Madison Square Garden Sports (MSGS) Operating Expenses (2014 - 2026)

Madison Square Garden Sports has reported Operating Expenses for 13 years, with the latest figure at $74.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses changed 0.33% year-over-year to $74.9 million; the trailing twelve-month figure through Mar 2026 stood at $272.7 million (up 4.24% YoY), and the FY2025 full-year result was $266.1 million, up 1.78% from the prior year.
• Operating Expenses for Q1 2026 stood at $74.9 million, up from $69.1 million in the prior quarter.
• The five-year high for Operating Expenses was $76.4 million in Q1 2024, with the low at $52.6 million in Q3 2024.
• Historically, Operating Expenses has averaged $65.0 million across 5 years, with a median of $66.4 million in 2024.
• The largest YoY upside for Operating Expenses was 47.22% in 2022 against a maximum downside of 15.52% in 2022.
• Madison Square Garden Sports' Operating Expenses stood at $75.6 million in 2022, then dropped by 13.97% to $65.1 million in 2023, then rose by 4.36% to $67.9 million in 2024, then advanced by 1.72% to $69.1 million in 2025, then gained by 8.51% to $74.9 million in 2026.
• The last three Operating Expenses figures came in at $74.9 million (Q1 2026), $69.1 million (Q4 2025), and $57.8 million (Q3 2025), per Business Quant data.