SPOT

SPOT

Spotify Technology S.A.

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Spotify Technology S.A. (SPOT) Financial Statements

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Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	€17.60B	€17.19B ↑9.7%	€15.67B ↑18.3%	€13.25B ↑13.0%	€11.73B ↑21.3%	€9.67B
Cost of Revenue	€11.92B	€11.69B ↑6.8%	€10.95B ↑11.2%	€9.85B ↑11.9%	€8.80B ↑24.4%	€7.08B
Gross Profit	€5.68B	€5.50B ↑16.3%	€4.72B ↑39.1%	€3.40B ↑16.1%	€2.93B ↑12.9%	€2.59B
R&D Expenses	€1.35B	€1.39B ↓6.3%	€1.49B ↓13.9%	€1.73B ↑24.4%	€1.39B ↑52.1%	€912.00M
SG&A Expenses	€1.92B	€1.91B ↑1.7%	€1.87B ↓11.6%	€2.12B ↓3.6%	€2.20B ↑38.7%	€1.58B
Operating Income	€2.42B	€2.20B ↑61.0%	€1.36B ↑406.1%	-€446.00M ↑32.3%	-€659.00M ↓801.1%	€94.00M
Interest Expense	€31.13M	€31.00M ↓13.9%	€36.00M ↓5.3%	€38.00M ↓7.3%	€41.00M ↑2.5%	€40.00M
Income Tax	€128.55M	€12.00M ↓94.1%	€203.00M ↑651.9%	€27.00M ↓55.0%	€60.00M ↓78.8%	€283.00M
Net Income	€2.72B	€2.21B ↑94.4%	€1.14B ↑313.9%	-€532.00M ↓23.7%	-€430.00M	-€34.00M
EBITDA	€2.75B	€2.36B ↑57.3%	€1.50B ↑584.8%	-€309.00M ↓95.6%	-€158.00M ↓138.0%	€416.00M
EPS	10.75	10.51 ↑91.1%	5.50 ↑301.5%	-2.73 ↑6.8%	-2.93 ↓184.5%	-1.03
Shares Out (Diluted)	840.99M	210.51M ↑1.7%	206.99M ↑6.3%	194.73M ↓0.6%	195.85M ↑1.0%	193.94M

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Revenue	€17.60B	€4.61B ↑10.0%	€4.53B ↑6.8%	€4.27B ↑7.1%	€4.19B ↑10.1%	€4.19B ↑15.2%	€4.24B ↑15.6%	€3.99B ↑18.8%	€3.81B ↑19.8%	€3.64B ↑19.5%	€3.67B ↑16.0%	€3.36B ↑10.6%	€3.18B ↑10.9%	€3.04B ↑14.3%	€3.17B ↑17.7%	€3.04B ↑21.4%	€2.86B ↑22.9%	€2.66B ↑23.9%	€2.69B	€2.50B	€2.33B	€2.15B
Cost of Revenue	€11.92B	€3.09B ↑8.0%	€3.03B ↑5.5%	€2.92B ↑6.3%	€2.87B ↑6.6%	€2.86B ↑8.8%	€2.87B ↑6.8%	€2.75B ↑11.2%	€2.69B ↑11.8%	€2.63B ↑15.6%	€2.69B ↑13.8%	€2.47B ↑8.1%	€2.41B ↑11.6%	€2.28B ↑14.4%	€2.37B ↑19.6%	€2.29B ↑24.7%	€2.16B ↑29.5%	€1.99B ↑24.5%	€1.98B	€1.83B	€1.67B	€1.60B
Gross Profit	€5.68B	€1.51B ↑14.2%	€1.50B ↑9.6%	€1.35B ↑9.0%	€1.32B ↑18.7%	€1.33B ↑32.1%	€1.37B ↑39.6%	€1.24B ↑40.1%	€1.11B ↑45.2%	€1.00B ↑31.1%	€980.00M ↑22.3%	€885.00M ↑18.0%	€766.00M ↑8.8%	€766.00M ↑14.2%	€801.00M ↑12.5%	€750.00M ↑12.3%	€704.00M ↑6.2%	€671.00M ↑22.4%	€712.00M	€668.00M	€663.00M	€548.00M
