Subscriber Revenue was Sirius Xm Holdings’s largest product and service line in fiscal 2025, bringing in $6.49B of $8.56B (76%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Subscriber Revenue | $6.89B | $6.87B | $6.62B | $6.49B | ||||||
| Subscription Revenue | — | — | — | — | ||||||
| Subscription & Circulation | — | — | — | — | ||||||
| Advertising Revenue | $1.77B | $1.76B | $1.77B | $1.77B | ||||||
| Advertising | — | — | — | — | ||||||
| Music Royalties & Other Products And Services | — | — | — | — | ||||||
| Equipment Revenue | $189.00M | $193.00M | $182.00M | $178.00M | ||||||
| Equipment | — | — | — | — | ||||||
| Other Revenue | $150.00M | $136.00M | $128.00M | $122.00M | ||||||
| Total | $9.00B | $8.95B | $8.70B | $8.56B |
Sirius Xm Holdings brought in $8.56B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 1.6% from $8.70B in fiscal 2024. Subscriber Revenue was the largest at $6.49B (75.8%), ahead of Advertising Revenue at $1.77B (20.7%) and Equipment Revenue at $178.00M (2.1%). The remaining line, Other Revenue, brought in $122.00M.
Compared with fiscal 2024, every line above 2% of revenue shrank. Advertising Revenue held up best, down 0.1% to $1.77B, and Equipment Revenue fell the most, down 2.2% to $178.00M. From fiscal 2022 to 2025, combined revenue from these lines fell from $9.00B to $8.56B, a compound annual decline of 1.7%. Subscriber Revenue's share of the total fell from 76.6% to 75.8%.
Siriusxm was Sirius Xm Holdings’s largest segment in fiscal 2025, bringing in $6.42B of $8.56B (75%).
| Segment | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Siriusxm | — | $6.84B | $6.55B | $6.42B | |||
| Sirius Xm | $6.91B | — | — | — | |||
| Pandora & Off-Platform | $2.10B | $2.11B | $2.15B | $2.14B | |||
| Pandora | — | — | — | — | |||
| Total | $9.00B | $8.95B | $8.70B | $8.56B |
Sirius Xm Holdings brought in $8.56B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 1.6% from $8.70B in fiscal 2024. Siriusxm was the largest at $6.42B (75.0%), ahead of Pandora & Off-Platform at $2.14B (25.0%).
Compared with fiscal 2024, Pandora & Off-Platform fell 0.2% to $2.14B and Siriusxm fell 2.1% to $6.42B.
Sirius Xm Holdings began breaking out Siriusxm in fiscal 2023, when it brought in $6.84B. Sirius Xm Holdings stopped reporting Sirius Xm as a separate segment after fiscal 2022, when it brought in $6.91B.
As Reported was Sirius Xm Holdings’s largest revenue line in fiscal 2018, bringing in $5.77B of $5.77B (100%).
| Revision of Prior Period | FY 2017 | FY 2018 |
|---|---|---|
| As Reported | $5.43B | $5.77B |
| Reclassification | $0 | $0 |
| Total | $5.43B | $5.77B |
Sirius Xm Holdings brought in $5.77B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That was up 6.4% from $5.43B in fiscal 2017. As Reported was the largest at $5.77B (100.0%).
Sirius Xm Holdings (SIRI) reports its revenue by product and service, by segment and by revision of prior period. In fiscal 2025, Subscriber Revenue was its largest product and service line, bringing in $6.49B (75.8% of the total), followed by Advertising Revenue at $1.77B (20.7%).
Subscriber Revenue was Sirius Xm Holdings' largest product and service line in fiscal 2025, bringing in $6.49B, or 75.8% of the $8.56B total across its four product and service lines.
Siriusxm was Sirius Xm Holdings' largest segment in fiscal 2025, bringing in $6.42B, or 75.0% of the $8.56B total across its two segments.
As Reported was Sirius Xm Holdings' largest revenue line in fiscal 2018, bringing in $5.77B, or 100.0% of the $5.77B total across its two revenue lines.
Every figure comes from Sirius Xm Holdings' annual financial filings, as reported. Each line keeps the name Sirius Xm Holdings gives it, and years follow its fiscal calendar.
Sirius Xm Holdings' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.