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 | N/A | N/A | N/A | N/A | N/A | N/A |
| EBITDA margin | 13.71% | 9.56% | −2.33% | −1.35% | N/A | N/A | N/A | N/A | N/A | N/A |
| 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
≈5.83%of listed shares
Ek Daniel G.11.99M shares · Mar 18, 2026
View holders
| Holder | % owned |
|---|---|
Ek Daniel G. | ≈5.83%11.99M shares |
BlackRock, Inc. | ≈5.29%10.89M shares |
BAILLIE GIFFORD & CO | ≈3.85%7.93M shares |
MORGAN STANLEY | ≈3.60%7.42M shares |
STATE STREET CORP | ≈2.25%4.63M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | ≈1.75%3.6M shares |
WELLINGTON MANAGEMENT GROUP LLP | ≈1.51%3.11M shares |
WCM INVESTMENT MANAGEMENT, LLC | ≈1.38%2.84M shares |
JENNISON ASSOCIATES LLC | ≈1.36%2.81M shares |
Fisher Asset Management, LLC | ≈1.30%2.67M shares |
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | ≈1.20%2.46M shares |
BAMCO INC /NY/ | ≈1.18%2.43M shares |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | ≈1.04%2.13M shares |
Jupiter Topco LLC | ≈0.98%2.02M shares |
DEUTSCHE BANK AG\ | ≈0.91%1.87M shares |
GOLDMAN SACHS GROUP INC | ≈0.89%1.84M shares |
SANDS CAPITAL MANAGEMENT, LLC | ≈0.86%1.76M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈0.85%1.75M shares |
PRINCIPAL FINANCIAL GROUP INC | ≈0.78%1.6M shares |
Harding Loevner LP | ≈0.78%1.6M shares |
Percentages use 205.83M shares of this listed class outstanding on Dec 31, 2025. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 3 ↗Updated Oct 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Sep 14, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 333 | $549.49 | $183.0K | 20.0K |
| Sep 14, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 693 | $548.74 | $380.3K | 20.4K |
| Sep 14, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 755 | $547.81 | $413.6K | 21.1K |
| Sep 14, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 2.2K | $546.68 | $1.20M | 21.8K |
| Sep 14, 2026Form 4 · 10b5-1 | Soderstrom GustavCo-Chief Executive Officer | SellOrdinary Share | 2.0K | $545.60 | $1.07M | 24.0K |
Community posts
Spotify forecasts higher holiday-quarter profit and subscriber growth
Spotify ($SPOT) reported third-quarter 2026 revenue of approximately €4.97 billion and operating profit of €672 million. Premium subscribers increased 9% to 306 million, while monthly active users rose 11% to 788 million. Gross margin reach ...
