Spotify Technology (SPOT) Other Working Capital Changes (2017 - 2026)
Spotify Technology (SPOT) posted Other Working Capital Changes of $16.11 million for Q3 2026, down 44.9% from $29.23 million a year earlier and down 44.6% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Other Working Capital Changes (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Other Working Capital Changes at Spotify Technology was $29.1 million, down 9.3% year-over-year; for FY2025, it was $95.45 million, up 86.1% from FY2024.
- Annual Other Working Capital Changes shows a five-year compound annual growth rate of 1.1% (FY2020 to FY2025).
- In prior years, Spotify Technology's Other Working Capital Changes was $51.29 million in FY2024 (-56.1%), $116.83 million in FY2023 (+126.2%), $51.64 million in FY2022 (-39.4%) and $85.2 million in FY2021 (-5.5%).
- Quarterly Other Working Capital Changes has run from a low of -$57.04 million in Q4 2025 to a high of $60.96 million in Q3 2023 over five years.
- On a year-over-year basis, Other Working Capital Changes increased in 1 of the last five quarters, with an average decline of 9.8%.
- The strongest year-over-year quarter for Other Working Capital Changes in the past five years was Q3 2023, with growth of 202.3%; the weakest was Q1 2022, with a decline of 84.9%.
- According to Business Quant data, Other Working Capital Changes for the three prior quarters was $29.06 million (Q2 2026), $40.98 million (Q1 2026) and -$57.04 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.11 Mn |
| Jun 30, 2026 | 29.06 Mn |
| Mar 31, 2026 | 40.98 Mn |
| Dec 31, 2025 | -57.04 Mn |
| Sep 30, 2025 | 29.23 Mn |
| Jun 30, 2025 | 13.58 Mn |
| Mar 31, 2025 | 3.16 Mn |
| Dec 31, 2024 | -13.89 Mn |
| Sep 30, 2024 | 36.24 Mn |
| Jun 30, 2024 | 22.61 Mn |
| Mar 31, 2024 | 7.60 Mn |
| Dec 31, 2023 | 30.13 Mn |
| Sep 30, 2023 | 60.96 Mn |
| Jun 30, 2023 | 19.60 Mn |
| Mar 31, 2023 | 6.44 Mn |
| Dec 31, 2022 | 13.26 Mn |
| Sep 30, 2022 | 20.17 Mn |
| Jun 30, 2022 | 10.67 Mn |
| Mar 31, 2022 | 6.73 Mn |
| Dec 31, 2021 | 19.45 Mn |
API Access
Spotify Technology Other Working Capital Changes 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=other-working-capital-changes&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();