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Stock research / United States / SIRI · Radio Broadcasting Stations · Nasdaq

Sirius XM Holdings Inc. (SIRI)

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Sirius XM Holdings Inc. (SIRI) reported revenue of $2.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 1.0% on the same quarter a year earlier. Net income was $239 million, up 16.6% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$2.2 billionup 1.0%
Net income$239 millionup 16.6%
Diluted EPS$0.70
QuarterQ2 FY2026ended 30 June 2026

Sirius XM Holdings (SIRI) in brief

Sirius XM Holdings (SIRI) reported revenue of $8.6 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before.
Read moreNet income was $805 million and diluted earnings per share $2.23. Revenue was $8.7 billion in fiscal 2024, $9.0 billion in fiscal 2023, $9.0 billion in fiscal 2022 and $8.7 billion in fiscal 2021. Net income in the same years was a loss of $1.7 billion, $786 million, $908 million and $1.3 billion. Over the twelve months to 30 June 2026, Sirius XM Holdings reported revenue of $8.6 billion and net income of $880 million. Revenue grew 1.3% a year, compounded, over the five years to fiscal 2025. Sirius XM Holdings declared $1.08 a share in dividends over the last four quarters and had 337 million shares outstanding at the latest filed count. At 30 June 2026 it carried $9.5 billion of debt and $174 million of cash. At the close of 27 October 2026 the market cap of Sirius XM Holdings was $9.2 billion, 10.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE7.4%
ROCE7.7%
Operating margin19.1%
Net margin10.2%
FCF margin18.0%
Interest cover3.66
Debt to equity0.79
Cash conversion2.39
Share count, last 12 months0.0%
Sales CAGR, 3 years-1.7%
Profit CAGR, 3 years-3.9%
EPS, TTMn/a

At the close of 27 October 2026

Price$27.25
Market cap$9.2 billion
Stock P/E10.74
Price to book0.77
EV / EBITDA8.72
Dividend yield4.0%
Market cap / sales1.07
52-week high$32.59
52-week low$19.92
Price, 1 year26.0%
Price CAGR, 3 years-12.9%
Price CAGR, 5 years-14.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure Sirius XM Holdings Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
SIRIgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SIRI

Dividends$1.08 a share over the four quarters to 30 June 2026, a 3.96% yield
Filings21 in twelve months: 13 current reports (8-K), about 6 regulation FD disclosure; 5 other events; 4 officer or director change; 4 results of operations; 1 shareholder vote
Planned insider sales3 Form 144 notices in twelve months, $660,777; latest 6 August 2026
Options tapeput/call 0.39 by open interest at the 27 October 2026 close; the straddle prices a 6.2% move to 30 October 2026
13F holders599 funds reported a position for the quarter to 30 June 2026; largest Berkshire Hathaway Inc
Insider trading4 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest30.4 million shares short, 7.05 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,1982,2812,1862,2532,2802,2842,1442,2502,2712,2882,1622,1782,1712,1882,0682,1382,1592,1932,0912,160
Cost of revenue9971,0509891,0461,0411,0541,0241,0611,0571,0671,0371,0231,0261,0431,0041,0311,0421,0411,0021,028
Gross profit1,2121,2421,2071,2181,2501,2441,1291,1991,2271,2341,1361,1661,1561,1581,0761,1201,1281,1641,1051,144
Gross margin55%54%55%54%55%54%53%53%54%54%53%54%53%53%52%52%52%53%53%53%
R&D68.068.067.072.070.076.079.083.072.088.086.071.068.071.073.056.062.072.069.056.0
Operating income628475510496467563412479528491409471-2,901504387365493226454472
Operating margin29%21%23%22%20%25%19%21%23%21%19%22%-134%23%19%17%23%10%22%22%
Interest expense111101103104107108107107106103104102124117117116115111112112
Pre-tax income433376409388357451308372370383309430-2,997393269264388135326312
Tax rate21%15%24%25%31%19%24%17%21%8%22%18%n/a27%24%22%23%27%25%23%
Net income343319309292247365233310234352199304-2,45628820420529799.0245239
Net margin16%14%14%13%11%16%11%14%10%15%9%14%-113%13%10%10%14%5%12%11%
Diluted EPS$0.08$0.09$0.08$0.07$0.06$0.09$0.06$0.08$0.09$0.09$0.07$0.08-$8.74$0.83$0.59$0.57$0.84n/a$0.72$0.70
Operating cash flow443627355533412676350451478571308514240679242546430680271722
Capital expenditure80.014497.099.083.0147205128187130174173216165189145175144105130
Free cash flow36348325843432952914532329144113434124.051453.0401255536166592
Buybacks31834920620918448.062.013775.00.00.00.00.06.025.045.021.045.022.06.0
Dividends paid59.088.01,07386.086.094.094.094.093.0102102103-15492.091.092.091.091.091.091.0
Shares outstanding4,018m3,967m3,940m3,908m3,895m3,891m3,878m3,844m3,840m3,843m3,847m3,851m339m339m339m337m337m335m336m337m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 18 fiscal years and the trailing twelve months

