20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Spotify Technology SA (SPOT) operates in the INTERNET CONTENT & INFORMATION industry and is headquartered in Stockholm, Sweden with about 7,258 employees. Its market capitalization is roughly $99 billion. In the fiscal year ended 2025-12-31, SPOT reported $17.2B in revenue and $2.2B in net income.
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported.
Interactive charts & full statements → Open the SPOT valuation workbench →
| Income statement | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $17.5B | $17.2B | $15.7B | $13.2B | $11.7B | $9.7B | $7.9B | $6.8B | $5.3B | $4.1B | $3.0B | $1.9B |
| Gross Profit | $5.7B | $5.5B | $4.7B | $3.4B | $2.9B | $2.6B | $2.0B | $1.7B | $1.4B | $849M | $401M | $226M |
| Gross Margin % | 32.3% | 32.0% | 30.1% | 25.6% | 24.9% | 26.8% | 25.6% | 25.5% | 25.7% | 20.8% | 13.6% | 11.7% |
| Operating Income (EBIT) | $2.4B | $2.2B | $1.4B | ($446M) | ($659M) | $94M | ($293M) | ($73M) | ($43M) | ($378M) | ($349M) | ($235M) |
| Operating Margin % | 13.7% | 12.8% | 8.7% | -3.4% | -5.6% | 1.0% | -3.7% | -1.1% | -0.8% | -9.2% | -11.8% | -12.1% |
| Net Income | $2.7B | $2.2B | $1.1B | ($532M) | ($430M) | ($34M) | ($581M) | ($186M) | ($78M) | ($1.2B) | ($539M) | ($230M) |
| Net Margin % | 15.4% | 12.9% | 7.3% | -4.0% | -3.7% | -0.4% | -7.4% | -2.8% | -1.5% | -30.2% | -18.3% | -11.9% |
| EBITDA | $3.0B | $2.4B | $1.5B | ($309M) | ($158M) | $416M | ($544M) | ($1M) | ($135M) | ($1.2B) | ($492M) | ($194M) |
| Earnings Per Share (EPS) | $12.76 | $10.51 | $5.50 | $-2.73 | $-2.20 | $-0.18 | $-3.10 | $-1.03 | $-0.43 | $-6.93 | $-3.21 | $-1.37 |
| Shares Outstanding (M) | 209M | 211M | 207M | 195M | 196M | 194M | 188M | 181M | 181M | 178M | 168M | 168M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.5B | $4.5B | $4.3B | $4.2B | $4.2B | $4.2B | $4.0B | $3.8B |
| Gross Profit | $1.5B | $1.5B | $1.4B | $1.3B | $1.3B | $1.4B | $1.2B | $1.1B |
| Gross Margin % | 33.0% | 33.1% | 31.6% | 31.5% | 31.6% | 32.2% | 31.1% | 29.2% |
| Operating Income (EBIT) | $715M | $701M | $582M | $406M | $509M | $477M | $454M | $266M |
| Operating Margin % | 15.8% | 15.5% | 13.6% | 9.7% | 12.2% | 11.2% | 11.4% | 7.0% |
| Net Income | $721M | $1.2B | $899M | ($86M) | $225M | $367M | $300M | $274M |
| Net Margin % | 15.9% | 25.9% | 21.0% | -2.1% | 5.4% | 8.6% | 7.5% | 7.2% |
| EBITDA | $970M | $1.1B | $859M | $82M | $363M | $538M | $437M | $309M |
| Earnings Per Share (EPS) | $3.45 | $5.52 | $4.21 | $-0.42 | $1.07 | $1.76 | $1.45 | $1.33 |
| Shares Outstanding (M) | 209M | 212M | 214M | 205M | 210M | 209M | 207M | 206M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $3.2B | $2.9B | $2.3B | $680M | $46M | $361M | $259M | $573M | $344M | $179M | $101M | ($38M) |
| Capital Expenditures (CapEx) | $60M | $61M | $17M | $6M | $25M | $85M | $78M | $135M | $125M | $46M | $27M | $49M |
| Free Cash Flow (FCF) | $3.2B | $2.9B | $2.3B | $674M | $21M | $276M | $181M | $438M | $219M | $133M | $74M | ($87M) |
| FCF Margin % | 18.2% | 16.7% | 14.6% | 5.1% | 0.2% | 2.9% | 2.3% | 6.5% | 4.2% | 3.2% | 2.5% | -4.5% |
| Dividends Paid | — | — | — | — | $42M | $206M | $30M | $242M | $0M | $0M | $0M | $0M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $850M | $856M | $829M | $709M | $539M | $883M | $715M | $492M |
| Capital Expenditures (CapEx) | $5M | $22M | $23M | $10M | $6M | $6M | $4M | $2M |
| Free Cash Flow (FCF) | $845M | $834M | $806M | $699M | $533M | $877M | $711M | $490M |
| FCF Margin % | 18.6% | 18.4% | 18.9% | 16.7% | 12.7% | 20.7% | 17.8% | 12.9% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.1B | $15.0B | $12.0B | $8.4B | $7.6B | $7.2B | $6.3B | $5.1B | $4.3B | $3.1B | $2.1B | $1.1B |
| Cash & Cash Equivalents | $5.3B | $5.3B | $4.8B | $3.1B | $2.5B | $2.7B | $1.2B | $1.1B | $891M | $477M | $759M | $597M |
| Total Liabilities | $5.1B | $6.7B | $6.5B | $5.8B | $5.2B | $5.1B | $3.5B | $3.1B | $2.2B | $1.9B | $2.4B | $822M |
| Total Debt (Short + Long-Term) | $62M | $1.5B | $1.5B | $4.0B | $1.1B | $3.1B | $1.8B | $1.5B | $123M | $945M | $1.1B | $510M |
| Total Shareholders' Equity | $8.0B | $8.3B | $5.5B | $2.5B | $2.4B | $2.1B | $2.8B | $2.0B | $2.1B | $1.2B | ($241M) | $229M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SPOT viewer.
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