Growth Metrics

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

Spotify Technology's Change in Working Capital history spans 10 years, with the latest figure at -$9.4 million for Q1 2026.

  • On a quarterly basis, Change in Working Capital fell 196.8% to -$9.4 million in Q1 2026 year-over-year; TTM through Mar 2026 was -$9.4 million, a 196.8% decrease, with the full-year FY2025 number at $11.6 million, up 444.66% from a year prior.
  • Change in Working Capital hit -$9.4 million in Q1 2026 for Spotify Technology, down from $10.5 million in the prior quarter.
  • Over the last five years, Change in Working Capital for SPOT hit a ceiling of $14.0 million in Q1 2023 and a floor of -$9.4 million in Q1 2026.
  • Historically, Change in Working Capital has averaged -$65528.3 across 5 years, with a median of -$3.3 million in 2023.
  • Biggest five-year swings in Change in Working Capital: plummeted 207.97% in 2023 and later surged 310.23% in 2025.
  • Tracing SPOT's Change in Working Capital over 5 years: stood at $4.0 million in 2022, then crashed by 207.97% to -$4.4 million in 2023, then tumbled by 76.55% to -$7.7 million in 2024, then soared by 236.86% to $10.5 million in 2025, then crashed by 189.02% to -$9.4 million in 2026.
  • Business Quant data shows Change in Working Capital for SPOT at -$9.4 million in Q1 2026, $10.5 million in Q3 2025, and $9.1 million in Q2 2025.