Spotify Technology (SPOT) FCF Margin (2017 - 2026)

Spotify Technology has disclosed FCF Margin across 10 years of filings, most recently posting 17.5% for Q2 2026.

• In Q2 2026, FCF Margin rose 35.0% year-over-year to 17.5%; the TTM figure through Jun 2026 stood at 18.81% (up 150.0% YoY), while the FY2025 annual figure was 17.42%, up 263.0% from the prior year.
• FCF Margin came in at 17.5% for Q2 2026 at Spotify Technology, down from 18.55% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 20.96% in Q4 2024 to a low of 2.05% in Q4 2022.
• Average FCF Margin over 5 years is 10.32%, with a median of 11.91% recorded in 2023.
• Year-over-year, FCF Margin plunged 707 bps in 2022 and jumped 1289 bps in 2023.
• Over 5 years, FCF Margin stood at 2.05% in 2022, then soared by 628 bps to 10.84% in 2023, then surged by 93 bps to 20.96% in 2024, then decreased by 8 bps to 19.38% in 2025, then slipped by 10 bps to 17.5% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 17.5% in Q2 2026, 18.55% in Q1 2026, and 19.38% in Q4 2025.