Sirius XM Holdings Inc. income statement
In fiscal 2025, Sirius XM Holdings Inc. reported revenue of $8.56bn, down 1.6% on the year before, operating income of $1.47bn (a 17.2% margin) and net income of $805m, or $2.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,473 | 2,817 | 3,015 | 3,402 | 3,799 | 4,181 | 4,570 | 5,017 | 5,425 | 5,771 | 7,794 | 8,040 | 8,696 | 9,003 | 8,953 | 8,699 | 8,558 | 8,597 |
| Gross profit | — | — | — | — | — | — | — | — | — | — | 4,411 | 4,505 | 4,773 | 4,919 | 4,789 | 4,616 | 4,488 | 4,548 |
| Research and development | 39 | 40 | 49 | 43 | 51 | 54 | 55 | 82 | 112 | 123 | 280 | 263 | 265 | 285 | 322 | 296 | 263 | 261 |
| Selling and marketing | 229 | 215 | 223 | 249 | 291 | 336 | 354 | 387 | 438 | 484 | 937 | 957 | 1,056 | 1,075 | 931 | 894 | 760 | 753 |
| General and administrative | 228 | 241 | 239 | 262 | 262 | 294 | 325 | 341 | 335 | 354 | 524 | 511 | 514 | 563 | 608 | 497 | 549 | 521 |
| Operating income | 228 | 465 | 676 | 872 | 1,045 | 1,120 | 1,179 | 1,432 | 1,641 | 1,727 | 1,647 | 858 | 2,015 | 1,919 | 1,808 | −1,517 | 1,471 | 1,631 |
| Interest expense | 316 | 296 | 305 | 265 | 205 | 269 | 299 | 331 | 346 | 350 | 390 | 394 | 415 | 422 | 423 | 496 | 459 | 444 |
| Income before tax | — | — | — | — | 637 | 831 | 892 | 1,092 | 1,264 | 1,421 | 1,197 | 430 | 1,526 | 1,486 | 1,210 | −1,865 | 1,056 | 1,189 |
| Income tax | 6 | 5 | 14 | −2,998 | 260 | 338 | 382 | 346 | 616 | 245 | 283 | 299 | 212 | 368 | 222 | 210 | 251 | 289 |
| Net income | −352 | 43 | 427 | 3,473 | 377 | 493 | 510 | 746 | 648 | 1,176 | 914 | 131 | 1,314 | 908 | 786 | −1,665 | 805 | 900 |
| Diluted EPS | −$1.50 | $0.10 | $0.70 | $5.10 | $0.60 | $0.80 | $0.90 | $1.50 | $1.40 | $2.60 | $2.00 | $0.30 | $3.20 | $2.96 | $2.77 | −$6.14 | $2.23 | $2.57 |
| Diluted shares (average) | 359m | 639m | 650m | 687m | 638m | 586m | 544m | 496m | 472m | 456m | 462m | 443m | 414m | 368m | 362m | 338m | 357m | 350m |
| EBITDA | 538 | 739 | 944 | 1,138 | 1,298 | 1,386 | 1,399 | 1,653 | 1,902 | 2,005 | 1,974 | 1,212 | 2,394 | 2,318 | 2,233 | −1,072 | 1,893 | 2,130 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,188 | 2,068 | 2,138 | 2,159 | 2,193 | 2,091 | 2,160 | 2,153 |
| Gross profit | 1,159 | 1,076 | 1,120 | 1,128 | 1,163 | 1,105 | 1,144 | 1,136 |
| Research and development | 72 | 73 | 56 | 62 | 72 | 69 | 56 | 64 |
| Selling and marketing | 219 | 190 | 185 | 186 | 199 | 187 | 188 | 179 |
| General and administrative | 119 | 122 | 166 | 119 | 142 | 122 | 136 | 121 |
| Operating income | 505 | 387 | 365 | 493 | 226 | 454 | 472 | 479 |
| Interest expense | 117 | 117 | 116 | 115 | 111 | 112 | 112 | 109 |
| Income before tax | 394 | 269 | 264 | 388 | 135 | 326 | 312 | 416 |
| Income tax | 107 | 65 | 59 | 91 | 36 | 81 | 73 | 99 |
| Net income | 287 | 204 | 205 | 297 | 99 | 245 | 239 | 317 |
| Diluted EPS | $0.87 | $0.59 | $0.57 | $0.84 | $0.24 | $0.72 | $0.70 | $0.78 |
| EBITDA | 596 | 500 | 455 | 603 | 335 | 574 | 606 | 615 |
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