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Spotify Technology SA total debt 2015–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Spotify Technology SA's total debt was 513.40M EUR on 30 September 2026, down 77.1% on a year before. At the end of fiscal year 2025 it was 1.96B EUR.
Last updated 10 Nov 2026 · Next report 9 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 513.40M | -77.14% | 11.23B | 10.72B | 0.05 |
| FY2025 | 31 Dec 2025 | 1.96B | -5.78% | 9.47B | 7.51B | 0.23 |
| FY2024 | 31 Dec 2024 | 2.08B | +22.41% | 7.45B | 5.37B | 0.38 |
| FY2023 | 31 Dec 2023 | 1.70B | +0.77% | 4.21B | 2.52B | 0.67 |
| FY2022 | 31 Dec 2022 | 1.68B | -5.50% | 3.35B | 1.67B | 0.70 |
| FY2021 | 31 Dec 2021 | 1.78B | +208.67% | 3.50B | 1.72B | 0.84 |
| FY2020 | 31 Dec 2020 | 577.00M | -7.23% | 1.75B | 1.17B | 0.21 |
| FY2019 | 31 Dec 2019 | 622.00M | — | 1.76B | 1.14B | 0.31 |
| FY2018 | 31 Dec 2018 | 0.00 | -100.00% | 1.81B | 1.81B | 0.00 |
| FY2017 | 31 Dec 2017 | 945.00M | -15.02% | 1.51B | 564.00M | 3.97 |
| FY2016 | 31 Dec 2016 | 1.11B | — | 1.59B | 473.00M | — |
| FY2015 | 31 Dec 2015 | 0.00 | — | 597.00M | 597.00M | 0.00 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 513.40M | -77.14% | 11.23B | 10.72B | 0.05 |
| Q2 FY2026 | 30 Jun 2026 | 466.00M | -80.44% | 9.39B | 8.92B | 0.06 |
| Q1 FY2026 | 31 Mar 2026 | 476.00M | -77.35% | 8.75B | 8.27B | 0.06 |
| Q4 FY2025 | 31 Dec 2025 | 1.96B | -5.78% | 9.47B | 7.51B | 0.23 |
| Q3 FY2025 | 30 Sept 2025 | 2.25B | +25.76% | 9.06B | 6.82B | 0.29 |
| Q2 FY2025 | 30 Jun 2025 | 2.38B | +32.70% | 8.34B | 5.96B | 0.36 |
| Q1 FY2025 | 30 Mar 2025 | 2.10B | +19.23% | 7.91B | 5.81B | 0.34 |
| Q4 FY2024 | 31 Dec 2024 | 2.08B | +22.41% | 7.45B | 5.37B | 0.38 |
| Q3 FY2024 | 30 Sept 2024 | 1.79B | +3.30% | 6.08B | 4.29B | 0.39 |
| Q2 FY2024 | 30 Jun 2024 | 1.80B | +6.28% | 5.40B | 3.60B | 0.42 |
| Q1 FY2024 | 31 Mar 2024 | 1.76B | +3.58% | 4.67B | 2.91B | 0.53 |
| Q4 FY2023 | 31 Dec 2023 | 1.70B | +0.77% | 4.21B | 2.52B | 0.67 |
| Q3 FY2023 | 30 Sept 2023 | 1.73B | -4.21% | 3.72B | 1.99B | 0.81 |
| Q2 FY2023 | 30 Jun 2023 | 1.69B | -1.75% | 3.42B | 1.73B | 0.82 |
| Q1 FY2023 | 31 Mar 2023 | 1.70B | -1.79% | 3.44B | 1.74B | 0.73 |
| Q4 FY2022 | 31 Dec 2022 | 1.68B | -5.50% | 3.35B | 1.67B | 0.70 |
| Q3 FY2022 | 30 Sept 2022 | 1.81B | +2.73% | 3.67B | 1.86B | 0.81 |
| Q2 FY2022 | 30 Jun 2022 | 1.72B | -3.15% | 3.57B | 1.85B | 0.75 |
| Q1 FY2022 | 31 Mar 2022 | 1.73B | -4.57% | 3.54B | 1.80B | 0.81 |
| Q4 FY2021 | 31 Dec 2021 | 1.78B | +208.67% | 3.50B | 1.72B | 0.84 |
| Q3 FY2021 | 30 Sept 2021 | 1.76B | +196.79% | 3.24B | 1.48B | 0.83 |
| Q2 FY2021 | 30 Jun 2021 | 1.78B | +190.03% | 3.05B | 1.28B | 0.66 |
| Q1 FY2021 | 31 Mar 2021 | 1.82B | +191.03% | 3.09B | 1.27B | 0.56 |
| Q4 FY2020 | 31 Dec 2020 | 577.00M | -7.23% | 1.75B | 1.17B | 0.21 |
| Q3 FY2020 | 30 Sept 2020 | 592.00M | -4.21% | 1.90B | 1.31B | 0.24 |
| Q2 FY2020 | 30 Jun 2020 | 612.00M | +11.88% | 1.78B | 1.17B | 0.29 |
| Q1 FY2020 | 31 Mar 2020 | 624.00M | +6.48% | 1.68B | 1.06B | 0.31 |
| Q4 FY2019 | 31 Dec 2019 | 622.00M | — | 1.76B | 1.14B | 0.31 |
| Q3 FY2019 | 30 Sept 2019 | 618.00M | — | 1.52B | 899.00M | 0.32 |
| Q2 FY2019 | 30 Jun 2019 | 547.00M | — | 1.50B | 948.00M | 0.28 |
| Q1 FY2019 | 31 Mar 2019 | 586.00M | -42.66% | 1.63B | 1.04B | 0.24 |
| Q4 FY2018 | 31 Dec 2018 | 0.00 | -100.00% | 1.81B | 1.81B | 0.00 |
| Q3 FY2018 | 30 Sept 2018 | 0.00 | — | 1.76B | 1.76B | 0.00 |
| Q2 FY2018 | 30 Jun 2018 | 0.00 | — | 1.70B | 1.70B | 0.00 |
| Q1 FY2018 | 31 Mar 2018 | 1.02B | — | 1.58B | 554.00M | 6.35 |
| Q4 FY2017 | 31 Dec 2017 | 945.00M | — | 1.51B | 564.00M | 3.97 |
Figures in EUR at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Spotify Technology SA's debt
Source: Financial Modeling PrepVerified against SEC filings