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
546.54
-0.97 (-0.18%)
After-hours: Aug 28, 2026, 7:57 PM EDT
Spotify Technology Financials Overview
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Revenue Revenue Growth | 4,777 | 4,533 | 4,531 | 4,272 | 4,193 | 4,190 | 4,242 | 3,988 | 3,807 | 3,636 | 3,671 | 3,357 | 3,177 | 3,042 | 3,166 | 3,036 | 2,864 | 2,661 | 2,689 | 2,501 |
Revenue Growth | 13.93% | 8.19% | 6.81% | 7.12% | 10.14% | 15.24% | 15.55% | 18.80% | 19.83% | 19.53% | 15.95% | 10.57% | 10.93% | 14.32% | 17.74% | 21.39% | 22.87% | 23.94% | 24.03% | 26.63% |
Gross Profit Gross Profit Growth | 1,590 | 1,495 | 1,499 | 1,351 | 1,320 | 1,326 | 1,382 | 1,240 | 1,112 | 1,004 | 985 | 885 | 812 | 766 | 801 | 750 | 704 | 671 | 712 | 668 |
Operating Income Operating Income Growth | 655 | 715 | 701 | 582 | 406 | 509 | 491 | 454 | 266 | 168 | 243 | 32 | -201 | -156 | -231 | -228 | -194 | -6 | -9 | 75 |
Net Income Net Income Growth | 545 | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 | 2 |
Earnings Per Share EPS Growth | 2.61 | 3.45 | 5.52 | 3.28 | -0.42 | 1.07 | 1.76 | 1.45 | 1.33 | 0.97 | -0.36 | 0.33 | -1.55 | -1.16 | -1.40 | -0.99 | -0.85 | 0.21 | -0.20 | -0.41 |
EPS Growth | - | 222.43% | 213.90% | 126.46% | - | 10.31% | - | 339.39% | - | - | - | - | - | - | - | - | - | - | - | - |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Premium Premium Growth | 4,331 | 4,148 | 4,020 | 3,835 | 3,753 | 3,783 | 3,721 | 3,530 | 3,365 | 3,259 | 3,170 | 2,910 | 2,773 | 2,713 | 2,717 | 2,651 | 2,504 | 2,379 | 2,295 | 2,178 |
Ad-Supported Ad-Supported Growth | 446 | 385 | 511 | 437 | 440 | 407 | 521 | 458 | 442 | 377 | 501 | 447 | 404 | 329 | 449 | 385 | 360 | 282 | 394 | 323 |
Revenue (Total) Revenue (Total) Growth | 4,777 | 4,533 | 4,531 | 4,272 | 4,193 | 4,190 | 4,242 | 3,988 | 3,807 | 3,636 | 3,671 | 3,357 | 3,177 | 3,042 | 3,166 | 3,036 | 2,864 | 2,661 | 2,689 | 2,501 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash & Investments Cash & Investments Growth | 6,985 | 6,293 | 7,716 | 7,482 | 6,851 | 6,957 | 6,753 | 5,584 | 4,950 | 4,334 | 3,973 | 3,475 | 3,391 | 3,438 | 3,350 | 3,666 | 3,568 | 3,468 | 3,433 | 3,171 |
Total Debt Total Debt Growth | 466 | 476 | 1,956 | 2,246 | 2,450 | 2,178 | 2,076 | 1,854 | 1,866 | 1,832 | 1,761 | 1,794 | 1,743 | 1,765 | 1,741 | 1,863 | 1,773 | 1,783 | 1,825 | 1,801 |
Net Cash (Debt) Net Cash Growth | 6,519 | 5,817 | 5,760 | 5,236 | 4,401 | 4,779 | 4,677 | 3,730 | 3,084 | 2,502 | 2,212 | 1,681 | 1,648 | 1,673 | 1,609 | 1,803 | 1,795 | 1,685 | 1,608 | 1,370 |
