Tottenham Hotspur recorded a world record profit of £112.9million last season, surpassing the record previously established by Liverpool.
The north London club, who hosted the first Premier League fixture at their £1bn new stadium on Wednesday night, also achieved record revenues of £380.7m.
Liverpool, boosted by their run to the final of the Champions League, announced a record breaking net profit of £106m for the same season.
Tottenham's total pre-tax profit was recorded in the accounts as £138.9m, with £25.9m worth of tax paid.
Spurs chairman Daniel Levy appears to have kept his position as the highest-paid club executive in the Premier League, but his £3m pay packet in 2017-18 was half the £6m he earned the previous year after a stadium-related bonus.
Revenue for the 2017-18 season totalled £380.7m, an increase from the £309.7m recorded in Spurs' previous set of financial figures for 2016-17.
Gate receipts from Premier League matches, played at Wembley Stadium while their home at White Hart Lane was being rebuilt, totalled £42.6m with an average of 68,500 tickets sold for each match.
In addition, the club's run to the last-16 of the Champions League, where they were beaten by Juventus, resulted in additional gate receipts and prize money of £62.2m.
Spurs received less in television revenues - £147.6m down from £149.8m - having dropped a place from second to third in the final Premier League table.
But playing at Wembley did mean a boost in sponsorship and corporate hospitality revenue from £60.7m to £93.5m. Merchandising income also increased.
The accounts also showed that the bank loan taken out by Spurs for their new stadium went up from an initial £400m to £537m payable by 2022.