Filing Flows › Communication Services › Sirius XM Holdings (SIRI)
Sirius XM Holdings (SIRI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Sirius XM Holdings (SIRI) Q3 2026 earnings results →
Q3 2026 Revenue down 0% year over year to $2.2B · 15¢ of every $1 of revenue kept as net profit · operating margin 22.2%
Sirius XM Holdings made $2.2B in Q3 2026 (-0.3% Y/Y): Subscriber revenue $1.6B, Advertising revenue $456M, Other revenue $67.0M. Operating margin 22.2%, net earnings $317M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.2B in Q3 2026, roughly flat year over year and roughly flat from the previous quarter. Subscriber revenue was the largest line at 76% of revenue. Equipment revenue lost $0.01B year over year (down 16%), 117% of the total change.
Gross margin was 52.8%, up 0.5 points from Q3 2025. Operating profit was $0.48B, a 22.2% margin (down 0.6 points year over year). Operating expenses grew 3% against flat revenue. Net earnings were $0.32B, up 7% year over year. The effective tax rate was 23.8%.
Operating cash flow was $0.46B (up 6% year over year), 144% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.03B. After itions to property and equipment, net ($0.16B), free cash flow as the company reports it was $0.29B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $2.2B | -0.3% | 22.2% | $317M | $457M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $2.2B | +1% | 21.9% | $239M | $722M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $2.1B | +1% | 21.7% | $245M | $271M |
| Q4 2025 | 10-K | Feb 5, 2026 | $2.2B | +0.2% | 10.3% | $99.0M | $680M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $2.2B | -0.6% | 22.8% | $297M | $430M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $2.1B | -2% | 17.1% | $205M | $546M |
| Q1 2025 | 10-Q | May 1, 2025 | $2.1B | -4% | 18.7% | $204M | $242M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Buys from
- AAPL · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
About Sirius XM Holdings
This Annual Report on Form 10-K presents information for Sirius XM Holdings Inc., a Delaware corporation. Sirius XM Holdings Inc. is the product of a series of transactions that closed on September 9, 2024. The terms “Sirius XM Holdings,” “the Company,” “us,” “we” and “our” as used herein and unless otherwise stated or indicated by context, refer to Sirius XM Holdings Inc. and its subsidiaries. “SiriusXM” refers to Sirius XM Holdings’ wholly owned subsidiaries, Sirius XM Inc., Sirius XM Radio LLC and its subsidiaries, other than Pandora. “Pandora” refers to SiriusXM’s wholly owned subsidiary Pandora Media, LLC and its subsidiaries.
In its own words, from its 10-K, filed Feb 5, 2026.
Sirius XM Holdings against its Radio Broadcasting Stations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.3% against the peers' median -0.3%. Operating margin: 22.2% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SIRI Sirius XM Holdings | Q3 2026 | $2.2B | -0.3% | 22.2% |
| IHRT iHeartMedia | Q2 2026 | $977M | +5% | 3.6% |
| CMLS Cumulus Media | Q2 2026 | $168M | -10% | 1.4% |
| TSQ Townsquare Media | Q3 2026 | $111M | +4% | 5.0% |
| UONE Urban One | Q2 2026 | $85.8M | -6% | -13.1% |
| BBGI Beasley Broadcast Group | Q2 2026 | $44.1M | -17% | 3.0% |
| MDIA Mediaco Holding | Q2 2026 | $34.0M | +9% | -14.4% |
| SGA Saga Communications | Q2 2026 | $26.4M | -6% | 2.4% |
| TMGI Transglobal Management Group | Q1 FY27 | $96K | +703% | -409.6% |
Source: Sirius XM Holdings 10-Q on SEC EDGAR · CIK 908937 · Radio Broadcasting Stations
Guidance and outlook
13F: who owns SIRI and who is buying
More on SIRI
- How Sirius XM Holdings makes money: revenue by segment
- Sirius XM Holdings next earnings date and what analysts expect
- Sirius XM Holdings stock forecast, price target and fair value
- Who owns Sirius XM Holdings stock: holders, funds and Congress trades
- Sirius XM Holdings guidance and outlook
- Is Sirius XM Holdings a takeover target? LBO and rumors
- Sirius XM Holdings recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Sirius XM Holdings guidance history: guided vs reported
- Sirius XM Holdings gross margin by quarter
- Sirius XM Holdings operating margin by quarter
- Sirius XM Holdings net income by quarter
- Sirius XM Holdings free cash flow by quarter
- Sirius XM Holdings R&D spending by quarter
- Sirius XM Holdings capital expenditures by quarter
- Sirius XM Holdings Subscriber revenue revenue by quarter
- Sirius XM Holdings Advertising revenue revenue by quarter
- Sirius XM Holdings Other revenue revenue by quarter