Income Statement - Spotify Technology S.A. (SPOT)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 17,186.00 | 15,673.00 | 13,247.00 | 11,727.00 | 9,668.00 | 7,880.00 | 6,764.00 | 5,259.00 | 4,090.00 | 2,952.00 | 1,940.00 |
| Cost of revenue | 11,690.00 | 10,949.00 | 9,850.00 | 8,801.00 | 7,077.00 | 5,865.00 | 5,042.00 | 3,906.00 | 3,241.00 | 2,551.00 | 1,714.00 |
| Gross profit | 5,496.00 | 4,724.00 | 3,397.00 | 2,926.00 | 2,591.00 | 2,015.00 | 1,722.00 | 1,353.00 | 849.00 | 401.00 | 226.00 |
| Total operating expenses | 3,298.00 | 3,359.00 | 3,843.00 | 3,585.00 | 2,497.00 | 2,308.00 | 1,795.00 | 1,396.00 | 1,227.00 | 750.00 | 461.00 |
| Operating income | 2,198.00 | 1,365.00 | -446.00 | -659.00 | 94.00 | -293.00 | -73.00 | -43.00 | -378.00 | -349.00 | -235.00 |
| Non-operating income (net) | 26.00 | -24.00 | -59.00 | 289.00 | 155.00 | -416.00 | -58.00 | -130.00 | -855.00 | -186.00 | 10.00 |
| Income before tax | 2,224.00 | 1,341.00 | -505.00 | -370.00 | 249.00 | -709.00 | -131.00 | -173.00 | -1,233.00 | -535.00 | -225.00 |
| Income tax expense | 12.00 | 203.00 | 27.00 | 60.00 | 283.00 | -128.00 | 55.00 | -95.00 | 2.00 | 4.00 | 5.00 |
| Net income | 2,212.00 | 1,138.00 | -532.00 | -430.00 | -34.00 | -581.00 | -186.00 | -78.00 | -1,235.00 | -539.00 | -230.00 |
Show Quarterly Income Statement
Income Statement - Spotify Technology S.A. (SPOT)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 4,533.00 | 4,531.00 | 4,272.00 | 4,193.00 | 4,190.00 | 4,242.00 | 3,988.00 | 3,807.00 | 3,636.00 | 3,671.00 | 3,357.00 | 3,177.00 | 3,042.00 | 3,166.00 | 3,036.00 | 2,864.00 | 2,661.00 | 2,689.00 | 2,501.00 | 2,331.00 | 2,147.00 | 2,168.00 | 1,975.00 | 1,889.00 | 1,848.00 | 1,855.00 | 1,731.00 | 1,667.00 | 1,511.00 | 1,495.00 | 1,352.00 | 1,273.00 | 1,139.00 | 1,149.00 | 1,032.00 | 1,007.00 | 902.00 | 895.45 | 742.78 | 714.00 | 619.00 |
| Cost of revenue | 3,038.00 | 3,032.00 | 2,921.00 | 2,873.00 | 2,864.00 | 2,874.00 | 2,748.00 | 2,695.00 | 2,632.00 | 2,691.00 | 2,472.00 | 2,411.00 | 2,276.00 | 2,365.00 | 2,286.00 | 2,160.00 | 1,990.00 | 1,977.00 | 1,833.00 | 1,668.00 | 1,599.00 | 1,593.00 | 1,486.00 | 1,410.00 | 1,376.00 | 1,381.00 | 1,290.00 | 1,233.00 | 1,138.00 | 1,096.00 | 1,010.00 | 944.00 | 856.00 | 867.00 | 802.00 | 775.00 | 797.00 | 729.09 | 603.57 | 610.00 | 588.00 |
| Gross profit | 1,495.00 | 1,499.00 | 1,351.00 | 1,320.00 | 1,326.00 | 1,368.00 | 1,240.00 | 1,112.00 | 1,004.00 | 980.00 | 885.00 | 766.00 | 766.00 | 801.00 | 750.00 | 704.00 | 671.00 | 712.00 | 668.00 | 663.00 | 548.00 | 575.00 | 489.00 | 479.00 | 472.00 | 474.00 | 441.00 | 434.00 | 373.00 | 399.00 | 342.00 | 329.00 | 283.00 | 282.00 | 230.00 | 232.00 | 105.00 | 166.36 | 139.21 | 104.00 | 31.00 |
