Spotify Technology S.A.
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Spotify Technology S.A.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 13% to $13,247,000,000. Profit margin reached -4%. Total operating expenses were $3,843,000,000.

Profit Margin

Spotify Technology S.A. (NYSE:SPOT): Profit margin
2015 1.94B -230M -11.86%
2016 2.95B -539M -18.26%
2017 4.09B -1.23B -30.2%
2018 5.25B -78M -1.48%
2019 6.76B -186M -2.75%
2020 7.88B -581M -7.37%
2021 9.66B -34M -0.35%
2022 11.72B -430M -3.67%
2023 13.24B -532M -4.02%

SPOT Income Statement (2015 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue
Revenue
13.24B11.72B9.66B7.88B6.76B5.25B4.09B2.95B1.94B
Cost of revenue
9.85B8.80B7.07B5.86B5.04B3.90B3.24B2.55B1.71B
Gross profit
3.39B2.92B2.59B2.01B1.72B1.35B849M401M226M
Operating exp.
Research and development
1.72B1.38B912M837M615M493M396M207M136M
Selling and marketing
1.53B1.57B1.13B1.02B826M620M567M368M219M
Total operating expenses
3.84B3.58B2.49B2.30B1.79B1.39B1.22B750M461M
Operating income
-446M-659M340M-293M202M-43M-378M-349M-235M
Other income (expenses), net
-59M289M-91M-416M-333M-1M-855M-186M10M
Income before tax
-505M-370M249M-709M-131M-173M-1.23B-535M-225M
Income tax expense
27M60M283M-128M55M-95M2M4M5M
Net income
-532M-430M-34M-581M-186M-78M-1.23B-539M-230M
Earnings per share
Basic EPS
-2.73-2.23-0.18-3.1-1.03-0.44-6.93-3.21-1.37
Diluted EPS
-2.73-2.2-0.18-3.1-1.03-0.43-6.93-3.21-1.37
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