Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026)
Madison Square Garden Sports (MSGS) recorded Operating Leases of $843.98 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 0.3% from $841.05 million a year earlier but down 1.0% from the prior quarter.
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Analysis
Madison Square Garden Sports (MSGS) Operating Leases (2019 - 2026) Analysis & Trends
Starting with fiscal Q1 2020, Madison Square Garden Sports' Operating Leases history includes 28 quarters.
- Annual Operating Leases has increased for six straight fiscal years, with a five-year compound annual growth rate of 4.1% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Leases came in at $841.05 million in FY2025 (+12.1%), $749.95 million in FY2024 (+0.5%), $746.44 million in FY2023 (+6.7%) and $699.59 million in FY2022 (+1.2%).
- Quarterly Operating Leases has ranged from $681.01 million in fiscal Q1 2022 to $852.31 million in fiscal Q3 2026 over the past five years.
- On a year-over-year basis, Operating Leases has increased for 19 consecutive quarters, with growth averaging 6.4% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 12.5% in fiscal Q2 2026, against a decline of 0.2% in fiscal Q1 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $852.31 million (Q3 2026), $841.01 million (Q2 2026) and $829.37 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - |
| 10 | Red Rock Resorts | 5.30 Bn | 4.88 Bn | 315.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 843.98 Mn |
| Mar 31, 2026 | 852.31 Mn |
| Dec 31, 2025 | 841.01 Mn |
| Sep 30, 2025 | 829.37 Mn |
| Jun 30, 2025 | 841.05 Mn |
| Mar 31, 2025 | 848.53 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 | 741.00 Mn |
| Sep 30, 2023 | 734.28 Mn |
| Jun 30, 2023 | 746.44 Mn |
| Mar 31, 2023 | 715.51 Mn |
| Dec 31, 2022 | 702.67 Mn |
| Sep 30, 2022 | 689.30 Mn |
| Jun 30, 2022 | 699.59 Mn |
| Mar 31, 2022 | 703.72 Mn |
| Dec 31, 2021 | 692.53 Mn |
| Sep 30, 2021 | 681.01 Mn |
API Access
Madison Square Garden Sports Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=MSGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "MSGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=MSGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();