How Madison Square Garden Sports makes money

Period

FY2026

How does Madison Square Garden Sports make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Madison Square Garden Sports Corp. · FY2026 · year ended 2026-06-30

Revenue$1.2BGross profit$1.2B · 100%Cost of revenue$0 · 0%Operating income$29M · 3%Operating expenses$1.1B · 97%SG&A$286M · 25%Other opex$839M · 73%Pre-tax income$18M · 2%Other expense$11M · 1%Net income$8M · 1%Income tax$10M · 1%Event Related$537M · 47%Media Rights$296M · 26%Sponsorship Signage & Suite Licenses$255M · 22%League Distribution$66M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.