Sirius Xm Holdings (SIRI) Operating Expenses (2009 - 2026)
Sirius Xm Holdings (SIRI) posted Operating Expenses of $1.7 billion for Q2 2026, up 3.12% on a QoQ basis from $1.6 billion in Q1 2026, and down 4.79% year-over-year from $1.8 billion in Q2 2025.
Analysis
Sirius Xm Holdings (SIRI) Operating Expenses (2009 - 2026) Analysis & Trends
Sirius Xm Holdings has reported Operating Expenses for 18 years, with the latest figure at $1.7 billion in Q2 2026.
- On a quarterly basis, Operating Expenses fell 4.79% year-over-year to $1.7 billion in Q2 2026; TTM through Jun 2026 was $7.0 billion, a 31.84% decrease from a year earlier, with the FY2025 full-year figure at $7.1 billion, down 30.63% from the prior year.
- Operating Expenses was $1.7 billion for Q2 2026 at Sirius Xm Holdings, up from $1.6 billion in the prior quarter.
- The five-year high for Operating Expenses was $5.1 billion in Q3 2024, with the low at $1.6 billion in Q1 2026.
- Average Operating Expenses over 5 years is $1.9 billion, with a median of $1.7 billion recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 190.99% in 2024, then plunged 67.15% in 2025.
- Over 5 years, Operating Expenses stood at $1.8 billion in 2022, then fell by 0.27% to $1.8 billion in 2023, then declined by 8.18% to $1.7 billion in 2024, then rose by 16.87% to $2.0 billion in 2025, then slipped by 14.18% to $1.7 billion in 2026.
- The last three Operating Expenses figures came in at $1.7 billion (Q2 2026), $1.6 billion (Q1 2026), and $2.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sirius Xm Holdings | 9.68 Bn | 9.50 Bn | 1.44 Bn | 1.69 Bn |
| 2 | iHeartMedia | 420.29 Mn | 245.85 Mn | 576.68 Mn | 461.62 Mn |
| 3 | Townsquare Media | 98.18 Mn | 97.01 Mn | 30.84 Mn | 127.65 Mn |
| 4 | Mediaco Holding | 93.32 Mn | 91.52 Mn | -1.26 Mn | 38.86 Mn |
| 5 | PodcastOne | 75.20 Mn | 68.19 Mn | 1.90 Mn | 17.68 Mn |
| 6 | Saga Communications | 54.01 Mn | 26.17 Mn | 20.50 Mn | 23.44 Mn |
| 7 | Beasley Broadcast | 31.37 Mn | 24.68 Mn | - | 42.79 Mn |
| 8 | Urban One | 21.15 Mn | 5.79 Mn | 55.98 Mn | 97.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.69 Bn |
| 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 |