Madison Square Garden Entertainment (MSGE) Tax Rate (2022 - 2026)
Madison Square Garden Entertainment's (MSGE) quarterly Tax Rate came in at 37.87% in Q1 2026, down 956.0% year-on-year from 4.42% in Q1 2025, and down 4.39% quarter-over-quarter from 39.61% in Q4 2025.
Madison Square Garden Entertainment (MSGE) Tax Rate (2022 - 2026) Analysis & Trends
Madison Square Garden Entertainment's Tax Rate history runs 5 years deep, the most recent figure standing at 37.87% for Q1 2026.
- On a quarterly basis, Tax Rate fell 956.0% year-over-year to 37.87% in Q1 2026; TTM through Mar 2026 was 38.11%, a 9803.0% increase from a year earlier, with the FY2025 full-year figure at 42.91%, up 21886.0% from the prior year.
- Tax Rate slipped to 37.87% in Q1 2026 per MSGE's latest filing, from 39.61% in the prior quarter.
- Across five years, Tax Rate topped out at 362.68% in Q2 2024 and bottomed at 3.92% in Q2 2023.
- The 5-year median for Tax Rate is 22.86% (2025), against an average of 41.38%.
- Across the five-year window, Tax Rate surged 36660 bps in 2024 and tumbled 32712 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 2.8% in 2022, then sank by 70 bps to 0.83% in 2023, then soared by 4629 bps to 39.46% in 2024, then climbed by 0 bps to 39.61% in 2025, then decreased by 4 bps to 37.87% in 2026.
- Per Business Quant, the three latest MSGE Tax Rate figures stand at 37.87% (Q1 2026), 39.61% (Q4 2025), and 46.43% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 16.40% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | 26.79% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | 6.86% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | 7.79% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 8.62% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 3.32% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 12.05% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 25.85% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 35.98% |
| 10 | Madison Square Garden Entertainment | 3.63 Bn | 3.30 Bn | 99.47 Mn | 37.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.87% |
| Mar 31, 2026 | 37.87% |
| Mar 31, 2026 | 37.87% |
| Dec 31, 2025 | 39.61% |
| Dec 31, 2025 | 39.61% |
| Dec 31, 2025 | 39.61% |
| Sep 30, 2025 | 46.43% |
| Sep 30, 2025 | 46.43% |
| Sep 30, 2025 | 46.43% |
| Jun 30, 2025 | 35.56% |
| Jun 30, 2025 | 35.56% |
| Jun 30, 2025 | 35.56% |
| Mar 31, 2025 | 47.44% |
| Mar 31, 2025 | 47.44% |
| Mar 31, 2025 | 47.44% |
| Dec 31, 2024 | 39.46% |
| Dec 31, 2024 | 39.46% |
| Dec 31, 2024 | 39.46% |
| Sep 30, 2024 | 41.31% |
| Sep 30, 2024 | 41.31% |