Spotify (SPOT)
Streams licensed music, podcasts, and audiobooks through a free ad-supported tier and a paid Premium subscription.
$491.81
vs last close−9.49 (−1.89%)
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 | 3,827 | 4,185 | 4,145 | 4,340 | 4,547 | 4,836 | 4,777 | 4,781 | 4,871 | 5,166 | 5,168 | 5,446 |
| Cost of revenue | 2,818 | 3,068 | 3,001 | 3,073 | 3,133 | 3,277 | 3,265 | 3,276 | 3,330 | 3,457 | 3,464 | 3,627 |
| Gross profit | 1,009 | 1,117 | 1,145 | 1,268 | 1,414 | 1,560 | 1,512 | 1,505 | 1,540 | 1,709 | 1,704 | 1,820 |
| 973 | 1,203 | 953 | 965 | 896 | 1,016 | 931 | 1,042 | 877 | 910 | 889 | 1,073 | |
| Research & development | 421 | 534 | 444 | 432 | 390 | 429 | 432 | 473 | 352 | 331 | 377 | 459 |
| 552 | 669 | 510 | 532 | 506 | 587 | 499 | 569 | 524 | 579 | 512 | 613 | |
| Selling & marketing | 405 | 493 | 369 | 391 | 379 | 448 | 358 | 415 | 398 | 455 | 390 | 445 |
| General & administrative | 147 | 177 | 140 | 141 | 128 | 139 | 141 | 154 | 127 | 124 | 122 | 169 |
| Operating income | 36 | −86 | 192 | 303 | 518 | 544 | 580 | 463 | 664 | 799 | 815 | 747 |
| 47 | −64 | 7 | 5 | −64 | 25 | −206 | −408 | 279 | 365 | 253 | 74 | |
| Interest income | 39 | 47 | 52 | 60 | 70 | 72 | 76 | 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 | 197 | 399 | −288 | −373 | −261 | −83 |
| Income before tax | 83 | −149 | 198 | 308 | 454 | 569 | 374 | 55 | 943 | 1,164 | 1,068 | 821 |
| Income tax expense | 9 | −70 | −26 | −5 | 112 | 150 | 117 | 153 | −82 | −174 | 246 | 200 |
| Net income from continuing operations | 74 | −80 | 225 | 312 | 342 | 418 | 257 | −98 | 1,025 | 1,339 | 822 | 621 |
| Net income | 74 | −80 | 225 | 312 | 342 | 418 | 257 | −98 | 1,025 | 1,339 | 822 | 621 |
| EPS, basic | $0.35 | −$0.38 | $1.13 | $1.56 | $1.70 | $2.06 | $1.25 | −$0.48 | $4.97 | $6.51 | $4.06 | $3.02 |
| EPS, diluted | $0.35 | −$0.38 | $1.11 | $1.52 | $1.65 | $2.01 | $1.22 | −$0.48 | $3.74 | $5.01 | $3.99 | $2.98 |
| 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 | 244 | 352 | 498 | 613 | 414 | 93 | 979 | 1,201 | 1,106 | 863 |
| Depreciation & amortization | 41 | 39 | 35 | 34 | 34 | 34 | 31 | 30 | 27 | 29 | 30 | 33 |
| EBIT | 93 | −127 | 209 | 318 | 464 | 579 | 383 | 64 | 952 | 1,172 | 1,076 | 830 |