Spotify Technology S.A. (LON:0SPT)
467.40
+4.10 (0.88%)
At close: Mar 5, 2026
Spotify Technology Income Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2020 - 2016 |
| Revenue | 17,186 | 15,673 | 13,247 | 11,727 | 9,668 | Upgrade
|
| Revenue Growth (YoY) | 9.65% | 18.31% | 12.96% | 21.30% | 22.69% | Upgrade
|
| Cost of Revenue | 11,690 | 10,935 | 9,800 | 8,801 | 7,077 | Upgrade
|
| Gross Profit | 5,496 | 4,738 | 3,447 | 2,926 | 2,591 | Upgrade
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| Selling, General & Admin | 1,905 | 1,873 | 2,040 | 2,198 | 1,585 | Upgrade
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| Research & Development | 1,393 | 1,486 | 1,606 | 1,387 | 912 | Upgrade
|
| Operating Expenses | 3,298 | 3,359 | 3,646 | 3,585 | 2,497 | Upgrade
|
| Operating Income | 2,198 | 1,379 | -199 | -659 | 94 | Upgrade
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| Interest Expense | -31 | -36 | -38 | -41 | -69 | Upgrade
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| Interest & Investment Income | 268 | 242 | 131 | 47 | 11 | Upgrade
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| Currency Exchange Gain (Loss) | -100 | 30 | -52 | 72 | 47 | Upgrade
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| Other Non Operating Income (Expenses) | -111 | -260 | -100 | 211 | 166 | Upgrade
|
| EBT Excluding Unusual Items | 2,224 | 1,355 | -258 | -370 | 249 | Upgrade
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| Merger & Restructuring Charges | - | - | -241 | - | - | Upgrade
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| Asset Writedown | - | -14 | -6 | - | - | Upgrade
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| Pretax Income | 2,224 | 1,341 | -505 | -370 | 249 | Upgrade
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| Income Tax Expense | 12 | 203 | 27 | 60 | 283 | Upgrade
|
| Net Income | 2,212 | 1,138 | -532 | -430 | -34 | Upgrade
|
| Net Income to Common | 2,212 | 1,138 | -532 | -430 | -34 | Upgrade
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| Net Income Growth | 94.38% | - | - | - | - | Upgrade
|
| Shares Outstanding (Basic) | 205 | 201 | 195 | 193 | 191 | Upgrade
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| Shares Outstanding (Diluted) | 211 | 207 | 195 | 196 | 194 | Upgrade
|
| Shares Change (YoY) | 1.70% | 6.30% | -0.57% | 0.98% | 3.39% | Upgrade
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| EPS (Basic) | 10.77 | 5.67 | -2.73 | -2.23 | -0.18 | Upgrade
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| EPS (Diluted) | 10.51 | 5.50 | -2.73 | -2.93 | -1.03 | Upgrade
|
| EPS Growth | 91.09% | - | - | - | - | Upgrade
|
| Free Cash Flow | 2,872 | 2,284 | 674 | 21 | 276 | Upgrade
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| Free Cash Flow Per Share | 13.64 | 11.03 | 3.46 | 0.11 | 1.42 | Upgrade
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| Gross Margin | 31.98% | 30.23% | 26.02% | 24.95% | 26.80% | Upgrade
|
| Operating Margin | 12.79% | 8.80% | -1.50% | -5.62% | 0.97% | Upgrade
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| Profit Margin | 12.87% | 7.26% | -4.02% | -3.67% | -0.35% | Upgrade
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| Free Cash Flow Margin | 16.71% | 14.57% | 5.09% | 0.18% | 2.85% | Upgrade
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| EBITDA | 2,254 | 1,448 | -41 | -488 | 221 | Upgrade
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| EBITDA Margin | 13.11% | 9.24% | -0.31% | -4.16% | 2.29% | Upgrade
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| D&A For EBITDA | 56 | 69 | 158 | 171 | 127 | Upgrade
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| EBIT | 2,198 | 1,379 | -199 | -659 | 94 | Upgrade
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| EBIT Margin | 12.79% | 8.80% | -1.50% | -5.62% | 0.97% | Upgrade
|
| Effective Tax Rate | 0.54% | 15.14% | - | - | 113.66% | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.