Spotify Technology S.A annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Spotify Technology S.A Net Debt Growth & History (SPOT)
Spotify Technology S.A's net debt was −€3.30B for fiscal 2025.
View full Spotify Technology S.A company overviewSpotify Technology S.A annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −€3.30B | −€597.0M | — |
| 2024 | 2024-12-31 | −€2.71B | −€1.35B | — |
| 2023 | 2023-12-31 | −€1.35B | −€611.0M | — |
| 2022 | 2022-12-31 | −€742.0M | €177.0M | — |
| 2021 | 2021-12-31 | −€919.0M | −€376.0M | — |
| 2020 | 2020-12-31 | −€543.0M | −€106.0M | — |
| 2019 | 2019-12-31 | −€437.0M | −€87.0M | — |
| 2018 | 2018-12-31 | −€350.0M | — | — |
Spotify Technology S.A quarterly net debt
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −€5.47B | −€2.69B | — |
| Q1 2026 | 2026-03-31 | −€4.78B | — | — |
| Q4 2025 | 2025-12-31 | −€3.30B | −€597.0M | — |
| Q3 2025 | 2025-09-30 | −€3.21B | — | — |
| Q2 2025 | 2025-06-30 | −€2.78B | — | — |
| Q4 2024 | 2024-12-31 | −€2.71B | −€1.35B | — |
| Q4 2023 | 2023-12-31 | −€1.35B | −€611.0M | — |
| Q4 2022 | 2022-12-31 | −€742.0M | €177.0M | — |
| Q4 2021 | 2021-12-31 | −€919.0M | −€376.0M | — |
| Q4 2020 | 2020-12-31 | −€543.0M | −€106.0M | — |
| Q4 2019 | 2019-12-31 | −€437.0M | −€87.0M | — |
| Q4 2018 | 2018-12-31 | −€350.0M | — | — |
Spotify Technology S.A net debt trends
Over the last five fiscal years, Spotify Technology S.A's net debt decreased from −€543.0M to −€3.30B, a change of −€2.76B. The latest reported quarter, Q2 2026, shows −€5.47B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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