Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
434.20
-61.62 (-12.43%)
At close: Apr 28, 2026, 4:00 PM EDT
435.63
+1.43 (0.33%)
Pre-market: Apr 29, 2026, 8:03 AM EDT
Spotify Technology Income Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Fiscal Quarter | 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 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Jun '21 Jun 30, 2021 |
| 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 | 2,331 | |
Revenue Growth (YoY) | 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% | 23.40% |
Cost of Revenue | 3,038 | 3,032 | 2,921 | 2,873 | 2,864 | 2,874 | 2,748 | 2,695 | 2,632 | 2,691 | 2,472 | 2,411 | 2,276 | 2,365 | 2,286 | 2,160 | 1,990 | 1,977 | 1,833 | 1,668 |
Gross Profit | 1,495 | 1,499 | 1,351 | 1,320 | 1,326 | 1,368 | 1,240 | 1,112 | 1,004 | 980 | 885 | 766 | 766 | 801 | 750 | 704 | 671 | 712 | 668 | 663 |
Selling, General & Admin | 449 | 508 | 460 | 499 | 438 | 515 | 444 | 467 | 447 | 587 | 484 | 560 | 487 | 617 | 592 | 562 | 427 | 466 | 385 | 396 |
Research & Development | 331 | 290 | 309 | 415 | 379 | 376 | 342 | 379 | 389 | 468 | 369 | 453 | 435 | 415 | 386 | 336 | 250 | 253 | 208 | 255 |
Total Operating Expenses | 780 | 798 | 769 | 914 | 817 | 891 | 786 | 846 | 836 | 1,055 | 853 | 1,013 | 922 | 1,032 | 978 | 898 | 677 | 719 | 593 | 651 |
Operating Income | 715 | 701 | 582 | 406 | 509 | 477 | 454 | 266 | 168 | -75 | 32 | -247 | -156 | -231 | -228 | -194 | -6 | -7 | 75 | 12 |
Interest Income | 248 | 349 | 262 | 89 | 71 | 127 | 66 | 76 | 59 | 46 | 55 | 33 | 27 | 26 | 102 | 118 | 175 | 20 | 101 | 21 |
Interest Expense | -26 | -29 | -17 | -447 | -252 | -105 | -122 | -72 | -53 | -102 | -14 | -27 | -77 | -86 | -18 | -14 | -14 | -21 | -14 | -25 |
Total Non-Operating Income (Expense) | 222 | 320 | 245 | -358 | -181 | 22 | -56 | 4 | 6 | -56 | 41 | 6 | -50 | -60 | 84 | 104 | 161 | -1 | 87 | -4 |
Pretax Income | 937 | 1,021 | 827 | 48 | 328 | 499 | 398 | 270 | 174 | -131 | 73 | -241 | -206 | -291 | -144 | -90 | 155 | -8 | 162 | 8 |
Provision for Income Taxes | 216 | -153 | -72 | 134 | 103 | 132 | 98 | -4 | -23 | -61 | 8 | 61 | 19 | -21 | 22 | 35 | 24 | 31 | 160 | 28 |
Net Income | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 | 2 | -20 |
Net Income to Common | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 | 2 | -20 |
Net Income Growth | 220.44% | 219.89% | 199.67% | - | 14.21% | - | 361.54% | - | - | - | - | - | - | - | - | - | 469.56% | - | - | - |
Shares Outstanding (Basic) | 206 | 206 | 206 | 205 | 204 | 203 | 202 | 200 | 198 | 196 | 195 | 194 | 194 | 193 | 193 | 193 | 192 | 192 | 191 | 191 |
Shares Outstanding (Diluted) | 209 | 212 | 214 | 205 | 210 | 209 | 207 | 206 | 204 | 196 | 198 | 194 | 194 | 193 | 196 | 196 | 197 | 192 | 195 | 194 |
