Madison Square Garden Entertainment (MSGE) Operating Margin (2022 - 2026)
Madison Square Garden Entertainment (MSGE) recorded Operating Margin of -4.40% in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 12.31 percentage points from -16.71% a year earlier but down 10.94 percentage points from the prior quarter.
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Analysis
Madison Square Garden Entertainment (MSGE) Operating Margin (2022 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Madison Square Garden Entertainment reported Operating Margin of 13.34%, up 0.39 percentage points from FY2025.
- Annual Operating Margin has a five-year change of +303.38 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 12.95% in FY2025 (+1.28 pp), 11.67% in FY2024 (-0.66 pp), 12.33% in FY2023 (+13.20 pp) and -0.86% in FY2022 (+289.18 pp).
- Quarterly Operating Margin has ranged from -23.50% in fiscal Q1 2024 to 35.62% in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Operating Margin rose in four of the last eight quarters, with an average year-over-year change of +0.72 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 12.31 percentage points in fiscal Q4 2026, against a drop of 15.78 percentage points in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 6.54% (Q3 2026), 35.62% (Q2 2026) and -18.79% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.51 Bn | 9.58 Bn | 1.94 Bn | 6.81% |
| 2 | TKO Group Holdings | 34.58 Bn | 31.54 Bn | 990.96 Mn | 27.78% |
| 3 | Liberty Media | 19.43 Bn | 14.75 Bn | 329.00 Mn | 9.42% |
| 4 | Liberty Live Holdings | 8.93 Bn | 6.98 Bn | 30.26 Mn | -0.64% |
| 5 | Madison Square Garden Entertainment | 3.31 Bn | 2.50 Bn | 75.84 Mn | -4.40% |
| 6 | Amc Entertainment Holdings | 2.37 Bn | 456.31 Mn | 1.05 Bn | 14.91% |
| 7 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 12.55% |
| 8 | Marcus | 882.04 Mn | 813.63 Mn | 106.56 Mn | 11.68% |
| 9 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 11.18% |
| 10 | Nip | 31.30 Mn | -28,742.19 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.40% |
| Mar 31, 2026 | 6.54% |
| Dec 31, 2025 | 35.62% |
| Sep 30, 2025 | -18.79% |
| Jun 30, 2025 | -16.71% |
| Mar 31, 2025 | 11.27% |
| Dec 31, 2024 | 34.12% |
| Sep 30, 2024 | -13.32% |
| Jun 30, 2024 | -4.76% |
| Mar 31, 2024 | 7.36% |
| Dec 31, 2023 | 34.13% |
| Sep 30, 2023 | -23.50% |
| Jun 30, 2023 | -14.73% |
| Mar 31, 2023 | 12.26% |
| Dec 31, 2022 | 31.88% |
| Sep 30, 2022 | -7.72% |
| Jun 30, 2022 | -3.11% |
| Mar 31, 2022 | 8.16% |
API Access
Madison Square Garden Entertainment Operating Margin 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-margin&ticker=MSGE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MSGE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();