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

Madison Square Garden Sports filings provide 7 years of Operating Leases readings, the most recent being $896.9 million for Q4 2025.

  • On a quarterly basis, Operating Leases rose 19.98% to $896.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $896.9 million, a 19.98% increase, with the full-year FY2025 number at $893.7 million, up 19.16% from a year prior.
  • Operating Leases hit $896.9 million in Q4 2025 for Madison Square Garden Sports, up from $883.6 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $896.9 million in Q4 2025 to a low of $689.3 million in Q3 2022.
  • Median Operating Leases over the past 5 years was $754.5 million (2023), compared with a mean of $773.2 million.
  • Biggest five-year swings in Operating Leases: skyrocketed 193.67% in 2021 and later fell 5.81% in 2024.
  • Madison Square Garden Sports' Operating Leases stood at $735.6 million in 2021, then decreased by 4.48% to $702.7 million in 2022, then rose by 12.67% to $791.7 million in 2023, then decreased by 5.57% to $747.6 million in 2024, then grew by 19.98% to $896.9 million in 2025.
  • The last three reported values for Operating Leases were $896.9 million (Q4 2025), $883.6 million (Q3 2025), and $893.7 million (Q2 2025) per Business Quant data.