Shares Outstanding for Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's latest reported diluted shares outstanding is 212.49M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SPOT
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Latest period
212.49M
YoY change
+1.7%
5Y CAGR
+2.3%
Peak year (2025)
210.51M
Latest annual
210.51M
Shares Outstanding history chart for Spotify (SPOT) from 2015 to 2025
Shares Outstanding history table for Spotify (SPOT) from 2015 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 210.51M | +1.7% | ||
| 2024 | 206.99M | +6.3% | ||
| 2023 | 194.73M | -0.6% | ||
| 2022 | 195.85M | +1.0% | ||
| 2021 | 193.94M | +3.4% | ||
| 2020 | 187.58M | +3.7% | ||
| 2019 | 180.96M | -0.1% | ||
| 2018 | 181.21M | +1.7% | ||
| 2017 | 178.11M | +6.2% | ||
| 2016 | 167.78M | 0.0% | ||
| 2015 | 167.78M | — |
Shares Outstanding values are taken from Spotify's reported income 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
As of the 2025 fiscal year, Spotify (SPOT) reported diluted shares outstanding of 210.51M – edged up 1.7% year-over-year.
Across 2020–2025 (5 years), Spotify diluted shares outstanding produced a CAGR of +2.3% – sustaining 2 straight years of year-over-year growth.
2025 marks the peak diluted shares outstanding at 210.51M, with the historical low of 167.78M recorded in 2015.
Within Communication Services, Spotify (SPOT) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 3.93B.
Spotify Shares Outstanding by Year
Spotify Shares Outstanding 2025: 210.51M
Spotify diluted shares outstanding in 2025 was 210.51M, edged up 1.7% from 2024. This figure represents the highest annual value in the available history.
Spotify Shares Outstanding 2024: 206.99M
Spotify diluted shares outstanding in 2024 was 206.99M, grew 6.3% from 2023.
Spotify Shares Outstanding 2023: 194.73M
Spotify diluted shares outstanding in 2023 was 194.73M, edged down 0.6% below 2022.
Spotify Shares Outstanding 2022: 195.85M
Spotify diluted shares outstanding in 2022 was 195.85M, edged up 1.0% from 2021.
Spotify Shares Outstanding 2021: 193.94M
Spotify diluted shares outstanding in 2021 was 193.94M.
See more financial history for Spotify (SPOT).
Sector peers — Shares Outstanding
Companies in the same sector as Spotify, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | 12.23B | Communication Services |
| AT&T Inc. (T) | 7.18B | Communication Services |
| Netflix, Inc. (NFLX) | 4.32B | Communication Services |
| Verizon Communications Inc. (VZ) | 4.23B | Communication Services |
| Comcast Corporation (CMCSA) | 3.64B | Communication Services |
| Meta Platforms, Inc. (META) | 2.57B | Communication Services |
| The Walt Disney Company (DIS) | 1.81B | Communication Services |
| T-Mobile US, Inc. (TMUS) | 1.13B | Communication Services |
Frequently asked questions
What is Spotify's diluted shares outstanding?
- Latest reported diluted shares outstanding for Spotify (SPOT) is 212.49M (period ending December 31, 2025).
How has Spotify diluted shares outstanding changed year-over-year?
- Spotify (SPOT) diluted shares outstanding changed +1.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Spotify diluted shares outstanding?
- Spotify (SPOT) diluted shares outstanding compound annual growth rate is +2.3% over the most recent 5 years available.
When did Spotify diluted shares outstanding hit its highest annual value?
- Spotify diluted shares outstanding reached its highest annual value of 210.51M in 2025.
What was Spotify diluted shares outstanding in 2024?
- Spotify (SPOT) diluted shares outstanding in 2024 was 206.99M.
What was Spotify diluted shares outstanding in 2025?
- Spotify (SPOT) diluted shares outstanding in 2025 was 210.51M.
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