Sirius XM
Combines in-vehicle subscription audio with Pandora streaming, podcasts, and digital advertising.
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Profile
Sells satellite and streaming subscriptions through SiriusXM, while Pandora and Off-platform provide music streaming, podcasts, audio advertising, and publisher technology. Revenue is concentrated in the United States, led by SiriusXM subscriptions, with the other segment funded mainly by advertising.
Delivers music, sports, talk, news, comedy, and entertainment through SiriusXM satellite and streaming subscriptions. Pandora and Off-platform adds music streaming, podcasts, third-party audio advertising, and publisher technology.
Revenue is concentrated in the United States and led by SiriusXM subscriptions; Pandora and Off-platform relies mainly on advertising. Automaker relationships place receivers in vehicles and support subscriber acquisition, while digital services extend beyond the car.
Execution combines satellite infrastructure, licensed programming, streaming, advertising, and podcast monetization. The model depends on FCC spectrum authorizations, content licenses and royalties, automaker distribution, and subscriber retention, while competing with internet audio, terrestrial radio, and large online advertising platforms.
Company facts
Categories
Key statistics
Year to date +39.2% · Average volume (30d) 3.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Goldman Sachs | Reiterate | Neutral | $3.25 | $32 | |
| Jul 31, 2026 | Guggenheim | Reiterate | Buy | $34 | $35 | |
| Jul 31, 2026 | Wells Fargo | Reiterate | Equal Weight | $30 | $31 | |
| Jul 30, 2026 | UBS | Target | $30 | $36 | ||
| Jul 29, 2026 | UBS | Target | $24 | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.78 | $0.70 | −10.4% | $2.14B | $2.16B | +1.0% | −4.97% |
| Apr 30, 2026Q1 FY26 | $0.70 | $0.72 | +2.9% | $2.07B | $2.09B | +1.0% | +1.04% |
| Feb 5, 2026Q4 FY25 | $0.77 | $0.84 | +9.1% | $2.17B | $2.19B | +1.0% | −4.07% |
| Oct 30, 2025Q3 FY25 | $0.78 | $0.84 | +7.1% | $2.14B | $2.16B | +0.9% | −6.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.07B | $2.14B | $2.16B | $2.19B | $2.09B | $2.16B | |
| Gross profit | $964.0M | $1.00B | $1.01B | $1.05B | $838.0M | $1.07B | |
| Operating income | $387.0M | $365.0M | $493.0M | $226.0M | $460.0M | $472.0M | |
| Net income | $204.0M | $205.0M | $297.0M | $99.0M | $245.0M | $239.0M | |
| Diluted EPS | $0.59 | $0.57 | $0.84 | $0.28 | $0.72 | $0.70 | |
| Gross margin | 46.6% | 46.8% | 46.8% | 48.0% | 40.1% | 49.7% | |
| Operating margin | 18.7% | 17.1% | 22.8% | 10.3% | 22.0% | 21.9% |
Fiscal years (4-quarter sums)FY21 $8.70B · FY22 $9.00B · FY23 $8.95B · FY24 $8.70B · FY25 $8.56B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $174.0M · Total debt $9.46B · Total assets $27.19B · Shareholders' equity $11.91B
Dividends
Raised for 9 straight years — most recently to $0.27 from $0.266 split-adjusted in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 26 | $0.27 | |
| May 11, 2026 | May 11 | May 27 | $0.27 | |
| Feb 11, 2026 | Feb 11 | Feb 27 | $0.27 | |
| Nov 5, 2025 | Nov 5 | Nov 21 | $0.27 | |
| Aug 8, 2025 | Aug 8 | Aug 27 | $0.27 | |
| May 9, 2025 | May 9 | May 28 | $0.27 | |
| Feb 7, 2025 | Feb 7 | Feb 25 | $0.27 | |
| Nov 5, 2024 | Nov 5 | Nov 21 | $0.27 | raised from $0.266 split-adjusted |
Ownership
Shares outstanding 337.07M · Float 311.14M · 92.3% free float
Insiders — no current Form 4 position.
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Berkshire Hathaway Inc | 124.81M | 37.03% | 13F | Aug 14, 2026 |
| Warren E. Buffett | 124.81M | 37.10% | 13G | Nov 14, 2025 |
| John C. Malone | 18.42M | 5.50% | 13D | Jun 10, 2026 |
| BlackRock, Inc. | 17.60M | 5.22% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 10.51M | 3.12% | 13F | Aug 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Spotify
Direct overlap in streaming music, podcasts, subscriptions, and audio ads
- Apple
Premium music, podcasts, and in-car listening through CarPlay
- Alphabet Class A
YouTube spans music, podcasts, in-car access, and digital advertising
- iHeartMedia
Broadcast radio, digital audio, podcasts, and audio advertising
- Amazon
Bundled music, podcasts, spoken audio, smart speakers, and advertising
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sirius XM | $28.48 | −0.25% | $9.62B | 11.2 | 9.1 | 1.1 | +1.0% |
| Spotify | $546.54 | −0.13% | $112.56B | 38.7 | 38.5 | 5.2 | +10.5% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| iHeartMedia | $2.75 | −0.18% | $357.7M | — | — | 0.1 | +4.7% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Median | 29.0 | 31.6 | 5.2 | +16.4% |