stockrowSpotify Technology
SPOT Communication Services Internet Content & Information
Spotify Technology’s revenue for fiscal 2025 (year ended December 2025) was $19.4 billion, up 14.6% from fiscal 2024.
- Revenue
- +14.5%
- EPS
- −43.1%
- Free cash flow
- −16.1%
Quarter to September 2026, against a year earlier
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Spotify Technology (SPOT) Free cash flow
Spotify Technology's free cash flow for fiscal 2025 was $3.2B, up 31.5% from $2.5B in fiscal 2024. Over the twelve months to 30 September 2026 it was $3.6B. Over the past ten years it has ranged from $22.1M (fiscal 2022) to $3.2B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Spotify Technology ranks 4th of 68 Internet Content & Information companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.2B | 31.47% |
| FY2024 | $2.5B | 238.81% |
| FY2023 | $729.5M | 3,196.95% |
| FY2022 | $22.1M | (93.22%) |
| FY2021 | $326.5M | 57.93% |
| FY2020 | $206.8M | (57.85%) |
| FY2019 | $490.6M | 89.67% |
| FY2018 | $258.6M | 72.05% |
| FY2017 | $150.3M | 34.55% |
| FY2016 | $111.7M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $825.8M | (10.15%) |
| Jun 2026 | $919.1M | (5.50%) |
| Mar 2026 | $972.6M | 12.16% |
| Dec 2025 | $867.2M | (11.84%) |
| 32 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| META Meta Platforms, Inc. compare | $28.6B |
| SPOT Spotify Technology | $3.6B |
| PINS Pinterest, Inc. compare | $1.3B |
| RDDT Reddit Inc. compare | $1.2B |
| MTCH Match Group Inc. compare | $1.1B |
| SNAP Snap Inc. compare | $776.6M |
| ZG Zillow Group, Inc. compare | $274.0M |
| Z Zillow Group, Inc. compare | $274.0M |
| BIDU Baidu, Inc. compare | −$2.3B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- EPS (diluted)
- EBITDA
- Operating cash flow
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- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
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- Current ratio
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