Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Spotify Technology S.A. (SPOT)
Price$542.43Cached quote
Net income
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €17.19B | €15.67B | €13.25B | €11.73B | €9.67B | €7.88B | €6.76B | €5.26B | €4.09B | €2.95B |
| Gross profit | €5.50B | €4.72B | €3.40B | €2.93B | €2.59B | €2.02B | €1.72B | €1.35B | €849.0M | €401.0M |
| Gross margin | 31.98% | 30.14% | 25.64% | 24.95% | 26.80% | 25.57% | 25.46% | 25.73% | 20.76% | 13.58% |
| Research & development | €1.39B | €1.49B | €1.73B | €1.39B | €912.0M | €837.0M | €615.0M | €493.0M | €396.0M | €207.0M |
| Operating expenses | €3.30B | €3.36B | €3.84B | €3.58B | €2.50B | €2.31B | €1.79B | €1.40B | €1.23B | €750.0M |
| Operating income | €2.20B | €1.36B | −€446.0M | −€659.0M | €94.0M | −€293.0M | −€73.0M | −€43.0M | −€378.0M | −€349.0M |
| Operating margin | 12.79% | 8.71% | −3.37% | −5.62% | 0.97% | −3.72% | −1.08% | −0.82% | −9.24% | −11.82% |
| EBITDA | €2.36B | €1.50B | −€309.0M | −€158.0M | — | — | — | — | — | — |
| EBITDA margin | 13.71% | 9.56% | −2.33% | −1.35% | — | — | — | — | — | — |
| Net income | €2.21B | €1.14B | −€532.0M | −€430.0M | −€34.0M | −€581.0M | −€186.0M | −€78.0M | −€1.24B | −€539.0M |
| Net profit margin | 12.87% | 7.26% | −4.02% | −3.67% | −0.35% | −7.37% | −2.75% | −1.48% | −30.20% | −18.26% |
| Basic EPSper basic share | €10.77 | €5.67 | -€2.73 | -€2.23 | -€0.18 | -€3.10 | -€1.03 | -€0.44 | -€8.14 | -€3.63 |
| Diluted EPSper diluted share | €10.51 | €5.50 | -€2.73 | -€2.93 | -€1.03 | -€3.10 | -€1.03 | -€0.51 | -€8.14 | -€3.63 |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
Ek Daniel G. | 11.99M |
BlackRock, Inc. | 10.89M |
BAILLIE GIFFORD & CO | 7.93M |
MORGAN STANLEY | 7.42M |
STATE STREET CORP | 4.63M |
PRICE T ROWE ASSOCIATES INC /MD/ | 3.6M |
WELLINGTON MANAGEMENT GROUP LLP | 3.11M |
WCM INVESTMENT MANAGEMENT, LLC | 2.84M |
JENNISON ASSOCIATES LLC | 2.81M |
Fisher Asset Management, LLC | 2.67M |
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 2.46M |
BAMCO INC /NY/ | 2.43M |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2.13M |
Jupiter Topco LLC | 2.02M |
DEUTSCHE BANK AG\ | 1.87M |
GOLDMAN SACHS GROUP INC | 1.84M |
SANDS CAPITAL MANAGEMENT, LLC | 1.76M |
GEODE CAPITAL MANAGEMENT, LLC | 1.75M |
PRINCIPAL FINANCIAL GROUP INC | 1.6M |
Harding Loevner LP | 1.6M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 3 ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 2, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 20.8K | $496.52 | $10.34M | 20.4K |
| Jun 2, 2026Form 4 · 10b5-1 | Norstrom AlexCo-Chief Executive Officer | SellOrdinary Share | 5.4K | $498.27 | $2.71M | 68.4K |
| May 26, 2026Form 4 | Marshall Christopher PDirector | SellOrdinary Share | 2.6K | $519.86 | $1.38M | 4.0K |
| May 26, 2026Form 4 | STAGGS THOMAS ODirector | SellOrdinary Share | 5.5K | $526.00 | $2.88M | 3.6K |
| May 22, 2026Form 4 | Lorentzon Sven Hans MartinDirector | SellOrdinary Share | 35.4K | $525.73 | $18.60M | 6.4K |