Spotify Technology (SPOT) Stock: Charts & Financials

Spotify Technology S.A. (SPOT)SPOTSpotify Technology S.A.

About Spotify Technology S.A.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

Stockholm, AB

7,323 employees

www.spotify.com

Communication Services / Internet Content & Information

Sector: Communication Services
Industry: Internet Content & Information
CEO: Alex Norström

View full financials

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	20.51B	5.24B	5.32B	5.01B	4.94B	4.54B	4.39B	4.44B	4.08B
Cost of Goods Sold	13.88B	3.51B	3.56B	3.43B	3.39B	3.10B	2.98B	3.06B	2.89B
Gross Profit	6.63B	1.73B	1.76B	1.59B	1.56B	1.44B	1.42B	1.38B	1.19B
Gross Profit Margin	32.3%	33.0%	33.1%	31.6%	31.5%	31.6%	32.2%	31.1%	29.2%
Total Operating Expenses	3.82B	901.15M	937.32M	902.31M	1.08B	884.31M	922.62M	875.17M	906.13M
Research & Development	1.57B	382.41M	340.63M	362.57M	489.15M	410.23M	389.34M	380.80M	405.94M
Selling, General & Administrative	2.24B	518.74M	596.69M	539.75M	588.16M	474.09M	533.28M	494.37M	500.19M
Operating Income (EBIT)	2.81B	826.05M	823.39M	682.90M	478.54M	550.94M	493.93M	505.51M	284.91M
Operating Margin	13.7%	15.8%	15.5%	13.6%	9.7%	12.1%	11.2%	11.4%	7.0%
Income Before Tax (EBT)	3.31B	1.08B	1.20B	970.37M	56.58M	355.02M	516.71M	443.15M	289.19M
Interest Income	271.64M	62.39M	68.13M	69.23M	71.90M	72.52M	65.24M	67.92M	56.77M
Interest Expense	35.13M	8.09M	8.22M	9.39M	9.43M	8.66M	9.32M	10.02M	9.64M
Other Income/Expense	497.86M	256.48M	375.87M	287.47M	-421.97M	-195.91M	22.78M	-62.35M	4.28M
Net Income	3.17B	832.99M	1.38B	1.05B	-101.37M	243.54M	380.02M	334.04M	293.48M
Income Tax Expense	143.30M	249.55M	-179.71M	-84.48M	157.94M	111.49M	136.68M	109.12M	-4.28M
Net Profit Margin	15.4%	15.9%	25.9%	21.0%	-2.1%	5.4%	8.7%	7.5%	7.2%
EBITDA	2.93B	856.09M	852.75M	711.06M	509.19M	580.16M	524.99M	538.91M	317.04M
EBITDA Margin	14.3%	16.3%	16.0%	14.2%	10.3%	12.8%	12.0%	12.1%	7.8%
Depreciation & Amortization	118.21M	30.04M	29.36M	28.16M	30.65M	29.22M	31.06M	33.40M	32.13M
EPS Basic	15.44	4.11	6.71	5.12	-0.50	1.19	1.87	1.66	1.47
EPS Diluted	12.55	4.04	5.16	3.85	-0.50	1.16	1.82	1.61	1.42
Shares Outstanding	205.72M	205.72M	205.77M	205.96M	205.43M	204.47M	202.91M	201.58M	199.96M
Diluted Shares Outstanding	209.28M	209.28M	212.49M	213.79M	205.43M	210.24M	209.01M	207.40M	206.12M

Quarterly Report

TTM

Quarter ended Mar 2026

Quarter ended Dec 2025

Quarter ended Sep 2025

Quarter ended Jun 2025

Quarter ended Mar 2025

Quarter ended Dec 2024

Quarter ended Sep 2024

Quarter ended Jun 2024

Revenue

20.51B

5.24B

5.32B

5.01B

4.94B

4.54B

4.39B

4.44B

4.08B

Cost of Goods Sold

13.88B

3.51B

3.56B

3.43B

3.39B

3.10B

2.98B

3.06B

2.89B

Gross Profit

6.63B

1.73B

1.76B

1.59B

1.56B

1.44B

1.42B

1.38B

1.19B

Gross Profit Margin

32.3%

33.0%

33.1%

31.6%

31.5%

31.6%

32.2%

31.1%

29.2%

Total Operating Expenses

3.82B

901.15M

937.32M

902.31M

1.08B

884.31M

922.62M

875.17M

906.13M

Research & Development

1.57B

382.41M

340.63M

362.57M

489.15M

410.23M

389.34M

380.80M

405.94M

Selling, General & Administrative

2.24B

518.74M

596.69M

539.75M

588.16M

474.09M

533.28M

494.37M

500.19M

Operating Income (EBIT)

