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SIRI
SiriusXM Holdings Inc.Stock · Consumer Discretionary
$28.58+0.25%
as of Aug 27, 3:10 PM ET
PeersTSLAAMZNBABAHDMCDAAL

How SiriusXM makes money

Period
FY2025

How does SiriusXM make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

SiriusXM Holdings Inc. · FY2025 · year ended 2025-12-31
Revenue$8.6BGross profit$4.5B · 52%Cost of revenue$4.1B · 48%Operating income$1.5B · 17%Operating expenses$3.0B · 35%R&D$263M · 3%SG&A$549M · 6%Selling & marketing$760M · 9%Other opex$1.4B · 17%Pre-tax income$1.1B · 12%Other expense$415M · 5%Net income$805M · 9%Income tax$251M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.