Spotify Technology (SPOT) EBIT Margin (2017 - 2026)

Spotify Technology (SPOT) posted EBIT Margin of 23.32% for Q1 2026, down 3.95% sequentially from 24.28% in Q4 2025, and up 368.0% YoY from 4.98% in Q1 2025.

Spotify Technology (SPOT) EBIT Margin (2017 - 2026) Analysis & Trends

Spotify Technology (SPOT) has 10 years of EBIT Margin data on file, last reported at 23.32% in Q1 2026.

  • Quarterly EBIT Margin rose 368.0% year-over-year to 23.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.04% (up 301.0% YoY) and the FY2025 annual result came in at 12.79%, up 408.0% from the prior year.
  • EBIT Margin retreated to 23.32% in Q1 2026 per SPOT's latest filing, from 24.28% in the prior quarter.
  • The five-year high for EBIT Margin was 24.28% in Q4 2025, with the low at 7.77% in Q2 2023.
  • Average EBIT Margin over 5 years is 9.63%, with a median of 13.53% recorded in 2024.
  • Year-over-year, EBIT Margin plunged 1051 bps in 2022 and soared 2377 bps in 2024.
  • Spotify Technology's EBIT Margin stood at 7.3% in 2022, then jumped by 233 bps to 9.72% in 2023, then soared by 111 bps to 20.51% in 2024, then climbed by 18 bps to 24.28% in 2025, then declined by 4 bps to 23.32% in 2026.
  • Business Quant data shows SPOT's EBIT Margin at 23.32% in Q1 2026, 24.28% in Q4 2025, and 21.79% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Spotify Technology 101.23 Bn 90.99 Bn 1.75 Bn 23.32%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.32%
Dec 31, 2025 24.28%
Sep 30, 2025 21.79%
Jun 30, 2025 18.36%
Mar 31, 2025 19.64%
Dec 31, 2024 20.51%
Sep 30, 2024 19.71%
Jun 30, 2024 16.00%
Mar 31, 2024 13.53%
Dec 31, 2023 9.72%
Sep 30, 2023 11.53%
Jun 30, 2023 -7.77%
Mar 31, 2023 -5.13%
Dec 31, 2022 -7.30%
Sep 30, 2022 -7.51%
Jun 30, 2022 -6.77%
Mar 31, 2022 -0.23%
Dec 31, 2021 -0.26%
Sep 30, 2021 3.00%
Jun 30, 2021 0.51%