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

Spotify Technology has disclosed Cost of Revenue across 10 years of filings, most recently posting $3.7 billion for Q2 2026.

• In Q2 2026, Cost of Revenue rose 13.69% year-over-year to $3.7 billion; the TTM figure through Jun 2026 stood at $14.2 billion (up 14.93% YoY), while the FY2025 annual figure was $13.6 billion, up 16.3% from the prior year.
• Cost of Revenue came in at $3.7 billion for Q2 2026 at Spotify Technology, up from $3.6 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $3.7 billion in Q2 2026 to a low of $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 gained 20.0% in 2023 and advanced 5.36% in 2025.
• Over 5 years, Cost of Revenue stood at $2.4 billion in 2022, then grew by 20.0% to $2.9 billion in 2023, then climbed by 6.07% to $3.1 billion in 2024, then advanced by 14.92% to $3.5 billion in 2025, then gained by 4.76% to $3.7 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $3.7 billion in Q2 2026, $3.6 billion in Q1 2026, and $3.5 billion in Q4 2025.