Net Cash Growth | 48.13% | 21.72% | 23.16% | 40.38% | 42.70% | 91.01% | 111.44% | 121.89% | 87.14% | 49.55% | 37.48% | -6.77% | -8.19% | -0.71% | 0.06% | 31.61% | 52.77% | 49.51% | 86.33% | 24.89% |
Net Cash Per Share Net Cash Per Share Growth | 31.21 | 27.80 | 27.11 | 24.49 | 21.42 | 22.73 | 22.38 | 17.98 | 14.96 | 12.28 | 11.28 | 8.49 | 8.48 | 8.64 | 8.33 | 9.20 | 9.16 | 8.55 | 8.37 | 7.04 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 816 | 836 | 856 | 829 | 709 | 539 | 883 | 715 | 492 | 211 | 397 | 211 | 13 | 59 | -70 | 40 | 39 | 37 | 119 | 123 |
Capital Expenditures CapEx Growth | -20 | -5 | -22 | -23 | -10 | -6 | -6 | -4 | -2 | -5 | -1 | -1 | -2 | -2 | -5 | -5 | -5 | -10 | -16 | -25 |
Free Cash Flow Free Cash Flow Growth | 796 | 831 | 834 | 806 | 699 | 533 | 877 | 711 | 490 | 206 | 396 | 210 | 11 | 57 | -75 | 35 | 34 | 27 | 103 | 98 |
Free Cash Flow Growth | 13.88% | 55.91% | -4.90% | 13.36% | 42.65% | 158.74% | 121.47% | 238.57% | 4354.55% | 261.40% | - | 500.00% | -67.65% | 111.11% | - | -64.29% | 0% | -34.15% | 43.06% | -6.67% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Gross Margin | 33.28% | 32.98% | 33.08% | 31.62% | 31.48% | 31.65% | 32.58% | 31.09% | 29.21% | 27.61% | 26.83% | 26.36% | 25.56% | 25.18% | 25.30% | 24.70% | 24.58% | 25.22% | 26.48% | 26.71% |
Operating Margin | 13.71% | 15.77% | 15.47% | 13.62% | 9.68% | 12.15% | 11.58% | 11.38% | 6.99% | 4.62% | 6.62% | 0.95% | -6.33% | -5.13% | -7.30% | -7.51% | -6.77% | -0.22% | -0.34% | 3.00% |
Pretax Margin | 15.07% | 20.67% | 22.53% | 19.36% | 1.14% | 7.83% | 11.76% | 9.98% | 7.09% | 4.79% | -3.57% | 2.17% | -7.59% | -6.77% | -9.19% | -4.74% | -3.14% | 5.82% | -0.30% | 6.48% |
Profit Margin | 11.41% | 15.91% | 25.91% | 21.04% | -2.05% | 5.37% | 8.65% | 7.52% | 7.20% | 5.42% | -1.91% | 1.94% | -9.51% | -7.40% | -8.53% | -5.47% | -4.37% | 4.92% | -1.45% | 0.08% |
FCF Margin | 16.66% | 18.33% | 18.41% | 18.87% | 16.67% | 12.72% | 20.67% | 17.83% | 12.87% | 5.67% | 10.79% | 6.26% | 0.35% | 1.87% | -2.37% | 1.15% | 1.19% | 1.01% | 3.83% | 3.92% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 24.75 | 31.97 | 46.08 | 87.13 | - | 89.34 | 76.73 | 94.65 | 125.10 | - | - | - | - | - | - | - | - | 353.94 | - | - |
Forward PE | 31.18 | 32.32 | 44.52 | 58.89 | 66.65 | 49.63 | 52.59 | 45.96 | 54.82 | 71.02 | 114.59 | - | - | - | - | - | - | - | - | - |
P/FCF Ratio | 25.29 | 27.31 | 35.49 | 42.00 | 47.51 | 39.90 | 38.23 | 36.80 | 44.77 | 58.95 | 49.22 | 140.11 | 1019.81 | 466.42 | - | 85.36 | 66.08 | 99.97 | 142.82 | 151.85 |
PS Ratio | 4.56 | 4.94 | 5.93 | 7.25 | 8.07 | 6.42 | 5.57 | 4.39 | 4.03 | 3.51 | 2.50 | 2.23 | 2.30 | 1.97 | 1.22 | 1.51 | 1.62 | 2.57 | 4.08 | 4.07 |