Madison Square Garden Sports Corp. (MSGS) Income Statement
MSGS FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsMSGS revenue and net income
Where MSGS's revenue goes
FY2026Each bar shows an amount and its share of revenue. MSGS kept 0.7% of revenue as net income.
MSGS profit margins
MSGS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.0% | +9.1% | +22.6% | +0.3% |
| Gross profit | +14.0% | −1.5% | +20.1% | +1.5% |
| Operating income | +94.9% | −30.3% | — | — |
| Net income | — | −45.4% | — | — |
| EPS (diluted) | — | −41.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MSGS quarterly EPS vs estimates
Madison Square Garden Sports beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 30, 2026 (estimate $-1.18).
MSGS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.04B | $1.03B | $887.4M | $821.4M | $415.7M | $603.3M | $729.4M | $1.56B | $1.32B |
| Cost of revenue | $833.7M | $758.3M | $619.7M | $552.4M | $505.6M | $287.5M | $377.5M | $460.2M | $1.07B | $968.8M |
| Gross profit | $320.1M | $280.9M | $407.5M | $335.1M | $315.7M | $128.3M | $225.8M | $269.2M | $492.3M | $349.7M |
| Sales, general & admin | $286.0M | $328.3M | $321.2M | $311.3M | $293.6M | $241.8M | $321.1M | $524.3M | $472.3M | $410.0M |
| Total operating expenses | $291.3M | $266.1M | $261.4M | $249.9M | $229.7M | $206.6M | $318.1M | $327.4M | $469.3M | $402.9M |
| Operating income | $28.9M | $14.8M | $146.0M | $85.2M | $86.1M | −$78.3M | −$92.3M | −$58.2M | $23.1M | −$53.2M |
| Interest income | $2.9M | $4.0M | $2.8M | $2.4M | $313,000 | $32,000 | $700,000 | $30.2M | $21.6M | $11.8M |
| Interest expense | $21.1M | $21.7M | $27.6M | $22.9M | $11.7M | $10.6M | $4.5M | $5.0M | $3.5M | $4.2M |
| Income before taxes | $18.0M | −$17.3M | $105.7M | $89.9M | $73.9M | −$89.3M | −$98.0M | −$60.6M | $17.6M | −$81.2M |
| Income taxes | $10.2M | $5.2M | $46.9M | $44.3M | $25.1M | −$73.4M | $20.6M | −$12.6M | −$116.9M | −$4.4M |
| Net income | $7.8M | −$22.4M | $58.8M | $47.8M | $51.1M | −$14.0M | −$182.4M | $11.4M | $141.6M | −$72.7M |
| EBITDA | $42.2M | $7.6M | $136.4M | $116.4M | $90.7M | −$73.2M | −$76.0M | −$35.6M | $155.5M | $30.4M |
| EPS (diluted) | $0.38 | −$0.92 | $2.43 | $1.90 | $2.06 | −$0.54 | −$3.66 | $0.46 | $1.17 | −$1.39 |
| Gross margin | 27.7% | 27.0% | 39.7% | 37.8% | 38.4% | 30.9% | 37.4% | 36.9% | 31.6% | 26.5% |
| Operating margin | 2.5% | 1.4% | 14.2% | 9.6% | 10.5% | −18.8% | −15.3% | −8.0% | 1.5% | −4.0% |
| Net margin | 0.7% | −2.2% | 5.7% | 5.4% | 6.2% | −3.4% | −30.2% | 1.6% | 9.1% | −5.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $278.7M | $432.2M | $403.4M | $39.5M | $204.0M | $424.2M | $357.8M | $53.3M | $227.3M | $430.0M | $326.9M | $43.0M |
| Cost of revenue | $157.1M | $355.3M | $312.2M | $9.1M | $155.6M | $317.2M | $276.5M | $9.0M | $108.5M | $273.8M | $233.0M | $4.3M |
| Gross profit | $121.6M | $76.9M | $91.2M | $30.4M | $48.3M | $107.0M | $81.2M | $44.3M | $118.7M | $156.1M | $93.9M | $38.7M |
| Sales, general & admin | $85.4M | $73.7M | $69.1M | $57.8M | $71.4M | $74.7M | $67.9M | $52.6M | $64.9M | $76.4M | $65.1M | $53.6M |
| Total operating expenses | $90.7M | $73.7M | $69.1M | $57.8M | $70.9M | $74.7M | $67.9M | $52.6M | $66.4M | $76.4M | $65.1M | $53.6M |
