English

Spotify Technology S.A.

EDGAR

SPOT Report (type unavailable) · filed 2026-09-03

Annual consolidated revenue for 2025: about EUR 17.19B, using the latest reported figures. The previous period, 2024, was about EUR 15.67B.

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Watchlist

Latest fiscal year

Revenue

17.2 billion EUR

2025 · EUR

Exact inputs and evidence

Revenue: 17186000000 EUR Source

Operating margin

12.79%

2025 · %

Exact inputs and evidence

Operating Income: 2198000000 EUR Source
Revenue: 17186000000 EUR Source

Operating cash flow

2.93 billion EUR

2025 · EUR

Exact inputs and evidence

Operating Cash Flow: 2933000000 EUR Source

Free cash flow

2.87 billion EUR

2025 · EUR

Exact inputs and evidence

Operating Cash Flow: 2933000000 EUR Source
Capital Expenditure: 61000000 EUR Source

Cash and cash equivalents: 5.26 billion EUR 2025-12-31 Source
Exact value

5258000000 EUR
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-09-03.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 10 of 11 periods available· newest 2025-12-31
Operating income: 10 of 11 periods available· newest 2025-12-31
Net income: 10 of 11 periods available· newest 2025-12-31
Operating cash flow: 10 of 11 periods available· newest 2025-12-31
Capital expenditure: 10 of 11 periods available· newest 2025-12-31
Total assets: 9 of 11 periods available· newest 2025-12-31
Total liabilities: 9 of 11 periods available· newest 2025-12-31
Current assets: 9 of 11 periods available· newest 2025-12-31
Current liabilities: 9 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+9.7%

Prior period

EUR 15.67 billion

2024-01-01 – 2024-12-31
Current period

EUR 17.19 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

17186000000 − 15673000000 = 1513000000 EUR

15673000000 EUR · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
17186000000 EUR · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Year-over-year change in Revenue: 1513000000 EUR Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 17186000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#3472663 Filing: 000162828026006874 Input fundies:Revenue: 15673000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#3473469 Filing: 000162828026006874
The citation records this snapshot. The page link may show a newer release later.
Net income
+94.4%

Prior period

EUR 1.14 billion

2024-01-01 – 2024-12-31
Current period

EUR 2.21 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2212000000 − 1138000000 = 1074000000 EUR

1138000000 EUR · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2212000000 EUR · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Year-over-year change in Net income: 1074000000 EUR Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 2212000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2557453 Filing: 000162828026006874 Input fundies:NetIncome: 1138000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2558045 Filing: 000162828026006874
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+27.5%

Prior period

EUR 2.3 billion

2024-01-01 – 2024-12-31
Current period

EUR 2.93 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2933000000 − 2301000000 = 632000000 EUR

2301000000 EUR · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2933000000 EUR · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Year-over-year change in Operating cash flow: 632000000 EUR Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 2933000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2180622 Filing: 000162828026006874 Input fundies:OperatingCashFlow: 2301000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2181389 Filing: 000162828026006874
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+258.8%

Prior period

EUR 17 million

2024-01-01 – 2024-12-31
Current period

EUR 61 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

61000000 − 17000000 = 44000000 EUR

17000000 EUR · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
61000000 EUR · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Year-over-year change in Capital expenditure: 44000000 EUR Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 61000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2188491 Filing: 000162828026006874 Input fundies:CapitalExpenditure: 17000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2189074 Filing: 000162828026006874
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue EUR 17.19 billion 100% of revenue
Operating costs Derived EUR 14.99 billion 87% of revenue
Operating income EUR 2.2 billion 13% of revenue
Tax, interest and other Derived −EUR 14 million −0.1% of revenue
Net income EUR 2.21 billion 13% of revenue