2.81B

826.05M

823.39M

682.90M

478.54M

550.94M

493.93M

505.51M

284.91M

Operating Margin

13.7%

15.8%

15.5%

13.6%

9.7%

12.1%

11.2%

11.4%

7.0%

Income Before Tax (EBT)

3.31B

1.08B

1.20B

970.37M

56.58M

355.02M

516.71M

443.15M

289.19M

Interest Income

271.64M

62.39M

68.13M

69.23M

71.90M

72.52M

65.24M

67.92M

56.77M

Interest Expense

35.13M

8.09M

8.22M

9.39M

9.43M

8.66M

9.32M

10.02M

9.64M

Other Income/Expense

497.86M

256.48M

375.87M

287.47M

-421.97M

-195.91M

22.78M

-62.35M

4.28M

Net Income

3.17B

832.99M

1.38B

1.05B

-101.37M

243.54M

380.02M

334.04M

293.48M

Income Tax Expense

143.30M

249.55M

-179.71M

-84.48M

157.94M

111.49M

136.68M

109.12M

-4.28M

Net Profit Margin

15.4%

15.9%

25.9%

21.0%

-2.1%

5.4%

8.7%

7.5%

7.2%

EBITDA

2.93B

856.09M

852.75M

711.06M

509.19M

580.16M

524.99M

538.91M

317.04M

EBITDA Margin

14.3%

16.3%

16.0%

14.2%

10.3%

12.8%

12.0%

12.1%

7.8%

Depreciation & Amortization

118.21M

30.04M

29.36M

28.16M

30.65M

29.22M

31.06M

33.40M

32.13M

EPS Basic

15.44

4.11

6.71

5.12

-0.50

1.19

1.87

1.66

1.47

EPS Diluted

12.55

4.04

5.16

3.85

-0.50

1.16

1.82

1.61

1.42

Shares Outstanding

205.72M

205.77M

205.96M

205.43M

204.47M

202.91M

201.58M

199.96M

Diluted Shares Outstanding

209.28M

212.49M

213.79M

205.43M

210.24M

209.01M

207.40M

206.12M

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	20.19B	16.23B	14.62B	12.55B	11.01B	9.63B	7.59B	6.02B
Cost of Goods Sold	13.73B	11.34B	10.87B	9.42B	8.06B	7.16B	5.66B	4.47B
Gross Profit	6.46B	4.89B	3.75B	3.13B	2.95B	2.46B	1.93B	1.55B
Gross Profit Margin	32.0%	30.1%	25.6%	25.0%	26.8%	25.6%	25.5%	25.7%
Total Operating Expenses	3.87B	3.48B	4.24B	3.84B	2.84B	2.82B	2.01B	1.60B
Research & Development	1.64B	1.54B	1.90B	1.48B	1.04B	1.02B	690.17M	564.23M
Selling, General & Administrative	2.24B	1.94B	2.34B	2.35B	1.80B	1.80B	1.32B	1.03B
Operating Income (EBIT)	2.58B	1.41B	-492.27M	-705.09M	107.00M	-357.92M	-81.92M	-49.21M
Operating Margin	12.8%	8.7%	-3.4%	-5.6%	1.0%	-3.7%	-1.1%	-0.8%
Income Before Tax (EBT)	2.61B	1.39B	-557.39M	-395.88M	283.45M	-866.09M	-147.01M	-198.00M
Interest Income	287.77M	230.91M	144.59M	50.29M	12.52M	19.32M	34.30M	28.61M
Interest Expense	36.41M	37.28M	41.94M	43.87M	45.53M	61.38M	47.57M	6.87M
Other Income/Expense	30.54M	-24.85M	-65.12M	309.21M	176.44M	-508.17M	-65.09M	-148.78M
Net Income	2.60B	1.18B	-587.20M	-460.07M	-38.70M	-709.73M	-208.73M	-89.27M
Income Tax Expense	14.10M	210.20M	29.80M	64.20M	322.15M	-156.36M	61.72M	-108.73M
Net Profit Margin	12.9%	7.3%	-4.0%	-3.7%	-0.4%	-7.4%	-2.7%	-1.5%
EBITDA	2.70B	1.54B	-317.88M	-522.13M	251.58M	-222.33M	15.71M	-12.59M
EBITDA Margin	13.4%	9.5%	-2.2%	-4.2%	2.3%	-2.3%	0.2%	-0.2%
Depreciation & Amortization	119.81M	125.29M	174.39M	182.96M	144.57M	135.59M	97.63M	36.62M
EPS Basic	12.65	5.87	-3.01	-2.39	-0.20	-3.79	-1.16	-0.50
EPS Diluted	12.34	5.70	-3.01	-3.13	-1.17	-3.79	-1.16	-0.58
Shares Outstanding	205.41M	200.62M	194.73M	192.93M	191.30M	187.58M	180.96M	177.15M
Diluted Shares Outstanding	210.51M	206.99M	194.73M	195.85M	193.94M	187.58M	180.96M	181.21M