R&D Expenses	€1.35B	€331.36M ↓12.6%	€290.00M ↓22.9%	€309.00M ↓9.6%	€415.00M ↑9.5%	€379.00M ↓2.6%	€376.00M ↓19.7%	€342.00M ↓7.3%	€379.00M ↓16.3%	€389.00M ↓10.6%	€468.00M ↑12.8%	€369.00M ↓4.4%	€453.00M ↑34.8%	€435.00M ↑74.0%	€415.00M ↑64.0%	€386.00M ↑85.6%	€336.00M ↑31.8%	€250.00M ↑27.6%	€253.00M	€208.00M	€255.00M	€196.00M
SG&A Expenses	€1.92B	€449.00M ↑2.5%	€508.00M ↓1.4%	€460.00M ↑3.6%	€499.00M ↑6.9%	€438.00M ↓2.0%	€515.00M ↓12.3%	€444.00M ↓8.3%	€467.00M ↓16.6%	€447.00M ↓8.2%	€587.00M ↓4.9%	€484.00M ↓18.2%	€560.00M ↓0.4%	€487.00M ↑14.1%	€617.00M ↑32.4%	€592.00M ↑53.8%	€562.00M ↑41.9%	€427.00M ↑26.3%	€466.00M	€385.00M	€396.00M	€338.00M
Operating Income	€2.42B	€726.76M ↑42.8%	€701.00M ↑47.0%	€582.00M ↑28.2%	€406.00M ↑52.6%	€509.00M ↑203.0%	€477.00M ↑736.0%	€454.00M	€266.00M ↑207.7%	€168.00M ↑207.7%	-€75.00M ↑67.5%	€32.00M ↑114.0%	-€247.00M ↓27.3%	-€156.00M	-€231.00M	-€228.00M ↓404.0%	-€194.00M	-€6.00M ↓142.9%	-€7.00M	€75.00M	€12.00M	€14.00M
Interest Expense	€31.13M	€8.13M ↑1.6%	€7.00M ↓22.2%	€8.00M ↓11.1%	€8.00M ↓11.1%	€8.00M ↓11.1%	€9.00M -	€9.00M -	€9.00M ↓10.0%	€9.00M ↓34.8%	€9.00M ↓66.7%	€9.00M ↓18.2%	€10.00M -	€13.81M ↑38.1%	€27.00M ↑28.6%	€11.00M ↑10.0%	€10.00M -	€10.00M ↓68.5%	€21.00M	€10.00M	€10.00M	€31.73M
Income Tax	€128.55M	€219.55M ↑113.2%	-€153.00M ↓215.9%	-€72.00M ↓173.5%	€134.00M	€103.00M ↑547.8%	€132.00M ↑316.4%	€98.00M	-€4.00M ↓106.6%	-€23.00M ↓221.1%	-€61.00M ↓190.5%	€8.00M ↓63.6%	€61.00M ↑74.3%	€19.00M ↓20.8%	-€21.00M ↓167.7%	€22.00M ↓86.3%	€35.00M ↑25.0%	€24.00M ↓62.5%	€31.00M	€160.00M	€28.00M	€64.00M
Net Income	€2.72B	€732.86M ↑225.7%	€1.17B ↑219.9%	€899.00M ↑199.7%	-€86.00M ↓131.4%	€225.00M ↑14.2%	€367.00M ↑624.3%	€300.00M ↑361.5%	€274.00M ↑190.7%	€197.00M ↑187.6%	-€70.00M ↑74.1%	€65.00M ↑139.2%	-€302.00M ↓141.6%	-€225.00M ↓271.8%	-€270.00M ↓592.3%	-€166.00M	-€125.00M ↓525.0%	€131.00M ↑469.6%	-€39.00M	€2.00M	-€20.00M	€23.00M
EBITDA	€2.75B	€753.19M ↑107.5%	€1.05B ↑95.7%	€859.00M ↑96.6%	€82.00M ↓73.5%	€363.00M ↑69.6%	€538.00M ↑798.7%	€437.00M ↑270.3%	€309.00M ↑265.2%	€214.00M ↑240.8%	-€77.00M ↑64.0%	€118.00M ↑232.6%	-€187.00M ↓367.5%	-€152.00M ↓175.2%	-€214.00M ↓565.2%	-€89.00M ↓143.4%	-€40.00M ↓181.6%	€202.00M ↑59.1%	€46.00M	€205.00M	€49.00M	€127.00M
