Sirius XM Holdings Inc. (SIRI) Revenue by Segment

Sirius XM revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Sirius XM's largest business segment was Sirius XM, with $1.62 billion or 75% of revenue, up 0.2% from a year earlier. Next: Pandora and Off-platform (25%).

By product or service, Subscription and Circulation brought in 76%, Advertising brought in 21% and Cost of Sales, Equipment Products and Services brought in 2% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Pandora and Off-platform (+3.6%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Sirius XM Holdings Inc.

SIRIConsumer-Oriented Services

United States

Consumer-Oriented Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Sirius XMPandora and Off-platform

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Sirius XM	USD 1.62B	74.9%	+0.2%
Pandora and Off-platform	USD 543.00M	25.1%	+3.6%

Sum of items USD 2.16B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19
Sirius XM	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B	1.6B	1.5B	1.6B	1.6B	1.6B	1.5B	1.5B
Pandora and Off-platform	543.0M	501.0M	582.0M	548.0M	524.0M	487.0M	569.0M	544.0M	538.0M	495.0M	573.0M	550.0M	528.0M	462.0M	559.0M	538.0M	534.0M	467.0M	576.0M	538.0M	516.0M	442.0M	555.0M	438.0M	336.0M	369.0M	468.0M	447.0M	441.0M	251.0M

Sirius XM revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Sirius XM	$1.6B	$1.6B	$1.6B	$1.6B	75%
Pandora and Off-platform	$543.0M	$501.0M	$548.0M	$524.0M	25%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Sirius XM revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Subscription and Circulation	$1.6B	$1.6B	$1.6B	$1.6B	76%
Advertising	$454.0M	$407.0M	$455.0M	$432.0M	21%
Cost of Sales, Equipment Products and Services	$36.0M	$41.0M	$43.0M	$46.0M	2%
Other Revenue	$32.0M	$31.0M	$32.0M	$31.0M	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Sirius XM's business segments?

Sirius XM and Pandora and Off-platform (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Sirius XM?

Sirius XM: $1.62 billion, or 75% of revenue, in Q2 fiscal 2026.

What are Sirius XM's main products and services?

By revenue in Q2 fiscal 2026: Subscription and Circulation (76%), Advertising (21%), Cost of Sales, Equipment Products and Services (2%) and Other Revenue (1%).

MoreSirius XM stock overview Sirius XM financials Sirius XM executive team Sirius XM shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.