Spotify Technology SPOT
$603.01 −$11.40 (-1.86%)
Market closed · Nov 6, 10:10 pm ET · Last extended-hours $603.01 0.00%
Open$592.23
Prev close$614.41
Day range$589.50 – $610.82
Volume1.84M
Market cap$123.93B
P/E (TTM)38.1
Dividend yield–
Fundamentals
Latest reported quarter: Q3, ended Sep 2026 · reported in EUR
Revenue€4.97B+16.3% YoY
Operating profit€672.00M+15.5% YoY
Net profit€518.00M-42.4% YoY
Diluted EPS€2.48-24.4% YoY
Free cash flow€734.00M-8.9% YoY
Operating cash flow€740.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin33.1%
Operating margin14.6%
Net margin15.7%
Return on equity35.8%
Return on assets20.4%
Return on invested capital29.0%
Current ratio2.13
Liabilities / assets38.9%
Cash & investments€9.89B
Total debt€391.00M
Net cash (debt)€9.50B
Free cash flow / sales17.0%
Where the revenue comes from
Quarter 2026/Q3
By business line
This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.
Income statement
| Line item | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| Total Revenue as Reported | €4.97B | €4.78B | €4.53B | €17.19B | €4.53B |
| Total Operating Revenue | €4.97B | €4.78B | €4.53B | €17.19B | €4.53B |
| Cost of Revenue | €3.33B | €3.18B | €3.04B | €11.69B | €3.03B |
| Gross Profit | €1.64B | €1.60B | €1.50B | €5.50B | €1.50B |
| Operating Expense | €967.00M | €941.00M | €780.00M | €3.30B | €798.00M |
| Selling and Admin Expenses | €550.00M | €538.00M | €449.00M | €1.91B | €508.00M |
| -Selling & Marketing Expense | €406.00M | €390.00M | €342.00M | €1.43B | €399.00M |
| -General & Admin Expense | €144.00M | €148.00M | €107.00M | €479.00M | €109.00M |
| Research & Development | €417.00M | €403.00M | €331.00M | €1.39B | €290.00M |
| Operating Profit | €672.00M | €655.00M | €715.00M | €2.20B | €701.00M |
| Net Non-Operating Interest Income (Expense) | €55.00M | €49.00M | €56.00M | €226.00M | €57.00M |
| Non-Operating Interest Income | €58.00M | €48.00M | €54.00M | €245.00M | €58.00M |
| Non-Operating Interest Expense | €5.00M | €8.00M | €7.00M | €31.00M | €7.00M |
| Total Other Finance Costs | -€2.00M | -€9.00M | -€9.00M | -€12.00M | -€6.00M |
| Other Income (Expense) | -€22.00M | €16.00M | €166.00M | -€200.00M | €263.00M |
| Gain on Sale of Security | -€22.00M | €16.00M | €166.00M | -€200.00M | €263.00M |
| Pretax Profit | €705.00M | €720.00M | €937.00M | €2.22B | €1.02B |
| Tax | €187.00M | €175.00M | €216.00M | €12.00M | -€153.00M |
| Net Profit | €518.00M | €545.00M | €721.00M | €2.21B | €1.17B |
| Profit from Continuing Operations | €518.00M | €545.00M | €721.00M | €2.21B | €1.17B |
| Net Income to Parent Company | €518.00M | €545.00M | €721.00M | €2.21B | €1.17B |
| Net Income to Common Stockholders | €518.00M | €545.00M | €721.00M | €2.21B | €1.17B |
| Basic EPS | €2.52 | €2.65 | €3.50 | €10.77 | €5.71 |
| Diluted EPS | €2.48 | €2.61 | €3.45 | €10.51 | €4.43 |
Balance sheet
| Line item | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| Total Assets | €14.31B | €13.75B | €13.13B | €15.02B | €15.02B |
| Total Current Assets | €10.90B | €10.38B | €9.66B | €10.50B | €10.50B |
