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

Madison Square Garden Entertainment has reported Operating Expenses over the past 4 years, most recently at $69.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 21.56% year-over-year to $69.5 million; the TTM value through Dec 2025 reached $240.4 million, up 10.37%, while the annual FY2025 figure was $216.0 million, 3.82% down from the prior year.
  • Operating Expenses for Q4 2025 was $69.5 million at Madison Square Garden Entertainment, up from $57.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $69.5 million in Q4 2025 and troughed at $38.4 million in Q2 2022.
  • A 4-year average of $53.1 million and a median of $52.6 million in 2022 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: surged 50.51% in 2023 and later decreased 24.3% in 2024.
  • Year by year, Operating Expenses stood at $50.7 million in 2022, then dropped by 2.73% to $49.3 million in 2023, then grew by 16.0% to $57.2 million in 2024, then increased by 21.56% to $69.5 million in 2025.
  • Business Quant data shows Operating Expenses for MSGE at $69.5 million in Q4 2025, $57.8 million in Q3 2025, and $61.0 million in Q2 2025.