Spotify Technology (SPOT) Invested Capital (2021 - 2026)

Spotify Technology has reported Invested Capital for 6 years, with the latest figure at -$1.5 billion in Q1 2026.

• Quarterly Invested Capital fell 187.75% year-over-year to -$1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.4 billion (down 30.11% YoY) and the FY2025 annual result came in at $1.7 billion, up 3.2% from the prior year.
• Invested Capital fell to -$1.5 billion in Q1 2026 per SPOT's latest filing, from $1.7 billion in the prior quarter.
• Over five years, Invested Capital peaked at $2.2 billion in Q2 2025 and troughed at -$1.5 billion in Q1 2026.
• A 5-year average of $1.3 billion and a median of $1.3 billion in 2023 frame the typical range for Invested Capital.
• The sharpest annual moves came in 2025 and 2026: Invested Capital soared 53.26% in 2025, then sank 187.75% in 2026.
• Over 5 years, Invested Capital stood at $1.2 billion in 2022, then grew by 12.47% to $1.3 billion in 2023, then climbed by 27.06% to $1.6 billion in 2024, then increased by 3.2% to $1.7 billion in 2025, then tumbled by 189.95% to -$1.5 billion in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered -$1.5 billion, $1.7 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.