Cash

Operating cash flow EUR 2.93 billion 17% of revenue
Capital expenditure EUR 61 million 0.4% of revenue
Free cash flow Derived EUR 2.87 billion 17% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Operating loss: operating costs were 112% of revenue.
2017 Operating loss: operating costs were 109% of revenue.
2018 Operating loss: operating costs were 101% of revenue.
2019 Operating loss: operating costs were 101% of revenue.
2020 Operating loss: operating costs were 104% of revenue.
2021 Net loss: net income was −0.4% of revenue.
2022 Operating loss: operating costs were 106% of revenue.
2023 Operating loss: operating costs were 103% of revenue.
2024 91%
2025 Net income was higher than operating income, so the split is not drawn.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	2952000000	3301000000 Derived	-349000000	190000000 Derived	-539000000	74000000 Derived	Source 2016-01-01 – 2016-12-31: 2952000000 EUR Inspect Revenue Open source 2016-01-01 – 2016-12-31: -349000000 EUR Inspect Operating Income Open source 2016-01-01 – 2016-12-31: -539000000 EUR Inspect Net Income Open source 2016-01-01 – 2016-12-31: 101000000 EUR Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 27000000 EUR Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	4090000000	4468000000 Derived	-378000000	857000000 Derived	-1235000000	143000000 Derived	Source 2017-01-01 – 2017-12-31: 4090000000 EUR Inspect Revenue Open source 2017-01-01 – 2017-12-31: -378000000 EUR Inspect Operating Income Open source 2017-01-01 – 2017-12-31: -1235000000 EUR Inspect Net Income Open source 2017-01-01 – 2017-12-31: 179000000 EUR Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 36000000 EUR Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	5259000000	5302000000 Derived	-43000000	35000000 Derived	-78000000	219000000 Derived	Source 2018-01-01 – 2018-12-31: 5259000000 EUR Inspect Revenue Open source 2018-01-01 – 2018-12-31: -43000000 EUR Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -78000000 EUR Inspect Net Income Open source 2018-01-01 – 2018-12-31: 344000000 EUR Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 125000000 EUR Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	6764000000	6837000000 Derived	-73000000	113000000 Derived	-186000000	438000000 Derived	Source 2019-01-01 – 2019-12-31: 6764000000 EUR Inspect Revenue Open source 2019-01-01 – 2019-12-31: -73000000 EUR Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -186000000 EUR Inspect Net Income Open source 2019-01-01 – 2019-12-31: 573000000 EUR Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 135000000 EUR Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	7880000000	8173000000 Derived	-293000000	288000000 Derived	-581000000	181000000 Derived	Source 2020-01-01 – 2020-12-31: 7880000000 EUR Inspect Revenue Open source 2020-01-01 – 2020-12-31: -293000000 EUR Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -581000000 EUR Inspect Net Income Open source 2020-01-01 – 2020-12-31: 259000000 EUR Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 78000000 EUR Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	9668000000	9574000000 Derived	94000000	128000000 Derived	-34000000	276000000 Derived	Source 2021-01-01 – 2021-12-31: 9668000000 EUR Inspect Revenue Open source 2021-01-01 – 2021-12-31: 94000000 EUR Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -34000000 EUR Inspect Net Income Open source 2021-01-01 – 2021-12-31: 361000000 EUR Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 85000000 EUR Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	11727000000	12386000000 Derived	-659000000	-229000000 Derived	-430000000	21000000 Derived	Source 2022-01-01 – 2022-12-31: 11727000000 EUR Inspect Revenue Open source 2022-01-01 – 2022-12-31: -659000000 EUR Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -430000000 EUR Inspect Net Income Open source 2022-01-01 – 2022-12-31: 46000000 EUR Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 25000000 EUR Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	13247000000	13693000000 Derived	-446000000	86000000 Derived	-532000000	674000000 Derived	Source 2023-01-01 – 2023-12-31: 13247000000 EUR Inspect Revenue Open source 2023-01-01 – 2023-12-31: -446000000 EUR Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -532000000 EUR Inspect Net Income Open source 2023-01-01 – 2023-12-31: 680000000 EUR Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 6000000 EUR Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	15673000000	14308000000 Derived	1365000000	227000000 Derived	1138000000	2284000000 Derived	Source 2024-01-01 – 2024-12-31: 15673000000 EUR Inspect Revenue Open source 2024-01-01 – 2024-12-31: 1365000000 EUR Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 1138000000 EUR Inspect Net Income Open source 2024-01-01 – 2024-12-31: 2301000000 EUR Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 17000000 EUR Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	17186000000	14988000000 Derived	2198000000	-14000000 Derived	2212000000	2872000000 Derived	Source 2025-01-01 – 2025-12-31: 17186000000 EUR Inspect Revenue Open source 2025-01-01 – 2025-12-31: 2198000000 EUR Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 2212000000 EUR Inspect Net Income Open source 2025-01-01 – 2025-12-31: 2933000000 EUR Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 61000000 EUR Inspect Capital Expenditure Open source

