To the full analysis
Spotify Technology stock: growth
SPOTSpotify Technology reported $19.04B in revenue for fiscal 2025, up 9.7% on the prior year, up 16.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
24.4%
per year from 2015 to 2025, per share 21.9%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | |
|---|---|---|
| Revenue | 16.9% | 24.4% |
| Revenue per share | 14.8% | 21.9% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | 73.8% | no data |
| Free cash flow per share | 70.7% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2015 | $2.15B | −$254.86M | −$96.4M |
| 2016 | $3.27B | −$597.27M | $82M |
| 2017 | $4.53B | −$1.37B | $147.38M |
| 2018 | $5.83B | −$86.43M | $242.67M |
| 2019 | $7.5B | −$206.11M | $485.35M |
| 2020 | $8.73B | −$643.81M | $200.57M |
| 2021 | $10.71B | −$37.68M | $305.84M |
| 2022 | $12.99B | −$476.48M | $23.27M |
| 2023 | $14.68B | −$589.51M | $746.86M |
| 2024 | $17.37B | $1.26B | $2.53B |
| 2025 | $19.04B | $2.45B | $3.18B |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 21 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.