Spotify Technology (SPOT) Change in Working Capital (2017 - 2026)

Spotify Technology has disclosed Change in Working Capital across 10 years of filings, most recently posting -$9.4 million for Q1 2026.

• Change in Working Capital for Q1 2026 came in at -$9.4 million, down 196.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.4 million (up 27.68% YoY), and the FY2025 annual result was $11.6 million, up 444.66% from the prior year.
• Change in Working Capital came in at -$9.4 million for Q1 2026 at Spotify Technology, down from $1.2 million in the prior quarter.
• In the past five years, Change in Working Capital ranged from a high of $14.0 million in Q1 2023 to a low of -$17.4 million in Q2 2023.
• The 5-year median for Change in Working Capital is $1.2 million (2025), against an average of $710213.5.
• Across the five-year window, Change in Working Capital tumbled 365.82% in 2022 and surged 1056.25% in 2025, its largest moves.
• Spotify Technology's Change in Working Capital stood at $3.1 million in 2022, then jumped by 75.76% to $5.4 million in 2023, then jumped by 78.77% to $9.6 million in 2024, then sank by 87.9% to $1.2 million in 2025, then slumped by 904.61% to -$9.4 million in 2026.
• The last three Change in Working Capital figures came in at -$9.4 million (Q1 2026), $1.2 million (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.