Spotify Technology has been growing earnings at an average annual rate of 66%, while the Entertainment industry saw earnings growing at 10.5% annually. Revenues have been growing at an average rate of 14.8% per year. Spotify Technology's return on equity is 33.8%, and it has net margins of 15.4%.
Key information
66.00%
Earnings growth rate
65.27%
EPS growth rate
Entertainment Industry Growth
3.64%
Revenue growth rate
14.76%
Return on equity
33.81%
Net Margin
15.45%
Next Earnings Update
04 Aug 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Spotify Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BIT:1SPOT Revenue, expenses and earnings (EUR Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
17,529
2,708
1,916
1,345
31 Dec 25
17,186
2,212
1,905
1,393
30 Sep 25
16,897
1,405
1,895
1,470
30 Jun 25
16,613
806
1,879
1,503
31 Mar 25
16,227
1,166
1,864
1,476
31 Dec 24
15,673
1,138
1,873
1,486
30 Sep 24
15,102
701
1,826
1,384
30 Jun 24
14,471
466
1,866
1,411
31 Mar 24
13,841
-110
1,959
1,485
31 Dec 23
13,247
-532
2,040
1,606
30 Sep 23
12,742
-732
2,148
1,672
30 Jun 23
12,421
-963
2,256
1,689
31 Mar 23
12,108
-786
2,258
1,572
31 Dec 22
11,727
-430
2,198
1,387
30 Sep 22
11,250
-199
2,049
1,225
30 Jun 22
10,715
-31
1,842
1,047
31 Mar 22
10,182
74
1,675
966
31 Dec 21
9,668
-34
1,585
912
30 Sep 21
9,147
-120
1,518
891
30 Jun 21
8,621
-223
1,483
859
31 Mar 21
8,179
-559
1,462
871
31 Dec 20
7,880
-581
1,471
837
30 Sep 20
7,567
-665
1,412
778
30 Jun 20
7,323
-323
1,312
738
31 Mar 20
7,101
-43
1,224
622
31 Dec 19
6,764
-186
1,166
615
30 Sep 19
6,404
465
1,006
542
30 Jun 19
6,025
267
969
541
31 Mar 19
5,631
-51
959
533
31 Dec 18
5,259
-78
903
493
30 Sep 18
4,913
-1,116
944
516
30 Jun 18
4,593
-1,437
936
479
31 Mar 18
4,327
-1,231
876
431
31 Dec 17
4,090
-1,235
831
396
31 Dec 16
2,952
-539
543
207
01 Jan 16
1,940
-230
325
136
Quality Earnings: 1SPOT has high quality earnings.
Growing Profit Margin: 1SPOT's current net profit margins (15.4%) are higher than last year (7.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1SPOT has become profitable over the past 5 years, growing earnings by 66% per year.
Accelerating Growth: 1SPOT's earnings growth over the past year (132.2%) exceeds its 5-year average (66% per year).
Earnings vs Industry: 1SPOT earnings growth over the past year (132.2%) exceeded the Entertainment industry -6.4%.
Return on Equity
High ROE: 1SPOT's Return on Equity (33.8%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/09 20:00
End of Day Share Price
2026/07/09 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Spotify Technology S.A. is covered by 65 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.