Spotify Technology (SPOT) Accumulated Expenses (2017 - 2026)
Spotify Technology's Accumulated Expenses came in at $2.27 million for Q3 2026, up 93.3% from $1.17 million a year earlier but down 0.7% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Accumulated Expenses (2017 - 2026) Analysis & Trends
At the end of FY2025, Spotify Technology's Accumulated Expenses was $3.04 billion, up 24.5% from FY2024.
- Accumulated Expenses carries a five-year compound annual growth rate of 7.2% (FY2020 to FY2025).
- Going back by year, Accumulated Expenses was $2.44 billion in FY2024 (-9.6%), $2.7 billion in FY2023 (+21.0%), $2.23 billion in FY2022 (+7.0%) and $2.08 billion in FY2021 (-3.0%).
- The five-year range for quarterly Accumulated Expenses is $1.17 million (Q3 2025) to $3.04 billion (Q4 2025).
- Year-over-year, Accumulated Expenses increased in two of the last eight quarters, with an average decline of 25.7%.
- The fastest year-over-year change in Accumulated Expenses over five years came in Q3 2026 (growth of 93.3%), and the weakest in Q3 2025 (a decline of 79.0%).
- Business Quant data shows SPOT's Accumulated Expenses at $2.28 million (Q2 2026), $2.29 million (Q1 2026) and $3.04 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.27 Mn |
| Jun 30, 2026 | 2.28 Mn |
| Mar 31, 2026 | 2.29 Mn |
| Dec 31, 2025 | 3.04 Bn |
| Sep 30, 2025 | 1.17 Mn |
| Jun 30, 2025 | 4.69 Mn |
| Mar 31, 2025 | 4.33 Mn |
| Dec 31, 2024 | 2.44 Bn |
| Sep 30, 2024 | 5.58 Mn |
| Jun 30, 2024 | 11.78 Mn |
| Mar 31, 2024 | 18.35 Mn |
| Dec 31, 2023 | 2.70 Bn |
| Sep 30, 2023 | 14.79 Mn |
| Jun 30, 2023 | 15.22 Mn |
| Mar 31, 2023 | 18.54 Mn |
| Dec 31, 2022 | 2.23 Bn |
| Sep 30, 2022 | 30.47 Mn |
| Jun 30, 2022 | 30.30 Mn |
| Mar 31, 2022 | 33.49 Mn |
| Dec 31, 2021 | 2.08 Bn |
API Access
Spotify Technology Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();