Los Blancos, who defeated city rivals Atletico Madrid 4-1 after extra time to claim their 10th European title in Lisbon in May, received €57.4 million for their triumphant run.
Despite going out at the quarter-final stage to Chelsea, Paris Saint-Germain were awarded the next highest total, receiving €54.4m. Losing finalists Atletico were given just over €50m.
Manchester United - who will not participate in next season's Champions League - received €44.8m, a higher figure than 2013 winners Bayern Munich (€44.6m), Barcelona (€41.9m) or last season's semi-finalists Chelsea (€43.4m).
Manchester City received €35.4m for their run to the round of 16, while Arsenal were awarded €27.2m.
A total of €904.6m was distributed among the 32 Champions League clubs, with the size of each club's share determined by performance level and the 'market pool' - the value of the TV market of the association represented.
Europa League winners Sevilla received €14.6m, just over €3m more than Czech side Viktoria Plzen earned for finishing bottom of their Champions League group.
|CHAMPIONS LEAGUE REVENUE 2013-14
|AC Milan||Round of 16||37.6|