Spotify Technology (SPOT) Net Cash Flow (2017 - 2026)
Spotify Technology's Net Cash Flow came in at $93.18 million for Q3 2026, down 72.6% from $340.2 million a year earlier and down 87.9% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Net Cash Flow (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Spotify Technology reported Net Cash Flow of $587.67 million, down 40.7% year-over-year; for FY2025, it was $892.82 million, down 45.9% from FY2024.
- Net Cash Flow carries a five-year compound annual growth rate of 35.4% (FY2020 to FY2025).
- Going back by year, Net Cash Flow was $1.65 billion in FY2024 (+118.8%), $753.96 million in FY2023, -$439.5 million in FY2022 and $1.69 billion in FY2021 (+758.1%).
- The five-year range for quarterly Net Cash Flow is -$222.33 million (Q4 2025) to $803.9 million (Q3 2024).
- Year-over-year, Net Cash Flow increased in two of the last five quarters, with an average decline of 9.1%.
- Business Quant data shows SPOT's Net Cash Flow at $767.16 million (Q2 2026), -$50.34 million (Q1 2026) and -$222.33 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | -924.00 Mn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 1.98 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | -188.00 Mn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | -987.00 Mn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 93.18 Mn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 1.44 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 836.52 Mn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 1.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 93.18 Mn |
| Jun 30, 2026 | 767.16 Mn |
| Mar 31, 2026 | -50.34 Mn |
| Dec 31, 2025 | -222.33 Mn |
| Sep 30, 2025 | 340.20 Mn |
| Jun 30, 2025 | 357.70 Mn |
| Mar 31, 2025 | 369.21 Mn |
| Dec 31, 2024 | -75.87 Mn |
| Sep 30, 2024 | 803.90 Mn |
| Jun 30, 2024 | 628.90 Mn |
| Mar 31, 2024 | 324.82 Mn |
| Dec 31, 2023 | 630.50 Mn |
| Sep 30, 2023 | 7.62 Mn |
| Jun 30, 2023 | 128.49 Mn |
| Mar 31, 2023 | -15.03 Mn |
| Dec 31, 2022 | -195.89 Mn |
| Sep 30, 2022 | -90.74 Mn |
| Jun 30, 2022 | -40.55 Mn |
| Mar 31, 2022 | -108.87 Mn |
| Dec 31, 2021 | 207.06 Mn |
API Access
Spotify Technology Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();