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Sirius XM SIRI Operating Income

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Other financials

Income statement

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Revenue$2.2B+1.0%
Gross profit$1.2B-2.8%
Net income$239.0M+16.6%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$174.0M+89.1%
Total debt$9.5B-7.3%
Total equity$11.9B+5.1%
Total assets$27.2B-0.5%

Cash flow

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Operating cash flow$722.0M+32.2%
CapEx$130.0M-10.3%
Free cash flow$592.0M+47.6%

Valuation

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Market cap$10.35B+46.5%
Enterprise value$19.63B+14.3%
P/E11.8×
P/S1.2×+0.4×

Profitability

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Gross margin53.5%-0.3pp
Operating margin19.1%
Net margin10.2%
FCF margin18%+6.4pp

Returns & leverage

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Return on equity7.6%
Debt / equity0.8×-0.1×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by Sirius XM in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Sirius XM’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:45 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908937-26-000022
(in millions, except per share data)For the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Depreciation and amortization165121316265
Impairment, restructuring and other costs610712155
Total operating expenses1,6881,7733,3253,454
Income from operations472365926752
Other income (expense), net
Interest expense(112)(116)(224)(233)
Other (expense) income, net(48)15(64)14
Total other expense(160)(101)(288)(219)

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's operating income?
Sirius XM (SIRI) reported operating income of $472M in Q2 2026.
How has Sirius XM's operating income changed year-over-year?
Sirius XM's operating income increased by 29.3% year-over-year, from $365M to $472M.
What is the long-term trend for Sirius XM's operating income?
Over 3 years (2021 to 2025), Sirius XM's operating income has grown at a -10.0% compound annual growth rate (CAGR), from $2.02B to $1.47B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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