According to Forbes, the Yankees are the second-highest valued sports franchise in the world, after the NFL's Dallas Cowboys, with an estimated value in 2023 of approximately $7.1 billion. The team has garnered enormous popularity and a dedicated fanbase, as well as widespread enmity from fans of other MLB teams. The team's rivalry with the Boston Red Sox is one of the most well-known rivalries in North American sports. The team's logo is internationally known as a fashion item and an icon of New York City and the United States.

From 1903 through the 2024 season, the Yankees' overall win–loss record is 10,778–8,148–88 (a .569 winning percentage)