EPS	10.75	3.50 ↑227.1%	4.39 ↑149.4%	3.28 ↑126.2%	-0.42 ↓131.6%	1.07 ↑10.3%	1.76 ↑633.3%	1.45 ↑367.7%	1.33 ↑193.7%	0.97 ↑190.7%	-0.33 ↑75.0%	0.31 ↑130.7%	-1.42 ↓75.3%	-1.07 ↓663.2%	-1.32 ↓594.7%	-1.01 ↓188.6%	-0.81 ↓406.3%	0.19 ↑190.5%	-0.19	-0.35	-0.16	-0.21
Shares Out (Diluted)	840.99M	209.28M ↓0.5%	212.49M ↑1.7%	213.79M ↑3.1%	205.43M ↓0.3%	210.24M ↑3.2%	209.01M ↑6.6%	207.40M ↑4.7%	206.12M ↑6.0%	203.77M ↑5.3%	196.04M ↑1.4%	198.01M ↑1.0%	194.42M ↓0.7%	193.56M ↓1.8%	193.29M ↑0.6%	195.99M ↑0.7%	195.86M ↑0.9%	197.08M ↑2.7%	192.14M	194.55M	194.08M	191.82M

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Cash & Equiv.	€5.26B	€5.26B ↑9.9%	€4.78B ↑52.9%	€3.13B ↑26.9%	€2.46B ↓10.5%	€2.75B
Accounts Receivable	€777.81M	€917.61M ↑14.8%	€798.99M ↓9.3%	€881.33M ↑27.9%	€689.28M ↑9.8%	€627.86M
Inventory	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00
Current Assets	€9.67B	€10.49B ↑25.2%	€8.38B ↑58.7%	€5.28B ↑22.3%	€4.32B ↓1.6%	€4.38B
Goodwill & Intangibles	€1.14B	€1.12B ↓10.0%	€1.25B ↑1.9%	€1.23B ↓4.6%	€1.28B ↑30.3%	€985.91M
Total Assets	€13.14B	€15.01B ↑25.0%	€12.00B ↑43.3%	€8.38B ↑10.6%	€7.57B ↑5.3%	€7.19B
Accounts Payable	€821.86M	€1.19B ↑27.9%	€932.98M ↑40.4%	€664.51M ↑14.0%	€583.16M ↑8.9%	€535.58M
Short-term Debt	€62.06M	€1.46B	€0.00	€0.00	€0.00	€0.00
Current Liabilities	€4.69B	€6.08B ↑36.7%	€4.45B ↑8.4%	€4.11B ↑17.7%	€3.49B ↑7.8%	€3.24B
Long-term Debt	€0.00	€432.82M ↓71.9%	€1.54B ↑27.4%	€1.21B ↑7.9%	€1.12B ↓7.2%	€1.21B
Total Debt	€476.50M	€2.32B ↑16.1%	€2.00B ↑17.5%	€1.70B ↑2.0%	€1.67B ↓6.6%	€1.79B
Total Liabilities	€5.12B	€6.68B ↑3.1%	€6.48B ↑10.9%	€5.85B ↑12.6%	€5.19B ↑2.5%	€5.07B
Retained Earnings	-€124.13M	-€831.65M ↑72.7%	-€3.04B ↑27.5%	-€4.20B ↓16.1%	-€3.62B ↓12.0%	-€3.23B
Total Equity	€8.02B	€8.33B ↑50.7%	€5.52B ↑118.2%	€2.53B ↑6.4%	€2.38B ↑12.0%	€2.13B

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Cash & Equiv.	€5.26B	€5.26B ↑5.0%	€5.26B ↑9.9%	€5.47B ↑16.9%	€5.17B ↑27.7%	€5.01B ↑44.4%	€4.78B ↑52.9%	€4.68B ↑78.2%	€4.05B ↑58.7%	€3.47B ↑42.1%	€3.13B ↑26.9%	€2.63B ↓8.1%	€2.55B ↓8.4%	€2.44B ↓10.8%	€2.46B ↓10.5%	€2.86B ↑14.1%	€2.78B ↑14.1%	€2.73B ↑12.1%	€2.75B	€2.51B	€2.44B	€2.44B
Accounts Receivable	€777.81M	€777.81M ↓2.0%	€917.61M ↑14.8%	€854.73M ↑10.0%	€820.64M ↑4.3%	€793.39M ↓1.1%	€798.99M ↓9.3%	€777.35M ↑2.5%	€786.94M ↑22.9%	€801.94M ↑43.3%	€881.33M ↑27.9%	€758.06M ↑16.3%	€640.21M ↑3.8%	€559.47M ↓0.8%	€689.28M ↑9.8%	€651.98M ↑1.7%	€616.49M ↑9.8%	€563.82M ↑26.8%	€627.86M	€640.82M	€561.69M	€444.50M
