Madison Square Garden Entertainment annual operating expenses
2022
2023
2024
2025
2026
Madison Square Garden Entertainment Operating Expenses Growth & History (MSGE)
Madison Square Garden Entertainment's operating expenses was $309.2M for fiscal 2026.
View full Madison Square Garden Entertainment company overviewMadison Square Garden Entertainment annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | $309.2M | $36.4M | +13.36% |
| 2025 | 2025-06-30 | $272.7M | $11.9M | +4.56% |
| 2024 | 2024-06-30 | $260.8M | $24.5M | +10.38% |
| 2023 | 2023-06-30 | $236.3M | −$348,000 | −0.15% |
| 2022 | 2022-06-30 | $236.7M | — | — |
Madison Square Garden Entertainment quarterly operating expenses
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | $81.4M | $6.1M | +8.06% |
| Q3 2026 | 2026-03-31 | $74.7M | $8.3M | +12.42% |
| Q2 2026 | 2025-12-31 | $82.3M | — | — |
| Q1 2026 | 2025-09-30 | $70.7M | — | — |
| Q4 2025 | 2025-06-30 | $75.4M | — | — |
| Q3 2025 | 2025-03-31 | $66.5M | — | — |
Madison Square Garden Entertainment operating expenses trends
Between the periods ended 2022-06-30 and 2026-06-30, Madison Square Garden Entertainment's operating expenses increased from $236.7M to $309.2M, a change of $72.5M. The latest reported quarter, Q4 2026, shows $81.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Madison Square Garden Entertainment source filings ↗