Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
588.21
+30.97 (5.56%)
Oct 30, 2026, 2:58 PM EDT - Market open
Spotify Technology Income Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
| 4,969 | 4,777 | 4,533 | 4,531 | 4,272 | 4,193 | 4,190 | 4,242 | 3,988 | 3,807 | 3,636 | 3,671 | 3,357 | 3,177 | 3,042 | 3,166 | 3,036 | 2,864 | 2,661 | 2,689 | |
Revenue Growth (YoY) | 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% |
Cost of Revenue | 3,330 | 3,187 | 3,038 | 3,032 | 2,921 | 2,873 | 2,864 | 2,860 | 2,748 | 2,695 | 2,632 | 2,686 | 2,472 | 2,365 | 2,276 | 2,365 | 2,286 | 2,160 | 1,990 | 1,977 |
Gross Profit | 1,639 | 1,590 | 1,495 | 1,499 | 1,351 | 1,320 | 1,326 | 1,382 | 1,240 | 1,112 | 1,004 | 985 | 885 | 812 | 766 | 801 | 750 | 704 | 671 | 712 |
Selling, General & Admin | 550 | 538 | 449 | 508 | 460 | 499 | 438 | 515 | 444 | 467 | 447 | 468 | 484 | 560 | 487 | 617 | 592 | 562 | 427 | 468 |
Research & Development | 417 | 403 | 331 | 290 | 309 | 415 | 379 | 376 | 342 | 379 | 389 | 274 | 369 | 453 | 435 | 415 | 386 | 336 | 250 | 253 |
Other Operating Expenses | - | -6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses | 967 | 935 | 780 | 798 | 769 | 914 | 817 | 891 | 786 | 846 | 836 | 742 | 853 | 1,013 | 922 | 1,032 | 978 | 898 | 677 | 721 |
Operating Income | 672 | 655 | 715 | 701 | 582 | 406 | 509 | 491 | 454 | 266 | 168 | 243 | 32 | -201 | -156 | -231 | -228 | -194 | -6 | -9 |
Interest Expense | -5 | -8 | -7 | -7 | -8 | -8 | -8 | -9 | -9 | -9 | -9 | -9 | -9 | -10 | -10 | -27 | -11 | -10 | -10 | -21 |
Interest & Investment Income | 58 | 77 | 54 | 58 | 60 | 83 | 67 | 64 | 61 | 71 | 46 | 41 | 34 | 30 | 26 | 22 | 15 | 7 | 3 | 3 |
Currency Exchange Gain (Loss) | -22 | -13 | -18 | -18 | -9 | -15 | -58 | 59 | -37 | - | 8 | -43 | 14 | -10 | -13 | -59 | 57 | 52 | 22 | 14 |
Other Non Operating Income (Expenses) | 2 | 9 | 193 | 287 | 202 | -418 | -182 | -92 | -71 | -58 | -39 | -45 | 2 | -4 | -53 | 4 | 23 | 55 | 146 | 3 |
EBT Excluding Unusual Items | 705 | 720 | 937 | 1,021 | 827 | 48 | 328 | 513 | 398 | 270 | 174 | 187 | 73 | -195 | -206 | -291 | -144 | -90 | 155 | -10 |
Merger & Restructuring Charges | - | - | - | - | - | - | - | - | - | - | - | -195 | - | -46 | - | - | - | - | - | - |
Asset Writedown | - | - | - | - | - | - | - | -14 | - | - | - | -123 | - | - | - | - | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 |
Pretax Income | 705 | 720 | 937 | 1,021 | 827 | 48 | 328 | 499 | 398 | 270 | 174 | -131 | 73 | -241 | -206 | -291 | -144 | -90 | 155 | -8 |
Income Tax Expense | 187 | 175 | 216 | -153 | -72 | 134 | 103 | 132 | 98 | -4 | -23 | -61 | 8 | 61 | 19 | -21 | 22 | 35 | 24 | 31 |
Net Income | 518 | 545 | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 |
Net Income to Common | 518 | 545 | 721 | 1,174 | 899 | -86 | 225 | 367 | 300 | 274 | 197 | -70 | 65 | -302 | -225 | -270 | -166 | -125 | 131 | -39 |
Net Income Growth (YoY) | -42.38% | - | 220.44% | 219.89% | 199.67% | - | 14.21% | - | 361.54% | - | - | - | - | - | - | - | - | - | 469.56% | - |
Shares Outstanding (Basic) | 206 | 206 | 206 | 206 | 206 | 205 | 204 | 203 | 202 | 200 | 198 | 196 | 195 | 194 | 194 | 193 | 193 | 193 | 192 | 192 |
Shares Outstanding (Diluted) | 209 | 209 | 209 | 212 | 214 | 205 | 210 | 209 | 207 | 206 | 204 | 196 | 198 | 194 | 194 | 193 | 196 | 196 | 197 | 192 |
Shares Change (YoY) | -2.44% | 1.67% | -0.46% | 1.67% | 3.08% | -0.34% | 3.17% | 6.62% | 4.74% | 6.02% | 5.27% | 1.45% | 1.03% | -0.73% | -1.78% | 0.56% | 0.74% | 0.92% | 2.74% | 1.21% |
EPS (Basic) | 2.52 | 2.65 | 3.50 | 5.71 | 4.36 | -0.42 | 1.10 | 1.81 | 1.49 | 1.37 | 0.99 | -0.36 | 0.33 | -1.55 | -1.16 | -1.40 | -0.86 | -0.65 | 0.68 | -0.20 |
EPS (Diluted) | 2.48 | 2.61 | 3.45 | 5.52 | 3.28 | -0.42 | 1.07 | 1.76 | 1.45 | 1.33 | 0.97 | -0.36 | 0.33 | -1.55 | -1.16 | -1.40 | -0.99 | -0.85 | 0.21 | -0.20 |
EPS Growth (YoY) | -24.47% | - | 222.43% | 213.90% | 126.46% | - | 10.31% | - | 339.39% | - | - | - | - | - | - | - | - | - | - | - |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 734 | 796 | 831 | 834 | 806 | 699 | 533 | 877 | 711 | 490 | 206 | 396 | 210 | 11 | 57 | -75 | 35 | 34 | 27 | 103 |
Free Cash Flow Per Share | 3.52 | 3.81 | 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 |
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% |
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% |
Free Cash Flow 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% |
EBITDA | 690 | 669 | 728 | 714 | 606 | 432 | 536 | 508 | 484 | 296 | 199 | 266 | 68 | -157 | -112 | -201 | -184 | -154 | 31 | 7 |
EBITDA Margin | 13.89% | 14.01% | 16.06% | 15.76% | 14.19% | 10.30% | 12.79% | 11.97% | 12.14% | 7.78% | 5.47% | 7.25% | 2.03% | -4.94% | -3.68% | -6.35% | -6.06% | -5.38% | 1.17% | 0.26% |
D&A For EBITDA | 18 | 14 | 13 | 13 | 24 | 26 | 27 | 17 | 30 | 30 | 31 | 23 | 36 | 44 | 44 | 30 | 44 | 40 | 37 | 16 |
EBIT | 672 | 655 | 715 | 701 | 582 | 406 | 509 | 491 | 454 | 266 | 168 | 243 | 32 | -201 | -156 | -231 | -228 | -194 | -6 | -9 |
EBIT 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% |
Effective Tax Rate | 26.52% | 24.31% | 23.05% | - | - | 279.17% | 31.40% | 26.45% | 24.62% | - | - | - | 10.96% | - | - | - | - | - | 15.48% | - |