Madison Square Garden Entertainment (MSGE) Gross Margin (2022 - 2026)

Madison Square Garden Entertainment's Gross Margin history runs 5 years deep, the most recent figure standing at 40.39% for Q1 2026.

• On a quarterly basis, Gross Margin fell 233.0% year-over-year to 40.39% in Q1 2026; TTM through Mar 2026 was 42.67%, a 235.0% increase from a year earlier, with the FY2025 full-year figure at 43.18%, up 739.0% from the prior year.
• Gross Margin declined to 40.39% in Q1 2026 per MSGE's latest filing, from 49.94% in the prior quarter.
• Across five years, Gross Margin topped out at 49.94% in Q4 2025 and bottomed at 34.45% in Q2 2023.
• The 5-year median for Gross Margin is 35.32% (2025), against an average of 30.71%.
• Across the five-year window, Gross Margin sank 1746 bps in 2023 and surged 6554 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 49.25% in 2022, then retreated by 6 bps to 46.22% in 2023, then rose by 3 bps to 47.81% in 2024, then gained by 4 bps to 49.94% in 2025, then retreated by 19 bps to 40.39% in 2026.
• Per Business Quant, the three latest MSGE Gross Margin figures stand at 40.39% (Q1 2026), 49.94% (Q4 2025), and 35.32% (Q3 2025).