Madison Square Garden Sports MSGS
NYSE MSGS
$390.46 -0.70 (-0.18%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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