Stocks Consumer discretionary SPOT
NYSE · Consumer discretionarySpotify 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.
Key facts about Spotify Technology S.A.
- Net worth
- Spotify Technology S.A. has a market value (market cap) of $107.8B at the latest share price, and shareholders' equity of €8.3B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was €17.2B (+9.7% year on year), with net income of €2.2B.
- Cash flow
- In fiscal 2025 operations brought in €2.9B of cash; after €61M of capital spending, free cash flow was €2.9B.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on February 10, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | €17.2B | €2.2B | €10.51 | €2.9B |
| 2024 | €15.7B | €1.1B | €5.50 | €2.3B |
| 2023 | €13.2B | -€532M | -€2.73 | €674M |
| 2022 | €11.7B | -€430M | -€2.93 | €21M |
| 2021 | €9.7B | -€34M | -€1.03 | €276M |
| 2020 | €7.9B | -€581M | -€3.10 | €181M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SPOT ranks in Consumer discretionary
Latest SEC filings
What Spotify Technology S.A. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 3, 2026
- August 20, 2026
- August 4, 2026
- August 4, 2026
- April 28, 2026
- April 28, 2026
- April 28, 2026
- April 15, 2026
- March 25, 2026
- March 5, 2026
Insider trades
What the people running Spotify Technology S.A. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $37.7M worth of shares in the last 90 days and bought none on the open market. Most of the selling (95%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Exercised options | 20,910 | $3.2M |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 1,086 | $572.4K |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 4,081 | $2.2M |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 6,282 | $3.3M |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 1,818 | $963.9K |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 1,666 | $884.7K |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 1,850 | $984.5K |
| October 12, 2026 | Soderstrom GustavCo-Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 2,610 | $1.4M |
Who owns SPOT
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
13 insiders reported holding 560,364 shares in total, about $293.6M at the last price.
| Holder | Shares |
|---|---|
| McCARTHY BARRYDirector | 351,332351,332 held indirectly |
| Norstrom AlexCo-Chief Executive Officer, Director | 65,156 |
| Jenkins DusteeChief Public Affairs Officer | 41,008 |
| Soderstrom GustavCo-Chief Executive Officer, Director | 19,908 |
| Sarandos Theodore ADirector | 19,907 |
| Lundstrom AnnaChief Human Resources Officer | 16,254 |
| Warrior PadmasreeDirector | 11,413 |
| O'Neill HeidiDirector | 10,060 |
| Luiga ChristianChief Financial Officer | 8,817 |
| Lorentzon Sven Hans MartinDirector | 6,383 |
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.
What is Spotify Technology S.A.'s net worth?
Spotify Technology S.A. has a market value (market cap) of $107.8B at the latest share price, and shareholders' equity of €8.3B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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 October 14, 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.