SPOTNYSERadio Broadcasting StationsFiscal year ends December 31

Spotify Technology S.A.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 10, 2026

$518.76−11.70 (-2.21%)

Close on Oct 19, 2026

Spotify Technology S.A. balance sheet

Annual Quarterly

EUR USD

Millions of EUR, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Cash & Equivalents	5,258	4,781	3,114	2,483	2,744	1,151	1,065	891	477	755	597
Cash & Short-Term Investments	5,258	4,781	3,114	2,483	2,744	1,151	1,065	891	477	755	597
Receivables	802	771	858	690	621	464	402	400	360	–	–
Other Current Assets	111	132	168	307	246	151	68	38	29	–	–
Total Current Assets	10,496	8,379	5,260	4,352	4,372	2,366	2,231	2,246	1,898	–	–
Property, Plant & Equipment	188	188	247	348	372	313	291	197	73	–	–
Operating Lease Right-of-Use Assets	234	226	300	417	437	444	489	0	–	–	–
Goodwill	1,083	1,201	1,137	1,168	894	736	478	146	–	–	–
Intangible Assets	41	48	84	127	89	97	58	28	27	–	–
Deferred Tax Assets	662	186	28	8.00	13	15	9.00	8.00	9.00	–	–
Other Long-Term Assets	18	16	24	23	25	29	14	10	12	–	–
Total Assets	15,015	12,005	8,346	7,636	7,170	6,326	5,122	4,336	3,107	–	–
Accounts Payable	1,194	1,342	978	845	793	638	549	427	341	–	–
Current Debt	1,458	0	–	–	–	–	–	–	–	–	–
Current Portion of Leases	65	75	65	58	44	31	7.00	20	–	–	–
Current Income Taxes Payable	72	33	12	11	23	9.00	9.00	7.00	9.00	–	–
Total Current Liabilities	6,085	4,450	4,090	3,516	3,226	2,900	2,439	2,149	1,860	–	–
Long-Term Debt	0	1,539	1,203	1,128	1,202	0	–	–	–	–	–
Long-Term Leases	433	462	493	555	579	577	622	0	–	–	–
Operating Lease Liabilities	498	537	558	613	623	608	628	541	–	–	–
Deferred Tax Liabilities	163	21	8.00	5.00	0	0	2.00	2.00	3.00	–	–
Total Liabilities	6,686	6,480	5,823	5,235	5,051	3,521	3,085	2,242	2,869	–	–
Total Debt	1,458	1,539	1,203	1,128	1,202	0	–	–	–	–	–
Common Stock	0	0	0	0	0	0	0	0	0	–	–
Retained Earnings	-832	-3,044	-4,182	-3,647	-3,220	-3,290	-2,709	-2,505	-2,427	–	–
Treasury Stock	-701	-262	-262	-262	-260	-175	-370	-77	0	–	–
Shareholders' Equity	8,329	5,525	2,523	2,401	2,119	2,805	2,037	2,094	238	-240	229
Total Liabilities & Equity	15,015	12,005	8,346	7,636	7,170	6,326	5,122	4,336	3,107	–	–
Shares Outstanding(shares)	–	–	197	193	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 32.0%
Operating margin: 12.8%
Net margin: 12.9%
Return on equity, FY2025: 31.9%

Financial strength

Current ratio: 1.72
Debt to equity: 0.18
Debt to assets: 9.7%
Cash to current liabilities: 86.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.