Madison Square Garden Sports (MSGS) Gross Margin (2014 - 2026)

Madison Square Garden Sports (MSGS) has reported Gross Margin for 13 consecutive years, with 42.77% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin rose 1868.0% year-over-year to 42.77%; the trailing twelve-month figure through Jun 2026 stood at 27.74% (up 41.0% YoY), and the FY2026 full-year result was 27.74%, up 41.0% from the prior year.
• Gross Margin climbed to 42.77% in Q2 2026 per MSGS's latest filing, from 17.98% in the prior quarter.
• Across five years, Gross Margin topped out at 91.82% in Q3 2023 and bottomed at 17.98% in Q1 2026.
• Historically, Gross Margin has averaged 45.03% across 5 years, with a median of 37.11% in 2023.
• The sharpest annual moves came in 2022 and 2025: Gross Margin surged 3036 bps in 2022, then slumped 2850 bps in 2025.
• Over 5 years, Gross Margin stood at 36.19% in 2022, then declined by 20 bps to 28.96% in 2023, then declined by 21 bps to 22.92% in 2024, then slipped by 0 bps to 22.81% in 2025, then jumped by 87 bps to 42.77% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 42.77%, 17.98%, and 22.81% for Q2 2026, Q1 2026, and Q4 2025 respectively.