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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
430.90
-1.85 (-0.43%)
At close: May 13, 2026, 4:00 PM EDT
431.80
+0.90 (0.21%)
After-hours: May 13, 2026, 7:56 PM EDT

Spotify Technology Operating Metrics

Period EndingMar 31, 2026Dec 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
4.764.704.534.574.734.854.714.62
Premium Avg. Revenue Per User Growth
0.63%-3.09%-3.82%-1.08%3.96%5.43%8.53%8.20%

Revenue by Segment

Period EndingMar 31, 2026Dec 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
15.76B15.39B15.08B14.76B14.36B13.82B13.28B12.68B
Premium Growth
9.76%11.38%13.49%16.40%18.64%19.61%19.68%16.94%
Ad-Supported
1.77B1.80B1.82B1.86B1.87B1.85B1.82B1.79B
Ad-Supported Growth
-5.29%-3.18%0.17%3.51%7.52%10.29%8.28%10.88%

Users

Period EndingMar 31, 2026Dec 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
2.92B2.84B2.76B2.69B2.62B2.56B2.48B2.42B
Total Growth
11.53%11.03%11.24%11.25%11.83%14.01%16.63%20.19%
Ad-Supported
1.84B1.78B1.73B1.68B1.64B1.61B1.56B1.52B
Ad-Supported Growth
11.87%10.57%10.56%10.65%11.69%14.86%18.69%23.86%
Premium
1.14B1.12B1.09B1.06B1.03B1.00B973.00M947.00M
Premium Growth
10.79%11.50%11.82%11.83%11.73%12.11%13.01%14.10%

Gross Margin by Segment

Period EndingMar 31, 2026Dec 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
34.8034.8033.2033.1033.5034.7033.5031.40
Total
33.0033.1031.6031.5031.6032.2031.1029.20
Ad-Supported
13.0020.0017.6017.3014.0015.1013.1013.40

Revenue by Geography

Period EndingMar 31, 2026Dec 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
11.50B10.70B9.56B8.90B8.28B8.04B7.78B7.47B
Other Countries Growth
38.93%33.06%22.80%19.13%16.29%18.59%19.89%18.88%
United States
6.41B6.47B6.53B6.52B6.39B6.14B5.90B5.65B
United States Growth
0.31%5.44%10.69%15.35%17.72%17.44%16.34%13.21%
Luxembourg
13.00M13.00M13.00M12.00M11.00M10.00M9.00M9.00M
Luxembourg Growth
18.18%30.00%44.44%33.33%22.22%11.11%28.57%28.57%
United Kingdom
-398.00M804.00M1.19B1.55B1.48B1.42B1.35B
United Kingdom Growth
--73.16%-43.26%-11.66%20.42%20.57%20.29%17.76%

Operating Expense Breakdown

Period EndingMar 31, 2026Dec 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
1.45B1.43B1.42B1.40B1.38B1.39B1.43B1.45B
Sales and Marketing Growth
5.21%2.44%-0.77%-3.51%-8.48%-9.20%-7.92%-10.85%
Research and Development
1.35B1.39B1.48B1.51B1.48B1.49B1.58B1.61B
Research and Development Growth
-8.88%-6.26%-6.27%-5.79%-12.09%-13.86%-5.62%-4.97%
General and Administrative
462.00M479.00M492.00M493.00M482.00M481.00M514.00M531.00M
General and Administrative Growth
-4.15%-0.42%-4.28%-7.16%-15.14%-17.78%-13.47%-15.04%
Source: Business metrics provided by TipRanks and sourced from official company press releases and documents.