Spotify Technology (SPOT) Total Debt (2019 - 2025)
Spotify Technology (SPOT) recorded Total Debt of $1.7 billion in the quarter ended Dec 31, 2025, up 3.2% from $1.64 billion a year earlier.
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Analysis
Spotify Technology (SPOT) Total Debt (2019 - 2025) Analysis & Trends
Starting with the quarter ended Dec 31, 2017, Spotify Technology's Total Debt history includes 27 quarters.
- Annual Total Debt has a four-year compound annual growth rate of 5.4% (years ended Dec 2021 to Dec 2025).
- Across earlier years, Total Debt came in at $1.64 billion in the year ended Dec 31, 2024 (-36.9%), $2.61 billion in the year ended Dec 31, 2023 (+12.2%), $2.32 billion in the year ended Dec 31, 2022 (+68.9%) and $1.38 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Dec 31, 2025 is the highest quarterly Total Debt since the quarter ended Jun 30, 2024.
- On a year-over-year basis, Total Debt rose in four of the last five quarters, with growth averaging 23.5%.
- Peak year-over-year performance for Total Debt in the last five years was growth of 290.2% in the quarter ended Jun 30, 2021, against a decline of 99.9% in the quarter ended Sep 30, 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 14.31 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 21.49 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 20.18 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | - |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 2.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | -15.20 Mn |
| Jun 30, 2025 | -14.72 Mn |
| Mar 31, 2025 | -13.67 Mn |
| Dec 31, 2024 | 1.64 Bn |
| Sep 30, 2024 | -12.08 Mn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 1.39 Bn |
| Dec 31, 2023 | 2.61 Bn |
| Sep 30, 2023 | 2.65 Bn |
| Jun 30, 2023 | 1.27 Bn |
| Mar 31, 2023 | 2.51 Bn |
| Dec 31, 2022 | 2.32 Bn |
| Sep 30, 2022 | 2.44 Bn |
| Jun 30, 2022 | 2.43 Bn |
| Mar 31, 2022 | 1.29 Bn |
| Dec 31, 2021 | 1.38 Bn |
| Sep 30, 2021 | 3,433.50 Bn |
| Jun 30, 2021 | 1.44 Bn |
| Mar 31, 2021 | 1.48 Bn |
API Access
Spotify Technology Total Debt 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=total-debt&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();