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Sirius XM SIRI SiriusXM — Segment gross profit

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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:GrossProfit.

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, 2026 / Sirius XMFor the Three Months Ended June 30, 2026 / Pandora and Off-platformTotal
Other revenue6868
Total revenue1,6175432,160
Cost of services
Revenue share and royalties(382)(340)(722)
Programming and content (a)(124)(13)(137)
Other (a)(b)(130)(27)(157)
Total cost of services(636)(380)(1,016)
Segment gross profit$981$163$1,144

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's siriusxm — segment gross profit?
Sirius XM (SIRI) reported siriusxm — segment gross profit of $981M in Q2 2026.
How has Sirius XM's siriusxm — segment gross profit changed year-over-year?
Sirius XM's siriusxm — segment gross profit increased by 1.6% year-over-year, from $966M to $981M.
What is the long-term trend for Sirius XM's siriusxm — segment gross profit?
Over 4 years (2021 to 2025), Sirius XM's siriusxm — segment gross profit has grown at a -1.4% compound annual growth rate (CAGR), from $4.03B to $3.82B.
What does siriusxm — segment gross profit mean?
This represents the profit earned by the SiriusXM segment after deducting the direct costs of providing its services from total segment revenue. It measures the fundamental profitability of the core satellite radio business before accounting for corporate overhead, marketing, or administrative expenses. It is a primary indicator of the segment's ability to monetize its subscriber base efficiently.

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