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Buybacks for Spotify (SPOT)

TTM repurchases $807.51M · 5Y diluted share change +12.2% · SBC coverage 3.38×.

Analysis
Capital Return
USD

Buyback yield (TTM)

0.80%

Shareholder yield (TTM)

0.80%

5Y share count change

12.2%

Buyback spend (TTM)

$807.51M

Key takeaways

  • Spotify (SPOT) repurchased about $807.51M of stock over the trailing twelve months.
  • Diluted share count is up 12.2% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
  • TTM buyback ÷ stock-based-comp ratio of 3.38× — repurchases more than cover SBC dilution.
  • Cash buyback spend has compounded at +71.0% per year over the latest 5-year window.
  • TTM repurchases used about 22% of free cash flow remaining after dividends.

Dividend & buyback yield over time for Spotify (SPOT)

Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.

Diluted vs basic shares (annual) for Spotify (SPOT)

Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.

Year-over-year change in diluted shares for Spotify (SPOT)

Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.

Cash buyback spend over time for Spotify (SPOT)

Latest: $510.99M

Overview

Spotify (SPOT) most recent annual buyback spend stands at $439.00M (2025) – surged 254.8% year-over-year.

Over 2020–2025 (5 years), Spotify buyback spend expanded at a +70.2% compound annual rate, sustaining 3 straight years of year-over-year growth.

$510.99M stands as the all-time-high annual buyback spend, posted in 2025, against a low of $0.00 during 2015.

Spotify Buyback Spend 2025: $510.99M

In 2025, Spotify reported buyback spend of $510.99M, surged 225.2% from 2024. This figure represents the highest annual value in the available history.

Spotify Buyback Spend 2024: $144.02M

Spotify buyback spend in 2024 was $144.02M, surged 98.5% from 2023.

Spotify Buyback Spend 2023: $73.19M

2023's buyback spend for Spotify came in at $73.19M, surged 3300.0% from 2022.

Spotify Buyback Spend 2022: $2.04M

Spotify posted buyback spend of $2.04M in 2022, plunged 98.6% below 2021.

Spotify Buyback Spend 2021: $163.48M

Spotify buyback spend in 2021 was $163.48M.

See more financial history for Spotify (SPOT).

Buyback, SBC & dilution history

Buyback spend, SBC, net dilution effect, and share count.

  • 2025$510.99M
  • 2024$144.02M
  • 2023$73.19M
  • 2022$2.04M
  • 2021$163.48M
  • 2020$35.77M
  • 2019$484.95M
  • 2018$82.13M
  • 2017$0.00
  • 2016$0.00
  • 2015$0.00

Buybacks vs stock-based compensation for Spotify (SPOT)

Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.38×.

Buybacks vs dividends (share of cash returned) for Spotify (SPOT)

How Spotify splits cash returned to shareholders between dividends and buybacks.

Sector peers by buyback spend

Companies in the same sector as Spotify, ranked by their latest buyback spend.

Buyback capacity (TTM)

Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.

TTM buybacks vs headroom (FCF − dividends, TTM)22% of headroom

Headroom $3.69B (TTM FCF − TTM dividends, clamped at zero).

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