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

Madison Square Garden Sports (MSGS) has 13 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $76.4 million in Q1 2024 and bottomed at $52.6 million in Q3 2024.
• The 5-year median for Operating Expenses is $66.4 million (2024), against an average of $65.0 million.
• Peak annual rise in Operating Expenses reached 47.22% in 2022, while the deepest fall reached 15.52% in 2022.
• A 5-year view of Operating Expenses shows it stood at $75.6 million in 2022, then declined by 13.97% to $65.1 million in 2023, then gained by 4.36% to $67.9 million in 2024, then climbed by 1.72% to $69.1 million in 2025, then advanced 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.

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