Southampton have announced a post-tax profit of £33.4million for the year ending June 30, 2014.
It is the first time the club, who finished eighth in the Premier League last season, have posted a profit since entering administration in 2009, when they were relegated to League One.
Total revenue increased to £106m (up from £71.8m the previous year), with the rise accounted for by the more lucrative television rights deal.
However, the St Mary's Stadium outfit expanded the wage bill from £41.4m to £55.2m and showed debts of approximately £50m.