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| Date | Value |
|---|---|
| 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 |