Spotify Technology S.A. (SPOT) Financials
Key financial figures for Spotify Technology S.A. (Q3 2026), as reported in EUR.
Spotify Q3 2026 revenue rose 16% to EUR 4,969M with a Q3-record 33.0% gross margin, 788M MAUs and 306M Premium Subscribers. Revenue of EUR 4,969M grew 16% year over year (14% in constant currency) versus EUR 4,272M in Q3 2025; Premium revenue was EUR 4,487M (+17%) and Ad-Supported revenue EUR 482M (+10%). Gross profit rose 21% to EUR 1,639M for a 33.0% gross margin (31.6% a year earlier); operating income was EUR 672M (13.5% margin) versus EUR 582M. MAUs reached 788M (+11% year over year, +11M in the quarter) and Premium Subscribers 306M (+9%, +6M in the quarter); Premium ARPU was EUR 4.95, up from EUR 4.53. On the outlook: Q4 2026 outlook as of October 22, 2026: Total MAUs 818 million (about 30 million net adds), Premium Subscribers 316 million (about 10 million net adds), Total Revenue EUR 5.2 billion (assumes about 230 bps foreign exchange tailwind to year-over-year growth), Gross Margin 33.8%, Operating Income EUR 820 million (incorporates EUR 6 million of Social Charges at a Q3 close share price of USD 487.38). Figures are for Q3 2026, as Spotify Technology S.A. reported them.
- Revenue
- EUR 5.0B
- Net Income
- EUR 518M
- EPS
- EUR 2.52
- Total Assets
- EUR 16.3B
- Operating Cash Flow
- EUR 740M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | EUR 5.0B | EUR 518M | EUR 2.48 | 13.52% | EUR 734M |
| Q2 FY2026 | EUR 4.8B | EUR 545M | EUR 2.61 | 13.71% | EUR 796M |
| Q1 FY2026 | EUR 4.5B | EUR 721M | EUR 3.45 | 15.77% | EUR 831M |
| 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 |
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 4.97 billion EUR for Q3 FY2026, up 16.3% from the same period a year earlier.
Is Spotify Technology S.A. profitable?
Yes. Spotify Technology S.A. reported net income of 518.0 million EUR for Q3 FY2026, a net margin of 10.42% on revenue.
How has Spotify Technology S.A.'s margin trended?
Operating margin was 13.52% in Q3 FY2026. 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 734.0 million EUR in Q3 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.