| Cash and Cash Equivalents & Short-Term Investments | €9.89B | €9.39B | €8.75B | €9.47B | €9.47B |
| -Cash and Cash Equivalents | €6.03B | €5.94B | €5.26B | €5.26B | €5.26B |
| -Short Term Investments | €3.86B | €3.45B | €3.49B | €4.21B | €4.21B |
| Receivables | €865.00M | €872.00M | €777.00M | €918.00M | €918.00M |
| -Accounts Receivable | €561.00M | €543.00M | €463.00M | €536.00M | €536.00M |
| -Taxes Receivable | €48.00M | €92.00M | €94.00M | €116.00M | €116.00M |
| -Other Receivables | €256.00M | €237.00M | €220.00M | €266.00M | €266.00M |
| Other Current Assets | €131.00M | €103.00M | €126.00M | €103.00M | €103.00M |
| Total Non-Current Assets | €3.41B | €3.37B | €3.47B | €4.52B | €4.52B |
| Net PPE | €408.00M | €418.00M | €409.00M | €422.00M | €422.00M |
| -Gross PPE | €1.07B | €1.05B | €1.06B | €1.06B | €1.06B |
| -Accumulated Depreciation | -€658.00M | -€631.00M | -€649.00M | -€641.00M | -€641.00M |
| Investments and Advances | €1.07B | €1.12B | €1.19B | €2.18B | €2.18B |
| Non Current Accounts Receivables | €69.00M | €71.00M | €71.00M | €69.00M | €69.00M |
| Non-Current Prepaid Assets | €120.00M | – | – | – | – |
| Goodwill and Other Intangible Assets | €1.15B | €1.15B | €1.14B | €1.12B | €1.12B |
| -Goodwill | €1.12B | €1.11B | €1.10B | €1.08B | €1.08B |
| -Other Intangible Assets | €30.00M | €36.00M | €41.00M | €41.00M | €41.00M |
| Non-Current Deferred Assets | €548.00M | €563.00M | €596.00M | €662.00M | €662.00M |
| Other Non-Current Assets | €54.00M | €56.00M | €59.00M | €61.00M | €61.00M |
| Total Liabilities | €5.57B | €5.36B | €5.12B | €6.69B | €6.69B |
| Total Current Liabilities | €5.12B | €4.91B | €4.69B | €6.09B | €6.09B |
| Payables | €1.56B | €1.46B | €1.37B | €1.24B | €1.24B |
| -Accounts Payable | €958.00M | €888.00M | €821.00M | €783.00M | €783.00M |
| -Total Tax Payable | €603.00M | €572.00M | €545.00M | €452.00M | €452.00M |
| Current Accrued Expenses | €2.59B | €2.51B | €2.41B | €2.52B | €2.52B |
| Short-Term Debt and Capital Lease Obligation | €61.00M | €62.00M | €62.00M | €1.52B | €1.52B |
| -Current Capital Lease Obligation | €61.00M | €62.00M | €62.00M | €65.00M | €65.00M |
| Current Provisions | €48.00M | €45.00M | €49.00M | €51.00M | €51.00M |
| Current Deferred Liabilities | €794.00M | €778.00M | €750.00M | €711.00M | €711.00M |
| Other Current Liabilities | €65.00M | €58.00M | €52.00M | €41.00M | €41.00M |
| Total Non-Current Liabilities | €451.00M | €449.00M | €430.00M | €601.00M | €601.00M |
| Non-Current Accrued Expenses | €2.00M | €2.00M | €2.00M | €2.00M | €2.00M |
| Long Term Debt and Capital Lease Obligation | €391.00M | €404.00M | €414.00M | €433.00M | €433.00M |
| -Long Term Capital Lease Obligation | €391.00M | €404.00M | €414.00M | €433.00M | €433.00M |
| Non-Current Liabilities | €13.00M | €13.00M | €3.00M | €3.00M | €3.00M |
| Non-Current Deferred Liabilities | €45.00M | €30.00M | €11.00M | €163.00M | €163.00M |
| Total Equity | €8.74B | €8.39B | €8.01B | €8.33B | €8.33B |
| Stockholders' Equity | €8.74B | €8.39B | €8.01B | €8.33B | €8.33B |