| Total operating expenses | 780.00 | 798.00 | 769.00 | 914.00 | 817.00 | 891.00 | 786.00 | 846.00 | 836.00 | 1,055.00 | 853.00 | 1,013.00 | 922.00 | 1,032.00 | 978.00 | 898.00 | 677.00 | 719.00 | 593.00 | 651.00 | 534.00 | 644.00 | 529.00 | 646.00 | 489.00 | 551.00 | 387.00 | 437.00 | 420.00 | 305.00 | 348.00 | 419.00 | 324.00 | 369.00 | 303.00 | 311.00 | 244.00 | 246.45 | 177.99 | 196.00 | 137.00 |
| Operating income | 715.00 | 701.00 | 582.00 | 406.00 | 509.00 | 477.00 | 454.00 | 266.00 | 168.00 | -75.00 | 32.00 | -247.00 | -156.00 | -231.00 | -228.00 | -194.00 | -6.00 | -7.00 | 75.00 | 12.00 | 14.00 | -69.00 | -40.00 | -167.00 | -17.00 | -77.00 | 54.00 | -3.00 | -47.00 | 94.00 | -6.00 | -90.00 | -41.00 | -87.00 | -73.00 | -79.00 | -139.00 | -80.10 | -38.78 | -92.00 | -106.00 |
| Non-operating income (net) | 222.00 | 320.00 | 245.00 | -358.00 | -181.00 | 22.00 | -56.00 | 4.00 | 6.00 | -56.00 | 41.00 | 6.00 | -50.00 | -60.00 | 84.00 | 104.00 | 161.00 | -1.00 | 87.00 | -4.00 | 73.00 | -110.00 | -76.00 | -288.00 | 58.00 | -96.00 | 216.00 | -56.00 | -122.00 | 387.00 | -76.00 | -302.00 | -139.00 | -509.00 | -205.00 | -108.00 | -33.00 | -7.19 | -87.50 | -94.00 | -31.00 |
| Income before tax | 937.00 | 1,021.00 | 827.00 | 48.00 | 328.00 | 499.00 | 398.00 | 270.00 | 174.00 | -131.00 | 73.00 | -241.00 | -206.00 | -291.00 | -144.00 | -90.00 | 155.00 | -8.00 | 162.00 | 8.00 | 87.00 | -179.00 | -116.00 | -455.00 | 41.00 | -173.00 | 270.00 | -59.00 | -169.00 | 481.00 | -82.00 | -392.00 | -180.00 | -596.00 | -278.00 | -187.00 | -172.00 | -87.29 | -126.28 | -186.00 | -137.00 |
| Income tax expense | 216.00 | -153.00 | -72.00 | 134.00 | 103.00 | 132.00 | 98.00 | -4.00 | -23.00 | -61.00 | 8.00 | 61.00 | 19.00 | -21.00 | 22.00 | 35.00 | 24.00 | 31.00 | 160.00 | 28.00 | 64.00 | -54.00 | -15.00 | -99.00 | 40.00 | 36.00 | 29.00 | 17.00 | -27.00 | 39.00 | -125.00 | 2.00 | -11.00 | 36.00 | -105.00 | 1.00 | 1.00 | 0.61 | 2.98 | -1.00 | 2.00 |
| Net income | 721.00 | 1,174.00 | 899.00 | -86.00 | 225.00 | 367.00 | 300.00 | 274.00 | 197.00 | -70.00 | 65.00 | -302.00 | -225.00 | -270.00 | -166.00 | -125.00 | 131.00 | -39.00 | 2.00 | -20.00 | 23.00 | -125.00 | -101.00 | -356.00 | 1.00 | -209.00 | 241.00 | -76.00 | -142.00 | 442.00 | 43.00 | -394.00 | -169.00 | -596.00 | -278.00 | -188.00 | -173.00 | -87.29 | -129.27 | -185.00 | -139.00 |