Spotify Technology (SPOT) reported $19.4B in revenue for fiscal 2025, +14.5% year on year. That ranks #284 by revenue among 2853 SEC filers and #10 in Communication services. Net income was $2.5B, a net margin of 12.9%. Revenue has grown 21.9% a year on average since 2016 ($3.3B then). The fiscal 2025 balance sheet shows $17.6B in total assets, $6.2B in cash and $0 in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| Revenue€17.2B | $19.4B | +14.5% | FY20252025-12-31 |
| Gross profit€5.5B | $6.2B | +21.5% | FY20252025-12-31 |
| Operating income€2.2B | $2.5B | +68.1% | FY20252025-12-31 |
| Net income€2.2B | $2.5B | +102.9% | FY20252025-12-31 |
| Operating cash flow€2.9B | $3.3B | +33.1% | FY20252025-12-31 |
| Capital expenditure€61.0M | $68.9M | +274.6% | FY20252025-12-31 |
| Total assets€15.0B | $17.6B | +41.5% | FY20252025-12-31 |
| Shareholders' equity€8.3B | $9.8B | +70.5% | FY20252025-12-31 |
| Cash€5.3B | $6.2B | +24.4% | FY20252025-12-31 |
| Long-term debt€0 | $0 | −100.0% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Figures are reported under IFRS in EUR and converted to US dollars at ECB reference rates — fiscal 2025 average 0.885 EUR/$ for income items, year-end 0.851 EUR/$ for balance-sheet items.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 18 of 83 companies compared | 12.9% | |
| Operating marginRank 31 of 82 companies compared | 12.8% | |
| R&D as share of revenueRank 7 of 22 companies compared | 8.1% | |
| Cash as share of revenueRank 15 of 82 companies compared | 31.8% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Spotify Technology S.A.
- Ticker
- SPOT
- Exchange
- NYSE
- SIC classification
- Radio Broadcasting Stations (4832)
- Fiscal year end
- 12-31
- CIK
- 0001639920
Filings
- 20-FFeb 10, 2026Open filing →
- 20-FFeb 5, 2025Open filing →
- 20-FFeb 8, 2024Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| NetflixNFLX | $45.2B | $11.0B |
| Warner Bros. DiscoveryWBD | $37.3B | $727M |
| Live Nation EntertainmentLYV | $25.2B | $496M |
| Spotify TechnologySPOT | $19.4B | $2.5B |
| WPPWPP | $17.9B | −$284M |
| BceBCE | $17.5B | $4.7B |
| Omnicom GroupOMC | $17.3B | −$54.5M |
Spotify Technology compared withLive Nation EntertainmentWPP
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Spotify Technology — Key figures |url=https://companiesranked.com/en/company/spotify-technology |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Spotify Technology — Key figures. CompaniesRanked. https://companiesranked.com/en/company/spotify-technologyBibTeX
@misc{companiesranked-en-company-spotify-technology-2026,
author = {{CompaniesRanked}},
title = {{Spotify Technology — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/spotify-technology}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001628280-26-006874 · February 10, 2026
{{cite web |title=Spotify Technology — Key figures — 20-F (0001628280-26-006874) |url=https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-10}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.