Sphere Entertainment annual operating margin
2018
2019
2020
2021
2022
2023
2024
2025
Sphere Entertainment Operating Margin Growth & History (SPHR)
Sphere Entertainment's operating margin was −18.84% for fiscal 2025.
View full Sphere Entertainment company overviewSphere Entertainment annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −18.84% | +14.48 pp |
| 2024 | 2024-06-30 | −33.33% | +14.47 pp |
| 2023 | 2023-06-30 | −47.80% | −20.55 pp |
| 2022 | 2022-06-30 | −27.25% | −3.42 pp |
| 2021 | 2021-06-30 | −23.83% | −40.21 pp |
| 2020 | 2020-06-30 | 16.38% | +20.73 pp |
| 2019 | 2019-06-30 | −4.35% | −1.18 pp |
| 2018 | 2018-06-30 | −3.16% | — |
Sphere Entertainment quarterly operating margin
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q1.23
Q2.23
Q1.24
Q3.24
Q4.24
Q1.25
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −19.56% | −1.79 pp |
| Q1 2026 | 2026-03-31 | 1.87% | +29.93 pp |
| Q4 2025 | 2025-12-31 | 7.34% | +59.12 pp |
| Q3 2025 | 2025-09-30 | −49.50% | −23.31 pp |
| Q2 2025 | 2025-06-30 | −17.77% | −5.17 pp |
| Q1 2025 · Mar 31 | 2025-03-31 | −28.07% | +31.44 pp |
| Q1 2025 · Sep 30 | 2024-09-30 | −51.78% | −98.32 pp |
| Q4 2024 | 2024-06-30 | −26.19% | +10.43 pp |
| Q3 2024 | 2024-03-31 | −12.60% | −13.23 pp |
| Q1 2024 | 2023-09-30 | −59.51% | −66.76 pp |
| Q2 2023 | 2022-12-31 | 46.54% | +75.06 pp |
| Q1 2023 | 2022-09-30 | −36.62% | −19.13 pp |
| Q3 2022 | 2022-03-31 | 0.64% | +19.80 pp |
| Q2 2022 | 2021-12-31 | 7.26% | +35.38 pp |
| Q1 2022 | 2021-09-30 | −28.52% | +6.04 pp |
| Q4 2021 | 2021-06-30 | −17.49% | −74.57 pp |
| Q3 2021 | 2021-03-31 | −19.17% | +66.36 pp |
| Q2 2021 | 2020-12-31 | −28.13% | −45.79 pp |
| Q1 2021 | 2020-09-30 | −34.56% | +3.73 pp |
| Q4 2020 | 2020-06-30 | 57.08% | +64.53 pp |
| Q3 2020 | 2020-03-31 | −85.52% | — |
| Q2 2020 | 2019-12-31 | 17.66% | — |
| Q1 2020 | 2019-09-30 | −38.29% | — |
| Q3 2019 | 2019-03-31 | −7.45% | — |
Sphere Entertainment operating margin trends
Over the last five reported fiscal years, Sphere Entertainment's operating margin decreased from 16.38% to −18.84%, a change of −35.22 percentage points. The latest reported quarter, Q2 2026, shows −19.56%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Sphere Entertainment filings at SEC.gov ↗