Inventory	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00
Current Assets	€9.67B	€9.67B ↑9.4%	€10.49B ↑25.2%	€10.09B ↑44.2%	€9.32B ↑47.1%	€8.84B ↑55.8%	€8.38B ↑58.7%	€7.00B ↑48.4%	€6.34B ↑46.3%	€5.67B ↑32.2%	€5.28B ↑22.3%	€4.71B ↑0.9%	€4.33B ↓4.2%	€4.29B ↓2.3%	€4.32B ↓1.6%	€4.67B ↑16.0%	€4.52B ↑20.5%	€4.39B ↑18.2%	€4.38B	€4.03B	€3.75B	€3.71B
Goodwill & Intangibles	€1.14B	€1.14B ↓4.6%	€1.12B ↓10.0%	€1.11B ↓5.9%	€1.11B ↓9.7%	€1.20B ↓3.6%	€1.25B ↑1.9%	€1.19B ↓7.7%	€1.23B ↓1.6%	€1.24B ↓2.2%	€1.23B ↓4.6%	€1.28B ↓9.5%	€1.25B ↑1.4%	€1.27B ↑16.1%	€1.28B ↑30.3%	€1.42B ↑48.0%	€1.24B ↑30.7%	€1.09B ↑19.8%	€985.91M	€958.23M	€945.48M	€911.97M
Total Assets	€13.14B	€13.14B ↑3.8%	€15.01B ↑25.0%	€14.74B ↑39.8%	€13.49B ↑33.2%	€12.66B ↑38.8%	€12.00B ↑43.3%	€10.54B ↑38.3%	€10.13B ↑38.5%	€9.12B ↑21.2%	€8.38B ↑10.6%	€7.62B ↓0.4%	€7.31B ↓0.9%	€7.52B ↑6.3%	€7.57B ↑5.3%	€7.66B ↑9.7%	€7.38B ↓1.3%	€7.07B ↓11.9%	€7.19B	€6.98B	€7.48B	€8.03B
Accounts Payable	€821.86M	€821.86M ↑18.8%	€1.19B ↑27.9%	€802.00M ↑8.8%	€804.60M ↑7.4%	€691.60M ↓3.7%	€932.98M ↑40.4%	€737.38M ↑12.1%	€748.99M ↑20.2%	€718.53M ↑21.5%	€664.51M ↑14.0%	€657.66M ↓5.7%	€623.20M ↑7.9%	€591.44M ↑31.1%	€583.16M ↑8.9%	€697.12M ↑32.3%	€577.52M ↑19.1%	€451.26M ↑2.7%	€535.58M	€527.03M	€484.73M	€439.50M
Short-term Debt	€62.06M	€62.06M ↓96.2%	€1.46B	€1.74B	€1.93B	€1.65B	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00
Current Liabilities	€4.69B	€4.69B ↓21.2%	€6.08B ↑36.7%	€6.26B ↑52.6%	€6.32B ↑56.0%	€5.95B ↑49.4%	€4.45B ↑8.4%	€4.10B ↑10.4%	€4.05B ↑14.3%	€3.99B ↑15.3%	€4.11B ↑17.7%	€3.72B ↑4.1%	€3.55B ↑6.5%	€3.46B ↑10.1%	€3.49B ↑7.8%	€3.57B ↑16.3%	€3.33B ↑12.3%	€3.14B ↑7.0%	€3.24B	€3.07B	€2.97B	€2.93B
Long-term Debt	€0.00	€0.00	€432.82M ↓71.9%	€0.00 ↓100.0%	€0.00 ↓100.0%	€0.00 ↓100.0%	€1.54B ↑27.4%	€1.34B ↑10.3%	€1.32B ↑13.2%	€1.28B ↑10.5%	€1.21B ↑7.9%	€1.21B ↑1.1%	€1.17B ↑3.7%	€1.15B ↑0.3%	€1.12B ↓7.2%	€1.20B ↑2.4%	€1.13B ↓6.0%	€1.15B ↓6.2%	€1.21B	€1.17B	€1.20B	€1.23B
Total Debt	€476.50M	€476.50M ↓77.3%	€2.32B ↑16.1%	€2.25B ↑26.3%	€2.39B ↑33.1%	€2.10B ↑18.4%	€2.00B ↑17.5%	€1.78B ↑2.8%	€1.79B ↑6.1%	€1.77B ↑4.2%	€1.70B ↑2.0%	€1.74B ↓4.1%	€1.69B ↓1.6%	€1.70B ↓2.4%	€1.67B ↓6.6%	€1.81B ↑3.2%	€1.72B ↓3.2%	€1.74B ↓4.0%	€1.79B	€1.75B	€1.77B	€1.81B
