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

Sphere Entertainment's (SPHR) quarterly Gross Margin came in at 51.84% in Q2 2026, down 7.6% on a QoQ basis from 56.1% in Q1 2026.

Sphere Entertainment (SPHR) Gross Margin (2019 - 2026) Analysis & Trends

Sphere Entertainment (SPHR) has 8 years of Gross Margin data on file, last reported at 51.84% in Q2 2026.

Quarterly Gross Margin changed N/A year-over-year to 51.84% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 54.23% (changed N/A YoY) and the FY2025 annual result came in at 51.64%, up 887.0% from the prior year.
Gross Margin eased to 51.84% in Q2 2026, from 56.1% in the prior quarter.
In the past five years, Gross Margin ranged from a high of 254.42% in Q2 2022 to a low of 17.78% in Q1 2022.
A 5-year average of 54.96% and a median of 46.97% in 2024 frame the typical range for Gross Margin.
Annual changes were most pronounced in 2022 — Gross Margin surged 13949 bps — and 2023, when it slumped 21850 bps.
Tracing SPHR's Gross Margin over 5 years: stood at 43.34% in 2022, then increased by 13 bps to 49.14% in 2023, then declined by 6 bps to 46.12% in 2024, then gained by 27 bps to 58.57% in 2025, then slipped by 11 bps to 51.84% in 2026.
The last three Gross Margin figures came in at 51.84% (Q2 2026), 56.1% (Q1 2026), and 58.57% (Q4 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Netflix	325.80 Bn	316.67 Bn	6.52 Bn	51.93%
2	Walt Disney	180.88 Bn	175.70 Bn	11.57 Bn	45.84%
3	Warner Bros. Discovery	71.60 Bn	68.23 Bn	4.10 Bn	46.99%
4	Live Nation Entertainment	41.97 Bn	32.90 Bn	1.94 Bn	25.34%
5	Fox	26.42 Bn	22.22 Bn	-	-
6	Liberty Media	23.42 Bn	21.96 Bn	329.00 Mn	35.22%
7	Roku	23.35 Bn	20.80 Bn	673.70 Mn	49.73%
8	News	18.65 Bn	16.55 Bn	-	-
9	TKO Group Holdings	14.38 Bn	12.83 Bn	990.96 Mn	64.05%
10	Sphere Entertainment	5.92 Bn	5.37 Bn	162.58 Mn	51.84%

Download Data