FY2008FY2009FY2010 †FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue1,6642,4732,8173,0153,4023,7994,1814,5705,0175,4255,7717,7948,0408,6969,0038,9538,6998,5588,603
Cost of revenue46.140.235.333.131.826.544.442.740.935.42,3093,3833,5793,9684,1304,2094,1294,1184,113
Gross profit1,6182,4322,7822,9813,3703,7734,1374,5274,9765,3903,4624,4114,5054,7734,9194,7894,6164,4884,541
Gross margin97.2%98.4%98.7%98.9%99.1%99.3%98.9%99.1%99.2%99.3%60.0%56.6%56.0%54.9%54.6%53.5%53.1%52.4%52.8%
Research and developmentn/a38.940.048.642.650.654.154.982.1112123280263265285322296263259
Operating income-5,0372284656768721,0451,1201,1791,4321,6411,7271,6478582,0151,9191,808-1,5171,4711,645
Operating margin-302.7%9.2%16.5%22.4%25.6%27.5%26.8%25.8%28.5%30.2%29.9%21.1%10.7%23.2%21.3%20.2%-17.4%17.2%19.1%
Interest expense148316296305265205269299331346350390394415422423496459450
Pre-tax incomen/an/an/an/an/a6378318921,0921,2641,4211,1974301,5261,4861,210-1,8651,0561,161
Income tax2.56.04.614.2-2,998260338382346616245283299212368222210251281
Effective tax raten/an/an/an/an/a40.8%40.6%42.9%31.7%48.7%17.2%23.6%69.5%13.9%24.8%18.3%n/a23.8%24.2%
Net income-5,317-35243.14273,4733774935107466481,1769141311,314908786-1,665805880
Net margin-319.5%-14.2%1.5%14.2%102.1%9.9%11.8%11.2%14.9%11.9%20.4%11.7%1.6%15.1%10.1%8.8%-19.1%9.4%10.2%
Diluted EPS-$2.45-$0.15$0.01$0.07$0.51$0.06$0.08$0.09$0.15$0.14$0.26$0.20$0.03$0.32$0.31$0.32-$6.14$2.23n/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
SiriusXM6,8406,5536,41775.0%
Pandora and Off-platform2,1132,1462,14125.0%
SiriusXMPandora and Off-platform
8,953FY20238,699FY20248,558FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2008FY2009FY2010 †FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow-1534345135448071,1031,2531,2441,7191,8561,8802,0172,0181,9981,9811,8291,7411,8982,103
Capital expenditure13124931213797.3174122135206288356363350388426650728653554
Free cash flow-2831852014067099291,1321,1091,5131,5681,5251,6541,6681,6101,5551,1791,0131,2451,549
Free cash flow margin-17.0%7.5%7.1%13.5%20.9%24.5%27.1%24.3%30.2%28.9%26.4%21.2%20.7%18.5%17.3%13.2%11.6%14.5%18.0%
Cash from investing728-249-302-128-97.3n/an/an/a-210-1,146-379-3.0-741-200-493-696-970-747-675
Cash from financing-634-182-7.3-228-962n/an/an/a-1,407-854-1,515-1,959-1,314-1,682-1,724-1,188-916-1,219-1,346
Depreciation and amortisation204309274268266253266221220261278327354379399425445422473
