Spotify Technology S.A. (SPOT) balance sheet
NYSE · Communication Services · Internet Content & Information · 7,000 employees · CEO Alex Norström
- Price
- $593.44 +6.50%
- Market cap
- $122B
- Enterprise value
- €103B
- Last report
- Q3 '26 filed 2026-10-22
- Next report
- 2027-02-09
At the end of Q3 '26 Spotify Technology S.A. (SPOT) held €11.2B in cash and short-term investments against €513M of debt incl. leases. Total assets €16.3B, total liabilities €6.33B, shareholders' equity €9.93B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | €3.11B | €3.45B | €4.05B | €4.69B | €4.78B | €5.02B | €5.16B | €5.46B | €5.26B | €5.26B | €5.94B | €6.85B | |
| Short-term investments | €1.1B | €1.22B | €1.34B | €1.39B | €2.67B | €2.89B | €3.18B | €3.61B | €4.21B | €3.49B | €3.45B | €4.38B | |
| Receivables | €878M | €798M | €788M | €776M | €799M | €795M | €819M | €852M | €918M | €777M | €872M | €983M | |
| Other current assets | €168M | €175M | €158M | €147M | €132M | €146M | €136M | €143M | €111M | €136M | €116M | €166M | |
| Current assets | €5.26B | €5.64B | €6.34B | €7B | €8.38B | €8.85B | €9.3B | €10.1B | €10.5B | €9.66B | €10.4B | €12.4B | |
| Property, plant & equipment (net) | €547M | €498M | €465M | €430M | €414M | €401M | €417M | €416M | €422M | €409M | €418M | €463M | |
| Long-term investments | €1.22B | €1.53B | €1.93B | €1.6B | €1.64B | €1.96B | €2.42B | €2.89B | €2.18B | €1.19B | €1.12B | €1.34B | |
| Goodwill | €1.14B | €1.16B | €1.17B | €1.13B | €1.2B | €1.16B | €1.07B | €1.08B | €1.08B | €1.1B | €1.11B | €1.27B | |
| Intangible assets | €84M | €76M | €68M | €58M | €48M | €43M | €37M | €33M | €41M | €41M | €36M | €34.1M | |
| Deferred tax assets | €28M | €41M | €49M | €194M | €186M | €136M | €94M | €87M | €662M | €596M | €563M | €622M | |
| Other non-current assets | €75M | €123M | €122M | €136M | €142M | €139M | €127M | €130M | €130M | €130M | €127M | €151M | |
| Non-current assets | €3.09B | €3.43B | €3.8B | €3.55B | €3.63B | €3.83B | €4.17B | €4.63B | €4.52B | €3.47B | €3.37B | €3.88B | |
| Total assets | €8.35B | €9.08B | €10.1B | €10.6B | €12B | €12.7B | €13.5B | €14.7B | €15B | €13.1B | €13.7B | €16.3B | |
| Liabilities | |||||||||||||
| Accounts payable | €662M | €715M | €750M | €738M | €933M | €693M | €803M | €802M | €783M | €821M | €888M | €1.09B | |
| Accrued expenses | €2.44B | €2.23B | €2.22B | €2.28B | €2.27B | €2.47B | €2.44B | €2.46B | €2.52B | €2.41B | €2.51B | €282M | |
| Short-term debt | €0 | €0 | €0 | €0 | €0 | €1.65B | €1.93B | €1.74B | €1.46B | €0 | €0 | €69.3M | |
| Taxes payable | €303M | €14M | €17M | €343M | €368M | €0 | €384M | €0 | €0 | €0 | €171M | €0 | |
| Deferred revenue | €622M | €634M | €657M | €680M | €683M | €675M | €665M | €692M | €711M | €750M | €778M | €902M | |
| Other current liabilities | €63M | €75M | €101M | €70M | €119M | €93M | €89M | €97M | €92M | €101M | €103M | €3.26B | |
| Current liabilities | €4.09B | €3.97B | €4.06B | €4.11B | €4.45B | €5.97B | €6.31B | €6.24B | €6.09B | €4.69B | €4.91B | €5.82B | |
| Long-term debt | €1.2B | €1.27B | €1.32B | €1.34B | €1.54B | €0 | €0 | €0 | €0 | €0 | €0 | €0 | |
| Lease obligations (non-current) | €493M | €493M | €472M | €446M | €462M | €448M | €453M | €444M | €433M | €414M | €404M | €444M | |
| Deferred tax liabilities | €8M | €17M | €19M | €20M | €21M | €21M | €66M | €223M | €163M | €11M | €30M | €51.1M | |
| Other non-current liabilities | €29M | €20M | €14M | €8M | €8M | €6M | €7M | €4M | €5M | €5M | €15M | €17M | |
| Non-current liabilities | €1.73B | €1.8B | €1.83B | €1.81B | €2.03B | €475M | €526M | €671M | €601M | €430M | €449M | €512M | |
| Total liabilities | €5.82B | €5.77B | €5.89B | €5.92B | €6.48B | €6.44B | €6.84B | €6.91B | €6.69B | €5.12B | €5.36B | €6.33B | |
| Equity | |||||||||||||
| Retained earnings | -€4.18B | -€3.99B | -€3.71B | -€3.41B | -€3.04B | -€2.82B | -€2.91B | -€2.01B | -€832M | -€124M | €421M | €1.12B | |
| Accumulated other comprehensive income | €1.81B | €2.16B | €2.6B | €2.48B | €2.71B | €3B | €3.37B | €3.65B | €3.37B | €2.58B | €2.59B | €2.99B | |
