Growth Metrics

Sphere Entertainment (SPHR) Operating Margin (2019 - 2025)

Sphere Entertainment's Operating Margin history spans 7 years, with the latest figure at 7.34% for Q4 2025.

  • For Q4 2025, Operating Margin changed N/A year-over-year to 7.34%; the TTM value through Dec 2025 reached 18.82%, changed N/A, while the annual FY2025 figure was 18.82%, N/A changed from the prior year.
  • Operating Margin reached 7.34% in Q4 2025 per SPHR's latest filing, up from 49.41% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 7.34% in Q4 2025 to a low of 62.88% in Q1 2023.
  • Average Operating Margin over 5 years is 32.94%, with a median of 31.17% recorded in 2022.
  • The largest YoY upside for Operating Margin was 6745bps in 2021 against a maximum downside of -106551bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 18.21% in 2021, then plummeted by -71bps to 31.17% in 2022, then plummeted by -63bps to 50.83% in 2023, then decreased by -2bps to 51.61% in 2024, then surged by 114bps to 7.34% in 2025.
  • Per Business Quant, the three most recent readings for SPHR's Operating Margin are 7.34% (Q4 2025), 49.41% (Q3 2025), and 17.74% (Q2 2025).