Spotify Technology S.A. (SPOT)

Spotify Technology Balance Sheet

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

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 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Cash & Equivalents	5,255	5,258	5,456	5,161	5,019	4,781	4,688	4,054	3,451	3,114	2,618	2,550	2,443	2,483	2,851	2,786	2,721	2,744	2,512	2,440
Short-Term Investments	3,491	4,209	3,606	3,183	2,894	2,667	1,392	1,344	1,220	1,100	1,097	866	995	867	815	782	816	756	725	612
Cash & Short-Term Investments	8,746	9,467	9,062	8,344	7,913	7,448	6,080	5,398	4,671	4,214	3,715	3,416	3,438	3,350	3,666	3,568	3,537	3,500	3,237	3,052
Cash Growth	10.53%	27.11%	49.05%	54.58%	69.41%	76.74%	63.66%	58.02%	35.86%	25.79%	1.34%	-4.26%	-2.80%	-4.29%	13.25%	16.91%	14.61%	100.34%	70.28%	71.08%
Accounts Receivable	683	802	735	736	749	771	749	753	777	858	747	632	555	690	648	613	556	621	571	492
Other Receivables	94	116	117	83	46	28	27	35	21	20	8	8	5	5	2	4	5	5	5	6
Total Trade Receivables	777	918	852	819	795	799	776	788	798	878	755	640	560	695	650	617	561	626	576	498
Other Current Assets	136	111	143	136	146	132	147	158	175	168	225	273	295	307	343	337	270	246	224	201
Total Current Assets	9,659	10,496	10,057	9,299	8,854	8,379	7,003	6,344	5,644	5,260	4,695	4,329	4,293	4,352	4,659	4,522	4,368	4,372	4,037	3,751
Net Property, Plant & Equipment	409	422	416	417	401	414	430	465	498	547	618	624	744	765	835	818	812	809	812	792
Other Intangible Assets	41	41	33	37	43	48	58	68	76	84	98	105	115	127	153	126	109	89	91	95
Goodwill	1,099	1,083	1,078	1,074	1,156	1,201	1,128	1,167	1,159	1,137	1,180	1,148	1,155	1,168	1,261	1,111	978	894	869	851
Long-Term Investments	1,194	2,181	2,888	2,417	1,958	1,635	1,604	1,931	1,534	1,215	903	1,015	1,134	1,138	630	720	682	916	1,090	1,897
Other Long-Term Assets	726	792	217	221	275	328	330	171	164	103	98	91	88	86	94	91	90	90	90	95
Total Assets	13,128	15,015	14,689	13,465	12,687	12,005	10,553	10,146	9,075	8,346	7,592	7,312	7,529	7,636	7,632	7,388	7,039	7,170	6,989	7,481
Accounts Payable	1,250	1,194	1,193	1,171	1,064	1,342	1,084	1,091	1,048	978	945	893	850	845	947	825	695	793	774	705
Accrued Expenses	2,471	2,589	2,519	2,442	2,471	2,347	2,275	2,223	2,228	2,440	2,108	2,053	2,025	2,093	2,020	1,951	1,882	1,841	1,751	1,707
Current Portion of Long-Term Debt	-	1,458	1,741	1,929	1,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned Revenue	750	711	692	665	675	683	680	657	634	622	599	536	524	520	522	489	469	458	440	439
Other Current Liabilities	217	133	94	105	101	78	67	88	56	50	49	64	60	58	69	69	77	134	110	118
Total Current Liabilities	4,688	6,085	6,239	6,312	5,965	4,450	4,106	4,059	3,966	4,090	3,701	3,546	3,459	3,516	3,558	3,334	3,123	3,226	3,075	2,969
