Spotify Technology (SPOT) Free Cash Flow (2017 - 2026)
Spotify Technology (SPOT) posted Free Cash Flow of $984.6 million for Q1 2026, up 11.88% sequentially from $880.0 million in Q4 2025, and up 71.75% YoY from $573.3 million in Q1 2025.
Spotify Technology (SPOT) Free Cash Flow (2017 - 2026) Analysis & Trends
Spotify Technology has reported Free Cash Flow for 10 years, with the latest figure at $984.6 million in Q1 2026.
- Quarterly Free Cash Flow rose 71.75% year-over-year to $984.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.7 billion (up 30.83% YoY) and the FY2025 annual result came in at $3.3 billion, up 36.98% from the prior year.
- Free Cash Flow grew to $984.6 million in Q1 2026 per SPOT's latest filing, from $880.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $996.0 million in Q3 2025 and troughed at -$117.3 million in Q4 2022.
- A 5-year average of $439.6 million and a median of $415.3 million in 2023 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow slumped 175.97% in 2022, then soared 3156.93% in 2024.
- Over 5 years, Free Cash Flow stood at -$117.3 million in 2022, then soared by 453.97% to $415.3 million in 2023, then jumped by 119.99% to $913.6 million in 2024, then slipped by 3.68% to $880.0 million in 2025, then grew by 11.88% to $984.6 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $984.6 million, $880.0 million, and $996.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,226.97 Bn | 3,797.93 Bn | 73.85 Bn | -5.86 Bn |
| 2 | Meta Platforms | 1,534.26 Bn | 1,444.00 Bn | 49.47 Bn | 1.75 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | - |
| 4 | Baidu | 289.47 Bn | 284.98 Bn | 1.88 Mn | 1.24 Bn |
| 5 | Spotify Technology | 102.75 Bn | 92.51 Bn | 1.75 Bn | 984.60 Mn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 290,746.00 |
| 8 | Nebius | 49.20 Bn | 39.57 Bn | 295.20 Mn | 4.73 Bn |
| 9 | 30.47 Bn | 27.69 Bn | 734.60 Mn | 260.74 Mn | |
| 10 | Tencent Music Entertainment | 27.09 Bn | 24.39 Bn | 514.00 Mn | 336.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 984.60 Mn |
| Mar 31, 2026 | 984.60 Mn |
| Dec 31, 2025 | 880.02 Mn |
| Dec 31, 2025 | 880.02 Mn |
| Sep 30, 2025 | 996.03 Mn |
| Sep 30, 2025 | 996.03 Mn |
| Jun 30, 2025 | 813.88 Mn |
| Jun 30, 2025 | 813.88 Mn |
| Mar 31, 2025 | 573.28 Mn |
| Mar 31, 2025 | 573.28 Mn |
| Dec 31, 2024 | 913.65 Mn |
| Dec 31, 2024 | 913.65 Mn |
| Sep 30, 2024 | 789.62 Mn |
| Sep 30, 2024 | 789.62 Mn |
| Jun 30, 2024 | 531.98 Mn |
| Jun 30, 2024 | 531.98 Mn |
| Mar 31, 2024 | 234.65 Mn |
| Mar 31, 2024 | 234.65 Mn |
| Dec 31, 2023 | 415.31 Mn |
| Dec 31, 2023 | 415.31 Mn |