Financials in USD. Standardized financial statements.
A compact view of how Spotify Technology S.A. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $17.19B | $15.67B | $13.25B | $11.73B | $9.67B | $7.88B | $6.76B | $5.26B | $4.09B | $2.95B |
| Revenue Growth? | +9.7% | +18.3% | +13.0% | +21.3% | +22.7% | +16.5% | +28.6% | +28.6% | +38.6% | 0.0% |
| Cost of Revenue? | $11.69B | $10.95B | $9.85B | $8.80B | $7.08B | $5.87B | $5.04B | $3.91B | $3.24B | $2.55B |
| Gross Profit? | $5.50B | $4.72B | $3.40B | $2.93B | $2.59B | $2.02B | $1.72B | $1.35B | $849.00M | $401.00M |
| Gross Margin? | +32.0% | +30.1% | +25.6% | +25.0% | +26.8% | +25.6% | +25.5% | +25.7% | +20.8% | +13.6% |
| Operating Expenses? | $3.30B | $3.36B | $3.84B | $3.58B | $2.50B | $2.31B | $1.79B | $1.40B | $1.23B | $750.00M |
| Operating Income? | $2.20B | $1.36B | -$446.00M | -$659.00M | $94.00M | -$293.00M | -$73.00M | -$43.00M | -$378.00M | -$349.00M |
| EBITDA? | $2.36B | $1.50B | -$309.00M | -$158.00M | $416.00M | -$544.00M | -$1.00M | -$135.00M | -$1.18B | -$492.00M |
| Income Before Tax | $2.22B | $1.34B | -$505.00M | -$370.00M | $249.00M | -$709.00M | -$131.00M | -$173.00M | -$1.23B | -$535.00M |
| Income Tax Expense | $12.00M | $203.00M | $27.00M | $60.00M | $283.00M | -$128.00M | $55.00M | -$95.00M | $2.00M | $4.00M |
| Net Income? | $2.21B | $1.14B | -$532.00M | -$430.00M | -$34.00M | -$581.00M | -$186.00M | -$78.00M | -$1.24B | -$539.00M |
| EPS? | $10.77 | $5.67 | $-2.73 | $-2.23 | $-0.18 | $-3.10 | $-1.03 | $-0.44 | $-6.93 | $-3.21 |
| Diluted EPS? | $10.51 | $5.50 | $-2.73 | $-2.93 | $-1.03 | $-3.10 | $-1.03 | $-0.51 | $-6.93 | $-3.21 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality