Companies/US/SPOT

SPOTIFY TECHNOLOGY S.A.

Income flow

Annual
SPOT 20-F Income StatementPeriod 2025-12-31Source 20-F
Other countriesEUR 11BUnited StatesEUR 6BLUEUR 13MRevenueEUR 17B+10% Y/YGross profitEUR 5B+16% Y/YCost of revenueEUR 12BOperating profitEUR 2B+61% Y/YOperating expensesEUR 3BNet profitEUR 2B+94% Y/YTaxEUR 12MR&D & otherEUR 3BSG&AEUR 479M

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 20-F · EUR
By geography
By geographyEUR 17.2B
  • Other countriesEUR 10.7B62.3%
  • United StatesEUR 6.5B37.6%
  • LUEUR 13M0.1%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).0.00%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).0PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.0.0%Shares outTotal shares currently outstanding (issued and not retired).205.6MFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).157.1M

Valuation

Trailing PE 55.3 (2025-12-31)PE trend

Fiscal PE2

PeriodEPSClosePE
2025-12-3110.51580.7155.3
2024-12-315.5447.3881.3

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.