Spotify Technology SA (SPOT) — Free Cash Flow Generation Index
Spotify Technology SA (SPOT) has a Free Cash Flow Generation Index of 0.99x as of March 2026. Free cash flow of $844.67 Million represents 1% of operating cash flow ($849.75 Million). Read how much debt does Spotify Technology SA carry for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Spotify Technology SA Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for Spotify Technology SA across 10 annual periods. Explore Spotify Technology SA capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Spotify Technology SA (2016–2025)
Year-by-year Free Cash Flow Generation Index for Spotify Technology SA. For the full company profile including market capitalisation, see SPOT stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $2.87 Billion | $2.93 Billion | $61.00 Million | ▼ -1.4% |
| 2024 | 0.99x | $2.28 Billion | $2.30 Billion | $17.00 Million | ▲ +0.1% |
| 2023 | 0.99x | $674.00 Million | $680.00 Million | $6.00 Million | ▲ +117.1% |
| 2022 | 0.46x | $21.00 Million | $46.00 Million | $25.00 Million | ▼ -40.3% |
| 2021 | 0.76x | $276.00 Million | $361.00 Million | $85.00 Million | ▲ +9.4% |
| 2020 | 0.70x | $181.00 Million | $259.00 Million | $78.00 Million | ▼ -8.6% |
| 2019 | 0.76x | $438.00 Million | $573.00 Million | $135.00 Million | ▲ +20.1% |
| 2018 | 0.64x | $219.00 Million | $344.00 Million | $125.00 Million | ▼ -14.3% |
| 2017 | 0.74x | $133.00 Million | $179.00 Million | $46.00 Million | ▲ +1.4% |
| 2016 | 0.73x | $74.00 Million | $101.00 Million | $27.00 Million | — |