Madison Square Garden Sports (MSGS) Operating Margin (2014 - 2026)

Madison Square Garden Sports (MSGS) has reported Operating Margin for 13 consecutive years, with 11.53% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 2260.0% year-over-year to 11.53%; the trailing twelve-month figure through Jun 2026 stood at 2.5% (up 108.0% YoY), and the FY2026 full-year result was 2.5%, up 108.0% from the prior year.
• Operating Margin rose to 11.53% in Q2 2026 per MSGS's latest filing, from 0.45% in the prior quarter.
• Across five years, Operating Margin topped out at 23.02% in Q2 2024 and bottomed at 149.02% in Q3 2022.
• Historically, Operating Margin has averaged 7.91% across 5 years, with a median of 6.56% in 2025.
• The sharpest annual moves came in 2023 and 2025: Operating Margin jumped 11458 bps in 2023, then sank 5399 bps in 2025.
• Over 5 years, Operating Margin stood at 14.57% in 2022, then tumbled by 39 bps to 8.82% in 2023, then sank by 58 bps to 3.72% in 2024, then jumped by 48 bps to 5.5% in 2025, then jumped by 110 bps to 11.53% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 11.53%, 0.45%, and 5.5% for Q2 2026, Q1 2026, and Q4 2025 respectively.