Madison Square Garden Sports (MSGS) Operating Margin (2014 - 2026)
Madison Square Garden Sports (MSGS) recorded Operating Margin of 11.53% in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 22.60 percentage points from -11.07% a year earlier and up 11.08 percentage points from the prior quarter.
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Analysis
Madison Square Garden Sports (MSGS) Operating Margin (2014 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Madison Square Garden Sports reported Operating Margin of 2.50%, up 1.08 percentage points from FY2025.
- Annual Operating Margin has a five-year change of +21.37 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 1.42% in FY2025 (-12.79 pp), 14.22% in FY2024 (+4.62 pp), 9.60% in FY2023 (-0.88 pp) and 10.48% in FY2022 (+29.35 pp).
- The fiscal Q4 2026 figure is the highest quarterly Operating Margin since fiscal Q4 2024.
- On a year-over-year basis, Operating Margin rose in three of the last eight quarters, with an average year-over-year change of -8.50 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 145.89 percentage points in fiscal Q2 2022, against a drop of 137.85 percentage points in fiscal Q1 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.45% (Q3 2026), 5.50% (Q2 2026) and -69.51% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 19.59% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | -4.72% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | -3.33% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 11.53% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 17.29% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 16.03% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 11.32% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 17.14% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Red Rock Resorts | 5.30 Bn | 4.88 Bn | 315.50 Mn | 26.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.53% |
| Mar 31, 2026 | 0.45% |
| Dec 31, 2025 | 5.50% |
| Sep 30, 2025 | -69.51% |
| Jun 30, 2025 | -11.07% |
| Mar 31, 2025 | 7.62% |
| Dec 31, 2024 | 3.72% |
| Sep 30, 2024 | -15.52% |
| Jun 30, 2024 | 23.02% |
| Mar 31, 2024 | 18.55% |
| Dec 31, 2023 | 8.82% |
| Sep 30, 2023 | -34.44% |
| Jun 30, 2023 | -9.61% |
| Mar 31, 2023 | 21.36% |
| Dec 31, 2022 | 14.57% |
| Sep 30, 2022 | -149.02% |
| Jun 30, 2022 | 13.53% |
| Mar 31, 2022 | 18.18% |
| Dec 31, 2021 | 12.40% |
| Sep 30, 2021 | -185.90% |
API Access
Madison Square Garden Sports Operating Margin 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-margin&ticker=MSGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MSGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();