Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
434.20
-61.62 (-12.43%)
At close: Apr 28, 2026, 4:00 PM EDT
434.77
+0.57 (0.13%)
After-hours: Apr 28, 2026, 4:16 PM EDT
Spotify Technology Income Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 | 17,529 | 17,186 | 15,673 | 13,247 | 11,727 | 9,668 | Upgrade
|
| Revenue Growth (YoY) | 8.02% | 9.65% | 18.31% | 12.96% | 21.30% | 22.69% | Upgrade
|
| Cost of Revenue | 11,864 | 11,690 | 10,935 | 9,800 | 8,801 | 7,077 | Upgrade
|
| Gross Profit | 5,665 | 5,496 | 4,738 | 3,447 | 2,926 | 2,591 | Upgrade
|
| Selling, General & Admin | 1,916 | 1,905 | 1,873 | 2,040 | 2,198 | 1,585 | Upgrade
|
| Research & Development | 1,345 | 1,393 | 1,486 | 1,606 | 1,387 | 912 | Upgrade
|
| Operating Expenses | 3,261 | 3,298 | 3,359 | 3,646 | 3,585 | 2,497 | Upgrade
|
| Operating Income | 2,404 | 2,198 | 1,379 | -199 | -659 | 94 | Upgrade
|
| Interest Expense | - | -31 | -36 | -38 | -41 | -69 | Upgrade
|
| Interest & Investment Income | 640 | 268 | 242 | 131 | 47 | 11 | Upgrade
|
| Currency Exchange Gain (Loss) | -100 | -100 | 30 | -52 | 72 | 47 | Upgrade
|
| Other Non Operating Income (Expenses) | -111 | -111 | -260 | -100 | 211 | 166 | Upgrade
|
| EBT Excluding Unusual Items | 2,833 | 2,224 | 1,355 | -258 | -370 | 249 | Upgrade
|
| Merger & Restructuring Charges | - | - | - | -241 | - | - | Upgrade
|
| Asset Writedown | - | - | -14 | -6 | - | - | Upgrade
|
| Pretax Income | 2,833 | 2,224 | 1,341 | -505 | -370 | 249 | Upgrade
|
| Income Tax Expense | 125 | 12 | 203 | 27 | 60 | 283 | Upgrade
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| Net Income | 2,708 | 2,212 | 1,138 | -532 | -430 | -34 | Upgrade
|
| Net Income to Common | 2,708 | 2,212 | 1,138 | -532 | -430 | -34 | Upgrade
|
| Net Income Growth | 132.25% | 94.38% | - | - | - | - | Upgrade
|
| Shares Outstanding (Basic) | 206 | 205 | 201 | 195 | 193 | 191 | Upgrade
|
| Shares Outstanding (Diluted) | 210 | 211 | 207 | 195 | 196 | 194 | Upgrade
|
| Shares Change (YoY) | 0.80% | 1.70% | 6.30% | -0.57% | 0.98% | 3.39% | Upgrade
|
| EPS (Basic) | 13.16 | 10.77 | 5.67 | -2.73 | -2.23 | -0.18 | Upgrade
|
| EPS (Diluted) | 12.89 | 10.51 | 5.50 | -2.73 | -2.93 | -1.03 | Upgrade
|
| EPS Growth | 130.59% | 91.09% | - | - | - | - | Upgrade
|
| Free Cash Flow | 3,170 | 2,872 | 2,284 | 674 | 21 | 276 | Upgrade
|
| Free Cash Flow Per Share | 15.08 | 13.64 | 11.03 | 3.46 | 0.11 | 1.42 | Upgrade
|
| Gross Margin | 32.32% | 31.98% | 30.23% | 26.02% | 24.95% | 26.80% | Upgrade
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| Operating Margin | 13.71% | 12.79% | 8.80% | -1.50% | -5.62% | 0.97% | Upgrade
|
| Profit Margin | 15.45% | 12.87% | 7.26% | -4.02% | -3.67% | -0.35% | Upgrade
|
| Free Cash Flow Margin | 18.08% | 16.71% | 14.57% | 5.09% | 0.18% | 2.85% | Upgrade
|
| EBITDA | 2,459 | 2,254 | 1,448 | -41 | -488 | 221 | Upgrade
|
| EBITDA Margin | 14.03% | 13.11% | 9.24% | -0.31% | -4.16% | 2.29% | Upgrade
|
| D&A For EBITDA | 55 | 56 | 69 | 158 | 171 | 127 | Upgrade
|
| EBIT | 2,404 | 2,198 | 1,379 | -199 | -659 | 94 | Upgrade
|
| EBIT Margin | 13.71% | 12.79% | 8.80% | -1.50% | -5.62% | 0.97% | Upgrade
|
| Effective Tax Rate | 4.41% | 0.54% | 15.14% | - | - | 113.66% | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.