Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

511.82

+23.68 (4.85%)

At close: Aug 10, 2026, 4:00 PM EDT

511.82

0.00 (0.00%)

After-hours: Aug 10, 2026, 4:51 PM EDT

Spotify Technology Financials Overview

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	18,113	17,186	15,673	13,247	11,727	9,668
Revenue Growth	9.03%	9.65%	18.31%	12.96%	21.30%	22.69%
Gross Profit	5,941	5,496	4,724	3,397	2,926	2,591
Operating Income	2,653	2,198	1,365	-446	-659	94
Net Income	3,339	2,212	1,138	-532	-430	-34
Earnings Per Share	13.77	10.51	5.50	-2.73	-2.93	-1.03
EPS Growth	256.74%	91.09%	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premium	16,334	15,391	13,875	11,566	10,251	8,460
Ad-Supported	1,779	1,795	1,798	1,681	1,476	1,208
Revenue (Total)	18,113	17,186	15,673	13,247	11,727	9,668

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	9,388	9,467	7,448	4,214	3,350	3,500
Total Debt	404	1,891	2,001	1,696	1,683	1,781
Net Cash (Debt)	8,984	7,576	5,447	2,518	1,667	1,719
Net Cash Growth	50.69%	39.09%	116.32%	51.05%	-3.02%	46.92%
Net Cash Per Share	42.56	35.99	26.32	12.93	8.51	8.86

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	3,337	2,933	2,301	680	46	361
Capital Expenditures	-70	-61	-17	-6	-25	-85
Free Cash Flow	3,267	2,872	2,284	674	21	276
Free Cash Flow Growth	15.85%	25.74%	238.87%	3109.52%	-92.39%	52.49%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	32.80%	31.98%	30.14%	25.64%	24.95%	26.80%
Operating Margin	14.65%	12.79%	8.71%	-3.37%	-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%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	26.84	47.09	78.17	-	-	-
Forward PE	31.04	44.52	52.59	114.59	-	-
P/FCF Ratio	27.74	35.47	38.37	49.72	677.46	143.28
PS Ratio	5.06	5.93	5.59	2.53	1.21	4.09