Share-based compensation87.474.060.453.263.868.978.284.3109124133250223202209203200179184
Buybacksn/an/an/a0.00.01,7622,4972,0181,6741,4091,3142,1591,5551,5236472746.013694.0
Dividends paidn/an/a0.00.03270.00.00.048.119020122623726824965.0143365364
Dividend per sharen/an/an/an/a$0.05n/a$0.00$0.00$0.01$0.04$0.05$0.05$0.05$0.07$0.34$0.10n/an/a$1.08
Diluted shares, weighted2,169m3,586m6,391m6,501m6,874m6,385m5,862m5,435m4,965m4,724m4,561m4,616m4,429m4,143m3,990m3,888m338m357m342m
Shares outstanding at period endn/a3,883m3,933m3,753m5,262m6,096m5,646m5,148m4,741m4,528m4,346m4,412m4,173m3,967m3,891m3,843m339m335m337m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2008FY2009FY2010 †FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity75.995.52087044,0402,7461,310-166-792-1,524-1,817-736-2,285-2,625-3,35110,07611,07411,56311,908
Non-controlling interestn/an/an/an/an/an/an/an/an/an/an/an/an/a15,75915,7223,0260.0n/an/a
Debtn/a2,8003,2183,0142,4313,0944,4945,4445,8436,7416,8857,8428,4998,8329,45211,15210,3759,7069,453
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.0456419362320292291229n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a1.00.00.09.010.05.01.0n/a
Other liabilitiesn/a4,4273,9583,7782,5843,0052,5722,7702,9533,1123,1053,5863,700n/an/a5,5005,7765,7385,824
Total liabilities and equityn/a7,3227,3837,4969,0558,8458,3768,0478,0048,3298,17311,14910,33310,27410,02230,05627,52127,23727,185
Owned
Fixed assetsn/a1,7111,7611,6741,5721,5951,5101,4151,3991,4631,5131,6261,6291,4501,4991,7912,1092,2602,286
Goodwilln/a1,8351,8351,8351,8152,2052,2052,2052,2052,2872,2903,8433,1223,15115,20915,20912,39012,39012,390
Intangible assetsn/a2,6952,6292,5742,5202,7002,6452,5932,5452,5232,5013,4673,3403,1863,05010,31010,18910,06510,003
Cash and equivalents38038358777452113514811221469.054.010671.019136230616294.0174
Receivablesn/a11412210210619393.892.697.190.898.0532559626574616596671627
Inventoryn/a16.221.936.725.313.919.422.320.420.222.011.010.0n/an/an/an/an/an/a
Other assetsn/a5684275012,4962,0041,7541,6061,5241,8771,6951,5641,6021,670n/a1,8242,0751,7571,705
Total assetsn/a7,3227,3837,4969,0558,8458,3768,0478,0048,3298,17311,14910,33310,27410,02230,05627,52127,23727,185
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.5%1.3%-1.7%0.4%
Profit growth, compounded4.7%43.8%-3.9%n/a
Return on equity, averagen/an/a-0.1%7.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Sirius XM Holdings' revenue in fiscal 2025?

