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Side-by-side financial comparison of SIRIUS XM HOLDINGS INC. (SIRI) and Spotify Technology S.A. (SPOT). Click either name above to swap in a different company.

XM Satellite Radio Holdings Inc. (XM) was one of the three satellite radio (SDARS) and online radio services in the United States and Canada, operated by Sirius XM Holdings. It provided pay-for-service radio, analogous to subscription cable television. Its service included 73 different music channels, 39 news, sports, talk and entertainment channels, 21 regional traffic and weather channels, and 23 play-by-play sports channels. XM channels were identified by Arbitron with the label "XM".

Spotify is a Swedish audio streaming and media service provider founded in April 2006 by Daniel Ek and Martin Lorentzon. As of December 2025, it was one of the largest providers of music streaming services, with over 751 million monthly active users comprising 290 million paying subscribers. Spotify is listed on the New York Stock Exchange in the form of American depositary receipts.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SIRI
SIRI
SPOT
SPOT
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.2B
Net Profit
SIRI
SIRI
SPOT
SPOT
Q4 25
$99.0M
Q3 25
$297.0M
Q2 25
$205.0M
Q1 25
$204.0M
Q4 24
$222.0M
Q3 24
$-2.5B
Q2 24
$304.0M
Q1 24
$265.0M
Gross Margin
SIRI
SIRI
SPOT
SPOT
Q4 25
53.1%
Q3 25
52.2%
Q2 25
52.4%
Q1 25
52.0%
Q4 24
52.9%
Q3 24
53.2%
Q2 24
53.5%
Q1 24
52.5%
Operating Margin
SIRI
SIRI
SPOT
SPOT
Q4 25
10.3%
Q3 25
22.8%
Q2 25
17.1%
Q1 25
18.7%
Q4 24
20.2%
Q3 24
-133.6%
Q2 24
23.2%
Q1 24
20.2%
Net Margin
SIRI
SIRI
SPOT
SPOT
Q4 25
4.5%
Q3 25
13.8%
Q2 25
9.6%
Q1 25
9.9%
Q4 24
10.1%
Q3 24
-113.1%
Q2 24
14.0%
Q1 24
12.3%
EPS (diluted)
SIRI
SIRI
SPOT
SPOT
Q4 25
$0.23
Q3 25
$0.84
Q2 25
$0.57
Q1 25
$0.59
Q4 24
$2.45
Q3 24
$-8.74
Q2 24
$0.08
Q1 24
$0.07

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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