Sphere Entertainment (SPHR) Gross Margin (2019 - 2026)
Sphere Entertainment's (SPHR) quarterly Gross Margin came in at 51.84% in Q2 2026, up 621.0% on a YoY basis from 7.19% in Q2 2025, and down 7.6% quarter-over-quarter from 56.1% in Q1 2026.
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Sphere Entertainment (SPHR) Gross Margin (2019 - 2026) Analysis & Trends
Sphere Entertainment (SPHR) has reported Gross Margin for 8 consecutive years, with 51.84% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 621.0% year-over-year to 51.84%; the trailing twelve-month figure through Jun 2026 stood at 61.29% (up 1409.0% YoY), and the FY2025 full-year result was 51.64%, up 887.0% from the prior year.
- Gross Margin retreated to 51.84% in Q2 2026 per SPHR's latest filing, from 56.1% in the prior quarter.
- Across five years, Gross Margin topped out at 56.1% in Q1 2026 and bottomed at 118.73% in Q4 2022.
- Historically, Gross Margin has averaged 10.18% across 5 years, with a median of 44.6% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 15271 bps in 2022, then jumped 16787 bps in 2023.
- Over 5 years, Gross Margin stood at 118.73% in 2022, then surged by 141 bps to 49.14% in 2023, then retreated by 6 bps to 46.12% in 2024, then gained by 4 bps to 47.82% in 2025, then climbed by 8 bps to 51.84% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 51.84%, 56.1%, and 47.82% for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Madison Square Garden Sports | 9.43 Bn | 9.27 Bn | 119.21 Mn | 42.77% |
| 2 | Sphere Entertainment | 5.15 Bn | 4.60 Bn | 162.58 Mn | 51.84% |
| 3 | Vail Resorts | 4.74 Bn | 4.36 Bn | - | - |
| 4 | Atlanta Braves Holdings | 3.58 Bn | 3.40 Bn | 53.08 Mn | 17.40% |
| 5 | Manchester United | 3.54 Bn | 3.45 Bn | 209.64 Mn | 82.06% |
| 6 | Lucky Strike Entertainment | 793.15 Mn | 753.79 Mn | 199.97 Mn | 65.79% |
| 7 | Seaport Entertainment | 336.56 Mn | 218.77 Mn | 18.12 Mn | 52.85% |
| 8 | Dave & Buster's Entertainment | 303.28 Mn | 283.68 Mn | 372.50 Mn | 66.61% |
| 9 | Rci Hospitality Holdings | 221.02 Mn | 194.61 Mn | - | - |
| 10 | Aureus Greenway Holdings | 181.97 Mn | 139.22 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.84% |
| Mar 31, 2026 | 56.10% |
| Sep 30, 2025 | 47.82% |
| Jun 30, 2025 | 45.62% |
| Mar 31, 2025 | 43.57% |
| Sep 30, 2024 | 46.12% |
| Jun 30, 2024 | 48.96% |
| Mar 31, 2024 | 52.06% |
| Dec 31, 2023 | 49.14% |
| Sep 30, 2023 | 28.39% |
| Jun 30, 2023 | 35.92% |
| Mar 31, 2023 | 42.20% |
| Dec 31, 2022 | -118.73% |
| Sep 30, 2022 | -106.21% |
| Jun 30, 2022 | -103.76% |
| Mar 31, 2022 | -56.16% |
| Dec 31, 2021 | -84.29% |
| Sep 30, 2021 | -17.17% |
| Jun 30, 2021 | 48.95% |
| Mar 31, 2021 | 48.66% |