Amounts are exact, in EUR.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

EUR 17.2B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(EUR)	Source evidence
20162016-12-31	Revenue	2952000000	Revenue: 2952000000 Open source
20172017-12-31	Revenue	4090000000	Revenue: 4090000000 Open source
20182018-12-31	Revenue	5259000000	Revenue: 5259000000 Open source
20192019-12-31	Revenue	6764000000	Revenue: 6764000000 Open source
20202020-12-31	Revenue	7880000000	Revenue: 7880000000 Open source
20212021-12-31	Revenue	9668000000	Revenue: 9668000000 Open source
20222022-12-31	Revenue	11727000000	Revenue: 11727000000 Open source
20232023-12-31	Revenue	13247000000	Revenue: 13247000000 Open source
20242024-12-31	Revenue	15673000000	Revenue: 15673000000 Open source
20252025-12-31	Revenue	17186000000	Revenue: 17186000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

9.7% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 2952000000 Open source
20172017-12-31	Year over year	38.6%	Revenue: 4090000000 Open source Revenue: 2952000000 Open source
20182018-12-31	Year over year	28.6%	Revenue: 5259000000 Open source Revenue: 4090000000 Open source
20192019-12-31	Year over year	28.6%	Revenue: 6764000000 Open source Revenue: 5259000000 Open source
20202020-12-31	Year over year	16.5%	Revenue: 7880000000 Open source Revenue: 6764000000 Open source
20212021-12-31	Year over year	22.7%	Revenue: 9668000000 Open source Revenue: 7880000000 Open source
20222022-12-31	Year over year	21.3%	Revenue: 11727000000 Open source Revenue: 9668000000 Open source
20232023-12-31	Year over year	13%	Revenue: 13247000000 Open source Revenue: 11727000000 Open source
20242024-12-31	Year over year	18.3%	Revenue: 15673000000 Open source Revenue: 13247000000 Open source
20252025-12-31	Year over year	9.7%	Revenue: 17186000000 Open source Revenue: 15673000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 12.8% 2025

