Growth Metrics

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

Madison Square Garden Entertainment has reported Operating Margin over the past 4 years, most recently at 38.56% for Q4 2025.

  • Quarterly results put Operating Margin at 38.56% for Q4 2025, up 175.0% from a year ago — trailing twelve months through Dec 2025 was 13.38% (down 50.0% YoY), and the annual figure for FY2025 was 12.95%, up 128.0%.
  • Operating Margin for Q4 2025 was 38.56% at Madison Square Garden Entertainment, up from 18.79% in the prior quarter.
  • Over the last five years, Operating Margin for MSGE hit a ceiling of 38.56% in Q4 2025 and a floor of 23.91% in Q3 2023.
  • Median Operating Margin over the past 4 years was 1.3% (2024), compared with a mean of 5.28%.
  • Biggest five-year swings in Operating Margin: plummeted -1619bps in 2023 and later surged 1013bps in 2024.
  • Madison Square Garden Entertainment's Operating Margin stood at 31.88% in 2022, then rose by 14bps to 36.45% in 2023, then rose by 1bps to 36.81% in 2024, then grew by 5bps to 38.56% in 2025.
  • The last three reported values for Operating Margin were 38.56% (Q4 2025), 18.79% (Q3 2025), and 11.44% (Q2 2025) per Business Quant data.