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

547.99

+0.48 (0.09%)

Pre-market: Aug 31, 2026, 6:21 AM EDT

Spotify Technology Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	18,113	17,186	15,673	13,247	11,727	9,668
Revenue Growth	9.03%	9.65%	18.31%	12.96%	21.30%	22.69%
Cost of Revenue	12,178	11,690	10,935	9,800	8,801	7,077
Gross Profit	5,935	5,496	4,738	3,447	2,926	2,591
Selling, General & Admin	1,955	1,905	1,873	2,040	2,198	1,585
Research & Development	1,333	1,393	1,486	1,606	1,387	912
Operating Expenses	3,282	3,298	3,359	3,646	3,585	2,497
Operating Income	2,653	2,198	1,379	-199	-659	94
Interest Expense	-30	-31	-36	-38	-41	-69
Interest & Investment Income	249	268	242	131	47	11
Currency Exchange Gain (Loss)	-58	-100	30	-52	72	47
Other Non Operating Income (Expenses)	691	-111	-260	-100	211	166
EBT Excluding Unusual Items	3,505	2,224	1,355	-258	-370	249
Merger & Restructuring Charges	-	-	-	-241	-	-
Asset Writedown	-	-	-14	-6	-	-
Pretax Income	3,505	2,224	1,341	-505	-370	249
Income Tax Expense	166	12	203	27	60	283
Net Income	3,339	2,212	1,138	-532	-430	-34
Net Income to Common	3,339	2,212	1,138	-532	-430	-34
Net Income Growth	314.27%	94.38%	-	-	-	-
Shares Outstanding (Basic)	206	205	201	195	193	191
Shares Outstanding (Diluted)	210	211	207	195	196	194
Shares Change	0.07%	1.70%	6.30%	-0.57%	0.98%	3.39%
EPS (Basic)	16.22	10.77	5.67	-2.73	-2.23	-0.18
EPS (Diluted)	15.92	10.51	5.50	-2.73	-2.93	-1.03
EPS Growth	314.39%	91.09%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	3,267	2,872	2,284	674	21	276
Free Cash Flow Per Share	15.57	13.64	11.03	3.46	0.11	1.42
Gross Margin	32.77%	31.98%	30.23%	26.02%	24.95%	26.80%
Operating Margin	14.65%	12.79%	8.80%	-1.50%	-5.62%	0.97%
Profit Margin	18.43%	12.87%	7.26%	-4.02%	-3.67%	-0.35%
Free Cash Flow Margin	18.04%	16.71%	14.57%	5.09%	0.18%	2.85%
EBITDA	2,683	2,254	1,448	-41	-488	221
EBITDA Margin	14.81%	13.11%	9.24%	-0.31%	-4.16%	2.29%
D&A For EBITDA	30	56	69	158	171	127
EBIT	2,653	2,198	1,379	-199	-659	94
EBIT Margin	14.65%	12.79%	8.80%	-1.50%	-5.62%	0.97%
Effective Tax Rate	4.74%	0.54%	15.14%	-	-	113.66%

SEC Filings: 10-K · 10-Q