Spotify Technology (SPOT) Invested Capital (2017 - 2026)

Spotify Technology (SPOT) posted Invested Capital of $9.4 billion for Q1 2026, down 17.5% sequentially from $11.4 billion in Q4 2025, and up 42.53% YoY from $6.6 billion in Q1 2025.

Spotify Technology (SPOT) Invested Capital (2017 - 2026) Analysis & Trends

Spotify Technology (SPOT) has 10 years of Invested Capital data on file, last reported at $9.4 billion in Q1 2026.

  • Quarterly Invested Capital rose 42.53% year-over-year to $9.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.4 billion (up 42.53% YoY) and the FY2025 annual result came in at $11.4 billion, up 50.92% from the prior year.
  • Invested Capital declined to $9.4 billion in Q1 2026 per SPOT's latest filing, from $11.4 billion in the prior quarter.
  • The five-year high for Invested Capital was $11.4 billion in Q4 2025, with the low at $2.3 billion in Q2 2023.
  • Average Invested Capital over 5 years is $5.1 billion, with a median of $4.0 billion recorded in 2023.
  • Year-over-year, Invested Capital slumped 39.18% in 2022 and surged 117.82% in 2024.
  • Spotify Technology's Invested Capital stood at $3.6 billion in 2022, then rose by 11.35% to $4.0 billion in 2023, then soared by 88.29% to $7.5 billion in 2024, then surged by 50.92% to $11.4 billion in 2025, then fell by 17.5% to $9.4 billion in 2026.
  • Business Quant data shows SPOT's Invested Capital at $9.4 billion in Q1 2026, $11.4 billion in Q4 2025, and $9.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Spotify Technology 101.23 Bn 90.99 Bn 1.75 Bn -1.53 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 21.07 Mn
Dec 31, 2025 11.39 Bn
Sep 30, 2025 15.20 Mn
Jun 30, 2025 18.11 Mn
Mar 31, 2025 23.14 Mn
Dec 31, 2024 7.55 Bn
Sep 30, 2024 24.16 Mn
Jun 30, 2024 50.61 Mn
Mar 31, 2024 23.90 Mn
Dec 31, 2023 4.01 Bn
Sep 30, 2023 18.51 Mn
Jun 30, 2023 30.49 Mn
Mar 31, 2023 25.76 Mn
Dec 31, 2022 3.60 Bn
Sep 30, 2022 24.20 Mn
Jun 30, 2022 24.54 Mn
Mar 31, 2022 47.14 Mn
Dec 31, 2021 3.80 Bn
Sep 30, 2021 99.06 Mn
Jun 30, 2021 104.77 Mn