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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
587.32
+30.08 (5.40%)
Oct 30, 2026, 1:53 PM EDT - Market open

Spotify Technology Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
4,9694,7774,5334,5314,2724,1934,1904,2423,9883,8073,6363,6713,3573,1773,0423,1663,0362,8642,6612,689
Revenue Growth
16.32%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%
Gross Profit
1,6391,5901,4951,4991,3511,3201,3261,3821,2401,1121,004985885812766801750704671712
Operating Income
67265571570158240650949145426616824332-201-156-231-228-194-6-9
Net Income
5185457211,174899-86225367300274197-7065-302-225-270-166-125131-39
Earnings Per Share
2.482.613.455.523.28-0.421.071.761.451.330.97-0.360.33-1.55-1.16-1.40-0.99-0.850.21-0.20
EPS Growth
-24.47%-222.43%213.90%126.46%-10.31%-339.39%-----------

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Premium
4,4874,3314,1484,0203,8353,7533,7833,7213,5303,3653,2593,1702,9102,7732,7132,7172,6512,5042,3792,295
Ad-Supported
482446385511437440407521458442377501447404329449385360282394
Revenue (Total)
4,9694,7774,5334,5314,2724,1934,1904,2423,9883,8073,6363,6713,3573,1773,0423,1663,0362,8642,6612,689

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
7,0836,9856,2937,7167,4826,8516,9576,7535,5844,9504,3343,9733,4753,3913,4383,3503,6663,5683,4683,433
Total Debt
4524664761,9562,2462,4502,1782,0761,8541,8661,8321,7611,7941,7431,7651,7411,8631,7731,7831,825
Net Cash (Debt)
6,6316,5195,8175,7605,2364,4014,7794,6773,7303,0842,5022,2121,6811,6481,6731,6091,8031,7951,6851,608
Net Cash Growth
26.64%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%
Net Cash Per Share
31.7931.2127.8027.1124.4921.4222.7322.3817.9814.9612.2811.288.498.488.648.339.209.168.558.37

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
7408168368568297095398837154922113972111359-70403937119
Capital Expenditures
-6-20-5-22-23-10-6-6-4-2-5-1-1-2-2-5-5-5-10-16
Free Cash Flow
7347968318348066995338777114902063962101157-75353427103
Free Cash Flow Growth
-8.93%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%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
32.98%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%
Operating Margin
13.52%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%
Pretax Margin
14.19%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%
Profit Margin
10.42%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%
FCF Margin
14.77%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%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
29.8324.7531.9746.0887.13-89.3476.7394.65125.10--------353.94-
Forward PE
31.4331.1832.3244.5258.8966.6549.6352.5945.9654.8271.02114.59--------
P/FCF Ratio
27.6225.2927.3135.4942.0047.5139.9038.2336.8044.7758.9549.22140.111019.81466.42-85.3666.0899.97142.82
PS Ratio
4.694.564.945.937.258.076.425.574.394.033.512.502.232.301.971.221.511.622.574.08