Spotify Technology (SPOT) Other Working Capital Changes (2017 - 2026)
Spotify Technology (SPOT) posted Other Working Capital Changes of -$3.5 million for Q1 2026, down 250.22% sequentially from $2.3 million in Q3 2025, and down 127.82% YoY from $12.6 million in Q1 2025.
Spotify Technology (SPOT) Other Working Capital Changes (2017 - 2026) Analysis & Trends
Spotify Technology has reported Other Working Capital Changes for 10 years, with the latest figure at -$3.5 million in Q1 2026.
- Quarterly Other Working Capital Changes fell 127.82% year-over-year to -$3.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.5 million (up 22.14% YoY) and the FY2021 annual result came in at $5.7 million, down 20.04% from the prior year.
- Other Working Capital Changes eased to -$3.5 million in Q1 2026 per SPOT's latest filing, from $2.3 million in the prior quarter.
- Over five years, Other Working Capital Changes peaked at $61.0 million in Q3 2023 and troughed at $3.2 million in Q1 2025.
- A 5-year average of $21.4 million and a median of $19.6 million in 2023 frame the typical range for Other Working Capital Changes.
- The widest YoY moves for Other Working Capital Changes: up 1039.5% in 2024, down 1618.2% in 2024.
- Over 5 years, Other Working Capital Changes stood at -$12.1 million in 2022, then jumped by 82.01% to -$2.2 million in 2023, then jumped by 1039.79% to $20.5 million in 2024, then plunged by 88.57% to $2.3 million in 2025, then sank by 250.22% to -$3.5 million in 2026.
- According to Business Quant data, Other Working Capital Changes over the past three periods registered -$3.5 million, $2.3 million, and $9.1 million for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,226.97 Bn | 3,797.93 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,534.26 Bn | 1,444.00 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn |
| 4 | Baidu | 289.47 Bn | 284.98 Bn | 1.88 Mn |
| 5 | Spotify Technology | 102.75 Bn | 92.51 Bn | 1.75 Bn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 49.20 Bn | 39.57 Bn | 295.20 Mn |
| 9 | 30.47 Bn | 27.69 Bn | 734.60 Mn | |
| 10 | Tencent Music Entertainment | 27.09 Bn | 24.39 Bn | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.98 Mn |
| Mar 31, 2026 | 40.98 Mn |
| Mar 31, 2026 | 40.98 Mn |
| Sep 30, 2025 | 29.23 Mn |
| Sep 30, 2025 | 29.23 Mn |
| Sep 30, 2025 | 29.23 Mn |
| Jun 30, 2025 | 13.58 Mn |
| Jun 30, 2025 | 13.58 Mn |
| Jun 30, 2025 | 13.58 Mn |
| Mar 31, 2025 | 3.16 Mn |
| Mar 31, 2025 | 3.16 Mn |
| Mar 31, 2025 | 3.16 Mn |
| Sep 30, 2024 | 36.24 Mn |
| Sep 30, 2024 | 36.24 Mn |
| Sep 30, 2024 | 36.24 Mn |
| Jun 30, 2024 | 22.61 Mn |
| Jun 30, 2024 | 22.61 Mn |
| Jun 30, 2024 | 22.61 Mn |
| Mar 31, 2024 | 7.60 Mn |
| Mar 31, 2024 | 7.60 Mn |