Net margin 12.9% 2025

Free cash flow margin 16.7% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	-11.8%	Operating Income: -349000000 Open source Revenue: 2952000000 Open source
20172017-12-31	Operating margin	-9.2%	Operating Income: -378000000 Open source Revenue: 4090000000 Open source
20182018-12-31	Operating margin	-0.8%	Operating Income: -43000000 Open source Revenue: 5259000000 Open source
20192019-12-31	Operating margin	-1.1%	Operating Income: -73000000 Open source Revenue: 6764000000 Open source
20202020-12-31	Operating margin	-3.7%	Operating Income: -293000000 Open source Revenue: 7880000000 Open source
20212021-12-31	Operating margin	1%	Operating Income: 94000000 Open source Revenue: 9668000000 Open source
20222022-12-31	Operating margin	-5.6%	Operating Income: -659000000 Open source Revenue: 11727000000 Open source
20232023-12-31	Operating margin	-3.4%	Operating Income: -446000000 Open source Revenue: 13247000000 Open source
20242024-12-31	Operating margin	8.7%	Operating Income: 1365000000 Open source Revenue: 15673000000 Open source
20252025-12-31	Operating margin	12.8%	Operating Income: 2198000000 Open source Revenue: 17186000000 Open source
20162016-12-31	Net margin	-18.3%	Net Income: -539000000 Open source Revenue: 2952000000 Open source
20172017-12-31	Net margin	-30.2%	Net Income: -1235000000 Open source Revenue: 4090000000 Open source
20182018-12-31	Net margin	-1.5%	Net Income: -78000000 Open source Revenue: 5259000000 Open source
20192019-12-31	Net margin	-2.7%	Net Income: -186000000 Open source Revenue: 6764000000 Open source
20202020-12-31	Net margin	-7.4%	Net Income: -581000000 Open source Revenue: 7880000000 Open source
20212021-12-31	Net margin	-0.4%	Net Income: -34000000 Open source Revenue: 9668000000 Open source
20222022-12-31	Net margin	-3.7%	Net Income: -430000000 Open source Revenue: 11727000000 Open source
20232023-12-31	Net margin	-4%	Net Income: -532000000 Open source Revenue: 13247000000 Open source
20242024-12-31	Net margin	7.3%	Net Income: 1138000000 Open source Revenue: 15673000000 Open source
20252025-12-31	Net margin	12.9%	Net Income: 2212000000 Open source Revenue: 17186000000 Open source
20162016-12-31	Free cash flow margin	2.5%	Revenue: 2952000000 Open source Operating Cash Flow: 101000000 Open source Capital Expenditure: 27000000 Open source
20172017-12-31	Free cash flow margin	3.5%	Revenue: 4090000000 Open source Operating Cash Flow: 179000000 Open source Capital Expenditure: 36000000 Open source
20182018-12-31	Free cash flow margin	4.2%	Revenue: 5259000000 Open source Operating Cash Flow: 344000000 Open source Capital Expenditure: 125000000 Open source
20192019-12-31	Free cash flow margin	6.5%	Revenue: 6764000000 Open source Operating Cash Flow: 573000000 Open source Capital Expenditure: 135000000 Open source
20202020-12-31	Free cash flow margin	2.3%	Revenue: 7880000000 Open source Operating Cash Flow: 259000000 Open source Capital Expenditure: 78000000 Open source
20212021-12-31	Free cash flow margin	2.9%	Revenue: 9668000000 Open source Operating Cash Flow: 361000000 Open source Capital Expenditure: 85000000 Open source
20222022-12-31	Free cash flow margin	0.2%	Revenue: 11727000000 Open source Operating Cash Flow: 46000000 Open source Capital Expenditure: 25000000 Open source
20232023-12-31	Free cash flow margin	5.1%	Revenue: 13247000000 Open source Operating Cash Flow: 680000000 Open source Capital Expenditure: 6000000 Open source
20242024-12-31	Free cash flow margin	14.6%	Revenue: 15673000000 Open source Operating Cash Flow: 2301000000 Open source Capital Expenditure: 17000000 Open source
20252025-12-31	Free cash flow margin	16.7%	Revenue: 17186000000 Open source Operating Cash Flow: 2933000000 Open source Capital Expenditure: 61000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

EUR 2.9B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(EUR)	Source evidence
20162016-12-31	Operating cash flow	101000000	Operating Cash Flow: 101000000 Open source
20172017-12-31	Operating cash flow	179000000	Operating Cash Flow: 179000000 Open source
20182018-12-31	Operating cash flow	344000000	Operating Cash Flow: 344000000 Open source
20192019-12-31	Operating cash flow	573000000	Operating Cash Flow: 573000000 Open source
20202020-12-31	Operating cash flow	259000000	Operating Cash Flow: 259000000 Open source
20212021-12-31	Operating cash flow	361000000	Operating Cash Flow: 361000000 Open source
20222022-12-31	Operating cash flow	46000000	Operating Cash Flow: 46000000 Open source
20232023-12-31	Operating cash flow	680000000	Operating Cash Flow: 680000000 Open source
20242024-12-31	Operating cash flow	2301000000	Operating Cash Flow: 2301000000 Open source
20252025-12-31	Operating cash flow	2933000000	Operating Cash Flow: 2933000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

EUR 2.9B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(EUR)	Source evidence
20162016-12-31	Free cash flow	74000000	Operating Cash Flow: 101000000 Open source Capital Expenditure: 27000000 Open source
20172017-12-31	Free cash flow	143000000	Operating Cash Flow: 179000000 Open source Capital Expenditure: 36000000 Open source
20182018-12-31	Free cash flow	219000000	Operating Cash Flow: 344000000 Open source Capital Expenditure: 125000000 Open source
20192019-12-31	Free cash flow	438000000	Operating Cash Flow: 573000000 Open source Capital Expenditure: 135000000 Open source
20202020-12-31	Free cash flow	181000000	Operating Cash Flow: 259000000 Open source Capital Expenditure: 78000000 Open source
20212021-12-31	Free cash flow	276000000	Operating Cash Flow: 361000000 Open source Capital Expenditure: 85000000 Open source
20222022-12-31	Free cash flow	21000000	Operating Cash Flow: 46000000 Open source Capital Expenditure: 25000000 Open source
20232023-12-31	Free cash flow	674000000	Operating Cash Flow: 680000000 Open source Capital Expenditure: 6000000 Open source
20242024-12-31	Free cash flow	2284000000	Operating Cash Flow: 2301000000 Open source Capital Expenditure: 17000000 Open source
20252025-12-31	Free cash flow	2872000000	Operating Cash Flow: 2933000000 Open source Capital Expenditure: 61000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

