Sphere Entertainment (SPHR) Gross Margin (2019 - 2026)

Sphere Entertainment has reported Gross Margin for 8 years, with the latest figure at 56.1% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 1253.0% year-over-year to 56.1%; the trailing twelve-month figure through Mar 2026 stood at 52.54% (up 707.0% YoY), and the FY2025 full-year result was 51.64%, down 3095.0% from the prior year.
• Gross Margin for Q1 2026 stood at 56.1%, down from 58.57% in the prior quarter.
• The five-year high for Gross Margin was 100.0% in Q3 2022, with the low at 28.39% in Q3 2023.
• Historically, Gross Margin has averaged 53.3% across 5 years, with a median of 47.82% in 2025.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 12763 bps — and 2023, when it slumped 7161 bps.
• Sphere Entertainment's Gross Margin stood at 43.34% in 2022, then soared by 81 bps to 78.57% in 2023, then slumped by 51 bps to 38.71% in 2024, then jumped by 51 bps to 58.57% in 2025, then slipped by 4 bps to 56.1% in 2026.
• The last three Gross Margin figures came in at 56.1% (Q1 2026), 58.57% (Q4 2025), and 47.82% (Q3 2025), per Business Quant data.