Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026)
Madison Square Garden Entertainment (MSGE) recorded Operating Expenses of $70.26 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 15.2% from $60.97 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Madison Square Garden Entertainment (MSGE) Operating Expenses (2022 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Madison Square Garden Entertainment reported Operating Expenses of $267.1 million, up 23.6% from FY2025.
- Annual Operating Expenses has a five-year compound annual growth rate of 12.0% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Expenses came in at $216.03 million in FY2025 (-3.8%), $224.61 million in FY2024 (+17.9%), $190.46 million in FY2023 (+10.5%) and $172.3 million in FY2022 (+13.9%).
- The fiscal Q4 2026 figure is the highest quarterly Operating Expenses in data going back to fiscal Q3 2022.
- On a year-over-year basis, Operating Expenses has increased for five consecutive quarters, with growth averaging 10.6% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 50.5% in fiscal Q1 2024, against a decline of 24.3% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $69.58 million (Q3 2026), $69.49 million (Q2 2026) and $57.78 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.51 Bn | 9.58 Bn | 1.94 Bn | 1.26 Bn |
| 2 | TKO Group Holdings | 34.58 Bn | 31.54 Bn | 990.96 Mn | 1.12 Bn |
| 3 | Liberty Media | 19.43 Bn | 14.75 Bn | 329.00 Mn | 846.00 Mn |
| 4 | Liberty Live Holdings | 8.93 Bn | 6.98 Bn | 30.26 Mn | 148.00 Mn |
| 5 | Madison Square Garden Entertainment | 3.31 Bn | 2.50 Bn | 75.84 Mn | 70.26 Mn |
| 6 | Amc Entertainment Holdings | 2.37 Bn | 456.31 Mn | 1.05 Bn | 1.36 Bn |
| 7 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 71.90 Mn |
| 8 | Marcus | 882.04 Mn | 813.63 Mn | 106.56 Mn | 204.68 Mn |
| 9 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 59.42 Mn |
| 10 | Nip | 31.30 Mn | -28,742.19 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.26 Mn |
| Mar 31, 2026 | 69.58 Mn |
| Dec 31, 2025 | 69.49 Mn |
| Sep 30, 2025 | 57.78 Mn |
| Jun 30, 2025 | 60.97 Mn |
| Mar 31, 2025 | 52.20 Mn |
| Dec 31, 2024 | 57.16 Mn |
| Sep 30, 2024 | 45.71 Mn |
| Jun 30, 2024 | 58.65 Mn |
| Mar 31, 2024 | 56.31 Mn |
| Dec 31, 2023 | 49.28 Mn |
| Sep 30, 2023 | 60.38 Mn |
| Jun 30, 2023 | 53.10 Mn |
| Mar 31, 2023 | 46.58 Mn |
| Dec 31, 2022 | 50.66 Mn |
| Sep 30, 2022 | 40.11 Mn |
| Jun 30, 2022 | 38.41 Mn |
| Mar 31, 2022 | 52.20 Mn |
API Access
Madison Square Garden Entertainment Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MSGE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MSGE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MSGE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();