44.5% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	No source recorded
20172017-12-31	Liabilities / assets	92.3%	Total Liabilities: 2869000000 Open source Total Assets: 3107000000 Open source
20182018-12-31	Liabilities / assets	51.7%	Total Liabilities: 2242000000 Open source Total Assets: 4336000000 Open source
20192019-12-31	Liabilities / assets	60.2%	Total Liabilities: 3085000000 Open source Total Assets: 5122000000 Open source
20202020-12-31	Liabilities / assets	55.7%	Total Liabilities: 3521000000 Open source Total Assets: 6326000000 Open source
20212021-12-31	Liabilities / assets	70.4%	Total Liabilities: 5051000000 Open source Total Assets: 7170000000 Open source
20222022-12-31	Liabilities / assets	68.6%	Total Liabilities: 5235000000 Open source Total Assets: 7636000000 Open source
20232023-12-31	Liabilities / assets	69.8%	Total Liabilities: 5823000000 Open source Total Assets: 8346000000 Open source
20242024-12-31	Liabilities / assets	54%	Total Liabilities: 6480000000 Open source Total Assets: 12005000000 Open source
20252025-12-31	Liabilities / assets	44.5%	Total Liabilities: 6686000000 Open source Total Assets: 15015000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

1.72× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
20172017-12-31	Current assets / current liabilities	1.02×	Current Assets: 1898000000 Open source Current Liabilities: 1860000000 Open source
20182018-12-31	Current assets / current liabilities	1.05×	Current Assets: 2246000000 Open source Current Liabilities: 2149000000 Open source
20192019-12-31	Current assets / current liabilities	0.91×	Current Assets: 2231000000 Open source Current Liabilities: 2439000000 Open source
20202020-12-31	Current assets / current liabilities	0.82×	Current Assets: 2366000000 Open source Current Liabilities: 2900000000 Open source
20212021-12-31	Current assets / current liabilities	1.36×	Current Assets: 4372000000 Open source Current Liabilities: 3226000000 Open source
20222022-12-31	Current assets / current liabilities	1.24×	Current Assets: 4352000000 Open source Current Liabilities: 3516000000 Open source
20232023-12-31	Current assets / current liabilities	1.29×	Current Assets: 5260000000 Open source Current Liabilities: 4090000000 Open source
20242024-12-31	Current assets / current liabilities	1.88×	Current Assets: 8379000000 Open source Current Liabilities: 4450000000 Open source
20252025-12-31	Current assets / current liabilities	1.72×	Current Assets: 10496000000 Open source Current Liabilities: 6085000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	−EUR 539 million Exact value Exact value: -539000000 EUR 2016-01-01 – 2016-12-31: -539000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2016-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -539000000 EUR Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -539000000 EUR (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459019002688/ck0001639920-20181231.xml#309220 Filing: 000156459019002688 The citation records this snapshot. The page link may show a newer release later.	EUR 101 million Exact value Exact value: 101000000 EUR 2016-01-01 – 2016-12-31: 101000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2016-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 101000000 EUR Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 101000000 EUR (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459019002688/ck0001639920-20181231.xml#370966 Filing: 000156459019002688 The citation records this snapshot. The page link may show a newer release later.	EUR 27 million Exact value Exact value: 27000000 EUR 2016-01-01 – 2016-12-31: 27000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2016-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 27000000 EUR Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 27000000 EUR (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459019002688/ck0001639920-20181231.xml#371701 Filing: 000156459019002688 The citation records this snapshot. The page link may show a newer release later.	EUR 74 million Calculation and evidence 101000000 − 27000000 EUR Exact free cash flow: 74000000 EUR 2016-01-01 – 2016-12-31: 101000000 EUR · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 27000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2016-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 74000000 EUR Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 101000000 EUR (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459019002688/ck0001639920-20181231.xml#370966 Filing: 000156459019002688 Input fundies:CapitalExpenditure: 27000000 EUR (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459019002688/ck0001639920-20181231.xml#371701 Filing: 000156459019002688 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	−EUR 1.24 billion Exact value Exact value: -1235000000 EUR 2017-01-01 – 2017-12-31: -1235000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2017-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -1235000000 EUR Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -1235000000 EUR (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459020004357/ck0001639920-20191231.xml#402706 Filing: 000156459020004357 The citation records this snapshot. The page link may show a newer release later.	EUR 179 million Exact value Exact value: 179000000 EUR 2017-01-01 – 2017-12-31: 179000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2017-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 179000000 EUR Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 179000000 EUR (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459020004357/ck0001639920-20191231.xml#472136 Filing: 000156459020004357 The citation records this snapshot. The page link may show a newer release later.	EUR 36 million Exact value Exact value: 36000000 EUR 2017-01-01 – 2017-12-31: 36000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2017-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 36000000 EUR Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 36000000 EUR (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459020004357/ck0001639920-20191231.xml#473823 Filing: 000156459020004357 The citation records this snapshot. The page link may show a newer release later.	