Madison Square Garden Sports (MSGS) Net Margin (2014 - 2026)
Madison Square Garden Sports' (MSGS) quarterly Net Margin came in at 10.15% in Q2 2026, up 1102.0% on a YoY basis from 0.84% in Q2 2025, and up 319.56% quarter-over-quarter from 4.62% in Q1 2026.
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Madison Square Garden Sports (MSGS) Net Margin (2014 - 2026) Analysis & Trends
Madison Square Garden Sports (MSGS) has reported Net Margin for 13 consecutive years, with 10.15% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 1102.0% year-over-year to 10.15%; the trailing twelve-month figure through Jun 2026 stood at 0.67% (up 283.0% YoY), and the FY2026 full-year result was 0.67%, up 283.0% from the prior year.
- Net Margin improved to 10.15% in Q2 2026 per MSGS's latest filing, from 4.62% in the prior quarter.
- Across five years, Net Margin topped out at 15.21% in Q2 2022 and bottomed at 76.91% in Q3 2022.
- Historically, Net Margin has averaged 5.25% across 5 years, with a median of 1.18% in 2024.
- The widest YoY moves for Net Margin: up 3319 bps in 2023, down 2269 bps in 2023.
- Over 5 years, Net Margin stood at 6.17% in 2022, then slipped by 30 bps to 4.35% in 2023, then sank by 93 bps to 0.31% in 2024, then surged by 558 bps to 2.04% in 2025, then surged by 397 bps to 10.15% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 10.15%, 4.62%, and 2.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Madison Square Garden Sports | 9.43 Bn | 9.27 Bn | 119.21 Mn | 10.15% |
| 2 | Sphere Entertainment | 5.15 Bn | 4.60 Bn | 162.58 Mn | -12.37% |
| 3 | Vail Resorts | 4.74 Bn | 4.36 Bn | - | 28.23% |
| 4 | Atlanta Braves Holdings | 3.58 Bn | 3.40 Bn | 53.08 Mn | -3.95% |
| 5 | Manchester United | 3.54 Bn | 3.45 Bn | 209.64 Mn | -9.84% |
| 6 | Lucky Strike Entertainment | 793.15 Mn | 753.79 Mn | 199.97 Mn | -9.43% |
| 7 | Seaport Entertainment | 336.56 Mn | 218.77 Mn | 18.12 Mn | -30.50% |
| 8 | Dave & Buster's Entertainment | 303.28 Mn | 283.68 Mn | 372.50 Mn | 1.02% |
| 9 | Rci Hospitality Holdings | 221.02 Mn | 194.61 Mn | - | 8.79% |
| 10 | Aureus Greenway Holdings | 181.97 Mn | 139.22 Mn | - | -5.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.15% |
| Mar 31, 2026 | -4.62% |
| Dec 31, 2025 | 2.04% |
| Sep 30, 2025 | -22.30% |
| Jun 30, 2025 | -0.87% |
| Mar 31, 2025 | -3.35% |
| Dec 31, 2024 | 0.31% |
| Sep 30, 2024 | -14.15% |
| Jun 30, 2024 | 11.22% |
| Mar 31, 2024 | 8.81% |
| Dec 31, 2023 | 4.35% |
| Sep 30, 2023 | -43.72% |
| Jun 30, 2023 | -7.48% |
| Mar 31, 2023 | 13.54% |
| Dec 31, 2022 | 6.17% |
| Sep 30, 2022 | -76.91% |
| Jun 30, 2022 | 15.21% |
| Mar 31, 2022 | 7.08% |
| Dec 31, 2021 | 5.25% |
| Sep 30, 2021 | -89.84% |