| Capital Stock | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| -Common Stock | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| Additional Paid-In Capital | €6.69B | €6.62B | €6.56B | €6.50B | €6.50B |
| Retained Earnings | €985.00M | €421.00M | -€124.00M | -€832.00M | -€832.00M |
| Less: Treasury Stock | €1.57B | €1.25B | €1.01B | €701.00M | €701.00M |
| Gains/Losses Not Affecting Retained Earnings | €2.63B | €2.59B | €2.58B | €3.37B | €3.37B |
| -Current Debt | – | – | – | €1.46B | €1.46B |
Cash flow
| Line item | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| Operating Cash Flow | €740.00M | €816.00M | €836.00M | €2.93B | €856.00M |
| Net cash flow from continuing operations | €740.00M | €816.00M | €836.00M | €2.93B | €856.00M |
| Net Income from Continuing Operations | €518.00M | €545.00M | €721.00M | €2.21B | €1.17B |
| Gain/Loss from Continuing Operations | €22.00M | – | – | €77.00M | €215.00M |
| Depreciation & Depletion & Amortization | €33.00M | €29.00M | €26.00M | €102.00M | €25.00M |
| Deferred Tax | €187.00M | €175.00M | €216.00M | €12.00M | -€153.00M |
| Other Non-Cash Items | -€55.00M | €118.00M | -€224.00M | -€93.00M | -€534.00M |
| Change in Working Capital | -€27.00M | €89.00M | €29.00M | €248.00M | €24.00M |
| -Change in Receivables | -€194.00M | -€80.00M | €91.00M | -€115.00M | -€66.00M |
| -Change in Payables and Accrued Expense | €152.00M | €150.00M | -€94.00M | €281.00M | €70.00M |
| -Change In Other Working Capital | €15.00M | €19.00M | €32.00M | €82.00M | €20.00M |
| Net cash flow from investing | -€354.00M | €62.00M | €732.00M | -€1.79B | -€629.00M |
| Net Cash Flow from Continuing Investing Activities | -€354.00M | €62.00M | €732.00M | -€1.79B | -€629.00M |
| Net PPE Purchase and Sale | -€6.00M | -€20.00M | -€5.00M | -€61.00M | -€22.00M |
| Net Business Purchase and Sale | €0.00 | €0.00 | €0.00 | -€18.00M | -€9.00M |
| Net Investment Purchase and Sale | -€351.00M | €50.00M | €744.00M | -€1.73B | -€597.00M |
| Net Other Investing Changes | €3.00M | €3.00M | -€7.00M | -€3.00M | -€1.00M |
| Financing Cash Flow | -€305.00M | -€218.00M | -€1.61B | -€381.00M | -€418.00M |
| Net Cash Flow from Continuing Financing Activities | -€305.00M | -€218.00M | -€1.61B | -€381.00M | -€418.00M |
| Net Issuance Payments Of Debt | -€1.32B | -€16.00M | -€20.00M | -€73.00M | -€14.00M |
| Net Common Stock Issuance | -€313.00M | -€232.00M | -€306.00M | -€439.00M | -€381.00M |
| Proceeds from Stock Option Exercised | €68.00M | €64.00M | €64.00M | €372.00M | €37.00M |
| Net Other Financing Charges | €1.26B | -€34.00M | -€1.35B | -€241.00M | -€60.00M |
| Ending Cash Balance | €6.03B | €5.94B | €5.26B | €5.26B | €5.26B |
| Net Change in Cash | €81.00M | €660.00M | -€43.00M | €767.00M | -€191.00M |
| Beginning Cash Balance | €5.94B | €5.26B | €5.26B | €4.78B | €5.46B |
| Effect of Exchange Rate Changes | €13.00M | €23.00M | €40.00M | -€290.00M | -€7.00M |
| Free Cash Flow | €734.00M | €796.00M | €831.00M | €2.87B | €834.00M |
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