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Sirius XM SIRI Total Revenue

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Segments

By product

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Subscriber revenue$1.64B+0.6%
Advertising revenue$454M+5.1%
Other revenue$68M-11.7%
Equipment revenue$36M-21.7%

By segment

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SiriusXM$1.62B+0.2%
Pandora and Off-platform$543M+3.6%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Advertising revenue454432861826
Equipment revenue36467787
Other revenue32316362
Total revenue2,1602,1384,2514,206
Operating expenses:
Cost of services:
Revenue share and royalties7227221,4191,409
Programming and content146151296304

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's total revenue?
Sirius XM (SIRI) reported total revenue of $2.16B in Q2 2026.
How has Sirius XM's total revenue changed year-over-year?
Sirius XM's total revenue increased by 1.0% year-over-year, from $2.14B to $2.16B.
What is the long-term trend for Sirius XM's total revenue?
Over 4 years (2021 to 2025), Sirius XM's total revenue has grown at a -0.4% compound annual growth rate (CAGR), from $8.7B to $8.56B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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