Like most other German football clubs, Hertha BSC was organized as a registered association for a long time. With Leo Kirch's entry into sports broadcasting in the early 1990s, there was increasing marketing potential in German football. The Bertelsmann subsidiary UFA (now Sportfive) joined Hertha in 1994 as a sponsor and partner, initially with DM 4.5 million.

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On November 19, 2000, the spin-off of the licensed player department into a GmbH & Co KGaA was decided at the general meeting. Hertha BSC GmbH & Co KGaA was founded on May 23, 2002 and has since been entered under the register number HRB 84666 at the District Court of Charlottenburg.

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The KGaA shares were initially held entirely by the association. The general partner is Hertha BSC Verwaltungs GmbH, which takes over the management and is always 100 percent owned by the e. V. is held. Thus the e. V. has control over the appointment of the managing directors and thus over the operational business, regardless of the distribution of capital in the KGaA.

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On January 31, 2014, the investor Kohlberg Kravis Roberts & Co. (KKR) invested 61.2 million euros in Hertha BSC GmbH & Co. KGaA. The partnership was designed to last around seven years. KKR received a 9.7 percent interest, which could be increased to 33 percent.

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The agreement was divided into three parts: shares, equity and loans. KKR paid about 18 million euros and received 9.7 percent of the shares, Hertha received about 7 million euros as a kind of bonus and KKR paid about 36 million euros as an equity replacement loan, which had to be repaid with interest at the end of the partnership .

In November 2018, the e. V. returned the shares from KKR.

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In June 2019, the club announced that it would sell 37.5 percent of the shares in Hertha BSC GmbH & Co. KGaA to the German investor Lars Windhorst for 125 million euros. In November 2019, the shares were increased to 49.9 percent for a further 99 million euros.

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In July 2020, the investment increased again by 150 million euros. Initially, a payment of EUR 50 million was made in July 2020. A further EUR 100 million will be paid in October 2020. After the implementation of this agreement, Tennor BV held 66.6 percent of the shares in Hertha BSC GmbH & Co. KGaA.

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The total investment thus amounted to 374 million euros. The 50+1 rule was not violated as the association continued to hold the majority of votes in the KGaA and was the sole managing director.

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After disputes with the club management, Windhorst sold his shares to the investor 777 Sports.

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Financial key figures of Hertha BSC Berlin in the financial years 2004/05 to 2021/22 in million euros:

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• 2021/22: revenue 146.50, annual result -79.50, liabilities 80.80

• 2020/21: revenue 114.50, annual result -83.80, liabilities 99.60

• 2019/20: revenue 112.96, annual result -59.00, liabilities 141.76

• 2018/19: revenue 139.76, annual result 0.69, liabilities 82.13

• 2017/18: revenue 130.39, annual result 4.06, liabilities 47.63

• 2016/17: revenue 104.95, annual result -7.64, liabilities 37.54

• 2015/16: revenue 81.83, annual result -7.82, liabilities 21.22

• 2014/15: revenue 76.07, annual result -7.56, liabilities 15.86

• 2013/14: revenue 104.30, annual result 13.40, liabilities 24.38

• 2012/13: revenue 57.70, annual result -7.80, liabilities 36.79

• 2011/12: revenue 65.65, annual result -20.26, liabilities 42.02

• 2010/11: revenue 45.60, annual result -6.67, liabilities 34.73

• 2009/10: revenue 78.94, annual result -6.00, liabilities 37.35

• 2008/09: revenue 85.08, annual result -1.90, liabilities 33.00

• 2007/08: revenue 76.58, annual result -10.73, liabilities 28.96

• 2006/07: revenue 64.36, annual result -0.22, liabilities 46.78

• 2005/06: revenue 54.24, annual result -16.99, liabilities 54.05

• 2004/05:revenue 50.83, annual result 11.18, liabilities 44.12

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Hertha BSC Berlin's KGaA posted record losses of 59 million euros and 83.80 million euros in the 2019/20 and 2020/21 financial years due to the COVID-19 pandemic. Ingo Schiller, Managing Director for Finance, Organization and Infrastructure at Hertha BSC Berlin, explains that there has been a total loss of around 100 million euros since the outbreak of the pandemic. The losses were due to the full year of Corona, in which the club had no planning security and had to feel the effects, especially among the fans in the stadium. Despite the losses, Schiller considers the club to be economically stable as the Tennor BV millions increased equity by around €70m to €107.50m while reducing liabilities from €141.76m to €99.6m could become. In the following season, a high loss of - 79.50 million euros was again recorded, but liabilities could still be reduced to 80.80 million euros.