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.

• In Q1 2026, Gross Margin rose 780.0% year-over-year to 40.39%; the TTM figure through Mar 2026 stood at 43.93% (up 106.0% YoY), while the FY2025 annual figure was 37.92%, down 278.0% from the prior year.
• Gross Margin was 40.39% for Q1 2026 at Madison Square Garden Entertainment, down from 53.76% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 53.76% in Q4 2025 to a low of 34.45% in Q2 2023.
• Historically, Gross Margin has averaged 31.6% across 5 years, with a median of 33.59% in 2025.
• The sharpest annual moves came in 2024 and 2025: Gross Margin surged 8567 bps in 2024, then plunged 2149 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 49.25% in 2022, then climbed by 1 bps to 49.65% in 2023, then declined by 4 bps to 47.81% in 2024, then increased by 12 bps to 53.76% in 2025, then declined by 25 bps to 40.39% in 2026.
• The last three Gross Margin figures came in at 40.39% (Q1 2026), 53.76% (Q4 2025), and 33.59% (Q3 2025), per Business Quant data.