Spotify Technology (SPOT) Net Cash Flow (2017 - 2026)
Spotify Technology's Net Cash Flow came in at $767.16 million for the quarter ended Jun 30, 2026, up 114.5% from $357.7 million a year earlier.
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Analysis
Spotify Technology (SPOT) Net Cash Flow (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Spotify Technology reported Net Cash Flow of $2.91 billion, up 3.2% year-over-year; for the year ended Dec 31, 2025, it was $2.96 billion, down 8.2% from the prior year.
- Net Cash Flow carries a five-year compound annual growth rate of 38.1% (years ended Dec 2020 to Dec 2025).
- Going back by year, Net Cash Flow was $3.23 billion in the year ended Dec 31, 2024 (+227.3%), $986.64 million in the year ended Dec 31, 2023, $3.06 million in the year ended Dec 31, 2022 (-99.8%) and $1.83 billion in the year ended Dec 31, 2021 (+210.3%).
- The five-year range for quarterly Net Cash Flow is -$93.86 million (the quarter ended Dec 31, 2022) to $1.69 billion (the quarter ended Sep 30, 2025).
- Year-over-year, Net Cash Flow increased in four of the last six quarters, with growth averaging 23.5%.
- The fastest year-over-year change in Net Cash Flow over five years came in the quarter ended Mar 31, 2024 (growth of 150.1%), and the weakest in the quarter ended Mar 31, 2022 (a decline of 95.9%).
- Business Quant data shows SPOT's Net Cash Flow at -$50.34 million (quarter ended Mar 31, 2026), $509.85 million (quarter ended Dec 31, 2025) and $1.69 billion (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 17.88 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | -1.82 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | -3.14 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 1.98 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | -188.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | -987.00 Mn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 1.44 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 836.52 Mn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 767.16 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 1.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 24.77 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();