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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |