Spotify Technology SPOT
NYSE SPOT
$509.77 -19.08 (-3.61%)
At close: Sep 18, 2026 · 4:00 PM EDT

Spotify Technology (SPOT) Free Cash Flow (2017 - 2026)

Spotify Technology's (SPOT) quarterly Free Cash Flow came in at $971.7 million in Q2 2026, up 19.4% year-over-year from $813.9 million in Q2 2025, and down 1.31% quarter-over-quarter from $984.6 million in Q1 2026.

Analysis

Spotify Technology (SPOT) Free Cash Flow (2017 - 2026) Analysis & Trends

Spotify Technology has disclosed Free Cash Flow across 10 years of filings, most recently posting $971.7 million for Q2 2026.

  • In Q2 2026, Free Cash Flow rose 19.4% year-over-year to $971.7 million; the TTM figure through Jun 2026 stood at $4.0 billion (up 27.11% YoY), while the FY2025 annual figure was $3.5 billion, up 40.7% from the prior year.
  • Free Cash Flow came in at $971.7 million for Q2 2026 at Spotify Technology, down from $984.6 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.0 billion in Q4 2025 to a low of -$66.3 million in Q4 2022.
  • Average Free Cash Flow over 5 years is $482.6 million, with a median of $480.1 million recorded in 2024.
  • Year-over-year, Free Cash Flow tumbled 142.94% in 2022 and surged 3156.93% in 2024.
  • Over 5 years, Free Cash Flow stood at -$66.3 million in 2022, then jumped by 745.73% to $428.2 million in 2023, then soared by 121.84% to $950.0 million in 2024, then advanced by 7.58% to $1.0 billion in 2025, then dropped by 4.92% to $971.7 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $971.7 million in Q2 2026, $984.6 million in Q1 2026, and $1.0 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Netflix 298.93 Bn 289.80 Bn 6.52 Bn 1.53 Bn
2 Spotify Technology 104.93 Bn 94.01 Bn 1.86 Bn 971.73 Mn
3 Tencent Music Entertainment 12.20 Bn 9.10 Bn 582.00 Mn 422.00 Mn
4 FuboTV 1.09 Bn 3.01 Bn 399.10 Mn -314.66 Mn
5 iQIYI 974.56 Mn 490.38 Mn 152.37 Mn 52.81 Mn
6 Huya 920.96 Mn 560.70 Mn 37.58 Mn -
7 Mega Matrix 211.73 Mn 204.42 Mn 3.03 Mn -2.43 Mn
8 Kaltura 203.35 Mn 172.05 Mn 34.54 Mn -2.56 Mn
9 CuriosityStream 164.31 Mn 115.92 Mn 16.93 Mn -
10 Cineverse 50.40 Mn 46.08 Mn 10.66 Mn -1.27 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 971.73 Mn
Mar 31, 2026 984.60 Mn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 996.03 Mn
Jun 30, 2025 813.88 Mn
Mar 31, 2025 573.28 Mn
Dec 31, 2024 949.98 Mn
Sep 30, 2024 789.62 Mn
Jun 30, 2024 531.98 Mn
Mar 31, 2024 234.65 Mn
Dec 31, 2023 428.22 Mn
Sep 30, 2023 230.78 Mn
Jun 30, 2023 16.33 Mn
Mar 31, 2023 65.47 Mn
Dec 31, 2022 -66.32 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
Sep 30, 2021 174.53 Mn