← Spotify Technology S.A.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $3.0b $4.1b $5.3b $6.8b $7.9b $9.7b $11.7b $13.2b $15.7b $17.2b
Cost of revenue $2.6b $3.2b $3.9b $5.0b $5.9b $7.1b $8.8b $9.8b $10.9b $11.7b
Gross profit $401.0m $849.0m $1.4b $1.7b $2.0b $2.6b $2.9b $3.4b $4.7b $5.5b
Research and development $207.0m $396.0m $493.0m $615.0m $837.0m $912.0m $1.4b $1.7b $1.5b $1.4b
Sales and marketing $368.0m $567.0m $620.0m $826.0m $1.0b $1.1b $1.6b $1.5b $1.4b $1.4b
General and administrative $175.0m $264.0m $283.0m $354.0m $442.0m $450.0m $626.0m $585.0m $481.0m $479.0m
Operating income/(loss) ($349.0m) ($378.0m) ($43.0m) ($73.0m) ($293.0m) $94.0m ($659.0m) ($446.0m) $1.4b $2.2b
Finance income $152.0m $118.0m $455.0m $275.0m $94.0m $246.0m $421.0m $161.0m $328.0m $292.0m
Income/(loss) before tax ($535.0m) ($1.2b) ($173.0m) ($131.0m) ($709.0m) $249.0m ($370.0m) ($505.0m) $1.3b $2.2b
Net income/(loss) attributable to owners of the parent ($539.0m) ($1.2b) ($78.0m) ($186.0m) ($581.0m) ($34.0m) ($430.0m) ($532.0m) $1.1b $2.2b
Basic (euro per share) ($3.63) ($8.14) ($0.44) ($1.03) ($3.10) ($0.18) ($2.23) ($2.73) $5.67 $10.77
Diluted (euro per share) ($3.63) ($8.14) ($0.43) ($1.03) ($3.10) ($0.18) ($2.20) ($2.73) $5.50 $10.51
Finance costs ($336.0m) ($974.0m) ($584.0m) ($333.0m) ($510.0m) ($91.0m) ($132.0m) ($220.0m) ($352.0m) ($266.0m)
Finance income/(costs) - net ($186.0m) ($855.0m) ($130.0m) ($58.0m) ($416.0m) $155.0m $289.0m ($59.0m) ($24.0m) $26.0m
Income tax expense $4.0m $2.0m ($95.0m) $55.0m ($128.0m) $283.0m $60.0m $27.0m $203.0m $12.0m
Total operating expense $750.0m $1.2b $1.4b $1.8b $2.3b $2.5b $3.6b $3.8b $3.4b $3.3b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.