Spotify (SPOT)
Streams licensed music, podcasts, and audiobooks through a free ad-supported tier and a paid Premium subscription.
$505.38
vs last close−11.39 (−2.20%)
In millions of USD, except per-share figures · converted from EUR at the latest rate
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,841 | 4,200 | 4,160 | 4,355 | 4,562 | 4,853 | 4,794 | 4,797 | 4,887 | 5,184 | 5,186 | 5,465 |
| Cost of revenue | 2,828 | 3,079 | 3,011 | 3,083 | 3,144 | 3,288 | 3,277 | 3,287 | 3,342 | 3,469 | 3,476 | 3,639 |
| Gross profit | 1,012 | 1,121 | 1,149 | 1,272 | 1,419 | 1,565 | 1,517 | 1,510 | 1,546 | 1,715 | 1,710 | 1,826 |
| 976 | 1,207 | 956 | 968 | 899 | 1,019 | 935 | 1,046 | 880 | 913 | 892 | 1,077 | |
| Research & development | 422 | 535 | 445 | 434 | 391 | 430 | 434 | 475 | 354 | 332 | 379 | 461 |
| 554 | 672 | 511 | 534 | 508 | 589 | 501 | 571 | 526 | 581 | 514 | 615 | |
| Selling & marketing | 406 | 494 | 371 | 392 | 380 | 450 | 359 | 416 | 399 | 456 | 391 | 446 |
| General & administrative | 148 | 177 | 141 | 142 | 128 | 140 | 142 | 154 | 127 | 125 | 122 | 169 |
| Operating income | 37 | −86 | 192 | 304 | 519 | 546 | 582 | 464 | 666 | 802 | 818 | 749 |
| 47 | −64 | 7 | 5 | −64 | 25 | −207 | −410 | 280 | 366 | 254 | 74 | |
| Interest income | 39 | 47 | 53 | 61 | 70 | 72 | 77 | 70 | 67 | 66 | 62 | 88 |
| Interest expense | 10 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 8 | 8 | 14 |
| Other non-operating income | −57 | 41 | −17 | −15 | 54 | −35 | 198 | 400 | −289 | −374 | −262 | −84 |
| Income before tax | 84 | −150 | 199 | 309 | 455 | 571 | 375 | 55 | 946 | 1,168 | 1,072 | 824 |
| Income tax expense | 9 | −70 | −26 | −5 | 112 | 151 | 118 | 153 | −82 | −175 | 247 | 200 |
| Net income from continuing operations | 74 | −80 | 225 | 313 | 343 | 420 | 257 | −98 | 1,028 | 1,343 | 825 | 623 |
| Net income | 74 | −80 | 225 | 313 | 343 | 420 | 257 | −98 | 1,028 | 1,343 | 825 | 623 |
| EPS, basic | $0.35 | −$0.38 | $1.13 | $1.57 | $1.70 | $2.07 | $1.26 | −$0.48 | $4.99 | $6.53 | $4.07 | $3.03 |
| EPS, diluted | $0.35 | −$0.38 | $1.11 | $1.52 | $1.66 | $2.01 | $1.22 | −$0.48 | $3.75 | $5.02 | $4.00 | $2.99 |
| Weighted average shares, basic | 195 | 196 | 198 | 200 | 202 | 203 | 204 | 205 | 206 | 206 | 206 | 206 |
| Weighted average shares, diluted | 198 | 196 | 204 | 206 | 207 | 209 | 210 | 205 | 214 | 212 | 209 | 209 |
| EBITDA | 135 | −88 | 245 | 354 | 500 | 615 | 415 | 94 | 983 | 1,205 | 1,110 | 866 |
| Depreciation & amortization | 41 | 39 | 35 | 34 | 34 | 34 | 31 | 30 | 27 | 29 | 30 | 33 |
| EBIT | 94 | −127 | 209 | 319 | 466 | 581 | 384 | 64 | 955 | 1,176 | 1,080 | 833 |