Growth Metrics

Spotify Technology (SPOT) FCF Margin (2017 - 2025)

Historic FCF Margin for Spotify Technology (SPOT) over the last 9 years, with Q3 2025 value amounting to 19.41%.

  • Spotify Technology's FCF Margin rose 14800.0% to 19.41% in Q3 2025 from the same period last year, while for Sep 2025 it was 17.57%, marking a year-over-year increase of 55300.0%. This contributed to the annual value of 14.57% for FY2024, which is 94800.0% up from last year.
  • Spotify Technology's FCF Margin amounted to 19.41% in Q3 2025, which was up 14800.0% from 16.91% recorded in Q2 2025.
  • In the past 5 years, Spotify Technology's FCF Margin registered a high of 20.82% during Q4 2024, and its lowest value of 2.21% during Q4 2022.
  • Over the past 5 years, Spotify Technology's median FCF Margin value was 4.92% (recorded in 2021), while the average stood at 7.51%.
  • In the last 5 years, Spotify Technology's FCF Margin crashed by -66400bps in 2022 and then skyrocketed by 130300bps in 2023.
  • Quarter analysis of 5 years shows Spotify Technology's FCF Margin stood at 4.43% in 2021, then crashed by -150bps to 2.21% in 2022, then surged by 589bps to 10.81% in 2023, then surged by 92bps to 20.82% in 2024, then dropped by -7bps to 19.41% in 2025.
  • Its FCF Margin was 19.41% in Q3 2025, compared to 16.91% in Q2 2025 and 12.86% in Q1 2025.