angeles Clippers | California | $7.5 billion | 36% |
$569 million | $154 million |
| 5 | Boston Celtics |  Massachusetts | $6.7 billion | 12% |
$458 million | $116 million |
| 6 | Chicago Bulls |  Illinois | $6.0 billion | 20% |
$434 million | $160 million |
| 7 | Houston Rockets |  Texas | $5.9 billion | 20% |
$467 million | $191 million |
| 8 | Miami Heat |  Florida | $5.7 billion | 34% |
$417 million | $110 million |
| 9 | Brooklyn Nets | New York | $5.6 billion | 17% |
$402 million | $50 million |
| 10 | Philadelphia 76ers |  Pennsylvania | $5.45 billion | 18% |
$472 million | $204 million |
| 11 | Phoenix Suns |  Arizona | $5.425 billion | 26% |
$455 million | $33 million |
| 12 | Toronto Raptors |  Ontario | $5.4 billion | 23% |
$380 million | $136 million |
| 13 | Dallas Mavericks | Texas | $5.1 billion | 9% |
$407 million | $87 million |
| 14 | Atlanta Hawks |  Georgia | $5.0 billion | 32% |
$477 million | $203 million |
| 15 | Cleveland Cavaliers |  Ohio | $4.8 billion | 22% |
$440 million | $127 million |
| 16 | Washington Wizards |  District of Columbia | $4.7 billion | 15% |
$389 million | $135 million |
| 17 | Denver Nuggets |  Colorado | $4.6 billion | 18% |
$364 million | $67 million |
| 18 | Sacramento Kings | California | $4.45 billion | 20% |
$354 million | $76 million |
| 19 | San Antonio Spurs | Texas | $4.4 billion | 14% |
$401 million | $151 million |
| 20 | Oklahoma City Thunder |  Oklahoma | $4.35 billion | 19% |
$357 million | $114 million |
| 21 | Milwaukee Bucks |  Wisconsin | $4.3 billion | 8% |
$355 million | $26 million |
| 22 | Portland Trail Blazers |  Oregon | $4.25 billion | 21% |
$361 million | $111 million |
| 23 | Indiana Pacers |  Indiana | $4.2 billion | 17% |
$342 million | $89 million |
| 24 | Utah Jazz |  Utah | $4.1 billion | 15% |
$340 million | $103 million |
| 25 | Orlando Magic | Florida | $3.9 billion | 22% |
$318 million | $94 million |
| 26 | Charlotte Hornets |  North Carolina | $3.8 billion | 15% |
$328 million | $82 million |
| 27 | Detroit Pistons |  Michigan |
$3.65 billion | 7% |
$321 million | $106 million |
| 28 | Minnesota Timberwolves |  Minnesota | $3.6 billion | 16% |
$320 million | $41 million |
| 29 | New Orleans Pelicans |  Louisiana | $3.55 billion | 16% |
$302 million | $78 million |
| 30 | Memphis Grizzlies |  Tennessee | $3.5 billion | 17% |
$306 million | $28 million |