| Shareholders' equity | €2.52B | €3.31B | €4.26B | €4.63B | €5.53B | €6.25B | €6.63B | €7.78B | €8.33B | €8.01B | €8.39B | €9.93B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | €1.7B | €1.76B | €1.8B | €1.79B | €2.08B | €2.1B | €2.38B | €2.25B | €1.96B | €476M | €466M | €513M | |
| Net debt (debt - cash) | -€1.42B | -€1.69B | -€2.26B | -€2.9B | -€2.71B | -€2.92B | -€2.78B | -€3.21B | -€3.3B | -€4.78B | -€5.47B | -€6.34B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | €755M | €477M | €891M | €1.07B | €1.15B | €2.74B | €2.48B | €3.11B | €4.78B | €5.26B | |
| Short-term investments | €830M | €1.03B | €915M | €692M | €596M | €756M | €867M | €1.1B | €2.67B | €4.21B | |
| Receivables | €306M | €360M | €402M | €406M | €468M | €626M | €695M | €878M | €799M | €918M | |
| Other current assets | €18M | €29M | €38M | €32M | €104M | €172M | €218M | €168M | €132M | €111M | |
| Current assets | €1.91B | €1.9B | €2.25B | €2.23B | €2.37B | €4.37B | €4.35B | €5.26B | €8.38B | €10.5B | |
| Property, plant & equipment (net) | €85M | €73M | €197M | €780M | €757M | €809M | €765M | €547M | €414M | €422M | |
| Long-term investments | €0 | €911M | €1.65B | €1.5B | €2.28B | €916M | €1.14B | €1.22B | €1.64B | €2.18B | |
| Goodwill | €73M | €135M | €146M | €478M | €736M | €894M | €1.17B | €1.14B | €1.2B | €1.08B | |
| Intangible assets | €7M | €27M | €28M | €58M | €97M | €89M | €127M | €84M | €48M | €41M | |
| Deferred tax assets | €3M | €9M | €8M | €9M | €15M | €13M | €8M | €28M | €186M | €662M | |
| Other non-current assets | €23M | €54M | €65M | €69M | €78M | €77M | €78M | €75M | €142M | €130M | |
| Non-current assets | €191M | €1.21B | €2.09B | €2.89B | €3.96B | €2.8B | €3.28B | €3.09B | €3.63B | €4.52B | |
| Total assets | €2.1B | €3.11B | €4.34B | €5.12B | €6.33B | €7.17B | €7.64B | €8.35B | €12B | €15B | |
| Liabilities | |||||||||||
| Accounts payable | €139M | €242M | €295M | €377M | €434M | €534M | €588M | €662M | €933M | €783M | |
| Accrued expenses | €668M | €881M | €1.08B | €1.44B | €1.75B | €1.84B | €2.09B | €2.44B | €2.27B | €2.52B | |
| Short-term debt | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €1.46B | |
| Taxes payable | €56M | €100M | €5M | €9M | €9M | €23M | €255M | €303M | €368M | €0 | |
| Deferred revenue | €149M | €216M | €258M | €319M | €380M | €458M | €520M | €622M | €683M | €711M | |
| Other current liabilities | €203M | €420M | €395M | €148M | €148M | €141M | €60M | €63M | €119M | €92M | |
| Current liabilities | €1.22B | €1.86B | €2.15B | €2.44B | €2.9B | €3.23B | €3.52B | €4.09B | €4.45B | €6.09B | |
| Long-term debt | €1.11B | €944M | €0 | €0 | €0 | €1.2B | €1.13B | €1.2B | €1.54B | €0 | |
| Lease obligations (non-current) | €1M | €0 | €0 | €622M | €577M | €579M | €555M | €493M | €462M | €433M | |
| Deferred tax liabilities | €0 | €3M | €2M | €2M | €0 | €0 | €5M | €8M | €21M | €163M | |
| Other non-current liabilities | €13M | €62M | €91M | €22M | €44M | €44M | €31M | €29M | €8M | €5M | |
| Non-current liabilities | €1.12B | €1.01B | €93M | €646M | €621M | €1.83B | €1.72B | €1.73B | €2.03B | €601M | |
| Total liabilities | €2.34B | €2.87B | €2.24B | €3.09B | €3.52B | €5.05B | €5.24B | €5.82B | €6.48B | €6.69B | |
| Equity | |||||||||||
| Retained earnings | -€1.19B | -€2.43B | -€2.51B | -€2.71B | -€3.29B | -€3.22B | -€3.65B | -€4.18B | -€3.04B | -€832M | |
| Accumulated other comprehensive income | €122M | €177M | €875M | €924M | €1.69B | €853M | €1.52B | €1.81B | €2.71B | €3.37B | |
| Shareholders' equity | -€240M | €238M | €2.09B | €2.04B | €2.81B | €2.12B | €2.4B | €2.52B | €5.53B | €8.33B | |
| Debt | |||||||||||
| Total debt (incl. leases) | €1.11B | €945M | €0 | €622M | €577M | €1.78B | €1.68B | €1.7B | €2.08B | €1.96B | |
| Net debt (debt - cash) | €357M | €468M | -€891M | -€443M | -€574M | -€963M | -€800M | -€1.42B | -€2.71B | -€3.3B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in EUR.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01 · Amounts in EUR as reported; price and market cap in USD.