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Sirius XM SIRI Customer service and billing — Share-based payment expense

Other product segments

Programming and content
$9M-10.0%
Transmission
$1M0.0%

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Other financials

Income statement

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Revenue$2.2B+1.0%
Gross profit$1.2B-2.8%
Operating income$472.0M+29.3%
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:AllocatedShareBasedCompensationExpense.

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
Line itemFor 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
Cost of services:
Programming and content$9$10$22$19
Customer service and billing2233
Transmission1133
Sales and marketing12122326
Product and technology981918
General and administrative15143228
$48$47$102$97

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's customer service and billing — share-based payment expense?
Sirius XM (SIRI) reported customer service and billing — share-based payment expense of $2M in Q2 2026.
What does customer service and billing — share-based payment expense mean?
This metric represents the non-cash compensation expense recognized for equity-based awards granted to employees directly involved in customer service and billing operations. It reflects the cost of incentivizing staff responsible for subscriber support, account management, and payment processing functions. Monitoring this expense helps investors understand the long-term compensation structure and potential dilution impact associated with the operational workforce within this specific business segment.

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