Sirius Xm Holdings (SIRI) Operating Expenses (2009 - 2026)

Sirius Xm Holdings (SIRI) recorded quarterly Operating Expenses of $1.6 billion in Q1 2026, down 16.78% quarter-over-quarter from $2.0 billion in Q4 2025, and down 2.62% on a YoY basis from $1.7 billion in Q1 2025.

Sirius Xm Holdings (SIRI) Operating Expenses (2009 - 2026) Analysis & Trends

Sirius Xm Holdings' Operating Expenses history runs 18 years deep, the most recent figure standing at $1.6 billion for Q1 2026.

  • In Q1 2026, Operating Expenses fell 2.62% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $7.0 billion (down 30.56% YoY), while the FY2025 annual figure was $7.1 billion, down 30.63% from the prior year.
  • Operating Expenses was $1.6 billion for Q1 2026 at Sirius Xm Holdings, down from $2.0 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $5.1 billion in Q3 2024 to a low of $1.6 billion in Q1 2026.
  • Historically, Operating Expenses has averaged $1.9 billion across 5 years, with a median of $1.8 billion in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 190.99% in 2024, then sank 67.15% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.8 billion in 2022, then declined by 0.27% to $1.8 billion in 2023, then dropped by 8.18% to $1.7 billion in 2024, then increased by 16.87% to $2.0 billion in 2025, then fell by 16.78% to $1.6 billion in 2026.
  • The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $2.0 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 339.24 Bn 326.95 Bn 11.41 Bn 1.56 Bn
2 Walt Disney 177.26 Bn 183.87 Bn 23.68 Bn 21.38 Bn
3 Warner Bros. Discovery 67.20 Bn 65.06 Bn 4.25 Bn 11.36 Bn
4 Brera Holdings 43.43 Bn 43.43 Bn - 1.60 Mn
5 Live Nation Entertainment 39.99 Bn 31.53 Bn 1.31 Bn 1.06 Bn
6 Fox 25.61 Bn 22.11 Bn - 2.49 Bn
7 Roku 21.15 Bn 18.77 Bn 564.94 Mn 513.16 Mn
8 Liberty Media 20.63 Bn 21.31 Bn 298.00 Mn 647.00 Mn
9 News 16.23 Bn 14.76 Bn - 952.00 Mn
10 Sirius Xm Holdings 9.22 Bn 9.15 Bn 1.90 Bn 1.64 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.64 Bn
Dec 31, 2025 1.97 Bn
Sep 30, 2025 1.67 Bn
Jun 30, 2025 1.77 Bn
Mar 31, 2025 1.68 Bn
Dec 31, 2024 1.68 Bn
Sep 30, 2024 5.07 Bn
Jun 30, 2024 1.71 Bn
Mar 31, 2024 1.75 Bn
Dec 31, 2023 1.83 Bn
Sep 30, 2023 1.74 Bn
Jun 30, 2023 1.77 Bn
Mar 31, 2023 1.73 Bn
Dec 31, 2022 1.84 Bn
Sep 30, 2022 1.81 Bn
Jun 30, 2022 1.76 Bn
Mar 31, 2022 1.68 Bn
Dec 31, 2021 1.81 Bn
Sep 30, 2021 1.57 Bn
Jun 30, 2021 1.50 Bn