Madison Square Garden Entertainment (MSGE) Gross Margin (2022 - 2026)
Madison Square Garden Entertainment (MSGE) posted quarterly Gross Margin of 40.39% for Q1 2026, down 233.0% year-over-year from 30.37% in Q1 2025, and down 19.12% quarter-over-quarter from 49.94% in Q4 2025.
Madison Square Garden Entertainment (MSGE) Gross Margin (2022 - 2026) Analysis & Trends
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 fell 233.0% year-over-year to 40.39%; the TTM figure through Mar 2026 stood at 42.67% (up 235.0% YoY), while the FY2025 annual figure was 43.18%, up 739.0% from the prior year.
- Gross Margin for Q1 2026 stood at 40.39%, down from 49.94% in the prior quarter.
- The five-year high for Gross Margin was 49.94% in Q4 2025, with the low at 34.45% in Q2 2023.
- The 5-year median for Gross Margin is 35.32% (2025), against an average of 30.71%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 1746 bps in 2023, then surged 6554 bps in 2024.
- Madison Square Garden Entertainment's Gross Margin stood at 49.25% in 2022, then fell by 6 bps to 46.22% in 2023, then increased by 3 bps to 47.81% in 2024, then rose by 4 bps to 49.94% in 2025, then fell by 19 bps to 40.39% in 2026.
- Business Quant data shows MSGE's Gross Margin at 40.39% in Q1 2026, 49.94% in Q4 2025, and 35.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 51.93% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 45.84% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 46.99% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 25.34% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 35.22% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 49.73% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 64.05% |
| 10 | Madison Square Garden Entertainment | 3.89 Bn | 3.59 Bn | 75.84 Mn | 38.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.63% |
| Mar 31, 2026 | 40.39% |
| Dec 31, 2025 | 49.94% |
| Sep 30, 2025 | 35.32% |
| Jun 30, 2025 | 33.83% |
| Mar 31, 2025 | 42.73% |
| Dec 31, 2024 | 47.81% |
| Sep 30, 2024 | 27.11% |
| Jun 30, 2024 | 31.09% |
| Mar 31, 2024 | 25.88% |
| Dec 31, 2023 | 46.22% |
| Sep 30, 2023 | 27.25% |
| Jun 30, 2023 | -34.45% |
| Mar 31, 2023 | 42.79% |
| Dec 31, 2022 | 49.25% |
| Sep 30, 2022 | 30.58% |
| Jun 30, 2022 | -17.00% |
| Mar 31, 2022 | 43.32% |