Growth Metrics

Madison Square Garden Entertainment (MSGE) Gross Margin (2022 - 2025)

Madison Square Garden Entertainment has reported Gross Margin over the past 4 years, most recently at 49.94% for Q4 2025.

  • Quarterly results put Gross Margin at 49.94% for Q4 2025, up 213.0% from a year ago — trailing twelve months through Dec 2025 was 45.19% (up 557.0% YoY), and the annual figure for FY2025 was 43.18%, up 248.0%.
  • Gross Margin for Q4 2025 was 49.94% at Madison Square Garden Entertainment, up from 35.32% in the prior quarter.
  • Over the last five years, Gross Margin for MSGE hit a ceiling of 54.68% in Q2 2025 and a floor of 17.0% in Q2 2022.
  • Median Gross Margin over the past 4 years was 36.56% (2024), compared with a mean of 35.79%.
  • Biggest five-year swings in Gross Margin: soared 4769bps in 2023 and later plummeted -520bps in 2025.
  • Madison Square Garden Entertainment's Gross Margin stood at 49.25% in 2022, then decreased by -6bps to 46.22% in 2023, then grew by 3bps to 47.81% in 2024, then increased by 4bps to 49.94% in 2025.
  • The last three reported values for Gross Margin were 49.94% (Q4 2025), 35.32% (Q3 2025), and 54.68% (Q2 2025) per Business Quant data.