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Spotify Technology (SPOT) Cost of Revenue (2017 - 2025)

Historic Cost of Revenue for Spotify Technology (SPOT) over the last 9 years, with Q4 2025 value amounting to $3.5 billion.

  • Spotify Technology's Cost of Revenue rose 1493.12% to $3.5 billion in Q4 2025 from the same period last year, while for Dec 2025 it was $13.2 billion, marking a year-over-year increase of 1146.49%. This contributed to the annual value of $13.2 billion for FY2025, which is 1147.94% up from last year.
  • Latest data reveals that Spotify Technology reported Cost of Revenue of $3.5 billion as of Q4 2025, which was up 1493.12% from $3.4 billion recorded in Q3 2025.
  • In the past 5 years, Spotify Technology's Cost of Revenue registered a high of $3.5 billion during Q4 2025, and its lowest value of $1.9 billion during Q1 2021.
  • For the 5-year period, Spotify Technology's Cost of Revenue averaged around $2.7 billion, with its median value being $2.7 billion (2023).
  • As far as peak fluctuations go, Spotify Technology's Cost of Revenue surged by 2933.99% in 2021, and later surged by 536.12% in 2025.
  • Quarter analysis of 5 years shows Spotify Technology's Cost of Revenue stood at $2.3 billion in 2021, then rose by 6.69% to $2.4 billion in 2022, then increased by 20.0% to $2.9 billion in 2023, then grew by 6.07% to $3.1 billion in 2024, then rose by 14.93% to $3.5 billion in 2025.
  • Its Cost of Revenue was $3.5 billion in Q4 2025, compared to $3.4 billion in Q3 2025 and $3.3 billion in Q2 2025.