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
435.02
+0.82 (0.19%)
Pre-market: Apr 29, 2026, 8:41 AM EDT
Spotify Technology Cash Flow 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 |
Net Income | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 | 2 | -20 |
Depreciation & Amortization | 26 | 25 | 24 | 26 | 27 | 30 | 30 | 30 | 31 | 34 | 36 | 44 | 44 | 50 | 44 | 40 | 37 | 33 | 33 | 31 |
Stock-Based Compensation | 56 | 57 | 75 | 73 | 42 | 54 | 63 | 81 | 69 | 34 | 85 | 97 | 105 | 100 | 108 | 105 | 68 | 50 | 57 | 68 |
Other Adjustments | -4 | -472 | -311 | 501 | 286 | 138 | 154 | 5 | -25 | 32 | -34 | 177 | 64 | 42 | -59 | -58 | -133 | 35 | 71 | 35 |
Change in Receivables | 91 | -66 | -26 | -19 | -4 | 29 | -4 | 40 | 80 | -97 | -69 | -97 | 118 | -69 | -6 | -68 | 59 | -63 | -102 | -95 |
Changes in Accounts Payable | -94 | 70 | 100 | 201 | -90 | 240 | 86 | 28 | -171 | 419 | 62 | 77 | -57 | 74 | 117 | 138 | -103 | 92 | 82 | 30 |
Changes in Accrued Expenses | -3 | - | 2 | 8 | 12 | -1 | - | 4 | - | -2 | -2 | -2 | 1 | -2 | -12 | 14 | -3 | 8 | -2 | - |
Changes in Income Taxes Payable | -36 | -4 | -5 | -58 | -19 | -10 | -15 | -23 | -5 | -11 | -7 | -15 | -10 | -18 | -4 | -8 | -13 | -1 | -2 | -1 |
Changes in Unearned Revenue | 35 | 20 | 25 | 12 | 3 | -16 | 33 | 21 | 7 | 33 | 56 | 18 | 6 | 16 | 20 | 10 | 6 | 17 | -4 | 17 |
Changes in Other Operating Activities | 44 | 52 | 46 | 51 | 57 | 52 | 68 | 32 | 28 | 25 | 19 | 16 | 13 | 7 | -2 | -9 | -12 | -13 | -12 | -11 |
Operating Cash Flow | 836 | 856 | 829 | 709 | 539 | 883 | 715 | 492 | 211 | 397 | 211 | 13 | 59 | -70 | 40 | 39 | 37 | 119 | 123 | 54 |
Operating Cash Flow Growth | 55.10% | -3.06% | 15.94% | 44.11% | 155.45% | 122.42% | 238.86% | 3684.62% | 257.63% | - | 427.50% | -66.67% | 59.46% | - | -67.48% | -27.78% | -43.08% | 11.21% | 0.82% | 38.46% |
Capital Expenditures | -5 | -22 | -23 | -10 | -6 | -6 | -4 | -2 | -5 | -1 | -1 | -2 | -2 | -5 | -5 | -5 | -10 | -16 | -25 | -20 |
Purchases of Investments | -6,740 | -5,916 | -4,783 | -4,643 | -3,929 | -3,553 | -1,439 | -1,285 | -998 | -809 | -406 | -138 | -237 | -168 | -78 | -78 | -133 | -112 | -161 | -109 |
Proceeds from Sale of Investments | 7,484 | 5,318 | 4,369 | 4,228 | 3,630 | 2,361 | 1,364 | 1,179 | 900 | 802 | 201 | 265 | 111 | 71 | 78 | 141 | 78 | 232 | 63 | 134 |
Payments for Business Acquisitions | - | -9 | - | -2 | -7 | - | - | -3 | -7 | - | - | - | -7 | - | -107 | -114 | -85 | -14 | - | -42 |
Other Investing Activities | -7 | - | -1 | 23 | -2 | 0 | -3 | 19 | -4 | 3 | 3 | -12 | 13 | 1 | 3 | -1 | -6 | -3 | 2 | -2 |
Investing Cash Flow | 732 | -629 | -438 | -404 | -314 | -1,198 | -82 | -92 | -114 | -5 | -203 | 113 | -122 | -101 | -109 | -57 | -156 | 87 | -121 | -39 |
Long-Term Debt Repaid | -1,324 | -14 | -15 | -22 | -22 | -12 | -18 | -24 | -15 | -11 | -13 | -27 | -15 | -12 | -11 | -10 | -10 | -10 | -9 | -8 |
Net Long-Term Debt Issued (Repaid) | -1,324 | -14 | -15 | -22 | -22 | -12 | -18 | -24 | -15 | -11 | -13 | -27 | -15 | -12 | -11 | -10 | -10 | -10 | -9 | -8 |
Issuance of Common Stock | 64 | 37 | 39 | 92 | 204 | 299 | 152 | 240 | 242 | 224 | 32 | 35 | 75 | - | - | - | 43 | 64 | 57 | 26 |
Repurchase of Common Stock | -351 | -441 | -124 | -59 | -56 | -43 | -35 | -32 | -25 | -19 | -20 | -16 | -13 | -9 | -10 | -10 | -13 | -79 | -36 | -12 |
Net Common Stock Issued (Repurchased) | -287 | -404 | -85 | 33 | 148 | 256 | 117 | 208 | 217 | 205 | 12 | 19 | 62 | -9 | -10 | -10 | 30 | -15 | 21 | 14 |
Other Financing Activities | - | - | - | - | - | - | - | - | - | - | - | - | 2 | - | - | - | 2 | - | 7 | - |
Financing Cash Flow | -1,611 | -418 | -100 | 11 | 126 | 244 | 99 | 184 | 202 | 194 | -1 | -8 | 49 | -21 | -21 | -20 | 22 | -25 | 19 | 6 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 40 | -7 | 4 | -174 | -113 | 164 | -98 | 19 | 38 | -87 | 58 | -11 | -26 | -176 | 155 | 103 | 74 | 51 | 51 | -23 |
Net Cash Flow | -43 | -191 | 291 | 316 | 351 | -71 | 732 | 584 | 299 | 586 | 7 | 118 | -14 | -192 | -90 | -38 | -97 | 181 | 21 | 21 |
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% |
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% |
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 |
Levered Free Cash Flow | -636 | 1,301 | 1,053 | 122 | 187 | 644 | 480 | 340 | 67 | 416 | 215 | -193 | -245 | -160 | -19 | 45 | 23 | 71 | 63 | 18 |
Unlevered Free Cash Flow | 517.18 | 947.05 | 801.67 | -497.42 | 333.16 | 639.82 | 540.21 | 359.94 | 75.21 | 456.92 | 191.49 | -173.52 | -175.39 | -92.33 | -104.83 | -89.44 | -103.07 | 85.88 | 70.93 | 16 |
Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.