Spotify Technology S.A. (SPOT) Financials
Key financial figures for Spotify Technology S.A. (Q2 2026), as reported in EUR.
Spotify grew revenue 14% YoY to €4.8 billion and posted a record 33.4% gross margin in Q2 2026, crossing 300 million Premium subscribers for the first time, but shares fell after Q3 guidance came in below the pace investors wanted. Revenue reached €4,777 million (+14% YoY reported, +15% constant currency), with gross margin hitting a record 33.4% (+193 bps YoY). Operating income was €655 million; net income €545 million; diluted EPS €2.61. Monthly Active Users hit 777 million (+12% YoY) and Premium Subscribers crossed 300 million (+9% YoY) for the first time, with 7 million net Premium adds in the quarter. Premium Revenue grew to €4,331 million on 9% subscriber growth plus roughly 7% Premium ARPU expansion (€4.89, up from €4.57 a year ago); Ad-Supported Revenue was €446 million. On the outlook: Q3 2026 guidance: revenue of approximately €5.0 billion, 788 million MAUs, 305 million Premium Subscribers, gross margin of 32.9%, and operating income of €670 million. Figures are for Q2 2026, as Spotify Technology S.A. reported them.
- Revenue
- EUR 4.8B
- Net Income
- EUR 545M
- EPS
- EUR 2.65
- Total Assets
- EUR 13.7B
- Operating Cash Flow
- EUR 816M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | EUR 4.8B | EUR 545M | EUR 2.61 | 13.71% | EUR 796M |
| Q1 FY2026 | EUR 4.5B | EUR 721M | EUR 3.50 | 15.77% | EUR 845M |
| Q4 FY2025 | EUR 4.5B | EUR 1.2B | EUR 4.39 | 15.47% | EUR 834M |
| Q3 FY2025 | EUR 4.3B | EUR 899M | EUR 3.28 | 13.62% | EUR 806M |
| Q2 FY2025 | EUR 4.2B | -EUR 86M | -EUR 0.42 | 9.68% | EUR 699M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | EUR 17.2B | EUR 2.2B | EUR 10.51 | 12.79% | EUR 2.9B |
| FY2024 | EUR 15.7B | EUR 1.1B | EUR 5.50 | 8.71% | EUR 2.3B |
| FY2023 | EUR 13.2B | -EUR 532M | -EUR 2.73 | -3.37% | EUR 674M |
Frequently asked questions
What was Spotify Technology S.A.'s revenue last quarter?
Spotify Technology S.A. reported revenue of 4.78 billion EUR for Q2 FY2026, up 13.9% from the same period a year earlier.
Is Spotify Technology S.A. profitable?
Yes. Spotify Technology S.A. reported net income of 545.0 million EUR for Q2 FY2026, a net margin of 11.41% on revenue.
How has Spotify Technology S.A.'s margin trended?
Operating margin was 13.71% in Q2 FY2026, compared with 9.68% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Spotify Technology S.A. generate?
Spotify Technology S.A. generated free cash flow of 796.0 million EUR in Q2 FY2026, after capital expenditure.
Figures are as reported by the filer in EUR and are not converted to US dollars. The share price is quoted in US dollars, so the two are not directly comparable.
Full income statement, balance sheet and cash flow for Spotify Technology S.A. on SentiSense, with up to forty quarters and twenty fiscal years of history.