EUR 143 million Calculation and evidence 179000000 − 36000000 EUR Exact free cash flow: 143000000 EUR 2017-01-01 – 2017-12-31: 179000000 EUR · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 36000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2017-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 143000000 EUR Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 179000000 EUR (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459020004357/ck0001639920-20191231.xml#472136 Filing: 000156459020004357 Input fundies:CapitalExpenditure: 36000000 EUR (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000156459020004357/ck0001639920-20191231.xml#473823 Filing: 000156459020004357 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−EUR 78 million Exact value Exact value: -78000000 EUR 2018-01-01 – 2018-12-31: -78000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2018-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -78000000 EUR Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -78000000 EUR (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992021000006/ck0001639920-20201231.htm#3236697 Filing: 000163992021000006 The citation records this snapshot. The page link may show a newer release later.	EUR 344 million Exact value Exact value: 344000000 EUR 2018-01-01 – 2018-12-31: 344000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2018-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 344000000 EUR Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 344000000 EUR (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992021000006/ck0001639920-20201231.htm#2604414 Filing: 000163992021000006 The citation records this snapshot. The page link may show a newer release later.	EUR 125 million Exact value Exact value: 125000000 EUR 2018-01-01 – 2018-12-31: 125000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2018-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 125000000 EUR Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 125000000 EUR (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992021000006/ck0001639920-20201231.htm#2611880 Filing: 000163992021000006 The citation records this snapshot. The page link may show a newer release later.	EUR 219 million Calculation and evidence 344000000 − 125000000 EUR Exact free cash flow: 219000000 EUR 2018-01-01 – 2018-12-31: 344000000 EUR · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 125000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2018-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 219000000 EUR Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 344000000 EUR (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992021000006/ck0001639920-20201231.htm#2604414 Filing: 000163992021000006 Input fundies:CapitalExpenditure: 125000000 EUR (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992021000006/ck0001639920-20201231.htm#2611880 Filing: 000163992021000006 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−EUR 186 million Exact value Exact value: -186000000 EUR 2019-01-01 – 2019-12-31: -186000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2019-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -186000000 EUR Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -186000000 EUR (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992022000004/ck0001639920-20211231.htm#3152071 Filing: 000163992022000004 The citation records this snapshot. The page link may show a newer release later.	EUR 573 million Exact value Exact value: 573000000 EUR 2019-01-01 – 2019-12-31: 573000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2019-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 573000000 EUR Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 573000000 EUR (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992022000004/ck0001639920-20211231.htm#2528333 Filing: 000163992022000004 The citation records this snapshot. The page link may show a newer release later.	EUR 135 million Exact value Exact value: 135000000 EUR 2019-01-01 – 2019-12-31: 135000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2019-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 135000000 EUR Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 135000000 EUR (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992022000004/ck0001639920-20211231.htm#2536280 Filing: 000163992022000004 The citation records this snapshot. The page link may show a newer release later.	EUR 438 million Calculation and evidence 573000000 − 135000000 EUR Exact free cash flow: 438000000 EUR 2019-01-01 – 2019-12-31: 573000000 EUR · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 135000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2019-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 438000000 EUR Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 573000000 EUR (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992022000004/ck0001639920-20211231.htm#2528333 Filing: 000163992022000004 Input fundies:CapitalExpenditure: 135000000 EUR (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992022000004/ck0001639920-20211231.htm#2536280 Filing: 000163992022000004 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−EUR 581 million Exact value Exact value: -581000000 EUR 2020-01-01 – 2020-12-31: -581000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2020-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -581000000 EUR Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -581000000 EUR (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992023000004/ck0001639920-20221231.htm#3286159 Filing: 000163992023000004 The citation records this snapshot. The page link may show a newer release later.	EUR 259 million Exact value Exact value: 259000000 EUR 2020-01-01 – 2020-12-31: 259000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2020-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 259000000 EUR Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 259000000 EUR (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992023000004/ck0001639920-20221231.htm#2650914 Filing: 000163992023000004 The citation records this snapshot. The page link may show a newer release later.	EUR 78 million Exact value Exact value: 78000000 EUR 2020-01-01 – 2020-12-31: 78000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2020-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 78000000 EUR Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 78000000 EUR (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992023000004/ck0001639920-20221231.htm#2658861 Filing: 000163992023000004 The citation records this snapshot. The page link may show a newer release later.	EUR 181 million Calculation and evidence 259000000 − 78000000 EUR Exact free cash flow: 181000000 EUR 2020-01-01 – 2020-12-31: 259000000 EUR · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 78000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2020-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 181000000 EUR Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 259000000 EUR (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992023000004/ck0001639920-20221231.htm#2650914 Filing: 000163992023000004 Input fundies:CapitalExpenditure: 78000000 EUR (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992023000004/ck0001639920-20221231.htm#2658861 Filing: 000163992023000004 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−EUR 34 million Exact value Exact value: -34000000 EUR 2021-01-01 – 2021-12-31: -34000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2021-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -34000000 EUR Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -34000000 EUR (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992024000004/ck0001639920-20231231.htm#2798563 Filing: 000163992024000004 The citation records this snapshot. The page link may show a newer release later.	EUR 361 million Exact value Exact value: 361000000 EUR 2021-01-01 – 2021-12-31: 361000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2021-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 361000000 EUR Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 361000000 EUR (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992024000004/ck0001639920-20231231.htm#2389620 Filing: 000163992024000004 The citation records this snapshot. The page link may show a newer release later.	EUR 85 million Exact value Exact value: 85000000 EUR 2021-01-01 – 2021-12-31: 85000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2021-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 85000000 EUR Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 85000000 EUR (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992024000004/ck0001639920-20231231.htm#2397336 Filing: 000163992024000004 The citation records this snapshot. The page link may show a newer release later.	EUR 276 million Calculation and evidence 361000000 − 85000000 EUR Exact free cash flow: 276000000 EUR 2021-01-01 – 2021-12-31: 361000000 EUR · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 85000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2021-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 276000000 EUR Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 361000000 EUR (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992024000004/ck0001639920-20231231.htm#2389620 Filing: 000163992024000004 Input fundies:CapitalExpenditure: 85000000 EUR (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992024000004/ck0001639920-20231231.htm#2397336 Filing: 000163992024000004 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−EUR 430 million Exact value Exact value: -430000000 EUR 2022-01-01 – 2022-12-31: -430000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2022-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -430000000 EUR Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -430000000 EUR (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992025000003/ck0001639920-20241231.htm#2614797 Filing: 000163992025000003 The citation records this snapshot. The page link may show a newer release later.	EUR 46 million Exact value Exact value: 46000000 EUR 2022-01-01 – 2022-12-31: 46000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2022-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 46000000 EUR Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 46000000 EUR (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992025000003/ck0001639920-20241231.htm#2234583 Filing: 000163992025000003 The citation records this snapshot. The page link may show a newer release later.	EUR 25 million Exact value Exact value: 25000000 EUR 2022-01-01 – 2022-12-31: 25000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2022-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 25000000 EUR Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 25000000 EUR (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992025000003/ck0001639920-20241231.htm#2242160 Filing: 000163992025000003 The citation records this snapshot. The page link may show a newer release later.	