Spotify Technology (Spotify Technology) Accounts Payable & Accrued Expense : $3,576 Mil (As of Mar. 2024)

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What is Spotify Technology Accounts Payable & Accrued Expense?

Spotify Technology's quarterly accounts payable & accrued expense increased from Sep. 2023 ($3,247 Mil) to Dec. 2023 ($3,713 Mil) but then declined from Dec. 2023 ($3,713 Mil) to Mar. 2024 ($3,576 Mil).

Spotify Technology's annual accounts payable & accrued expense increased from Dec. 2021 ($2,968 Mil) to Dec. 2022 ($3,110 Mil) and increased from Dec. 2022 ($3,110 Mil) to Dec. 2023 ($3,713 Mil).

Spotify Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Spotify Technology's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Spotify Technology Accounts Payable & Accrued Expense Chart

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,191.11

2,885.65

2,968.36

3,110.17

3,713.20

Spotify Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															3,072.81	3,185.27	3,246.53	3,713.20	3,576.09

Spotify Technology Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Spotify Technology (Spotify Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.