Annual Report

12/31/2025

12/31/2024

12/31/2023

12/31/2022

12/31/2021

12/31/2020

12/31/2019

12/31/2018

Revenue

20.19B

16.23B

14.62B

12.55B

11.01B

9.63B

7.59B

6.02B

Cost of Goods Sold

13.73B

11.34B

10.87B

9.42B

8.06B

7.16B

5.66B

4.47B

Gross Profit

6.46B

4.89B

3.75B

3.13B

2.95B

2.46B

1.93B

1.55B

Gross Profit Margin

32.0%

30.1%

25.6%

25.0%

26.8%

25.6%

25.5%

25.7%

Total Operating Expenses

3.87B

3.48B

4.24B

3.84B

2.84B

2.82B

2.01B

1.60B

Research & Development

1.64B

1.54B

1.90B

1.48B

1.04B

1.02B

690.17M

564.23M

Selling, General & Administrative

2.24B

1.94B

2.34B

2.35B

1.80B

1.32B

1.03B

Operating Income (EBIT)

2.58B

1.41B

-492.27M

-705.09M

107.00M

-357.92M

-81.92M

-49.21M

Operating Margin

12.8%

8.7%

-3.4%

-5.6%

1.0%

-3.7%

-1.1%

-0.8%

Income Before Tax (EBT)

2.61B

1.39B

-557.39M

-395.88M

283.45M

-866.09M

-147.01M

-198.00M

Interest Income

287.77M

230.91M

144.59M

50.29M

12.52M

19.32M

34.30M

28.61M

Interest Expense

36.41M

37.28M

41.94M

43.87M

45.53M

61.38M

47.57M

6.87M

Other Income/Expense

30.54M

-24.85M

-65.12M

309.21M

176.44M

-508.17M

-65.09M

-148.78M

Net Income

2.60B

1.18B

-587.20M

-460.07M

-38.70M

-709.73M

-208.73M

-89.27M

Income Tax Expense

14.10M

210.20M

29.80M

64.20M

322.15M

-156.36M

61.72M

-108.73M

Net Profit Margin

12.9%

7.3%

-4.0%

-3.7%

-0.4%

-7.4%

-2.7%

-1.5%

EBITDA

2.70B

1.54B

-317.88M

-522.13M

251.58M

-222.33M

15.71M

-12.59M

EBITDA Margin

13.4%

9.5%

-2.2%

-4.2%

2.3%

-2.3%

0.2%

-0.2%

Depreciation & Amortization

119.81M

125.29M

174.39M

182.96M

144.57M

135.59M

97.63M

36.62M

EPS Basic

12.65

5.87

-3.01

-2.39

-0.20

-3.79

-1.16

-0.50

EPS Diluted

12.34

5.70

-3.01

-3.13

-1.17

-3.79

-1.16

-0.58

Shares Outstanding

205.41M

200.62M

194.73M

192.93M

191.30M

187.58M

180.96M

177.15M

Diluted Shares Outstanding

210.51M

206.99M

194.73M

195.85M

193.94M

187.58M

180.96M

181.21M

Income Statement

Quarterly Income Statement (USD)

Annual Income Statement (USD)