Madison Square Garden Sports annual operating expenses
2015
2016
2017
2018
2019
2020
2022
2023
2024
2025
2026
Madison Square Garden Sports Operating Expenses Growth & History (MSGS)
Madison Square Garden Sports's operating expenses was $289.2M for fiscal 2026.
View full Madison Square Garden Sports company overviewMadison Square Garden Sports annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | $289.2M | $19.9M | +7.38% |
| 2025 | 2025-06-30 | $269.3M | $4.7M | +1.78% |
| 2024 | 2024-06-30 | $264.6M | $11.1M | +4.39% |
| 2023 | 2023-06-30 | $253.5M | $18.8M | +7.99% |
| 2022 | 2022-06-30 | $234.7M | — | — |
| 2020 | 2020-06-30 | $697.2M | −$90.4M | −11.48% |
| 2019 | 2019-06-30 | $787.6M | −$748.4M | −48.73% |
| 2018 | 2018-06-30 | $1.54B | $157.2M | +11.40% |
| 2017 | 2017-06-30 | $1.38B | $204.9M | +17.45% |
| 2016 | 2016-06-30 | $1.17B | $102.0M | +9.51% |
| 2015 | 2015-06-30 | $1.07B | — | — |
Madison Square Garden Sports quarterly operating expenses
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
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 | $86.2M | $14.5M | +20.24% |
| Q3 2026 | 2026-03-31 | $74.5M | −$1.0M | −1.37% |
| Q2 2026 | 2025-12-31 | $69.9M | — | — |
| Q1 2026 | 2025-09-30 | $58.6M | — | — |
| Q4 2025 | 2025-06-30 | $71.7M | — | — |
| Q3 2025 | 2025-03-31 | $75.5M | — | — |
| Q4 2020 | 2020-06-30 | $38.0M | −$86.2M | −69.41% |
| Q3 2020 | 2020-03-31 | $257.0M | −$23.6M | −8.41% |
| Q2 2020 | 2019-12-31 | $293.0M | −$5.8M | −1.94% |
| Q1 2020 | 2019-09-30 | $109.2M | $25.1M | +29.92% |
| Q4 2019 | 2019-06-30 | $124.1M | −$238.0M | −65.72% |
| Q3 2019 | 2019-03-31 | $280.6M | −$170.7M | −37.82% |
| Q2 2019 | 2018-12-31 | $298.8M | −$164.1M | −35.44% |
| Q1 2019 | 2018-09-30 | $84.0M | −$175.7M | −67.64% |
| Q4 2018 | 2018-06-30 | $362.1M | −$35.9M | −9.02% |
| Q3 2018 | 2018-03-31 | $451.3M | $72.0M | +18.97% |
| Q2 2018 | 2017-12-31 | $462.9M | $76.0M | +19.64% |
| Q1 2018 | 2017-09-30 | $259.7M | $45.2M | +21.06% |
| Q4 2017 | 2017-06-30 | $398.0M | $134.1M | +50.82% |
| Q3 2017 | 2017-03-31 | $379.3M | −$13.9M | −3.54% |
| Q2 2017 | 2016-12-31 | $386.9M | $25.1M | +6.94% |
| Q1 2017 | 2016-09-30 | $214.5M | $59.6M | +38.45% |
| Q4 2016 | 2016-06-30 | $263.9M | $13.3M | +5.30% |
| Q3 2016 | 2016-03-31 | $393.3M | $82.8M | +26.68% |
| Q2 2016 | 2015-12-31 | $361.8M | $4.9M | +1.37% |
| Q1 2016 | 2015-09-30 | $155.0M | $982,000 | +0.64% |
| Q4 2015 | 2015-06-30 | $250.6M | — | — |
| Q3 2015 | 2015-03-31 | $310.4M | — | — |
| Q2 2015 | 2014-12-31 | $356.9M | — | — |
| Q1 2015 | 2014-09-30 | $154.0M | — | — |
Madison Square Garden Sports operating expenses trends
Between the periods ended 2015-06-30 and 2026-06-30, Madison Square Garden Sports's operating expenses decreased from $1.07B to $289.2M, a change of −$782.8M. The latest reported quarter, Q4 2026, shows $86.2M.
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 Sports source filings ↗