Long-Term Debt	-	-	-	-	-	1,539	1,340	1,323	1,270	1,203	1,209	1,167	1,156	1,128	1,197	1,127	1,146	1,202	1,175	1,199
Long-Term Leases	414	433	444	453	448	462	446	472	493	493	520	522	546	555	608	592	587	579	582	576
Other Long-Term Liabilities	16	168	227	73	27	29	28	33	37	37	23	23	26	36	36	34	36	44	40	38
Total Long-Term Liabilities	430	601	671	526	475	2,030	1,814	1,828	1,800	1,733	1,752	1,712	1,728	1,719	1,841	1,753	1,769	1,825	1,797	1,813
Total Liabilities	5,118	6,686	6,910	6,838	6,440	6,480	5,920	5,887	5,766	5,823	5,453	5,258	5,187	5,235	5,399	5,087	4,892	5,051	4,872	4,782
Treasury Stock	-1,007	-701	-328	-262	-262	-262	-262	-262	-262	-262	-262	-262	-262	-262	-262	-262	-262	-260	-201	-171
Additional Paid-in Capital	6,560	6,496	6,459	6,420	6,328	6,124	5,825	5,637	5,397	5,155	4,931	4,899	4,864	4,789	4,789	4,789	4,789	4,746	4,681	4,656
Accumulated Other Comprehensive Income	2,581	3,366	3,654	3,374	3,000	2,707	2,481	2,595	2,159	1,812	1,582	1,594	1,615	1,521	1,085	988	709	853	922	1,501
Retained Earnings	-124	-832	-2,006	-2,905	-2,819	-3,044	-3,411	-3,711	-3,985	-4,182	-4,112	-4,177	-3,875	-3,647	-3,379	-3,214	-3,089	-3,220	-3,285	-3,287
Shareholders' Equity	8,010	8,329	7,779	6,627	6,247	5,525	4,633	4,259	3,309	2,523	2,139	2,054	2,342	2,401	2,233	2,301	2,147	2,119	2,117	2,699
Total Liabilities & Equity	13,128	15,015	14,689	13,465	12,687	12,005	10,553	10,146	9,075	8,346	7,592	7,312	7,529	7,636	7,632	7,388	7,039	7,170	6,989	7,481
Total Debt	414	1,891	2,185	2,382	2,102	2,001	1,786	1,795	1,763	1,696	1,729	1,689	1,702	1,683	1,805	1,719	1,733	1,781	1,757	1,775
Net Cash (Debt)	8,332	7,576	6,877	5,962	5,811	5,447	4,294	3,603	2,908	2,518	1,986	1,727	1,736	1,667	1,861	1,849	1,804	1,719	1,480	1,277
Net Cash Growth	43.38%	39.09%	60.15%	65.47%	99.83%	116.32%	116.21%	108.63%	67.51%	51.05%	6.72%	-6.60%	-3.77%	-3.02%	25.74%	44.79%	42.05%	46.92%	13.06%	8.96%
Net Cash Per Share	39.81	35.65	32.17	29.02	27.64	26.06	20.70	17.48	14.27	12.85	10.03	8.88	8.97	8.63	9.49	9.44	9.15	8.95	7.61	6.58
Book Value	8,010	8,329	7,779	6,627	6,247	5,525	4,633	4,259	3,309	2,523	2,139	2,054	2,342	2,401	2,233	2,301	2,147	2,119	2,117	2,699
Book Value Per Share	38.27	39.20	36.39	32.26	29.71	26.43	22.34	20.66	16.24	12.87	10.80	10.56	12.10	12.43	11.39	11.75	10.89	11.03	10.88	13.91
Tangible Book Value	6,870	7,205	6,668	5,516	5,048	4,276	3,447	3,024	2,074	1,302	861	801	1,072	1,106	819	1,064	1,060	1,136	1,157	1,753
Tangible Book Value Per Share	32.83	33.91	31.19	26.85	24.01	20.46	16.62	14.67	10.18	6.64	4.35	4.12	5.54	5.72	4.18	5.43	5.38	5.91	5.95	9.03

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q