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

Madison Square Garden Sports' Operating Expenses history runs 13 years deep, the most recent figure standing at $74.9 million for Q1 2026.

• Quarterly Operating Expenses changed 0.33% year-over-year to $74.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $272.7 million (up 4.24% YoY) and the FY2025 annual result came in at $266.1 million, up 1.78% from the prior year.
• Operating Expenses was $74.9 million for Q1 2026 at Madison Square Garden Sports, up from $69.1 million in the prior quarter.
• Across five years, Operating Expenses topped out at $76.4 million in Q1 2024 and bottomed at $52.6 million in Q3 2024.
• A 5-year average of $65.0 million and a median of $66.4 million in 2024 frame the typical range for Operating Expenses.
• Peak annual rise in Operating Expenses reached 47.22% in 2022, while the deepest fall reached 15.52% in 2022.
• Madison Square Garden Sports' Operating Expenses stood at $75.6 million in 2022, then fell by 13.97% to $65.1 million in 2023, then advanced by 4.36% to $67.9 million in 2024, then grew by 1.72% to $69.1 million in 2025, then climbed by 8.51% to $74.9 million in 2026.
• Business Quant data shows MSGS's Operating Expenses at $74.9 million in Q1 2026, $69.1 million in Q4 2025, and $57.8 million in Q3 2025.