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Spotify (SPOT) Cash Flow Waterfall

Trace Spotify's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Analysis
Capital Return

No dividends or stock splits on record for this company.

TTM

Operating CF

€3.24B

Capex

−€60.08M

Free Cash Flow

€3.18B

FCF Margin

+98.1%

Cash flow waterfall for Spotify (SPOT) — TTM through Q1 2026

Free cash flow: €3.18B

Cash flow breakdown for Spotify (SPOT) — TTM through Q1 2026

  • Operating Cash Flow€3.24B
  • Capital Expenditure−€60.08M
  • Free Cash Flow€3.18B
  • Other Investing−€666.88M
  • Share Buybacks−€692.03M
  • Net Debt Change−€71.00M
  • Other Financing−€1.38B
  • Forex Effect−€237.94M
  • Net Cash Increase€134.35M
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Capital Return

No dividends or stock splits on record for this company.