La Liga champions Barcelona presented their annual accounts on Tuesday, showing earnings of 1.05 billion US dollars for the 2017-18 fiscal year, breaking its own income record for the fifth successive year and posting a profit for the eighth consecutive year.

Barca said the rise in revenue was driven by increased income from television rights from the Champions League and the August 2017 sale of Brazilian forward Neymar to Paris St Germain for a record 222 million euros (256 million US dollars) transfer fee.

The club also announced a record budget of 1.105 billion US dollars for this season, which needs to be approved at a general assembly on October 20.

The club added that its debt amounted to 181.3 million US dollars as of June 30.

"The extraordinary income from payment of Neymar Jr's buyout clause has been compensated in next year's budget through improved commercial and sponsorship revenue, media rights, exploitation of the stadium and transfer of players," the club said in a statement.

"This is the first time that revenue has surpassed 1 billion US dollars, a huge step up from 2016-17."

Last month, Real Madrid said its operating revenue for 2017-18 reached 750.9 million euros (866 million US dollars). The figure, which doesn't include gains from the transfers of players, represents an increase of more than 76 million euros (87 million US dollars), the largest rise for the club in a financial year since 2000.