Total Liabilities	€5.12B	€5.12B ↓20.3%	€6.68B ↑3.1%	€6.93B ↑17.2%	€6.85B ↑16.5%	€6.43B ↑10.9%	€6.48B ↑10.9%	€5.92B ↑8.0%	€5.88B ↑11.8%	€5.79B ↑11.8%	€5.85B ↑12.6%	€5.48B ↑1.1%	€5.26B ↑3.5%	€5.18B ↑5.4%	€5.19B ↑2.5%	€5.42B ↑11.4%	€5.08B ↑6.3%	€4.92B ↑2.7%	€5.07B	€4.86B	€4.78B	€4.79B
Retained Earnings	-€124.13M	-€124.13M ↑95.6%	-€831.65M ↑72.7%	-€2.01B ↑41.0%	-€2.91B ↑21.5%	-€2.81B ↑29.7%	-€3.04B ↑27.5%	-€3.41B ↑17.5%	-€3.71B ↑11.3%	-€4.00B ↓3.4%	-€4.20B ↓16.1%	-€4.13B ↓21.8%	-€4.18B ↓30.1%	-€3.87B ↓24.7%	-€3.62B ↓12.0%	-€3.39B ↓3.4%	-€3.21B ↑2.2%	-€3.10B ↑4.9%	-€3.23B	-€3.28B	-€3.29B	-€3.26B
Total Equity	€8.02B	€8.02B ↑28.6%	€8.33B ↑50.7%	€7.80B ↑68.6%	€6.64B ↑56.1%	€6.23B ↑87.5%	€5.52B ↑118.2%	€4.63B ↑115.5%	€4.25B ↑107.0%	€3.33B ↑42.1%	€2.53B ↑6.4%	€2.15B ↓4.1%	€2.05B ↓10.6%	€2.34B ↑8.4%	€2.38B ↑12.0%	€2.24B ↑6.0%	€2.30B ↓14.8%	€2.16B ↓33.4%	€2.13B	€2.11B	€2.70B	€3.24B

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Income	€2.72B	€2.21B ↑94.4%	€1.14B ↑313.9%	-€532.00M ↓23.7%	-€430.00M	-€34.00M
D&A	€101.43M	€102.00M ↓15.7%	€121.00M ↓23.4%	€158.00M ↓7.6%	€171.00M ↑34.6%	€127.00M
Stock-Based Comp	€205.00M	€247.00M ↓7.5%	€267.00M ↓16.8%	€321.00M ↓15.7%	€381.00M ↑70.9%	€223.00M
Working Capital Δ	€356.48M	€248.00M ↓34.0%	€376.00M ↓19.0%	€464.00M ↑142.9%	€191.00M ↑630.6%	-€36.00M
Operating Cash Flow	€3.24B	€2.93B ↑27.5%	€2.30B ↑238.4%	€680.00M	€46.00M ↓87.3%	€361.00M
Capital Expenditure	-€60.08M	-€61.00M ↓258.8%	-€17.00M ↓183.3%	-€6.00M ↑76.0%	-€25.00M ↑70.6%	-€85.00M
Free Cash Flow	€3.18B	€2.87B ↑25.7%	€2.28B ↑238.9%	€674.00M	€21.00M ↓92.4%	€276.00M
Dividends Paid	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00
Share Buybacks	-€692.03M	-€439.00M ↓225.2%	-€135.00M ↓98.5%	-€68.00M	-€2.00M ↑98.6%	-€143.00M

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net Income	€2.72B	€732.86M ↑225.7%	€1.17B ↑219.9%	€899.00M ↑199.7%	-€86.00M ↓131.4%	€225.00M ↑14.2%	€367.00M ↑624.3%	€300.00M ↑361.5%	€274.00M ↑190.7%	€197.00M ↑187.6%	-€70.00M ↑74.1%	€65.00M ↑139.2%	-€302.00M ↓141.6%	-€225.00M ↓271.8%	-€270.00M ↓592.3%	-€166.00M	-€125.00M ↓525.0%	€131.00M ↑469.6%	-€39.00M	€2.00M	-€20.00M	€23.00M
