Baseball’s Most Valuable Teams 2026

very year since EForbes first began publishing its ranking of Major League Baseball team valuations in 1998, the New York Yankees have claimed the top spot. But while the Bronx Bombers once again lead the league—at an estimated $8. 5 billion—they face serious competition as the sport’s most valuable club for the first time in decades.

Forbes now values the Los Angeles Dodgers, the reigning World Series champions, at $7. 8 billion, halving last year’s $1. 4 billion gap between the historic rivals.

Of course, $700 million is not exactly a Texas League blooper, but the difference stood at $2. 1 billion just two years ago . Most around the sport still believe that, relative to their actual business performance, the Yankees would command a premium if they ever hit the open market, giving them a valuation that in some ways makes them look more like an NBA or top-tier NFL franchise.

But the Dodgers, who have been No. 2 in Forbes’ ranking since 2012, have taken a significant lead in terms of annual revenue, posting an estimated $850 million last year, versus $710 million for the Yankees. No other MLB club surpassed even $600 million last season, and across all of the team valuation lists Forbes published in 2025, only five clubs exceeded Los Angeles’ revenue figure: three European soccer powerhouses , the NFL’s Dallas Cowboys and the NBA’s Golden State Warriors.