Growth Metrics

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

Spotify Technology's FCF Margin history spans 10 years, with the latest figure at 18.55% for Q1 2026.

  • On a quarterly basis, FCF Margin rose 555.0% to 18.55% in Q1 2026 year-over-year; TTM through Mar 2026 was 18.08%, a 196.0% increase, with the full-year FY2025 number at 16.71%, up 214.0% from a year prior.
  • FCF Margin hit 18.55% in Q1 2026 for Spotify Technology, up from 16.69% in the prior quarter.
  • Over the last five years, FCF Margin for SPOT hit a ceiling of 20.16% in Q4 2024 and a floor of 3.63% in Q4 2022.
  • Historically, FCF Margin has averaged 9.58% across 5 years, with a median of 10.51% in 2023.
  • Biggest five-year swings in FCF Margin: plummeted -865bps in 2022 and later soared 1415bps in 2023.
  • Tracing SPOT's FCF Margin over 5 years: stood at 3.63% in 2022, then surged by 389bps to 10.51% in 2023, then soared by 92bps to 20.16% in 2024, then fell by -17bps to 16.69% in 2025, then grew by 11bps to 18.55% in 2026.
  • Business Quant data shows FCF Margin for SPOT at 18.55% in Q1 2026, 16.69% in Q4 2025, and 19.94% in Q3 2025.