← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0b |
$4.1b
+38.55%
|
$5.3b
+28.58%
|
$6.8b
+28.62%
|
$7.9b
+16.50%
|
$9.7b
+22.69%
|
$11.7b
+21.30%
|
$13.2b
+12.96%
|
$15.7b
+18.31%
|
$17.2b
+9.65%
|
$18.1b
+5.39%
|
|
| Cost of revenue | $2.6b |
$3.2b
+27.05%
|
$3.9b
+20.52%
|
$5.0b
+29.08%
|
$5.9b
+16.32%
|
$7.1b
+20.66%
|
$8.8b
+24.36%
|
$9.8b
+11.92%
|
$10.9b
+11.16%
|
$11.7b
+6.77%
|
$12.2b
+4.12%
|
|
| Gross profit | $401.0m |
$849.0m
+111.72%
|
$1.4b
+59.36%
|
$1.7b
+27.27%
|
$2.0b
+17.02%
|
$2.6b
+28.59%
|
$2.9b
+12.93%
|
$3.4b
+16.10%
|
$4.7b
+39.06%
|
$5.5b
+16.34%
|
$5.9b
+8.10%
|
|
| Research and development | $207.0m | $396.0m | $493.0m | $615.0m | $837.0m | $912.0m | $1.4b | $1.7b | $1.5b | $1.4b | $1.3b | |
| 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 | $475.0m | |
| Operating income/(loss) | ($349.0m) |
($378.0m)
-8.31%
|
($43.0m)
+88.62%
|
($73.0m)
-69.77%
|
($293.0m)
-301.37%
|
$94.0m
+132.08%
|
($659.0m)
-801.06%
|
($446.0m)
+32.32%
|
$1.4b
+406.05%
|
$2.2b
+61.03%
|
$2.7b
+20.70%
|
|
| Income tax expense | $4.0m | $2.0m | ($95.0m) | $55.0m | ($128.0m) | $283.0m | $60.0m | $27.0m | $203.0m | $12.0m | $166.0m | |
| 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 | $3.3b | |
| 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 income | $152.0m | $118.0m | $455.0m | $275.0m | $94.0m | $246.0m | $421.0m | $161.0m | $328.0m | $292.0m | — | |
| 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/(loss) before tax | ($535.0m) | ($1.2b) | ($173.0m) | ($131.0m) | ($709.0m) | $249.0m | ($370.0m) | ($505.0m) | $1.3b | $2.2b | — | |
| Total operating expense | $750.0m | $1.2b | $1.4b | $1.8b | $2.3b | $2.5b | $3.6b | $3.8b | $3.4b | $3.3b | $3.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.