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

Madison Square Garden Sports' Operating Leases history runs 8 years deep, the most recent figure standing at $909.3 million for Q1 2026.

• Quarterly Operating Leases rose 1.08% year-over-year to $909.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $909.3 million (up 1.08% YoY) and the FY2025 annual result came in at $893.7 million, up 19.16% from the prior year.
• Operating Leases was $909.3 million for Q1 2026 at Madison Square Garden Sports, up from $896.9 million in the prior quarter.
• Across five years, Operating Leases topped out at $909.3 million in Q1 2026 and bottomed at $689.3 million in Q3 2022.
• A 5-year average of $790.6 million and a median of $756.9 million in 2024 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2024 — Operating Leases slipped 5.89% — and 2025, when it advanced 19.98%.
• Madison Square Garden Sports' Operating Leases stood at $746.4 million in 2022, then advanced by 6.06% 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, then gained by 1.38% to $909.3 million in 2026.
• Business Quant data shows MSGS's Operating Leases at $909.3 million in Q1 2026, $896.9 million in Q4 2025, and $883.6 million in Q3 2025.