D&A	€101.43M	€26.43M ↓2.1%	€25.00M ↓16.7%	€24.00M ↓20.0%	€26.00M ↓13.3%	€27.00M ↓12.9%	€30.00M ↓11.8%	€30.00M ↓16.7%	€30.00M ↓31.8%	€31.00M ↓29.5%	€34.00M ↓32.0%	€36.00M ↓18.2%	€44.00M ↑10.0%	€44.00M ↑18.9%	€50.00M ↑51.5%	€44.00M ↑33.3%	€40.00M ↑29.0%	€37.00M ↑23.3%	€33.00M	€33.00M	€31.00M	€30.00M
Stock-Based Comp	€205.00M	€0.00 ↓100.0%	€57.00M ↑5.6%	€75.00M ↑19.0%	€73.00M ↓9.9%	€42.00M ↓39.1%	€54.00M ↑58.8%	€63.00M ↓25.9%	€81.00M ↓16.5%	€69.00M ↓34.3%	€34.00M ↓66.0%	€85.00M ↓21.3%	€97.00M ↓7.6%	€105.00M ↑54.4%	€100.00M ↑100.0%	€108.00M ↑89.5%	€105.00M ↑54.4%	€68.00M ↑41.7%	€50.00M	€57.00M	€68.00M	€48.00M
Working Capital Δ	€356.48M	€29.48M ↑137.3%	€24.00M ↓90.5%	€101.00M ↓12.2%	€202.00M ↑117.2%	-€79.00M ↑6.0%	€252.00M ↓28.6%	€115.00M ↑144.7%	€93.00M	-€84.00M ↓223.5%	€353.00M	€47.00M ↓60.5%	-€4.00M ↓104.3%	€68.00M ↑265.9%	€19.00M ↓64.8%	€119.00M ↑557.7%	€94.00M ↑295.8%	-€41.00M ↓156.3%	€54.00M	-€26.00M	-€48.00M	-€16.00M
Operating Cash Flow	€3.24B	€849.75M ↑57.7%	€856.00M ↓3.1%	€829.00M ↑15.9%	€709.00M ↑44.1%	€539.00M ↑155.5%	€883.00M ↑122.4%	€715.00M ↑238.9%	€492.00M	€211.00M ↑257.6%	€397.00M ↑667.1%	€211.00M ↑427.5%	€13.00M ↓66.7%	€59.00M ↑59.5%	-€70.00M ↓158.8%	€40.00M ↓67.5%	€39.00M ↓27.8%	€37.00M ↓43.1%	€119.00M	€123.00M	€54.00M	€65.00M
Capital Expenditure	-€60.08M	-€5.08M ↑15.3%	-€22.00M ↓266.7%	-€23.00M ↓475.0%	-€10.00M ↓400.0%	-€6.00M ↓20.0%	-€6.00M ↓500.0%	-€4.00M ↓300.0%	-€2.00M -	-€5.00M ↓150.0%	-€1.00M ↑80.0%	-€1.00M ↑80.0%	-€2.00M ↑60.0%	-€2.00M ↑80.0%	-€5.00M ↑68.8%	-€5.00M ↑80.0%	-€5.00M ↑75.0%	-€10.00M ↑58.3%	-€16.00M	-€25.00M	-€20.00M	-€24.00M
Free Cash Flow	€3.18B	€844.67M ↑58.5%	€834.00M ↓4.9%	€806.00M ↑13.4%	€699.00M ↑42.7%	€533.00M ↑158.7%	€877.00M ↑121.5%	€711.00M ↑238.6%	€490.00M	€206.00M ↑261.4%	€396.00M ↑628.0%	€210.00M ↑500.0%	€11.00M ↓67.6%	€57.00M ↑111.1%	-€75.00M ↓172.8%	€35.00M ↓64.3%	€34.00M -	€27.00M ↓34.1%	€103.00M	€98.00M	€34.00M	€41.00M
Dividends Paid	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00	€0.00
Share Buybacks	-€692.03M	-€311.03M	-€381.00M ↓786.0%	€0.00 ↑100.0%	€0.00 ↑100.0%	€0.00 ↑100.0%	-€43.00M ↓126.3%	-€35.00M ↓75.0%	-€32.00M ↓100.0%	-€25.00M ↓92.3%	-€19.00M ↓111.1%	-€20.00M ↓100.0%	-€16.00M ↓60.0%	-€13.00M -	-€9.00M ↑88.6%	-€10.00M ↑72.2%	-€10.00M ↑16.7%	-€13.00M ↑18.8%	-€79.00M	-€36.00M	-€12.00M	-€16.00M