Spotify Technology S.A.
NYSE:SPOT
686.74 (USD) • At close August 7, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 15,673 | 13,247 | 11,727 | 9,668 | 7,880 | 6,764 | 5,259 | 4,090 | 2,952 | 1,940 |
| Cost of Revenue
| 10,949 | 9,850 | 8,801 | 7,077 | 5,865 | 5,042 | 3,906 | 3,241 | 2,551 | 1,714 |
| Gross Profit
| 4,724 | 3,397 | 2,926 | 2,591 | 2,015 | 1,722 | 1,353 | 849 | 401 | 226 |
| Gross Profit Ratio
| 0.301 | 0.256 | 0.25 | 0.268 | 0.256 | 0.255 | 0.257 | 0.208 | 0.136 | 0.116 |
| Reseach & Development Expenses
| 1,486 | 1,725 | 1,387 | 912 | 837 | 615 | 493 | 396 | 207 | 136 |
| General & Administrative Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling & Marketing Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 1,873 | 2,118 | 2,198 | 1,585 | 1,471 | 1,180 | 903 | 831 | 543 | 325 |
| Other Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses
| 3,359 | 3,843 | 3,585 | 2,497 | 2,308 | 1,795 | 1,396 | 1,227 | 750 | 461 |
| Operating Income
| 1,365 | -446 | -659 | 94 | -293 | -73 | -43 | -378 | -349 | -235 |
| Operating Income Ratio
| 0.087 | -0.034 | -0.056 | 0.01 | -0.037 | -0.011 | -0.008 | -0.092 | -0.118 | -0.121 |
| Total Other Income Expenses Net
| -24 | -59 | 289 | 155 | -416 | -58 | -130 | -855 | -186 | 10 |
| Income Before Tax
| 1,341 | -505 | -370 | 249 | -709 | -131 | -173 | -1,233 | -535 | -225 |
| Income Before Tax Ratio
| 0.086 | -0.038 | -0.032 | 0.026 | -0.09 | -0.019 | -0.033 | -0.301 | -0.181 | -0.116 |
| Income Tax Expense
| 203 | 27 | 60 | 283 | -128 | 55 | -95 | 2 | 4 | 5 |
| Net Income
| 1,138 | -532 | -430 | -34 | -581 | -186 | -78 | -1,235 | -539 | -230 |
| Net Income Ratio
| 0.073 | -0.04 | -0.037 | -0.004 | -0.074 | -0.027 | -0.015 | -0.302 | -0.183 | -0.119 |
| EPS
| 5.67 | -2.73 | -2.23 | -0.18 | -3.1 | -1.03 | -0.44 | -6.93 | -3.21 | -1.37 |
| EPS Diluted
| 5.74 | -2.68 | -2.86 | -1.07 | -2.88 | -1.01 | -0.455 | -6.48 | -3.09 | -1.27 |
| EBITDA
| 1,498 | -309 | -158 | 416 | -544 | -1 | -135 | -1,175 | -492 | -194 |
| EBITDA Ratio
| 0.096 | -0.023 | -0.013 | 0.043 | -0.069 | -0 | -0.026 | -0.287 | -0.167 | -0.1 |