Spotify Technology (SPOT) Accumulated Expenses (2017 - 2026)
Spotify Technology's Accumulated Expenses came in at $2.32 million for the quarter ended Jun 30, 2026, down 48.7% from $4.53 million a year earlier and down 0.7% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Accumulated Expenses (2017 - 2026) Analysis & Trends
As of Dec 31, 2025, Spotify Technology's Accumulated Expenses was $2.33 million, down 56.4% from the prior year.
- Accumulated Expenses has declined in each of the last five years, with a five-year compound annual growth rate of -45.4% (years ended Dec 2020 to Dec 2025).
- Going back by year, Accumulated Expenses was $5.34 million in the year ended Dec 31, 2024 (-80.9%), $27.97 million in the year ended Dec 31, 2023 (-2.1%), $28.57 million in the year ended Dec 31, 2022 (-32.5%) and $42.33 million in the year ended Dec 31, 2021 (-11.7%).
- The five-year range for quarterly Accumulated Expenses is $1.17 million (the quarter ended Sep 30, 2025) to $43.63 million (the quarter ended Sep 30, 2021).
- Year-over-year, Accumulated Expenses has declined for nine consecutive quarters, with an average decline of 64.0% over the last eight quarters.
- The fastest year-over-year change in Accumulated Expenses over five years came in the quarter ended Mar 31, 2024 (growth of 1.2%), and the weakest in the quarter ended Dec 31, 2024 (a decline of 80.9%).
- Business Quant data shows SPOT's Accumulated Expenses at $2.34 million (quarter ended Mar 31, 2026), $2.33 million (quarter ended Dec 31, 2025) and $1.17 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.32 Mn |
| Mar 31, 2026 | 2.34 Mn |
| Dec 31, 2025 | 2.33 Mn |
| Sep 30, 2025 | 1.17 Mn |
| Jun 30, 2025 | 4.53 Mn |
| Mar 31, 2025 | 4.21 Mn |
| Dec 31, 2024 | 5.34 Mn |
| Sep 30, 2024 | 5.49 Mn |
| Jun 30, 2024 | 11.85 Mn |
| Mar 31, 2024 | 18.47 Mn |
| Dec 31, 2023 | 27.97 Mn |
| Sep 30, 2023 | 15.24 Mn |
| Jun 30, 2023 | 15.24 Mn |
| Mar 31, 2023 | 18.25 Mn |
| Dec 31, 2022 | 28.57 Mn |
| Sep 30, 2022 | 31.26 Mn |
| Jun 30, 2022 | 30.94 Mn |
| Mar 31, 2022 | 33.67 Mn |
| Dec 31, 2021 | 42.33 Mn |
| Sep 30, 2021 | 43.63 Mn |
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();