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Sirius XM SIRI Programming and content — Share-based payment expense

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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 programming and content — share-based payment expense?
Sirius XM (SIRI) reported programming and content — share-based payment expense of $9M in Q2 2026.
What does programming and content — share-based payment expense mean?
This metric represents the portion of share-based compensation expense allocated specifically to the programming and content segment of the business. It reflects the non-cash cost associated with equity-based awards granted to employees and personnel directly involved in the creation, licensing, and management of content. Monitoring this expense helps investors understand the underlying labor costs and long-term incentive structures required to maintain the company's content offerings.

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