Shares Change (YoY) | -0.46% | 1.67% | 3.08% | -0.34% | 3.17% | 6.62% | 4.74% | 6.02% | 5.27% | 1.45% | 1.03% | -0.73% | -1.78% | 0.56% | 0.74% | 0.92% | 2.74% | 1.21% | 2.91% | 4.04% |
EPS (Basic) | 3.50 | 5.71 | 4.36 | -0.42 | 1.10 | 1.81 | 1.49 | 1.37 | 0.99 | -0.36 | 0.33 | -1.55 | -1.16 | -1.40 | -0.86 | -0.65 | 0.68 | -0.20 | 0.01 | -0.10 |
EPS (Diluted) | 3.45 | 4.43 | 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 | -0.21 | -0.41 | -0.19 |
EPS Growth | 222.43% | 151.71% | 126.21% | - | 10.31% | - | 339.39% | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding | 205.62 | 205.83 | 206.08 | 205.06 | 205.06 | 202.08 | 202.08 | 200.81 | 199.05 | 195.14 | 195.14 | 0 | 0 | 0 | 193.13 | 193 | 192.88 | 191.55 | 191.55 | 191.36 |
Free Cash Flow | 831 | 834 | 806 | 699 | 533 | 877 | 711 | 490 | 206 | 396 | 210 | 11 | 57 | -75 | 35 | 34 | 27 | 103 | 98 | 34 |
Free Cash Flow Growth | 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% | - | -34.15% | 43.06% | -6.67% | 36.00% |
Free Cash Flow Per Share | 3.97 | 3.92 | 3.77 | 3.40 | 2.54 | 4.20 | 3.43 | 2.38 | 1.01 | 2.02 | 1.06 | 0.06 | 0.29 | -0.39 | 0.18 | 0.17 | 0.14 | 0.54 | 0.50 | 0.18 |
Gross Margin | 32.98% | 33.08% | 31.62% | 31.48% | 31.65% | 32.25% | 31.09% | 29.21% | 27.61% | 26.70% | 26.36% | 24.11% | 25.18% | 25.30% | 24.70% | 24.58% | 25.22% | 26.48% | 26.71% | 28.44% |
Operating Margin | 15.77% | 15.47% | 13.62% | 9.68% | 12.15% | 11.24% | 11.38% | 6.99% | 4.62% | -2.04% | 0.95% | -7.77% | -5.13% | -7.30% | -7.51% | -6.77% | -0.23% | -0.26% | 3.00% | 0.51% |
Profit Margin | 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% | -4.36% | 4.92% | -1.45% | 0.08% | -0.86% |
FCF Margin | 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% | 1.46% |
EBITDA | 741 | 726 | 606 | 432 | 536 | 507 | 484 | 296 | 199 | -41 | 68 | -203 | -112 | -181 | -184 | -154 | 31 | 26 | 108 | 43 |
EBITDA Margin | 16.35% | 16.02% | 14.19% | 10.30% | 12.79% | 11.95% | 12.14% | 7.78% | 5.47% | -1.12% | 2.03% | -6.39% | -3.68% | -5.72% | -6.06% | -5.38% | 1.16% | 0.97% | 4.32% | 1.84% |
EBIT | 715 | 701 | 582 | 406 | 509 | 477 | 454 | 266 | 168 | -75 | 32 | -247 | -156 | -231 | -228 | -194 | -6 | -7 | 75 | 12 |
EBIT Margin | 15.77% | 15.47% | 13.62% | 9.68% | 12.15% | 11.24% | 11.38% | 6.99% | 4.62% | -2.04% | 0.95% | -7.77% | -5.13% | -7.30% | -7.51% | -6.77% | -0.23% | -0.26% | 3.00% | 0.51% |
Effective Tax Rate | 23.05% | -14.99% | -8.71% | 279.17% | 31.40% | 26.45% | 24.62% | -1.48% | -13.22% | 46.56% | 10.96% | -25.31% | -9.22% | 7.22% | -15.28% | -38.89% | 15.48% | -387.50% | 98.77% | 350.00% |
Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.