Sphere Entertainment (SPHR) Gross Margin (2019 - 2026)
Sphere Entertainment's Gross Margin came in at 51.84% for Q2 2026, down 4.26 percentage points from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) Gross Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sphere Entertainment reported Gross Margin of 55.56%; for FY2025, it came in at 51.64%, up 8.87 percentage points from FY2024.
- Gross Margin carries a five-year change of +6.69 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 42.77% in FY2024, 40.36% in FY2023 (+105.80 pp), -65.44% in FY2022 (-98.29 pp) and 32.85% in FY2021 (-12.10 pp).
- The five-year range for quarterly Gross Margin is 47.82% (Q3 2025) to 62.54% (Q4 2025).
- Business Quant data shows SPHR's Gross Margin at 56.10% (Q1 2026), 62.54% (Q4 2025) and 47.82% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 45.62% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | 39.18% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 46.89% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 38.21% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 38.79% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 41.16% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 42.77% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 75.61% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 29.74% |
| 10 | Sphere Entertainment | 4.41 Bn | 2.18 Bn | 131.17 Mn | 47.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.83% |
| Jun 30, 2026 | 51.84% |
| Mar 31, 2026 | 56.10% |
| Dec 31, 2025 | 62.54% |
| Sep 30, 2025 | 47.82% |
| Jun 30, 2025 | 53.54% |
| Mar 31, 2025 | 43.57% |
| Sep 30, 2024 | 38.71% |
| Jun 30, 2024 | 45.31% |
| 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% |
API Access
Sphere Entertainment Gross 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=gross-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SPHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();