Spotify Technology SA (SPOT) — Cash Flow Reinvestment Rate

Latest as of March 2026: 0.88x

Spotify Technology SA (SPOT) has a Cash Flow Reinvestment Rate of 0.88x as of March 2026, reinvesting $749.08 Million (capex $5.08 Million plus investments $744.00 Million) from operating cash flow of $849.75 Million. Check cash flow quality index of Spotify Technology SA to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.88x
(Capex + Investments) / Operating CF

Total Reinvested

$749.08 Million
Capex + Investments

Operating Cash Flow

$849.75 Million
USD

Capital Expenditures

$5.08 Million
USD

Spotify Technology SA Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Spotify Technology SA across 10 annual periods. Explore long-term investment intensity of Spotify Technology SA to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Spotify Technology SA (2016–2025)

Year-by-year capital reinvestment analysis for Spotify Technology SA. For live market cap and broader valuation context, see Spotify Technology SA (SPOT) total market value.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.61x $1.79 Billion $2.93 Billion $61.00 Million ▼ -6.7%
2024 0.65x $1.50 Billion $2.30 Billion $17.00 Million ▲ +39.2%
2023 0.47x $319.00 Million $680.00 Million $6.00 Million ▼ -95.2%
2022 9.74x $448.00 Million $46.00 Million $25.00 Million ▲ +1192.6%
2021 0.75x $272.00 Million $361.00 Million $85.00 Million ▼ -56.6%
2020 1.74x $450.00 Million $259.00 Million $78.00 Million ▲ +182.0%
2019 0.62x $353.00 Million $573.00 Million $135.00 Million ▼ -24.8%
2018 0.82x $282.00 Million $344.00 Million $125.00 Million ▼ -69.5%
2017 2.69x $481.00 Million $179.00 Million $46.00 Million ▼ -68.2%
2016 8.46x $854.00 Million $101.00 Million $27.00 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow