Sirius XM Holdings Inc.
Financial Performance
SiriusXM Revenue & Financials
Revenue
$8.6B (FY2025)
Market Cap
$8.7B
Net Income
$805M
Employees
5,119
What is SiriusXM's revenue?
SiriusXM had $8.6B in revenue for fiscal year 2025, down 1.6% from 2024. Net income was $805M.
- Latest revenue
- $8.6B (FY2025)
- Year-over-year
- -1.6%
- Growth rate (CAGR)
- 6.1% over 9 years
- Peak revenue
- $9B (FY2022)
- Years of data
- 10
- Employees
- 5,119
Financial Analysis
SiriusXM's finances are defined by steady cash generation on a slowly shrinking revenue line. Revenue peaked at $9.003B in 2022 and fell to $8.558B in 2025. FY2024 showed a $1.665B net loss due to impairment charges tied to the Liberty Media transaction, before net income recovered to $805M in FY2025. Q1 2026 revenue was $2.091B with $245M of net income. Q2 2026 revenue was $2.16B, adjusted EBITDA rose 3% to $691M, net income rose 17% to $239M and free cash flow rose 48% to $593M. The company raised its 2026 revenue, EBITDA and free cash flow guidance by $25M each. Sirius XM Holdings Inc. is a major American broadcasting corporation that completely dominates satellite radio, commanding a market valuation typically over $10 billion.
Revenue Trend Analysis
YoY Change
-1.6%
9-Year CAGR
+6.1%
Peak Year
2022
Trend
Mostly Growing
Sirius XM Holdings Inc. has 10 full fiscal year figures on this page, compounding at +6.1% annually over 9 years. The most recent year saw a 1.6% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $9B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
Sirius XM Holdings Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.9B | $653M | $27.2B | $15.7B | $11.6B | $1.2B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.7B | $728M | $27.5B | $16.4B | $11.1B | $1B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.8B | $650M | $30.1B | $17B | $10.1B | $1.2B | Form 10-K |
| FY2022ended Dec 31, 2022 | $2B | $426M | $10B | $13.4B | -$3.4B | $1.6B | Form 10-K |
| FY2021ended Dec 31, 2021 | $2B | $388M | $10.3B | $12.9B | -$2.6B | $1.6B | Form 10-K |
| FY2020ended Dec 31, 2020 | $2B | $350M | $10.3B | $12.6B | -$2.3B | $1.7B | Form 10-K |
| FY2019ended Dec 31, 2019 | $2B | $363M | $11.1B | $11.9B | -$736M | $1.7B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.9B | $355M | $8.2B | $10B | -$1.8B | $1.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $1.9B | $288M | $8.3B | $9.9B | -$1.5B | $1.6B | Form 10-K |
| FY2016ended Dec 31, 2016 | $1.7B | $205.8M | $8B | $8.8B | -$792M | $1.5B | Form 10-K |
Keep researching SiriusXM
SiriusXM Revenue and Financial FAQ
What was SiriusXM's total revenue for FY2025?
SiriusXM reported consolidated revenue of $8.558 billion for fiscal year 2025, compared to $8.699 billion in FY2024, reflecting resilient automotive subscription pricing offset by minor declines in legacy linear advertising.
What was SiriusXM's net income in 2025?
Net income reached $805 million in FY2025, rebounding strongly from an accounting net loss of $1.665 billion in FY2024, which had been impacted by a non-cash goodwill impairment charge tied to the Liberty Media transaction.
What was SiriusXM's operating profit and adjusted EBITDA in 2025?
SiriusXM generated operating income of $1.471 billion and adjusted EBITDA of approximately $2.70 billion to $2.75 billion in FY2025, demonstrating healthy ~32% operating EBITDA margins.
How much free cash flow does SiriusXM generate annually?
SiriusXM generated approximately $1.15 billion to $1.20 billion in free cash flow in FY2025, providing substantial capital to service debt maturities, pay dividends, and reinvest in satellite infrastructure.
What were SiriusXM's financial results in Q2 2026?
In Q2 2026, SiriusXM reported revenue of $2.16 billion (up 1% year-over-year), net income of $239 million (up 17%), adjusted EBITDA of $691 million, and free cash flow of $593 million, while adding 22,000 self-pay net subscriber additions.
What is SiriusXM's current total paid subscriber count?
As of mid-2026, SiriusXM had approximately 33.0 million total paid subscribers, with approximately 31.5 million self-pay subscribers across North America.
What is SiriusXM's total debt load and leverage ratio?
Following the consolidation of Liberty Media debt in late 2024, SiriusXM carries approximately $9.0 billion to $9.5 billion in total debt, with a net debt-to-adjusted EBITDA leverage ratio of approximately 3.2x to 3.3x.
Does SiriusXM pay a common stock dividend?
Yes, SiriusXM pays a regular quarterly cash dividend of $0.27 per share ($1.08 annualized post-consolidation), providing a dividend yield between 4.0% and 4.8%.
How much does SiriusXM spend on capital expenditures and satellites?
Annual capital expenditures range from $400 million to $550 million, covering software engineering for the 360L platform and manufacturing/launch costs for replacement satellites (such as SXM-9 and SXM-10 built by Maxar Technologies).
What is SiriusXM's market capitalization under ticker SIRI?
Sirius XM Holdings Inc. trades on NASDAQ under ticker SIRI with a market capitalization of approximately $8.5 billion to $9.5 billion.
How does content amortization affect SiriusXM's financial margins?
Fixed talent contracts (such as Howard Stern, NFL play-by-play, and podcast licensing) are amortized evenly over multi-year contract terms, meaning subscriber revenue expansion flows directly to operating leverage.
What was management's updated 2026 financial guidance?
In mid-2026, CEO Jennifer Witz raised full-year 2026 financial guidance, projecting revenue of approximately $8.70 billion, adjusted EBITDA of $2.725 billion, and free cash flow of $1.225 billion.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "SiriusXM Revenue & Financials." CorpDigest, https://corpdigest.com/company/siriusxm/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>SiriusXM reported $8.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/siriusxm/financials" target="_blank" rel="noopener">CorpDigest — SiriusXM financials</a></div>Related Financial Audits
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