Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

593.44

+36.20 (6.50%)

At close: Oct 30, 2026, 4:00 PM EDT

594.00

+0.56 (0.09%)

After-hours: Oct 30, 2026, 7:58 PM 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	Sep '26 Sep 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	18,810	17,186	15,673	13,247	11,727	9,668
Revenue Growth	11.32%	9.65%	18.31%	12.96%	21.30%	22.69%
Cost of Revenue	12,581	11,690	10,935	9,800	8,801	7,077
Gross Profit	6,229	5,496	4,738	3,447	2,926	2,591
Selling, General & Admin	2,045	1,905	1,873	2,040	2,198	1,585
Research & Development	1,441	1,393	1,486	1,606	1,387	912
Operating Expenses	3,486	3,298	3,359	3,646	3,585	2,497
Operating Income	2,743	2,198	1,379	-199	-659	94
Interest Expense	-27	-31	-36	-38	-41	-69
Interest & Investment Income	247	268	242	131	47	11
Currency Exchange Gain (Loss)	-71	-100	30	-52	72	47
Other Non Operating Income (Expenses)	491	-111	-260	-100	211	166
EBT Excluding Unusual Items	3,383	2,224	1,355	-258	-370	249
Merger & Restructuring Charges	-	-	-	-241	-	-
Asset Writedown	-	-	-14	-6	-	-
Pretax Income	3,383	2,224	1,341	-505	-370	249
Income Tax Expense	425	12	203	27	60	283
Net Income	2,958	2,212	1,138	-532	-430	-34
Net Income to Common	2,958	2,212	1,138	-532	-430	-34
Net Income Growth	110.53%	94.38%	-	-	-	-
Shares Outstanding (Basic)	206	205	201	195	193	191
Shares Outstanding (Diluted)	209	211	207	195	196	194
Shares Change	-0.58%	1.70%	6.30%	-0.57%	0.98%	3.39%
EPS (Basic)	14.38	10.77	5.67	-2.73	-2.23	-0.18
EPS (Diluted)	14.14	10.51	5.50	-2.73	-2.93	-1.03
EPS Growth	111.58%	91.09%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	3,195	2,872	2,284	674	21	276
Free Cash Flow Per Share	15.27	13.64	11.03	3.46	0.11	1.42
Gross Margin	33.12%	31.98%	30.23%	26.02%	24.95%	26.80%
Operating Margin	14.58%	12.79%	8.80%	-1.50%	-5.62%	0.97%
Profit Margin	15.73%	12.87%	7.26%	-4.02%	-3.67%	-0.35%
Free Cash Flow Margin	16.99%	16.71%	14.57%	5.09%	0.18%	2.85%
EBITDA	2,767	2,254	1,448	-41	-488	221
EBITDA Margin	14.71%	13.11%	9.24%	-0.31%	-4.16%	2.29%
D&A For EBITDA	24	56	69	158	171	127
EBIT	2,743	2,198	1,379	-199	-659	94
EBIT Margin	14.58%	12.79%	8.80%	-1.50%	-5.62%	0.97%
Effective Tax Rate	12.56%	0.54%	15.14%	-	-	113.66%

SEC Filings: 10-K · 10-Q