| Operating income | $30.9M | $3.2M | $22.2M | −$27.4M | −$22.6M | $32.3M | $13.3M | −$8.3M | $52.3M | $79.7M | $28.8M | −$14.8M |
| Interest income | $1.1M | $733,000 | $496,000 | $578,000 | $1.4M | $1.1M | $690,000 | $864,000 | $1.2M | $477,000 | $619,000 | $453,000 |
| Interest expense | $4.4M | $4.8M | $6.2M | $5.6M | $5.0M | $5.0M | $5.6M | $6.1M | $6.3M | $6.9M | $7.4M | $6.9M |
| Income before taxes | $33.7M | −$13.3M | $15.0M | −$17.4M | −$27.1M | $22.6M | $1.8M | −$14.6M | $42.7M | $71.9M | $25.0M | −$34.0M |
| Income taxes | $5.4M | $6.7M | $6.7M | −$8.6M | −$25.3M | $36.9M | $698,000 | −$7.0M | $17.2M | $34.0M | $10.8M | −$15.1M |
| Net income | $28.3M | −$20.0M | $8.2M | −$8.8M | −$1.8M | −$14.2M | $1.1M | −$7.5M | $25.5M | $37.9M | $14.2M | −$18.8M |
| EBITDA | $38.9M | −$7.7M | $22.0M | −$11.0M | −$21.3M | $28.5M | $8.2M | −$7.8M | $49.8M | $79.6M | $33.2M | −$26.2M |
| EPS (diluted) | $1.19 | −$0.78 | $0.34 | −$0.37 | −$0.07 | −$0.59 | $0.05 | −$0.31 | $1.06 | $1.57 | $0.59 | −$0.79 |
| Gross margin | 43.6% | 17.8% | 22.6% | 77.0% | 23.7% | 25.2% | 22.7% | 83.1% | 52.2% | 36.3% | 28.7% | 90.0% |
| Operating margin | 11.1% | 0.7% | 5.5% | −69.5% | −11.1% | 7.6% | 3.7% | −15.5% | 23.0% | 18.5% | 8.8% | −34.4% |
| Net margin | 10.2% | −4.6% | 2.0% | −22.3% | −0.9% | −3.4% | 0.3% | −14.1% | 11.2% | 8.8% | 4.4% | −43.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MSGS's financial statements (latest annual report filed August 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MSGS financial results
In fiscal year 2026 (ended June 30, 2026), Madison Square Garden Sports reported revenue of $1.2 billion, up 11.0% from the year before. It had net income of $7.8 million, a net profit margin of 0.7%. Diluted earnings per share came to $0.38. Over five years revenue grew at an average rate of 22.6% a year.
See the MSGS stock overview for the latest quote and news, or the MSGS chart for price history and technical indicators.
MSGS income statement FAQ
What is Madison Square Garden Sports's annual revenue?
Madison Square Garden Sports reported total revenue of $1.2 billion for fiscal year 2026, which ended on June 30, 2026. That was up 11.0% from $1.0 billion the previous year.
Is Madison Square Garden Sports profitable?
Yes. Madison Square Garden Sports reported net income of $7.8 million in fiscal 2026, a net profit margin of 0.7%; its operating margin was 2.5%.
What is Madison Square Garden Sports's gross margin?
Madison Square Garden Sports's gross margin was 27.7% in fiscal 2026: for every $100 of revenue, Madison Square Garden Sports kept $28 after the direct cost of its products and services.
How fast is Madison Square Garden Sports growing?
Revenue grew 22.6% a year on average over the last five fiscal years, from $415.7 million to $1.2 billion.
What are Madison Square Garden Sports's earnings per share?
Madison Square Garden Sports earned $0.38 per diluted share in fiscal 2026, compared with $-0.92 a year earlier.
When will Madison Square Garden Sports report its next earnings?
Madison Square Garden Sports is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Madison Square Garden Sports's fiscal year end?
Madison Square Garden Sports's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 13, 2026.