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Madison Square Garden Sports MSGS Single Operating Segment — Operating Lease, Expense

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Other financials

Income statement

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Revenue$432.2M+1.9%
Operating income$2.0M-93.9%
Net income-$20.0M-40.5%
EPS (diluted)-$0.83-40.7%

Balance sheet

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Cash & equivalents$107.0M+10.9%
Total debt$1.2B-1.9%
Total equity-$295.5M-4.2%
Total assets$1.5B+0.3%

Cash flow

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Operating cash flow$57.5M+818%
CapEx$143.0K-93.9%
Free cash flow$57.4M+1,369%

Valuation

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Market cap$9.42B+93.0%
Enterprise value$10.48B+77.0%
P/S8.7×+4.0×

Profitability

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Operating margin8.4%
Net margin-2.1%-2.5pp
FCF margin2.8%

Returns & leverage

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Return on equity-6.8%
Debt / equity0.2×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Madison Square Garden Sports in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseExpense.

The source filing: Madison Square Garden Sports’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:18 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032888
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Ticketing and sponsorship sales related expenses (a)(25,197)(26,246)(57,381)(55,460)
Marketing & event-related expenses (b)(20,506)(21,482)(51,067)(48,557)
Corporate & administrative (c)(29,926)(32,760)(81,697)(83,691)
Operating lease expenses and other rental expenses associated with the Arena License Agreements (d)(30,867)(34,229)(63,080)(63,034)
Team operating expenses (e)(242,930)(211,209)(471,574)(420,040)
Depreciation and amortization(790)(823)(2,391)(2,396)
Restructuring charges(1,244)(1,244)
Interest income7331,0511,8072,605

Item 1. Financial Statements

FAQ

What is Madison Square Garden Sports's single operating segment — operating lease, expense?
Madison Square Garden Sports (MSGS) reported single operating segment — operating lease, expense of $30.87M in Q1 2026.
How has Madison Square Garden Sports's single operating segment — operating lease, expense changed year-over-year?
Madison Square Garden Sports's single operating segment — operating lease, expense decreased by 9.8% year-over-year, from $34.23M to $30.87M.
What is the long-term trend for Madison Square Garden Sports's single operating segment — operating lease, expense?
Over 2 years (2023 to 2025), Madison Square Garden Sports's single operating segment — operating lease, expense has grown at a -0.3% compound annual growth rate (CAGR), from $69.75M to $69.34M.
What does single operating segment — operating lease, expense mean?
Represents the periodic costs associated with leasing facilities, office space, or equipment necessary for business operations. This reflects the fixed contractual obligations for physical infrastructure.

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