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

Madison Square Garden Sports has reported Gross Margin for 13 years, with the latest figure at 17.98% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 745.0% year-over-year to 17.98%; the trailing twelve-month figure through Mar 2026 stood at 23.17% (down 1019.0% YoY), and the FY2025 full-year result was 27.34%, down 1264.0% from the prior year.
• Gross Margin for Q1 2026 stood at 17.98%, down from 22.81% in the prior quarter.
• The five-year high for Gross Margin was 91.82% in Q3 2023, with the low at 17.98% in Q1 2026.
• Historically, Gross Margin has averaged 45.16% across 5 years, with a median of 36.67% in 2023.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 3036 bps — and 2025, when it sank 2850 bps.
• Madison Square Garden Sports' Gross Margin stood at 36.19% in 2022, then slipped by 20 bps to 28.96% in 2023, then slipped by 21 bps to 22.92% in 2024, then retreated by 0 bps to 22.81% in 2025, then fell by 21 bps to 17.98% in 2026.
• The last three Gross Margin figures came in at 17.98% (Q1 2026), 22.81% (Q4 2025), and 79.02% (Q3 2025), per Business Quant data.