Growth Metrics

Madison Square Garden Sports (MSGS) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Madison Square Garden Sports (MSGS) over the last 12 years, with Q4 2025 value amounting to $69.1 million.

  • Madison Square Garden Sports' Operating Expenses rose 171.58% to $69.1 million in Q4 2025 from the same period last year, while for Dec 2025 it was $272.4 million, marking a year-over-year increase of 347.33%. This contributed to the annual value of $266.1 million for FY2025, which is 177.6% up from last year.
  • As of Q4 2025, Madison Square Garden Sports' Operating Expenses stood at $69.1 million, which was up 171.58% from $57.8 million recorded in Q3 2025.
  • In the past 5 years, Madison Square Garden Sports' Operating Expenses ranged from a high of $76.4 million in Q1 2024 and a low of $43.7 million during Q3 2021
  • In the last 5 years, Madison Square Garden Sports' Operating Expenses had a median value of $63.1 million in 2023 and averaged $62.4 million.
  • Within the past 5 years, the most significant YoY rise in Madison Square Garden Sports' Operating Expenses was 7904.88% (2021), while the steepest drop was 8178.91% (2021).
  • Quarter analysis of 5 years shows Madison Square Garden Sports' Operating Expenses stood at $59.6 million in 2021, then increased by 26.91% to $75.6 million in 2022, then dropped by 13.97% to $65.1 million in 2023, then increased by 4.36% to $67.9 million in 2024, then rose by 1.72% to $69.1 million in 2025.
  • Its Operating Expenses was $69.1 million in Q4 2025, compared to $57.8 million in Q3 2025 and $70.9 million in Q2 2025.