Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026)

Madison Square Garden Entertainment's Operating Expenses history runs 5 years deep, the most recent figure standing at $69.6 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 33.3% year-over-year to $69.6 million; the TTM figure through Mar 2026 stood at $257.8 million (up 20.63% YoY), while the FY2025 annual figure was $216.0 million, down 3.82% from the prior year.
• Operating Expenses was $69.6 million for Q1 2026 at Madison Square Garden Entertainment, roughly flat from $69.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $69.6 million in Q1 2026 to a low of $38.4 million in Q2 2022.
• Historically, Operating Expenses has averaged $54.0 million across 5 years, with a median of $53.1 million in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 50.51% in 2023, then decreased 24.3% in 2024.
• A 5-year view of Operating Expenses shows it stood at $50.7 million in 2022, then decreased by 2.73% to $49.3 million in 2023, then increased by 16.0% to $57.2 million in 2024, then climbed by 21.56% to $69.5 million in 2025, then grew by 0.13% to $69.6 million in 2026.
• The last three Operating Expenses figures came in at $69.6 million (Q1 2026), $69.5 million (Q4 2025), and $57.8 million (Q3 2025), per Business Quant data.