Spotify Technology (SPOT) Cost of Revenue (2017 - 2026)

Spotify Technology (SPOT) has 10 years of Cost of Revenue data on file, last reported at $3.6 billion in Q1 2026.

• Quarterly Cost of Revenue rose 18.06% year-over-year to $3.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.8 billion (up 14.57% YoY) and the FY2025 annual result came in at $13.6 billion, up 16.3% from the prior year.
• Cost of Revenue improved to $3.6 billion in Q1 2026 per SPOT's latest filing, from $3.5 billion in the prior quarter.
• The five-year high for Cost of Revenue was $3.6 billion in Q1 2026, with the low at $2.2 billion in Q1 2022.
• Average Cost of Revenue over 5 years is $2.9 billion, with a median of $2.9 billion recorded in 2023.
• Year-over-year, Cost of Revenue grew 20.0% in 2023 and increased 5.36% in 2025.
• Spotify Technology's Cost of Revenue stood at $2.4 billion in 2022, then gained by 20.0% to $2.9 billion in 2023, then rose by 6.07% to $3.1 billion in 2024, then increased by 14.92% to $3.5 billion in 2025, then climbed by 0.77% to $3.6 billion in 2026.
• Business Quant data shows SPOT's Cost of Revenue at $3.6 billion in Q1 2026, $3.5 billion in Q4 2025, and $3.4 billion in Q3 2025.