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

Madison Square Garden Entertainment has reported Operating Margin for 5 years, with the latest figure at 4.4% in Q2 2026.

• On a quarterly basis, Operating Margin rose 1231.0% year-over-year to 4.4% in Q2 2026; TTM through Jun 2026 was 13.34%, a 39.0% increase from a year earlier, with the FY2026 full-year figure at 13.34%, up 39.0% from the prior year.
• Operating Margin was 4.4% for Q2 2026 at Madison Square Garden Entertainment, down from 6.54% in the prior quarter.
• The five-year high for Operating Margin was 35.62% in Q4 2025, with the low at 23.5% in Q3 2023.
• Average Operating Margin over 5 years is 4.13%, with a median of 1.72% recorded in 2022.
• The sharpest annual moves came in 2023 and 2026: Operating Margin sank 1578 bps in 2023, then jumped 1231 bps in 2026.
• Over 5 years, Operating Margin stood at 31.88% in 2022, then increased by 7 bps to 34.13% in 2023, then retreated by 0 bps to 34.12% in 2024, then grew by 4 bps to 35.62% in 2025, then plunged by 112 bps to 4.4% in 2026.
• The last three Operating Margin figures came in at 4.4% (Q2 2026), 6.54% (Q1 2026), and 35.62% (Q4 2025), per Business Quant data.