Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

564.93

+3.96 (0.71%)

At close: Dec 5, 2025, 4:00 PM EST

564.65

-0.28 (-0.05%)

After-hours: Dec 5, 2025, 7:55 PM EST

Spotify Technology Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	16,897	15,673	13,247	11,727	9,668	7,880	Upgrade
Revenue Growth (YoY)	11.89%	18.31%	12.96%	21.30%	22.69%	16.50%	Upgrade
Cost of Revenue	11,515	10,932	9,799	8,801	7,077	5,865	Upgrade
Gross Profit	5,382	4,741	3,448	2,926	2,591	2,015	Upgrade
Selling, General & Admin	1,895	1,856	1,999	2,198	1,585	1,471	Upgrade
Research & Development	1,470	1,477	1,531	1,387	912	837	Upgrade
Operating Expenses	3,365	3,333	3,530	3,585	2,497	2,308	Upgrade
Operating Income	2,017	1,408	-82	-659	94	-293	Upgrade
Interest Expense	-33	-36	-38	-41	-69	-54	Upgrade
Interest & Investment Income	274	242	131	47	11	17	Upgrade
Currency Exchange Gain (Loss)	-23	30	-52	72	47	-129	Upgrade
Other Non Operating Income (Expenses)	-490	-260	-100	211	166	-250	Upgrade
EBT Excluding Unusual Items	1,745	1,384	-141	-370	249	-709	Upgrade
Merger & Restructuring Charges	-	-	-241	-	-	-	Upgrade
Asset Writedown	-43	-43	-123	-	-	-	Upgrade
Pretax Income	1,702	1,341	-505	-370	249	-709	Upgrade
Income Tax Expense	297	203	27	60	283	-128	Upgrade
Earnings From Continuing Operations	-	1,138	-532	-430	-34	-581	Upgrade
Net Income to Company	-	1,138	-532	-430	-34	-581	Upgrade
Net Income	1,405	1,138	-532	-430	-34	-581	Upgrade
Net Income to Common	1,405	1,138	-532	-430	-34	-581	Upgrade
Shares Outstanding (Basic)	205	201	195	193	191	188	Upgrade
Shares Outstanding (Diluted)	210	207	195	196	194	188	Upgrade
Shares Change (YoY)	3.39%	6.30%	-0.57%	0.98%	3.39%	3.66%	Upgrade
EPS (Basic)	6.86	5.67	-2.73	-2.23	-0.18	-3.10	Upgrade
EPS (Diluted)	6.68	5.50	-2.73	-2.93	-1.03	-3.10	Upgrade
Free Cash Flow	2,915	2,284	674	21	276	181	Upgrade
Free Cash Flow Per Share	13.85	11.03	3.46	0.11	1.42	0.96	Upgrade
Gross Margin	31.85%	30.25%	26.03%	24.95%	26.80%	25.57%	Upgrade
Operating Margin	11.94%	8.98%	-0.62%	-5.62%	0.97%	-3.72%	Upgrade
Profit Margin	8.31%	7.26%	-4.02%	-3.67%	-0.35%	-7.37%	Upgrade
Free Cash Flow Margin	17.25%	14.57%	5.09%	0.18%	2.85%	2.30%	Upgrade
EBITDA	2,038	1,477	8	-488	221	-182	Upgrade
EBITDA Margin	12.06%	9.42%	0.06%	-4.16%	2.29%	-2.31%	Upgrade
D&A For EBITDA	21	69	90	171	127	111	Upgrade
EBIT	2,017	1,408	-82	-659	94	-293	Upgrade
EBIT Margin	11.94%	8.98%	-0.62%	-5.62%	0.97%	-3.72%	Upgrade
Effective Tax Rate	17.45%	15.14%	-	-	113.66%	-	Upgrade

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q