SPOT
Spotify Technology S.A.
NYSE · LUCommunication ServicesInternet Content & Information
$492.32+2.97%
Price as of Jul 20, 2026
SPOT financials
Spotify Technology S.A. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $17.2B | $15.7B | $13.2B | $11.7B |
| Cost of revenue | $11.7B | $10.9B | $9.8B | $8.8B |
| Gross profit | $5.5B | $4.7B | $3.4B | $2.9B |
| Operating expenses | $3.3B | $3.4B | $3.8B | $3.6B |
| Operating income | $2.2B | $1.4B | -$446.0M | -$659.0M |
| Net income | $2.2B | $1.1B | -$532.0M | -$430.0M |
| EBITDA | $2.4B | $1.5B | -$309.0M | -$158.0M |
| Basic EPS | $10.77 | $5.67 | $-2.73 | $-2.23 |
| Diluted EPS | $10.51 | $5.50 | $-2.73 | $-2.93 |
| Balance sheet | ||||
| Cash & equivalents | $5.3B | $4.8B | $3.1B | $2.5B |
| Total assets | $15.0B | $12.0B | $8.4B | $7.6B |
| Total liabilities | $6.7B | $6.5B | $5.8B | $5.2B |
| Stockholders’ equity | $8.3B | $5.5B | $2.5B | $2.4B |
| Total debt | $2.3B | $2.0B | $1.7B | $1.7B |
| Net debt | -$2.9B | -$2.8B | -$1.4B | -$793.4M |
| Cash flow | ||||
| Operating cash flow | $2.9B | $2.3B | $680.0M | $46.0M |
| Capital expenditure | -$61.0M | -$17.0M | -$6.0M | -$25.0M |
| Free cash flow | $2.9B | $2.3B | $674.0M | $21.0M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | -$439.0M | -$135.0M | -$68.0M | -$2.0M |