NYSE · RADIO BROADCASTING STATIONS · LARGE CAP
Spotify Technology S.a. SPOT
10 fiscal years on record · EUR · FY2025 reported · SEC filings only
In brief
What this company does
Written from the business description in Spotify Technology S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.
Growth
EUR 17.2B
Revenue, FY2025 · full 10-year series below
Revenue €B
Net income €B
FY2025 · Revenue 17.2 · Net income 2.2
Compound annual growth
Revenue compounded at +16.9% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
13 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 12.8% · Net 12.9%
ROE
FY2025 · ROE 31.9%
Each EUR of equity produced 32 cents of profit this year.
The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · EUR
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue €B | 17.2 | 15.7 | 13.2 | 11.7 | 9.7 | 7.9 | 6.8 | 5.3 | 4.1 | 3.0 |
| Operating income €B | 2.2 | 1.4 | −0.4 | −0.7 | 0.1 | −0.3 | −0.1 | −0.0 | −0.4 | −0.3 |
| EBITDA €B | · | · | · | · | · | · | · | · | · | · |
| Income tax €B | 0.0 | 0.2 | 0.0 | 0.1 | 0.3 | −0.1 | 0.1 | −0.1 | 0.0 | 0.0 |
| Net income €B | 2.2 | 1.1 | −0.5 | −0.4 | −0.0 | −0.6 | −0.2 | −0.1 | −1.2 | −0.5 |
| Free cash flow €B | 2.9 | 2.3 | 0.7 | 0.0 | 0.3 | 0.2 | 0.4 | 0.2 | 0.1 | 0.1 |
| EPS, diluted € | 10.51 | 5.50 | −2.73 | −2.93 | −1.03 | −3.10 | −1.03 | −0.51 | −8.14 | −3.63 |
| Dividend / sh € | · | · | · | · | · | · | · | · | · | · |
| Payout % | · | · | · | · | −0 | · | · | · | · | · |
| ROE % | 31.9 | 28.3 | −21.6 | −19.0 | −1.4 | −24.0 | −9.0 | −6.7 | · | · |
| Shares out B | · | · | 0.20 | 0.19 | · | · | · | · | · | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Provenance
Company facts, as filed
How we verify · 0 failures in 48 reconciliationsAUDITED
Reconciled in 10 of 19 fiscal years. 47 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRadio Broadcasting Stations
Listed onNYSE
Incorporated inoutside the United States — SEC code N4
Fiscal year endsDecember 31
Data on record since2016