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NYSE · Consumer discretionary

Spotify Technology S.A. (SPOT)

Spotify Technology S.A. reported revenue of €17.2B in fiscal 2025, up 9.7% from a year earlier. Net income was €2.2B, a net margin of 12.9%. Operating cash flow minus capital spending left €2.9B of free cash flow in fiscal 2025. At December 31, 2025 it held €5.3B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on February 10, 2026.

Price
$510.01
-0.27% on the day · September 25, 2026
52-week range $405.00 to $740.00
Market cap
$105B
Revenue (FY2025)
€17.2B
+9.7% year on year
Net margin
12.9%

What Spotify Technology S.A. does

Spotify provides an audio streaming platform that gives users access to music, podcasts, and audiobooks. It sells paid subscriptions without advertisements and offers a free ad-supported tier. It is used by consumers worldwide and licenses content from record labels and independent creators. Its shares trade on NYSE under the ticker SPOT.

Revenue and profit by year

Revenue
FY18: €5.3B €5.3B FY18FY19: €6.8B €6.8B FY19FY20: €7.9B €7.9B FY20FY21: €9.7B €9.7B FY21FY22: €11.7B €11.7B FY22FY23: €13.2B €13.2B FY23FY24: €15.7B €15.7B FY24FY25: €17.2B €17.2B FY25
Net income
FY18: -€78M -€78M FY18FY19: -€186M -€186M FY19FY20: -€581M -€581M FY20FY21: -€34M -€34M FY21FY22: -€430M -€430M FY22FY23: -€532M -€532M FY23FY24: €1.1B €1.1B FY24FY25: €2.2B €2.2B FY25

Fiscal years as reported in annual reports. Amounts in EUR.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025€17.2B€2.2B€2.2B€10.51€2.9B
2024€15.7B€1.4B€1.1B€5.50€2.3B
2023€13.2B-€446M-€532M-€2.73€674M
2022€11.7B-€659M-€430M-€2.93€21M
2021€9.7B€94M-€34M-€1.03€276M
2020€7.9B-€293M-€581M-€3.10€181M

Latest SEC filings

What Spotify Technology S.A. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 3, 2026
  2. August 20, 2026
  3. August 4, 2026
  4. August 4, 2026
  5. April 28, 2026
  6. April 28, 2026
  7. April 28, 2026
  8. April 15, 2026
  9. March 25, 2026
  10. March 5, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 16, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about SPOT

What does Spotify Technology S.A. do?

Spotify provides an audio streaming platform that gives users access to music, podcasts, and audiobooks. It sells paid subscriptions without advertisements and offers a free ad-supported tier. It is used by consumers worldwide and licenses content from record labels and independent creators. Its shares trade on NYSE under the ticker SPOT.

Is Spotify Technology S.A. profitable?

Yes. In fiscal 2025 it reported net income of €2.2B on revenue of €17.2B, a net margin of 12.9%.

How much revenue does Spotify Technology S.A. make?

In fiscal 2025 Spotify Technology S.A. reported revenue of €17.2B. That is 9.7% more than a year earlier.

When did Spotify Technology S.A. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on February 10, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from September 16, 2026.

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Where the numbers come from

Financial figures are the values Spotify Technology S.A. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.