Skip to main content
logo
Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
593.44
+36.20 (6.50%)
At close: Oct 30, 2026, 4:00 PM EDT
594.00
+0.56 (0.09%)
After-hours: Oct 30, 2026, 7:58 PM EDT

Spotify Technology Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
18,81017,18615,67313,24711,7279,668
Revenue Growth
11.32%9.65%18.31%12.96%21.30%22.69%
Gross Profit
6,2295,4964,7383,4472,9262,591
Operating Income
2,7432,1981,379-199-65994
Net Income
2,9582,2121,138-532-430-34
Earnings Per Share
14.1410.515.50-2.73-2.93-1.03
EPS Growth
111.58%91.09%----

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Premium
16,98615,39113,87511,56610,2518,460
Ad-Supported
1,8241,7951,7981,6811,4761,208
Revenue (Total)
18,81017,18615,67313,24711,7279,668

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
7,0837,7166,7533,9733,3503,433
Total Debt
4521,9562,0761,7611,7411,825
Net Cash (Debt)
6,6315,7604,6772,2121,6091,608
Net Cash Growth
26.64%23.16%111.44%37.48%0.06%86.33%
Net Cash Per Share
31.6927.3622.6011.368.228.29

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,2482,9332,30168046361
Capital Expenditures
-53-61-17-6-25-85
Free Cash Flow
3,1952,8722,28467421276
Free Cash Flow Growth
9.61%25.74%238.87%3109.52%-92.39%52.49%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
33.12%31.98%30.23%26.02%24.95%26.80%
Operating Margin
14.58%12.79%8.80%-1.50%-5.62%0.97%
Pretax Margin
17.99%12.94%8.56%-3.81%-3.16%2.58%
Profit Margin
15.73%12.87%7.26%-4.02%-3.67%-0.35%
FCF Margin
16.99%16.71%14.57%5.09%0.18%2.85%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
36.9646.0876.73---
Forward PE
37.0844.5252.59114.59--
P/FCF Ratio
34.0935.4938.2349.22679.39142.82
PS Ratio
5.715.935.572.501.224.08