Madison Square Garden Sports (MSGS) Operating Expenses (2014 - 2026)
Madison Square Garden Sports' (MSGS) quarterly Operating Expenses came in at $74.9 million in Q1 2026, little changed YoY from $74.7 million in Q1 2025, and up 8.51% on a QoQ basis from $69.1 million in Q4 2025.
Madison Square Garden Sports (MSGS) Operating Expenses (2014 - 2026) Analysis & Trends
Madison Square Garden Sports (MSGS) has 13 years of Operating Expenses data on file, last reported at $74.9 million in 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 climbed to $74.9 million in Q1 2026, from $69.1 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 $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.
- The widest YoY moves for Operating Expenses: up 47.22% in 2022, down 15.52% in 2022.
- Tracing MSGS's Operating Expenses over 5 years: 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.
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| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
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| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
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| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Madison Square Garden Sports | 9.70 Bn | 9.54 Bn | 119.21 Mn | 86.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 86.28 Mn |
| Mar 31, 2026 | 74.94 Mn |
| Dec 31, 2025 | 69.07 Mn |
| Sep 30, 2025 | 57.79 Mn |
| Jun 30, 2025 | 70.89 Mn |
| Mar 31, 2025 | 74.70 Mn |
| Dec 31, 2024 | 67.90 Mn |
| Sep 30, 2024 | 52.59 Mn |
| Jun 30, 2024 | 66.41 Mn |
| Mar 31, 2024 | 76.40 Mn |
| Dec 31, 2023 | 65.07 Mn |
| Sep 30, 2023 | 53.56 Mn |
| Jun 30, 2023 | 57.87 Mn |
| Mar 31, 2023 | 61.10 Mn |
| Dec 31, 2022 | 75.64 Mn |
| Sep 30, 2022 | 55.28 Mn |
| Jun 30, 2022 | 57.44 Mn |
| Mar 31, 2022 | 68.90 Mn |
| Dec 31, 2021 | 59.60 Mn |
| Sep 30, 2021 | 43.73 Mn |