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

Madison Square Garden Sports' Operating Expenses history spans 12 years, with the latest figure at $69.1 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 1.72% year-over-year to $69.1 million; the TTM value through Dec 2025 reached $272.4 million, up 3.47%, while the annual FY2025 figure was $266.1 million, 1.78% up from the prior year.
  • Operating Expenses reached $69.1 million in Q4 2025 per MSGS's latest filing, up from $57.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $76.4 million in Q1 2024 to a low of $43.7 million in Q3 2021.
  • Average Operating Expenses over 5 years is $62.4 million, with a median of $63.1 million recorded in 2023.
  • The largest YoY upside for Operating Expenses was 79.05% in 2021 against a maximum downside of 81.79% in 2021.
  • A 5-year view of Operating Expenses shows it stood at $59.6 million in 2021, then rose by 26.91% to $75.6 million in 2022, then fell by 13.97% to $65.1 million in 2023, then increased by 4.36% to $67.9 million in 2024, then grew by 1.72% to $69.1 million in 2025.
  • Per Business Quant, the three most recent readings for MSGS's Operating Expenses are $69.1 million (Q4 2025), $57.8 million (Q3 2025), and $70.9 million (Q2 2025).