EUR 21 million Calculation and evidence 46000000 − 25000000 EUR Exact free cash flow: 21000000 EUR 2022-01-01 – 2022-12-31: 46000000 EUR · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 25000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2022-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 21000000 EUR Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 46000000 EUR (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992025000003/ck0001639920-20241231.htm#2234583 Filing: 000163992025000003 Input fundies:CapitalExpenditure: 25000000 EUR (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000163992025000003/ck0001639920-20241231.htm#2242160 Filing: 000163992025000003 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−EUR 532 million Exact value Exact value: -532000000 EUR 2023-01-01 – 2023-12-31: -532000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2023-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: -532000000 EUR Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=EUR&dimensions= Input fundies:NetIncome: -532000000 EUR (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2558638 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 680 million Exact value Exact value: 680000000 EUR 2023-01-01 – 2023-12-31: 680000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2023-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 680000000 EUR Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 680000000 EUR (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2182156 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 6 million Exact value Exact value: 6000000 EUR 2023-01-01 – 2023-12-31: 6000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2023-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 6000000 EUR Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 6000000 EUR (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2189657 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 674 million Calculation and evidence 680000000 − 6000000 EUR Exact free cash flow: 674000000 EUR 2023-01-01 – 2023-12-31: 680000000 EUR · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 6000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2023-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 674000000 EUR Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 680000000 EUR (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2182156 Filing: 000162828026006874 Input fundies:CapitalExpenditure: 6000000 EUR (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2189657 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	EUR 1.14 billion Exact value Exact value: 1138000000 EUR 2024-01-01 – 2024-12-31: 1138000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2024-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: 1138000000 EUR Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=EUR&dimensions= Input fundies:NetIncome: 1138000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2558045 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 2.3 billion Exact value Exact value: 2301000000 EUR 2024-01-01 – 2024-12-31: 2301000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2024-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 2301000000 EUR Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 2301000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2181389 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 17 million Exact value Exact value: 17000000 EUR 2024-01-01 – 2024-12-31: 17000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2024-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 17000000 EUR Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 17000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2189074 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 2.28 billion Calculation and evidence 2301000000 − 17000000 EUR Exact free cash flow: 2284000000 EUR 2024-01-01 – 2024-12-31: 2301000000 EUR · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 17000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2024-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 2284000000 EUR Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2301000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2181389 Filing: 000162828026006874 Input fundies:CapitalExpenditure: 17000000 EUR (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2189074 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	EUR 2.21 billion Exact value Exact value: 2212000000 EUR 2025-01-01 – 2025-12-31: 2212000000 EUR Inspect Net Income Open source Share or cite Citation for Net Income · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Net Income: 2212000000 EUR Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=EUR&dimensions= Input fundies:NetIncome: 2212000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2557453 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 2.93 billion Exact value Exact value: 2933000000 EUR 2025-01-01 – 2025-12-31: 2933000000 EUR Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Operating Cash Flow: 2933000000 EUR Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=EUR&dimensions= Input fundies:OperatingCashFlow: 2933000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2180622 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 61 million Exact value Exact value: 61000000 EUR 2025-01-01 – 2025-12-31: 61000000 EUR Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Capital Expenditure: 61000000 EUR Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=EUR&dimensions= Input fundies:CapitalExpenditure: 61000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2188491 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.	EUR 2.87 billion Calculation and evidence 2933000000 − 61000000 EUR Exact free cash flow: 2872000000 EUR 2025-01-01 – 2025-12-31: 2933000000 EUR · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 61000000 EUR · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Spotify Technology S.A. · 2025-12-31 Spotify Technology S.A. (edgar:1639920) Free cash flow: 2872000000 EUR Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T07:44:13Z Snapshot: a1d6d832d10cc045c8c5dd72ebde179e59d4748231404c6baa7ee83ac8efa163 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1639920?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2933000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2180622 Filing: 000162828026006874 Input fundies:CapitalExpenditure: 61000000 EUR (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm#2188491 Filing: 000162828026006874 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

105 filings · 577 latest values · 577 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001639920, 1639920, SPOT, edgar:1639920

Also known as Spotify Technology S.A.

Spotify Technology S.A.

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation