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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
547.51
+20.26 (3.84%)
At close: Aug 28, 2026, 4:00 PM EDT
547.90
+0.39 (0.07%)
Pre-market: Aug 31, 2026, 5:15 AM EDT

Spotify Technology Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
18,11317,18615,67313,24711,7279,668
Revenue Growth
9.03%9.65%18.31%12.96%21.30%22.69%
Gross Profit
5,9355,4964,7383,4472,9262,591
Operating Income
2,6532,1981,379-199-65994
Net Income
3,3392,2121,138-532-430-34
Earnings Per Share
15.9210.515.50-2.73-2.93-1.03
EPS Growth
314.39%91.09%----

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Premium
16,33415,39113,87511,56610,2518,460
Ad-Supported
1,7791,7951,7981,6811,4761,208
Revenue (Total)
18,11317,18615,67313,24711,7279,668

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
6,9857,7166,7533,9733,3503,433
Total Debt
4661,9562,0761,7611,7411,825
Net Cash (Debt)
6,5195,7604,6772,2121,6091,608
Net Cash Growth
48.13%23.16%111.44%37.48%0.06%86.33%
Net Cash Per Share
31.0727.3622.6011.368.228.29

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,3372,9332,30168046361
Capital Expenditures
-70-61-17-6-25-85
Free Cash Flow
3,2672,8722,28467421276
Free Cash Flow Growth
15.85%25.74%238.87%3109.52%-92.39%52.49%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
32.77%31.98%30.23%26.02%24.95%26.80%
Operating Margin
14.65%12.79%8.80%-1.50%-5.62%0.97%
Pretax Margin
19.35%12.94%8.56%-3.81%-3.16%2.58%
Profit Margin
18.43%12.87%7.26%-4.02%-3.67%-0.35%
FCF Margin
18.04%16.71%14.57%5.09%0.18%2.85%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
30.1046.0876.73---
Forward PE
34.4544.5252.59114.59--
P/FCF Ratio
29.7435.4938.2349.22679.39142.82
PS Ratio
5.445.935.572.501.224.08