• Madison Square Garden average pre-tax profit margin for 2023 was 10.54%, a 34.96% decline from 2022.
• Madison Square Garden average pre-tax profit margin for 2022 was 7.81%, a 133.02% increase from 2021.
• Madison Square Garden average pre-tax profit margin for 2021 was -23.65%, a 113.87% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.