Vatican reports €62.2 million profit in 2024 amid push for transparency
The Vatican announced on Monday a profit of €62.2 million ($72.2 million) from its financial assets and real estate holdings in 2024 — marking a more than 35 percent increase compared to the previous year, and offering some relief to its ongoing budget deficit.
The financial gains come as part of a broader effort to increase transparency, an initiative launched under Pope Francis. Since 2021, the Vatican has released annual reports detailing the activities and holdings of the Administration of the Patrimony of the Apostolic See (APSA), which oversees its real estate and investments.
According to the balance sheet published Monday, APSA saw a €16 million increase in profits this year.
This improved performance enables the Vatican to contribute €46.1 million to support the Holy See and the Roman Curia — its central governing body — an €8 million increase from 2023.
APSA President Archbishop Giordano Piccinotti hailed the report as one of the best financial outcomes in recent years.
The Vatican disclosed that APSA currently manages 4,234 properties in Italy, along with approximately 1,200 properties abroad, including in cities such as Paris, London, and Geneva.
Founded in 1967, APSA only began publishing detailed financial reports three years ago, a move driven by Pope Francis to improve accountability in the wake of a series of financial scandals.
His successor, Pope Leo XIV, now faces the challenge of restoring long-term financial stability in the face of a persistent budget shortfall, partly due to declining donations.
Still, there are signs of improvement: last month, the Vatican reported an increase in donations to the pope’s charitable fund, rising from €52 million in 2023 to €58 million in 2024.
