Spotify Technology (SPOT) Cash from Operations (2017 - 2026)
Spotify Technology (SPOT) recorded Cash from Operations of $948.49 million in the quarter ended Jun 30, 2026, up 18.2% from $802.56 million a year earlier but down 3.1% from the prior quarter.
Powered by 
Analysis
Spotify Technology (SPOT) Cash from Operations (2017 - 2026) Analysis & Trends
On a TTM basis, Spotify Technology's Cash from Operations came in at $3.89 billion as of Jun 30, 2026, up 25.6% year-over-year; for the year ended Dec 31, 2025, it was $3.41 billion, up 38.9% from the prior year.
- Annual Cash from Operations has a five-year compound annual growth rate of 63.1% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Cash from Operations came in at $2.46 billion in the year ended Dec 31, 2024 (+236.1%), $731.64 million in the year ended Dec 31, 2023, $46.93 million in the year ended Dec 31, 2022 (-88.6%) and $412.97 million in the year ended Dec 31, 2021 (+39.7%).
- Quarterly Cash from Operations has ranged from -$71.42 million in the quarter ended Dec 31, 2022 to $996.42 million in the quarter ended Dec 31, 2025 over the past five years.
- On a year-over-year basis, Cash from Operations has increased for eight consecutive quarters, with growth averaging 85.2% over the last eight quarters.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 469.5% in the quarter ended Sep 30, 2023, against a decline of 72.2% in the quarter ended Sep 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $978.74 million (quarter ended Mar 31, 2026), $996.42 million (quarter ended Dec 31, 2025) and $969.15 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 39.07 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 31.86 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.74 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 3.38 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 658.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 2.86 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 3.72 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 3.77 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 948.49 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 1.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 948.49 Mn |
| Mar 31, 2026 | 978.74 Mn |
| Dec 31, 2025 | 996.42 Mn |
| Sep 30, 2025 | 969.15 Mn |
| Jun 30, 2025 | 802.56 Mn |
| Mar 31, 2025 | 566.97 Mn |
| Dec 31, 2024 | 943.57 Mn |
| Sep 30, 2024 | 785.23 Mn |
| Jun 30, 2024 | 529.83 Mn |
| Mar 31, 2024 | 229.22 Mn |
| Dec 31, 2023 | 427.15 Mn |
| Sep 30, 2023 | 229.69 Mn |
| Jun 30, 2023 | 14.16 Mn |
| Mar 31, 2023 | 63.33 Mn |
| Dec 31, 2022 | -71.42 Mn |
| Sep 30, 2022 | 40.33 Mn |
| Jun 30, 2022 | 41.62 Mn |
| Mar 31, 2022 | 41.53 Mn |
| Dec 31, 2021 | 136.13 Mn |
| Sep 30, 2021 | 145.05 Mn |
API Access
Spotify Technology Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();