Free Cash Flow for Spotify (SPOT)
Free Cash Flow for Spotify (SPOT): headline value $2.87B · YoY +25.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SPOT
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.87B
YoY change
+25.7%
5Y CAGR
+73.8%
Peak year (2025)
$2.87B
Latest annual
$2.87B
Free Cash Flow history chart for Spotify (SPOT) from 2015 to 2025
Free Cash Flow history table for Spotify (SPOT) from 2015 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.87B | +25.7% | ||
| 2024 | $2.28B | +238.9% | ||
| 2023 | $674.00M | +3109.5% | ||
| 2022 | $21.00M | -92.4% | ||
| 2021 | $276.00M | +52.5% | ||
| 2020 | $181.00M | -58.7% | ||
| 2019 | $438.00M | +100.0% | ||
| 2018 | $219.00M | +64.7% | ||
| 2017 | $133.00M | +79.7% | ||
| 2016 | $74.00M | -185.1% | ||
| 2015 | -$87.00M | — |
Free Cash Flow values are taken from Spotify's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
Analysis
Spotify (SPOT) most recent annual free cash flow stands at $2.87B (2025) – grew 25.7% year-over-year.
Across 2020–2025 (5 years), Spotify free cash flow produced a CAGR of +73.8% – sustaining 3 straight years of year-over-year growth.
$2.87B stands as the all-time-high annual free cash flow, posted in 2025, against a low of -$87.00M during 2015.
Spotify (SPOT) sits 9th of 8 Communication Services peers we track on this metric, against a peer median of $19.78B.
Spotify Free Cash Flow by Year
Spotify Free Cash Flow 2025: $2.87B
Spotify free cash flow in 2025 was $2.87B, grew 25.7% from 2024. This figure represents the highest annual value in the available history.
Spotify Free Cash Flow 2024: $2.28B
Spotify free cash flow in 2024 was $2.28B, surged 238.9% from 2023.
Spotify Free Cash Flow 2023: $674.00M
Spotify free cash flow in 2023 was $674.00M, surged 3109.5% from 2022.
Spotify Free Cash Flow 2022: $21.00M
Spotify free cash flow in 2022 was $21.00M, plunged 92.4% below 2021.
Spotify Free Cash Flow 2021: $276.00M
Spotify free cash flow in 2021 was $276.00M.
See more financial history for Spotify (SPOT).
Sector peers — Free Cash Flow
Companies in the same sector as Spotify, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $73.27B | Communication Services |
| Meta Platforms, Inc. (META) | $46.11B | Communication Services |
| Comcast Corporation (CMCSA) | $21.89B | Communication Services |
| Verizon Communications Inc. (VZ) | $20.13B | Communication Services |
| AT&T Inc. (T) | $19.44B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.00B | Communication Services |
| The Walt Disney Company (DIS) | $10.08B | Communication Services |
| Netflix, Inc. (NFLX) | $9.46B | Communication Services |
Frequently asked questions
What is Spotify's free cash flow?
Latest reported free cash flow for Spotify (SPOT) is $2.87B (period ending December 31, 2025).
How has Spotify free cash flow changed year-over-year?
Spotify (SPOT) free cash flow changed +25.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Spotify free cash flow?
Spotify (SPOT) free cash flow compound annual growth rate is +73.8% over the most recent 5 years available.
When did Spotify free cash flow hit its highest annual value?
Spotify free cash flow reached its highest annual value of $2.87B in 2025.
What was Spotify free cash flow in 2024?
Spotify (SPOT) free cash flow in 2024 was $2.28B.
What was Spotify free cash flow in 2025?
Spotify (SPOT) free cash flow in 2025 was $2.87B.
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