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. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Premium | €15.35B | €13.82B | €11.57B | €10.25B | €8.46B | €7.14B | €6.09B | €4.72B | €3.67B | €2.66B | 89.3% | +11.1% |
| Ad-Supported | €1.84B | €1.85B | €1.68B | €1.48B | €1.21B | €745.00M | €678.00M | €542.00M | €416.00M | €295.00M | 10.7% | -1.0% |
By product or service
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other countries | €10.70B | €9.53B | €8.01B | €5.90B | €4.98B | €4.09B | €3.49B | €2.71B | €2.07B | €1.44B | 62.3% | +12.3% |
| United States | €6.47B | €6.14B | €5.23B | €4.71B | €3.69B | €2.95B | €2.54B | €1.97B | €1.58B | €1.17B | 37.6% | +5.4% |
| Luxembourg | €13.00M | €10.00M | €9.00M | €7.00M | – | – | – | – | – | – | 0.1% | +30.0% |
| Luxembourg | – | – | €9.00M | €7.00M | €6.00M | €5.00M | €4.00M | €3.00M | €3.00M | €1.00M | – | – |
| United Kingdom | – | €1.48B | €1.23B | €1.11B | €994.00M | €836.00M | €727.00M | €576.00M | €444.00M | €342.00M | – | – |
From the segment and revenue-disaggregation notes of Spotify Technology's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.