Spotify Technology (SPOT) Total Debt (2018 - 2025)
Spotify Technology (SPOT) recorded Total Debt of $1.71 billion in Q4 2025, up 6.9% from $1.6 billion a year earlier.
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Analysis
Spotify Technology (SPOT) Total Debt (2018 - 2025) Analysis & Trends
Starting with Q1 2018, Spotify Technology's Total Debt history includes 27 quarters.
- Annual Total Debt has a four-year compound annual growth rate of 5.9% (FY2021 to FY2025).
- Across earlier years, Total Debt came in at $1.6 billion in FY2024 (-40.3%), $2.68 billion in FY2023 (+10.5%), $2.43 billion in FY2022 (+78.3%) and $1.36 billion in FY2021.
- The Q4 2025 figure is the highest quarterly Total Debt since Q4 2023.
- On a year-over-year basis, Total Debt rose in two of the last four quarters, with an average decline of 15.7%.
- Peak year-over-year performance for Total Debt in the last five years was growth of 99.1% in Q1 2023, against a decline of 99.9% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -$15.25 million (Q3 2025), -$15.25 million (Q2 2025) and -$14.07 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (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 | 15.13 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 21.57 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | - |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 20.18 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | - |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 2.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.71 Bn |
| Sep 30, 2025 | -15.25 Mn |
| Jun 30, 2025 | -15.25 Mn |
| Mar 31, 2025 | -14.07 Mn |
| Dec 31, 2024 | 1.60 Bn |
| Sep 30, 2024 | -12.29 Mn |
| Jun 30, 2024 | 1.47 Bn |
| Mar 31, 2024 | 1.39 Bn |
| Dec 31, 2023 | 2.68 Bn |
| Sep 30, 2023 | 2.57 Bn |
| Jun 30, 2023 | 1.27 Bn |
| Mar 31, 2023 | 2.55 Bn |
| Dec 31, 2022 | 2.43 Bn |
| Sep 30, 2022 | 2.38 Bn |
| Jun 30, 2022 | 2.38 Bn |
| Mar 31, 2022 | 1.28 Bn |
| Dec 31, 2021 | 1.36 Bn |
| Sep 30, 2021 | 3,377.81 Bn |
| Jun 30, 2021 | 1.43 Bn |
| Mar 31, 2021 | 1.44 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();