SPOT
Income statement / Annual
Last year (2025), Spotify Technology S.A.'s total revenue was $17.19 B,
an increase of 9.65% from the previous year.
In 2025, Spotify Technology S.A.'s net income was $2.21 B.
See Spotify Technology S.A.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$17.19 B |
$15.67 B |
$13.25 B |
$11.73 B |
$9.67 B |
$7.88 B |
$6.76 B |
$5.26 B |
$4.09 B |
$2.95 B |
| Cost of Revenue |
$11.69 B
|
$10.95 B
|
$9.85 B
|
$8.80 B
|
$7.08 B
|
$5.87 B
|
$5.04 B
|
$3.91 B
|
$3.24 B
|
$2.55 B
|
| Gross Profit |
$5.50 B
|
$4.72 B
|
$3.40 B
|
$2.93 B
|
$2.59 B
|
$2.02 B
|
$1.72 B
|
$1.35 B
|
$849.00 M
|
$401.00 M
|
| Gross Profit Ratio |
0.32
|
0.3
|
0.26
|
0.25
|
0.27
|
0.26
|
0.25
|
0.26
|
0.21
|
0.14
|
| Research and Development Expenses |
$1.39 B
|
$1.49 B
|
$1.73 B
|
$1.39 B
|
$912.00 M
|
$837.00 M
|
$615.00 M
|
$493.00 M
|
$396.00 M
|
$207.00 M
|
| General & Administrative Expenses |
$479.00 M
|
$481.00 M
|
$585.00 M
|
$626.00 M
|
$450.00 M
|
$442.00 M
|
$354.00 M
|
$283.00 M
|
$264.00 M
|
$175.00 M
|
| Selling & Marketing Expenses |
$1.43 B
|
$1.39 B
|
$1.53 B
|
$1.57 B
|
$1.14 B
|
$1.03 B
|
$826.00 M
|
$620.00 M
|
$567.00 M
|
$368.00 M
|
| Selling, General & Administrative Expenses |
$1.91 B
|
$1.87 B
|
$2.12 B
|
$2.20 B
|
$1.59 B
|
$1.47 B
|
$1.18 B
|
$903.00 M
|
$831.00 M
|
$543.00 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$3.30 B
|
$3.36 B
|
$3.84 B
|
$3.59 B
|
$2.50 B
|
$2.31 B
|
$1.80 B
|
$1.40 B
|
$1.23 B
|
$750.00 M
|
| Cost And Expenses |
$14.99 B
|
$14.31 B
|
$13.69 B
|
$12.39 B
|
$9.57 B
|
$8.17 B
|
$6.84 B
|
$5.30 B
|
$4.47 B
|
$3.30 B
|
| Interest Income |
$245.00 M
|
$223.00 M
|
$131.00 M
|
$47.00 M
|
$11.00 M
|
$15.82 M
|
$30.56 M
|
$25.00 M
|
$18.31 M
|
$5.00 M
|
| Interest Expense |
$31.00 M
|
$36.00 M
|
$38.00 M
|
$41.00 M
|
$40.00 M
|
$50.25 M
|
$42.39 M
|
$6.00 M
|
$508.82 M
|
$5.00 M
|
| Depreciation & Amortization |
$102.00 M
|
$121.00 M
|
$158.00 M
|
$171.00 M
|
$127.00 M
|
$111.00 M
|
$87.00 M
|
$32.00 M
|
$54.00 M
|
$38.00 M
|
| EBITDA |
$2.36 B |
$1.50 B |
-$309.00 M |
-$158.00 M |
$416.00 M |
-$544.00 M |
-$1.00 M |
-$135.00 M |
-$1.18 B |
-$492.00 M |
| EBITDA Ratio |
0.14
|
0.1
|
-0.02
|
-0.01
|
0.04
|
-0.07
|
-0
|
-0.03
|
-0.29
|
-0.17
|
| Operating Income Ratio |
0.13
|
0.09
|
-0.03
|
-0.06
|
0.01
|
-0.04
|
-0.01
|
-0.01
|
-0.09
|
-0.12
|
| Total Other Income/Expenses Net |
$26.00 M
|
-$24.00 M
|
-$59.00 M
|
$289.00 M
|
$155.00 M
|
-$416.00 M
|
-$58.00 M
|
-$130.00 M
|
-$855.00 M
|
-$186.00 M
|
| Income Before Tax |
$2.22 B
|
$1.34 B
|
-$505.00 M
|
-$370.00 M
|
$249.00 M
|
-$709.00 M
|
-$131.00 M
|
-$173.00 M
|
-$1.23 B
|
-$535.00 M
|
| Income Before Tax Ratio |
0.13
|
0.09
|
-0.04
|
-0.03
|
0.03
|
-0.09
|
-0.02
|
-0.03
|
-0.3
|
-0.18
|
| Income Tax Expense |
$12.00 M
|
$203.00 M
|
$27.00 M
|
$60.00 M
|
$283.00 M
|
-$128.00 M
|
$55.00 M
|
-$95.00 M
|
$2.00 M
|
$4.00 M
|
| Net Income |
$2.21 B
|
$1.14 B
|
-$532.00 M
|
-$430.00 M
|
-$34.00 M
|
-$581.00 M
|
-$186.00 M
|
-$78.00 M
|
-$1.24 B
|
-$539.00 M
|
| Net Income Ratio |
0.13
|
0.07
|
-0.04
|
-0.04
|
-0
|
-0.07
|
-0.03
|
-0.01
|
-0.3
|
-0.18
|
| EPS |
10.77 |
5.67 |
-2.73 |
-2.23 |
-0.18 |
-3.1 |
-1.03 |
-0.44 |
-6.93 |
-3.21 |
| EPS Diluted |
10.51 |
5.5 |
-2.73 |
-2.93 |
-1.03 |
-3.1 |
-1.03 |
-0.51 |
-6.93 |
-3.21 |
| Weighted Average Shares Out |
$205.41 M
|
$200.62 M
|
$194.73 M
|
$192.93 M
|
$191.30 M
|
$187.58 M
|
$180.96 M
|
$177.15 M
|
$178.11 M
|
$167.78 M
|
| Weighted Average Shares Out Diluted |
$210.51 M
|
$206.99 M
|
$194.73 M
|
$195.85 M
|
$193.94 M
|
$187.58 M
|
$180.96 M
|
$181.21 M
|
$178.11 M
|
$167.78 M
|
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