Spotify Technology S.a. SPOT
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
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
Revenue compounded at +16.9% a year over the five years to FY2025.
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
Each EUR of equity produced 32 cents of profit this year.
The 10-year record
| 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. "—" not applicable · "◌" not available in our data.
Company facts, as filed
Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.