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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
463.37
-4.46 (-0.95%)
Feb 24, 2026, 3:25 PM EST - Market open

Spotify Technology Income Statement

Millions EUR. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
17,18615,67313,24711,7279,668
Revenue Growth (YoY)
9.65%18.31%12.96%21.30%22.69%
Cost of Revenue
11,69010,9359,8008,8017,077
Gross Profit
5,4964,7383,4472,9262,591
Selling, General & Admin
1,9051,8732,0402,1981,585
Research & Development
1,3931,4861,6061,387912
Operating Expenses
3,2983,3593,6463,5852,497
Operating Income
2,1981,379-199-65994
Interest Expense
-31-36-38-41-69
Interest & Investment Income
2682421314711
Currency Exchange Gain (Loss)
-10030-527247
Other Non Operating Income (Expenses)
-111-260-100211166
EBT Excluding Unusual Items
2,2241,355-258-370249
Merger & Restructuring Charges
---241--
Asset Writedown
--14-6--
Pretax Income
2,2241,341-505-370249
Income Tax Expense
122032760283
Net Income
2,2121,138-532-430-34
Net Income to Common
2,2121,138-532-430-34
Net Income Growth
94.38%----
Shares Outstanding (Basic)
205201195193191
Shares Outstanding (Diluted)
211207195196194
Shares Change (YoY)
1.70%6.30%-0.57%0.98%3.39%
EPS (Basic)
10.775.67-2.73-2.23-0.18
EPS (Diluted)
10.515.50-2.73-2.93-1.03
EPS Growth
91.09%----
Free Cash Flow
2,8722,28467421276
Free Cash Flow Per Share
13.6411.033.460.111.42
Gross Margin
31.98%30.23%26.02%24.95%26.80%
Operating Margin
12.79%8.80%-1.50%-5.62%0.97%
Profit Margin
12.87%7.26%-4.02%-3.67%-0.35%
Free Cash Flow Margin
16.71%14.57%5.09%0.18%2.85%
EBITDA
2,2541,448-41-488221
EBITDA Margin
13.11%9.24%-0.31%-4.16%2.29%
D&A For EBITDA
5669158171127
EBIT
2,1981,379-199-65994
EBIT Margin
12.79%8.80%-1.50%-5.62%0.97%
Effective Tax Rate
0.54%15.14%--113.66%
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q