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) Net margin
Spotify Technology's net margin over the twelve months to 30 September 2026 was 15.5%, up 2.6 percentage points from fiscal 2025 (12.9%). Over the past ten years it has ranged from −30.2% (fiscal 2017) to 12.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Internet Content & Information industry median of −1.37% and above the Communication Services sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 12.9% | 5.61 |
| FY2024 | 7.26% | 11.28 |
| FY2023 | −4.02% | (0.35) |
| FY2022 | −3.67% | (3.32) |
| FY2021 | −0.35% | 7.02 |
| FY2020 | −7.37% | (4.62) |
| FY2019 | −2.75% | (1.27) |
| FY2018 | −1.48% | 28.72 |
| FY2017 | −30.2% | (11.95) |
| FY2016 | −18.3% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 10.4% | (0.99) |
| Jun 2026 | 11.4% | (4.50) |
| Mar 2026 | 15.9% | (8.96) |
| Dec 2025 | 24.9% | 3.83 |
| 31 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| RDDT Reddit Inc. compare | 32.1% |
| META Meta Platforms, Inc. compare | 31.2% |
| MTCH Match Group Inc. compare | 20.7% |
| SPOT Spotify Technology | 15.5% |
| PINS Pinterest, Inc. compare | 3.81% |
| SNAP Snap Inc. compare | −2.30% |
| BIDU Baidu, Inc. compare | −2.58% |
| ZG Zillow Group, Inc. compare | −3.95% |
| Z Zillow Group, Inc. compare | −3.95% |
| Internet Content & Information industry median | −1.37% |
| Communication Services sector median | 0.00% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on SPOT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement