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. Explore SPOT capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.

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. Also explore Spotify Technology SA (SPOT) total assets for the complete picture of this company's asset base.

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 market capitalisation.

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