Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026)
Madison Square Garden Sports' (MSGS) quarterly Operating Leases came in at $909.3 million in Q1 2026, up 1.08% YoY from $899.5 million in Q1 2025, and up 1.38% on a QoQ basis from $896.9 million in Q4 2025.
Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026) Analysis & Trends
Madison Square Garden Sports (MSGS) has 8 years of Operating Leases data on file, last reported at $909.3 million in Q1 2026.
- Quarterly Operating Leases rose 1.08% year-over-year to $909.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $909.3 million (up 1.08% YoY) and the FY2025 annual result came in at $893.7 million, up 19.16% from the prior year.
- Operating Leases improved to $909.3 million in Q1 2026, from $896.9 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $909.3 million in Q1 2026 to a low of $689.3 million in Q3 2022.
- A 5-year average of $790.6 million and a median of $756.9 million in 2024 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2024 — Operating Leases fell 5.89% — and 2025, when it increased 19.98%.
- Tracing MSGS's Operating Leases over 5 years: stood at $746.4 million in 2022, then rose by 6.06% to $791.7 million in 2023, then fell by 5.57% to $747.6 million in 2024, then advanced by 19.98% to $896.9 million in 2025, then increased by 1.38% to $909.3 million in 2026.
- The last three Operating Leases figures came in at $909.3 million (Q1 2026), $896.9 million (Q4 2025), and $883.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn |
| 10 | Madison Square Garden Sports | 9.70 Bn | 9.54 Bn | 119.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 901.81 Mn |
| Mar 31, 2026 | 909.29 Mn |
| Dec 31, 2025 | 896.89 Mn |
| Sep 30, 2025 | 883.60 Mn |
| Jun 30, 2025 | 893.67 Mn |
| Mar 31, 2025 | 899.55 Mn |
| Dec 31, 2024 | 747.55 Mn |
| Sep 30, 2024 | 738.56 Mn |
| Jun 30, 2024 | 749.95 Mn |
| Mar 31, 2024 | 756.87 Mn |
| Dec 31, 2023 | 791.69 Mn |
| Sep 30, 2023 | 784.81 Mn |
| Jun 30, 2023 | 746.44 Mn |
| Mar 31, 2023 | 759.12 Mn |
| Dec 31, 2022 | 746.42 Mn |
| Sep 30, 2022 | 689.30 Mn |
| Jun 30, 2022 | 699.59 Mn |
| Mar 31, 2022 | 747.13 Mn |
| Dec 31, 2021 | 735.61 Mn |
| Sep 30, 2021 | 723.43 Mn |