Spotify Technology (SPOT) Free Cash Flow (2017 - 2026)
Spotify Technology (SPOT) posted Free Cash Flow of $858.22 million for Q3 2026, down 13.8% from $996.03 million a year earlier and down 11.7% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Free Cash Flow (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Spotify Technology was $3.69 billion, up 12.1% year-over-year; for FY2025, it was $3.34 billion, up 37.0% from FY2024.
- Annual Free Cash Flow shows a five-year compound annual growth rate of 74.5% (FY2020 to FY2025).
- In prior years, Spotify Technology's Free Cash Flow was $2.44 billion in FY2024 (+234.8%), $729.08 million in FY2023, $22.13 million in FY2022 (-93.2%) and $326.62 million in FY2021 (+58.0%).
- The Q3 2026 figure stands as the lowest quarterly Free Cash Flow since Q2 2025.
- On a year-over-year basis, Free Cash Flow increased in six of the last eight quarters, with growth averaging 52.1%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2023, with growth of 408.6%; the weakest was Q3 2022, with a decline of 74.0%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $971.73 million (Q2 2026), $984.6 million (Q1 2026) and $880.02 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 2.88 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 13.35 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 654.00 Mn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 2.79 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 858.22 Mn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 3.64 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 3.77 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 1.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 858.22 Mn |
| Jun 30, 2026 | 971.73 Mn |
| Mar 31, 2026 | 984.60 Mn |
| Dec 31, 2025 | 880.02 Mn |
| Sep 30, 2025 | 996.03 Mn |
| Jun 30, 2025 | 813.88 Mn |
| Mar 31, 2025 | 573.28 Mn |
| Dec 31, 2024 | 913.65 Mn |
| Sep 30, 2024 | 789.62 Mn |
| Jun 30, 2024 | 531.98 Mn |
| Mar 31, 2024 | 234.65 Mn |
| Dec 31, 2023 | 415.31 Mn |
| Sep 30, 2023 | 230.78 Mn |
| Jun 30, 2023 | 16.33 Mn |
| Mar 31, 2023 | 65.47 Mn |
| Dec 31, 2022 | -117.33 Mn |
| Sep 30, 2022 | 45.37 Mn |
| Jun 30, 2022 | 46.95 Mn |
| Mar 31, 2022 | 52.75 Mn |
| Dec 31, 2021 | 154.44 Mn |
API Access
Spotify Technology Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();