Spotify Technology S.A. (SPOT)

Spotify Technology Income Statement

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

Fiscal Quarter	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	Q3 2021
Period Ending	Jun 30, 2026	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
Revenue	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	2,501
Revenue Growth (YoY)	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%	26.63%
Cost of Revenue	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	1,833
Gross Profit	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	668
Selling, General & Admin	538	449	508	460	499	438	515	444	467	447	468	484	560	487	617	592	562	427	468	385
Research & Development	403	331	290	309	415	379	376	342	379	389	274	369	453	435	415	386	336	250	253	208
Other Operating Expenses	-6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	935	780	798	769	914	817	891	786	846	836	742	853	1,013	922	1,032	978	898	677	721	593
Operating Income	655	715	701	582	406	509	491	454	266	168	243	32	-201	-156	-231	-228	-194	-6	-9	75
Interest Expense	-8	-7	-7	-8	-8	-8	-9	-9	-9	-9	-9	-9	-10	-10	-27	-11	-10	-10	-21	-10
Interest & Investment Income	77	54	58	60	83	67	64	61	71	46	41	34	30	26	22	15	7	3	3	3
Currency Exchange Gain (Loss)	-13	-18	-18	-9	-15	-58	59	-37	-	8	-43	14	-10	-13	-59	57	52	22	14	16
Other Non Operating Income (Expenses)	9	193	287	202	-418	-182	-92	-71	-58	-39	-45	2	-4	-53	4	23	55	146	3	78
EBT Excluding Unusual Items	720	937	1,021	827	48	328	513	398	270	174	187	73	-195	-206	-291	-144	-90	155	-10	162
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-195	-	-46	-	-	-	-	-	-	-
Asset Writedown	-	-	-	-	-	-	-14	-	-	-	-123	-	-	-	-	-	-	-	-	-
Other Unusual Items	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-
Pretax Income	720	937	1,021	827	48	328	499	398	270	174	-131	73	-241	-206	-291	-144	-90	155	-8	162
Income Tax Expense	175	216	-153	-72	134	103	132	98	-4	-23	-61	8	61	19	-21	22	35	24	31	160
Net Income	545	721	1,174	899	-86	225	367	300	274	197	-70	65	-302	-225	-270	-166	-125	131	-39	2
Net Income to Common	545	721	1,174	899	-86	225	367	300	274	197	-70	65	-302	-225	-270	-166	-125	131	-39	2
Net Income Growth (YoY)	-	220.44%	219.89%	199.67%	-	14.21%	-	361.54%	-	-	-	-	-	-	-	-	-	469.56%	-	-
Shares Outstanding (Basic)	206	206	206	206	205	204	203	202	200	198	196	195	194	194	193	193	193	192	192	191
Shares Outstanding (Diluted)	209	209	212	214	205	210	209	207	206	204	196	198	194	194	193	196	196	197	192	195
Shares Change (YoY)	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%	2.91%
EPS (Basic)	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	0.01
EPS (Diluted)	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	-0.41
EPS Growth (YoY)	-	222.43%	213.90%	126.46%	-	10.31%	-	339.39%	-	-	-	-	-	-	-	-	-	-	-	-

Additional Metrics

Fiscal Quarter	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	Q3 2021
Period Ending	Jun 30, 2026	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
Free Cash Flow	796	831	834	806	699	533	877	711	490	206	396	210	11	57	-75	35	34	27	103	98
Free Cash Flow Per Share	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	0.50
Gross Margin	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%	26.71%
Operating Margin	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%	3.00%
Profit Margin	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%	0.08%
Free Cash Flow Margin	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%	3.92%
EBITDA	669	728	714	596	432	536	508	484	296	199	266	68	-157	-112	-201	-184	-154	31	7	108
EBITDA Margin	14.01%	16.06%	15.76%	13.95%	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%	4.32%
D&A For EBITDA	14	13	13	14	26	27	17	30	30	31	23	36	44	44	30	44	40	37	16	33
EBIT	655	715	701	582	406	509	491	454	266	168	243	32	-201	-156	-231	-228	-194	-6	-9	75
EBIT Margin	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%	3.00%
Effective Tax Rate	24.31%	23.05%	-	-	279.17%	31.40%	26.45%	24.62%	-	-	-	10.96%	-	-	-	-	-	15.48%	-	98.77%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error