Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026)

Madison Square Garden Sports has reported Operating Leases for 8 years, with the latest figure at $852.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases fell 5.25% year-over-year to $852.3 million; the trailing twelve-month figure through Mar 2026 stood at $852.3 million (down 5.25% YoY), and the FY2025 full-year result was $893.7 million, up 19.16% from the prior year.
• Operating Leases for Q1 2026 stood at $852.3 million, up from $841.0 million in the prior quarter.
• The five-year high for Operating Leases was $899.5 million in Q1 2025, with the low at $689.3 million in Q3 2022.
• Historically, Operating Leases has averaged $776.0 million across 5 years, with a median of $750.0 million in 2024.
• Annual changes were most pronounced in 2024 — Operating Leases fell 5.89% — and 2025, when it gained 19.16%.
• Madison Square Garden Sports' Operating Leases stood at $702.7 million in 2022, then gained by 5.46% to $741.0 million in 2023, then rose by 0.88% to $747.6 million in 2024, then climbed by 12.5% to $841.0 million in 2025, then increased by 1.34% to $852.3 million in 2026.
• The last three Operating Leases figures came in at $852.3 million (Q1 2026), $841.0 million (Q4 2025), and $829.4 million (Q3 2025), per Business Quant data.