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 7,000 employees. Its market capitalization is roughly $105 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 → 2026-06-30 | 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 | €18.1B | €17.2B | €15.7B | €13.2B | €11.7B | €9.7B | €7.9B | €6.8B | €5.3B | €4.1B | €3.0B | €1.9B |
| Gross Profit | €5.9B | €5.5B | €4.7B | €3.4B | €2.9B | €2.6B | €2.0B | €1.7B | €1.4B | €849M | €401M | €226M |
| Gross Margin % | 32.8% | 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) | €2.7B | €2.2B | €1.4B | (€446M) | (€659M) | €94M | (€293M) | (€73M) | (€43M) | (€378M) | (€349M) | (€235M) |
| Operating Margin % | 14.6% | 12.8% | 8.7% | -3.4% | -5.6% | 1.0% | -3.7% | -1.1% | -0.8% | -9.2% | -11.8% | -12.1% |
| Net Income | €3.3B | €2.2B | €1.1B | (€532M) | (€430M) | (€34M) | (€581M) | (€186M) | (€78M) | (€1.2B) | (€539M) | (€230M) |
| Net Margin % | 18.4% | 12.9% | 7.3% | -4.0% | -3.7% | -0.4% | -7.4% | -2.8% | -1.5% | -30.2% | -18.3% | -11.9% |
| EBITDA | — | €2.4B | €1.5B | (€309M) | (€158M) | €416M | (€544M) | (€1M) | (€135M) | (€1.2B) | (€492M) | (€194M) |
| Earnings Per Share (EPS) | €15.79 | €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) | — | 211M | 207M | 195M | 196M | 194M | 188M | 181M | 181M | 178M | 168M | 168M |
EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 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 | €4.8B | €4.5B | €4.5B | €4.3B | €4.2B | €4.2B | €4.2B | €4.0B | €3.8B |
| Gross Profit | €1.6B | €1.5B | €1.5B | €1.4B | €1.3B | €1.3B | €1.4B | €1.2B | €1.1B |
| Gross Margin % | 33.4% | 33.0% | 33.1% | 31.6% | 31.5% | 31.6% | 32.2% | 31.1% | 29.2% |
| Operating Income (EBIT) | €655M | €715M | €701M | €582M | €406M | €509M | €477M | €454M | €266M |
| Operating Margin % | 13.7% | 15.8% | 15.5% | 13.6% | 9.7% | 12.2% | 11.2% | 11.4% | 7.0% |
| Net Income | €545M | €721M | €1.2B | €899M | (€86M) | €225M | €367M | €300M | €274M |
| Net Margin % | 11.4% | 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) | €2.61 | €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 |
EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 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) | €3.4B | €2.9B | €2.3B | €680M | €46M | €361M | €259M | €573M | €344M | €179M | €101M | (€38M) |
| Capital Expenditures (CapEx) | €70M | €61M | €17M | €6M | €25M | €85M | €78M | €135M | €125M | €46M | €27M | €49M |
| Free Cash Flow (FCF) | €3.3B | €2.9B | €2.3B | €674M | €21M | €276M | €181M | €438M | €219M | €133M | €74M | (€87M) |
| FCF Margin % | 18.1% | 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 |
EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 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) | €816M | €850M | €856M | €829M | €709M | €539M | €883M | €715M | €492M |
| Capital Expenditures (CapEx) | €20M | €5M | €22M | €23M | €10M | €6M | €6M | €4M | €2M |
| Free Cash Flow (FCF) | €796M | €845M | €834M | €806M | €699M | €533M | €877M | €711M | €490M |
| FCF Margin % | 16.7% | 18.6% | 18.4% | 18.9% | 16.7% | 12.7% | 20.7% | 17.8% | 12.9% |
EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 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 | €13.7B | €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 | €5.9B | €5.3B | €4.8B | €3.1B | €2.5B | €2.7B | €1.2B | €1.1B | €891M | €477M | €759M | €597M |
| Total Liabilities | €5.4B | €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) | — | €1.5B | €1.5B | €4.0B | €1.1B | €3.1B | €1.8B | €1.5B | €123M | €945M | €1.1B | €510M |
| Total Shareholders' Equity | €8.4B | €8.3B | €5.5B | €2.5B | €2.4B | €2.1B | €2.8B | €2.0B | €2.1B | €1.2B | (€241M) | €229M |
EUR; €M / €B as marked (reporting currency). 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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