Sirius XM Holdings (SIRI) reported revenue of $8.6 billion for fiscal 2025, the year ended 31 December 2025, down 1.6% on the year before.

How much did Sirius XM Holdings earn in fiscal 2025?

Net income was $805 million for fiscal 2025, and diluted earnings per share $2.23.

What is Sirius XM Holdings' P/E ratio?

At the close of 27 October 2026, Sirius XM Holdings traded at 10.7 times its earnings over the twelve months to 30 June 2026.

What is Sirius XM Holdings' market cap?

The market cap of Sirius XM Holdings was $9.2 billion at the close of 27 October 2026.

Does Sirius XM Holdings pay a dividend?

Yes. Sirius XM Holdings declared $1.08 a share in dividends over the four quarters to 30 June 2026.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Spotify Technology S.A. SPOT *$114.3 billion47.1726.6%12.8%9.7%0.18n/a
Roku, Inc. ROKU$23.2 billion66.9512.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.4 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.7 billion2.7229.0%23.3%-1.5%5.54n/a
AST SpaceMobile, Inc. ASTS$12.6 billionn/a-25.8%n/a2,265.6%1.24n/a
Viasat Inc. VSAT$9.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.2 billion10.747.4%19.1%0.4%0.794.0%
Nexstar Media Group, Inc. NXST$5.1 billion31.908.3%17.8%10.5%5.184.5%
Iridium Communications Inc. IRDM$4.8 billion30.2428.3%19.0%3.6%3.711.3%
Lumen Technologies, Inc. LUMN$4.8 billionn/an/a1.7%-7.7%n/a0.0%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Telephone & Data Systems Inc. TDS$4.1 billionn/an/an/an/a0.130.4%
All 30 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$182.5 billion11.4415.4%20.5%1.4%1.576.4%
T-Mobile US, Inc. TMUS$157.7 billion15.3618.8%19.8%9.7%1.502.8%
AT&T Inc. T$141.1 billion11.3210.7%18.3%3.5%1.305.3%
Spotify Technology S.A. SPOT *$114.3 billion47.1726.6%12.8%9.7%0.18n/a
Comcast Corp. CMCSA$77.8 billion6.9112.2%14.7%-0.3%0.946.0%
Chunghwa Telecom Co. Ltd. CHT *$37.6 billion31.7010.1%20.6%2.7%0.073.3%
Vodafone Group Public Limited Company VOD *$36.3 billionn/a-0.8%7.0%8.0%1.043.5%
EchoStar Corp. ECHO$31.8 billionn/a-40.1%-112.7%-5.2%1.23n/a
Fox Corp. FOXA$28.3 billion16.8014.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.2 billion14.9614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$23.2 billion66.9512.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.4 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.7 billion2.7229.0%23.3%-1.5%5.54n/a
AST SpaceMobile, Inc. ASTS$12.6 billionn/a-25.8%n/a2,265.6%1.24n/a
Viasat Inc. VSAT$9.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.2 billion10.747.4%19.1%0.4%0.794.0%
Nexstar Media Group, Inc. NXST$5.1 billion31.908.3%17.8%10.5%5.184.5%
Iridium Communications Inc. IRDM$4.8 billion30.2428.3%19.0%3.6%3.711.3%
Lumen Technologies, Inc. LUMN$4.8 billionn/an/a1.7%-7.7%n/a0.0%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Telephone & Data Systems Inc. TDS$4.1 billionn/an/an/an/a0.130.4%
Liberty Global Ltd. LBTYA$2.7 billionn/a-32.9%-1.8%5.4%0.90n/a
Adeia Inc. ADEA$2.5 billion21.0025.7%41.6%24.3%0.810.9%
Calix, Inc. CALX$2.4 billion51.777.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2228.8%5.5%-8.5%0.390.0%
Anterix Inc. ATEX$1.7 billion24.5423.0%1,011.3%18.9%0.00n/a
Uniti Group Inc. UNIT$1.2 billion1.87666.9%3.2%n/a65.860.0%
Liberty Capital Corp. GLIBA$847 millionn/a-19.4%-38.3%n/a0.70n/a
Shenandoah Telecommunications Co. SHEN$555 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$383 millionn/an/a8.0%-4.5%n/a14.4%
2 companies share its SEC industry code (Radio Broadcasting Stations); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 20255 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
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