Madison Square Garden Sports (MSGS) Gross Margin (2014 - 2026)
Madison Square Garden Sports (MSGS) posted Gross Margin of 42.77% for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 18.68 percentage points from 24.09% a year earlier and up 24.79 percentage points from the prior quarter.
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Analysis
Madison Square Garden Sports (MSGS) Gross Margin (2014 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Madison Square Garden Sports' Gross Margin came in at 27.74%, up 0.41 percentage points from FY2025.
- Annual Gross Margin shows a five-year change of -4.45 percentage points (FY2021 to FY2026).
- In prior fiscal years, Madison Square Garden Sports' Gross Margin was 27.34% in FY2025 (-12.64 pp), 39.98% in FY2024 (+1.82 pp), 38.16% in FY2023 (-0.90 pp) and 39.06% in FY2022 (+6.86 pp).
- Quarterly Gross Margin has run from a low of 17.98% in fiscal Q3 2026 to a high of 91.82% in fiscal Q1 2024 over five years.
- On a year-over-year basis, Gross Margin increased in 1 of the last eight quarters, with an average year-over-year change of -5.91 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q1 2023, with a gain of 30.36 percentage points; the weakest was fiscal Q4 2025, with a drop of 28.50 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 17.98% (Q3 2026), 22.81% (Q2 2026) and 79.02% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 44.47% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 50.08% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Red Rock Resorts | 5.30 Bn | 4.88 Bn | 315.50 Mn | 61.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.77% |
| Mar 31, 2026 | 17.98% |
| Dec 31, 2025 | 22.81% |
| Sep 30, 2025 | 79.02% |
| Jun 30, 2025 | 24.09% |
| Mar 31, 2025 | 25.43% |
| Dec 31, 2024 | 22.92% |
| Sep 30, 2024 | 84.60% |
| Jun 30, 2024 | 52.59% |
| Mar 31, 2024 | 36.50% |
| Dec 31, 2023 | 28.96% |
| Sep 30, 2023 | 91.82% |
| Jun 30, 2023 | 36.67% |
| Mar 31, 2023 | 37.54% |
| Dec 31, 2022 | 36.19% |
| Sep 30, 2022 | 84.72% |
| Jun 30, 2022 | 47.00% |
| Mar 31, 2022 | 38.93% |
| Dec 31, 2021 | 33.40% |
| Sep 30, 2021 | 54.36% |
API Access
Madison Square Garden Sports Gross 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=gross-margin&ticker=MSGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MSGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MSGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();