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

Sphere Entertainment's Gross Margin history runs 8 years deep, the most recent figure standing at 56.1% for Q1 2026.

• Quarterly Gross Margin rose 1253.0% year-over-year to 56.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 86.42% (up 3887.0% YoY) and the FY2025 annual result came in at 88.4%, up 4563.0% from the prior year.
• Gross Margin was 56.1% for Q1 2026 at Sphere Entertainment, down from 172.31% in the prior quarter.
• Across five years, Gross Margin topped out at 172.31% in Q4 2025 and bottomed at 129.02% in Q2 2022.
• A 5-year average of 45.76% and a median of 47.82% in 2025 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin plunged 24395 bps — and 2023, when it jumped 16494 bps.
• Sphere Entertainment's Gross Margin stood at 43.34% in 2022, then surged by 63 bps to 70.58% in 2023, then sank by 35 bps to 46.12% in 2024, then soared by 274 bps to 172.31% in 2025, then slumped by 67 bps to 56.1% in 2026.
• Business Quant data shows SPHR's Gross Margin at 56.1% in Q1 2026, 172.31% in Q4 2025, and 47.82% in Q3 2025.