Spotify Technology revenue and financials
$483.05Change from previous close: +2.15%Absolute change: +$10.16
In the fiscal year ended December 2025, Spotify Technology reported revenue of €17.19B (+9.65% year over year). Net income was €2.21B, a net margin of 12.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.65%
- 2025 vs 2024
- Net income growth
- +94.38%
- 2025 vs 2024
- Net margin
- 12.9%
- 2024: 7.3%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 13,748 | 13,128 | 15,015 | 14,689 | 13,465 | 12,687 | 12,005 | 10,553 | 10,146 | 9,075 | 8,346 | 7,592 |
| Current assets | 10,376 | 9,659 | 10,496 | 10,057 | 9,299 | 8,854 | 8,379 | 7,003 | 6,344 | 5,644 | 5,260 | 4,695 |
| Cash and equivalents | 5,938 | 5,255 | 5,258 | 5,456 | 5,161 | 5,019 | 4,781 | 4,688 | 4,054 | 3,451 | 3,114 | 2,618 |
| Short-term investments | 1,047 | 1,038 | 2,458 | 2,026 | 1,690 | 1,938 | 1,972 | 896 | 896 | 883 | 859 | 857 |
| Receivables | 872 | 777 | 918 | 852 | 819 | 795 | 799 | 776 | 788 | 798 | 878 | 755 |
| Net property, plant and equipment | 418 | 409 | 422 | 416 | 417 | 401 | 414 | 430 | 465 | 498 | 547 | 618 |
| Goodwill | 1,110 | 1,099 | 1,083 | 1,078 | 1,074 | 1,156 | 1,201 | 1,128 | 1,167 | 1,159 | 1,137 | 1,180 |
| Other intangible assets | 25.0 | 29.0 | 29.0 | 24.0 | 28.0 | 34.0 | 40.0 | 49.0 | 57.0 | 64.0 | 71.0 | 81.0 |
| Long-term investments | 1,118 | 1,194 | 2,181 | 2,888 | 2,417 | 1,958 | 1,635 | 1,604 | 1,931 | 1,534 | 1,215 | 903 |
| Current liabilities | 4,914 | 4,688 | 6,085 | 6,239 | 6,312 | 5,965 | 4,450 | 4,106 | 4,059 | 3,966 | 4,090 | 3,701 |
| Accounts payable | 888 | 821 | 783 | 802 | 803 | 693 | 933 | 738 | 750 | 715 | 662 | 655 |
| Long-term debt | — | — | — | — | — | — | 1,539 | 1,340 | 1,323 | 1,270 | 1,203 | 1,209 |
| Total debt | 466 | 476 | 1,956 | 2,246 | 2,382 | — | — | — | — | — | — | — |
| Total liabilities | 5,363 | 5,118 | 6,686 | 6,910 | 6,838 | 6,440 | 6,480 | 5,920 | 5,887 | 5,766 | 5,823 | 5,453 |
| Total equity (incl. minority) | 8,385 | 8,010 | 8,329 | 7,779 | 6,627 | 6,247 | 5,525 | 4,633 | 4,259 | 3,309 | 2,523 | 2,139 |
| Retained earnings | 421 | -124 | -832 | -2,006 | -2,905 | -2,819 | -3,044 | -3,411 | -3,711 | -3,985 | -4,182 | -4,112 |