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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
458.34
+12.55 (2.82%)
At close: Feb 13, 2026, 4:00 PM EST
458.92
+0.58 (0.13%)
After-hours: Feb 13, 2026, 7:59 PM EST

Spotify Technology Operating Metrics

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium Avg. Revenue Per User
5.595.395.445.635.775.615.505.41
Premium Avg. Revenue Per User Growth
-3.09%-3.82%-1.08%3.96%5.43%8.53%8.20%5.32%

Revenue by Segment

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
18.27B17.90B17.53B17.07B16.45B15.81B15.09B14.40B
Premium Growth
11.08%13.23%16.20%18.54%19.61%19.68%16.94%14.45%
Ad-Supported
2.19B2.21B2.24B2.24B2.21B2.16B2.13B2.07B
Ad-Supported Growth
-0.97%2.04%4.91%8.21%10.29%8.28%10.88%10.68%

Users

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Total
751.00M713.00M696.00M678.00M675.00M640.00M626.00M615.00M
Total Growth
11.26%11.41%11.18%10.24%12.13%11.50%13.61%19.42%
Ad-Supported
476.00M446.00M433.00M423.00M425.00M402.00M393.00M388.00M
Ad-Supported Growth
12.00%10.95%10.18%9.02%12.14%11.36%14.58%22.40%
Premium
290.00M281.00M276.00M268.00M263.00M252.00M246.00M239.00M
Premium Growth
10.27%11.51%12.20%12.13%11.44%11.50%11.82%13.81%

Gross Margin by Segment

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
34.80%33.20%33.10%33.50%34.70%33.50%31.40%30.20%
Total
33.10%31.60%31.50%31.60%32.20%31.10%29.20%27.60%
Ad-Supported
19.50%18.40%18.30%15.30%15.10%13.10%13.40%6.40%

Revenue by Geography

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Other Countries
12.74B11.37B10.59B9.85B9.57B9.26B8.89B8.47B
Other Countries Growth
33.06%22.80%19.13%16.29%18.59%19.89%18.88%16.76%
United States
7.70B7.77B7.75B7.61B7.30B7.02B6.72B6.46B
United States Growth
5.44%10.69%15.35%17.72%17.44%16.34%13.21%11.25%
United Kingdom
---1.84B1.76B1.69B1.60B1.53B1.46B1.40B1.36B
United Kingdom Growth
---20.42%20.57%20.29%17.76%14.25%10.51%7.48%6.23%
Luxembourg
15.47M15.47M14.28M13.09M11.90M10.71M10.71M10.71M--
Luxembourg Growth
30.00%44.44%33.33%22.22%11.11%28.57%28.57%28.57%--

Operating Expense Breakdown

Period EndingDec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Sales and Marketing
1.70B1.69B1.67B1.64B1.66B1.70B1.73B1.80B
Sales and Marketing Growth
2.44%-0.77%-3.51%-8.48%-9.20%-7.92%-10.85%-6.96%
Research and Development
1.66B1.76B1.80B1.76B1.77B1.88B1.91B2.00B
Research and Development Growth
-6.26%-6.27%-5.79%-12.09%-13.86%-5.62%-4.97%6.81%
General and Administrative
570.06M585.53M586.72M573.63M572.44M611.72M631.95M675.98M
General and Administrative Growth
-0.42%-4.28%-7.16%-15.14%-17.78%-13.47%-15.04%-10.55%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.