Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026)
Madison Square Garden Sports' (MSGS) quarterly Operating Leases came in at $901.8 million in Q2 2026, up 0.91% on a YoY basis from $893.7 million in Q2 2025, and down 0.82% quarter-over-quarter from $909.3 million in Q1 2026.
Analysis
Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026) Analysis & Trends
Madison Square Garden Sports (MSGS) has reported Operating Leases for 8 consecutive years, with $901.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases rose 0.91% year-over-year to $901.8 million; the trailing twelve-month figure through Jun 2026 stood at $901.8 million (up 0.91% YoY), and the FY2026 full-year result was $901.8 million, up 0.91% from the prior year.
- Operating Leases slipped to $901.8 million in Q2 2026 per MSGS's latest filing, from $909.3 million in the prior quarter.
- Across five years, Operating Leases topped out at $909.3 million in Q1 2026 and bottomed at $733.1 million in Q3 2022.
- Historically, Operating Leases has averaged $815.5 million across 5 years, with a median of $796.8 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Leases rose 0.45% in 2024, then gained 12.48% in 2025.
- Over 5 years, Operating Leases stood at $746.4 million in 2022, then advanced by 6.06% to $791.7 million in 2023, then advanced by 0.72% to $797.4 million in 2024, then climbed by 12.48% to $896.9 million in 2025, then climbed by 0.55% to $901.8 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $901.8 million, $909.3 million, and $896.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Madison Square Garden Sports | 9.43 Bn | 9.27 Bn | 119.21 Mn |
| 2 | Sphere Entertainment | 5.15 Bn | 4.60 Bn | 162.58 Mn |
| 3 | Vail Resorts | 4.74 Bn | 4.36 Bn | - |
| 4 | Atlanta Braves Holdings | 3.58 Bn | 3.40 Bn | 53.08 Mn |
| 5 | Manchester United | 3.54 Bn | 3.45 Bn | 209.64 Mn |
| 6 | Lucky Strike Entertainment | 793.15 Mn | 753.79 Mn | 199.97 Mn |
| 7 | Seaport Entertainment | 336.56 Mn | 218.77 Mn | 18.12 Mn |
| 8 | Dave & Buster's Entertainment | 303.28 Mn | 283.68 Mn | 372.50 Mn |
| 9 | Rci Hospitality Holdings | 221.02 Mn | 194.61 Mn | - |
| 10 | Aureus Greenway Holdings | 181.97 Mn | 139.22 Mn | - |
Historic Data
Download Data
Historic 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 | 797.41 Mn |
| Sep 30, 2024 | 788.35 Mn |
| Jun 30, 2024 | 800.22 Mn |
| Mar 31, 2024 | 807.25 Mn |
| Dec 31, 2023 | 791.69 Mn |
| Sep 30, 2023 | 784.81 Mn |
| Jun 30, 2023 | 796.18 Mn |
| Mar 31, 2023 | 759.12 Mn |
| Dec 31, 2022 | 746.42 Mn |
| Sep 30, 2022 | 733.10 Mn |
| Jun 30, 2022 | 743.29 Mn |
| Mar 31, 2022 | 747.13 Mn |
| Dec 31, 2021 | 735.61 Mn |
| Sep 30, 2021 | 723.43 Mn |