SPOT
Income statement / Annual
Last year (2024), Spotify Technology S.A.'s total revenue was $15.67 B,
an increase of 18.31% from the previous year.
In 2024, Spotify Technology S.A.'s net income was $1.14 B.
See Spotify Technology S.A.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$15.67 B |
$13.25 B |
$11.73 B |
$9.67 B |
$7.88 B |
$6.76 B |
$5.26 B |
$4.09 B |
$2.95 B |
$1.94 B |
| Cost of Revenue |
$10.95 B
|
$9.85 B
|
$8.80 B
|
$7.08 B
|
$5.87 B
|
$5.04 B
|
$3.91 B
|
$3.24 B
|
$2.55 B
|
$1.71 B
|
| Gross Profit |
$4.72 B
|
$3.40 B
|
$2.93 B
|
$2.59 B
|
$2.02 B
|
$1.72 B
|
$1.35 B
|
$849.00 M
|
$401.00 M
|
$226.00 M
|
| Gross Profit Ratio |
0.3
|
0.26
|
0.25
|
0.27
|
0.26
|
0.25
|
0.26
|
0.21
|
0.14
|
0.12
|
| Research and Development Expenses |
$1.49 B
|
$1.73 B
|
$1.39 B
|
$912.00 M
|
$837.00 M
|
$615.00 M
|
$493.00 M
|
$396.00 M
|
$207.00 M
|
$136.00 M
|
| General & Administrative Expenses |
$481.00 M
|
$585.00 M
|
$626.00 M
|
$450.00 M
|
$442.00 M
|
$354.00 M
|
$283.00 M
|
$264.00 M
|
$175.00 M
|
$106.00 M
|
| Selling & Marketing Expenses |
$1.39 B
|
$1.53 B
|
$1.57 B
|
$1.14 B
|
$1.03 B
|
$826.00 M
|
$620.00 M
|
$567.00 M
|
$368.00 M
|
$219.00 M
|
| Selling, General & Administrative Expenses |
$1.87 B
|
$2.12 B
|
$2.20 B
|
$1.59 B
|
$1.47 B
|
$1.18 B
|
$903.00 M
|
$831.00 M
|
$543.00 M
|
$325.00 M
|
| Other Expenses |
$0.00
|
$0.00
|
$144.00 M
|
$112.00 M
|
$0.00
|
$0.00
|
-$201.00 M
|
-$524.00 M
|
-$245.00 M
|
$0.00
|
| Operating Expenses |
$3.36 B
|
$3.84 B
|
$3.59 B
|
$2.50 B
|
$2.31 B
|
$1.80 B
|
$1.40 B
|
$1.23 B
|
$750.00 M
|
$461.00 M
|
| Cost And Expenses |
$14.31 B
|
$13.69 B
|
$12.39 B
|
$9.57 B
|
$8.17 B
|
$6.84 B
|
$5.30 B
|
$4.47 B
|
$3.30 B
|
$2.18 B
|
| Interest Income |
$223.00 M
|
$131.00 M
|
$47.00 M
|
$246.00 M
|
$94.00 M
|
$275.00 M
|
$455.00 M
|
$19.00 M
|
$5.00 M
|
$2.00 M
|
| Interest Expense |
$36.00 M
|
$38.00 M
|
$58.00 M
|
$91.00 M
|
$510.00 M
|
$333.00 M
|
$584.00 M
|
$4.00 M
|
$5.00 M
|
$1.00 M
|
| Depreciation & Amortization |
$121.00 M
|
$158.00 M
|
$167.92 M
|
$132.07 M
|
$103.42 M
|
$86.75 M
|
$33.02 M
|
$50.72 M
|
$39.85 M
|
$30.00 M
|
| EBITDA |
$1.50 B |
-$298.00 M |
-$284.00 M |
$467.00 M |
-$293.00 M |
-$1.00 M |
-$43.00 M |
-$826.00 M |
-$492.00 M |
-$203.00 M |
| EBITDA Ratio |
0.1
|
-0.02
|
-0.02
|
0.05
|
-0.01
|
0.04
|
0.08
|
-0.2
|
-0.19
|
-0.1
|
| Operating Income Ratio |
0.09
|
-0.03
|
-0.06
|
0.04
|
-0.04
|
0.03
|
-0.01
|
-0.09
|
-0.12
|
-0.12
|
| Total Other Income/Expenses Net |
-$24.00 M
|
-$59.00 M
|
$289.00 M
|
$155.00 M
|
-$416.00 M
|
-$58.00 M
|
-$130.00 M
|
-$855.00 M
|
-$186.00 M
|
$10.00 M
|
| Income Before Tax |
$1.34 B
|
-$505.00 M
|
-$370.00 M
|
$249.00 M
|
-$709.00 M
|
-$131.00 M
|
-$173.00 M
|
-$1.23 B
|
-$535.00 M
|
-$225.00 M
|
| Income Before Tax Ratio |
0.09
|
-0.04
|
-0.03
|
0.03
|
-0.09
|
-0.02
|
-0.03
|
-0.3
|
-0.18
|
-0.12
|
| Income Tax Expense |
$203.00 M
|
$27.00 M
|
$60.00 M
|
$283.00 M
|
-$128.00 M
|
$55.00 M
|
-$95.00 M
|
$2.00 M
|
$4.00 M
|
$5.00 M
|
| Net Income |
$1.14 B
|
-$532.00 M
|
-$430.00 M
|
-$34.00 M
|
-$581.00 M
|
-$186.00 M
|
-$78.00 M
|
-$1.24 B
|
-$539.00 M
|
-$230.00 M
|
| Net Income Ratio |
0.07
|
-0.04
|
-0.04
|
-0
|
-0.07
|
-0.03
|
-0.01
|
-0.3
|
-0.18
|
-0.12
|
| EPS |
5.5 |
-2.73 |
-2.23 |
-0.18 |
-3.1 |
-1.03 |
-0.44 |
-6.93 |
-3.21 |
-1.37 |
| EPS Diluted |
5.49 |
-2.73 |
-2.2 |
-0.18 |
-3.1 |
-1.03 |
-0.43 |
-6.93 |
-3.21 |
-1.37 |
| Weighted Average Shares Out |
$206.90 M
|
$194.73 M
|
$192.93 M
|
$191.30 M
|
$187.58 M
|
$180.96 M
|
$177.15 M
|
$178.11 M
|
$167.78 M
|
$167.78 M
|
| Weighted Average Shares Out Diluted |
$207.40 M
|
$194.73 M
|
$195.85 M
|
$193.94 M
|
$187.58 M
|
$180.96 M
|
$181.21 M
|
$178.11 M
|
$167.78 M
|
$167.78 M
|
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