Spotify Technology (SPOT) EBIT Margin (2017 - 2026)
Spotify Technology (SPOT) reported EBIT Margin of 13.71% for the quarter ended Jun 30, 2026, up 4.03 percentage points from 9.68% a year earlier but down 2.06 percentage points from the prior quarter.
Spotify Technology (SPOT) EBIT Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Spotify Technology's EBIT Margin came in at 14.65%, up 3.56 percentage points year-over-year; for the year ended Dec 31, 2025, it was 12.79%, up 4.08 percentage points from the prior year.
- EBIT Margin has increased for three consecutive years, with a five-year change of +16.51 percentage points (years ended Dec 2020 to Dec 2025).
- By year, EBIT Margin came in at 8.71% in the year ended Dec 31, 2024 (+12.08 pp), -3.37% in the year ended Dec 31, 2023 (+2.25 pp), -5.62% in the year ended Dec 31, 2022 (-6.59 pp) and 0.97% in the year ended Dec 31, 2021 (+4.69 pp).
- Five-year quarterly EBIT Margin spans a low of -7.77% in the quarter ended Jun 30, 2023 and a high of 15.77% in the quarter ended Mar 31, 2026.
- Year over year, EBIT Margin has now increased in each of the last 12 quarters, with an average year-over-year change of +6.01 percentage points over the last eight quarters.
- The high point for year-over-year EBIT Margin in five years was the quarter ended Jun 30, 2024 (a gain of 14.76 percentage points); the low point was the quarter ended Sep 30, 2022 (a drop of 10.51 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 15.77% (quarter ended Mar 31, 2026), 15.47% (quarter ended Dec 31, 2025) and 13.62% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 5.62% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 34.00% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 24.62% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 13.71% |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 21.01% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.71% |
| Mar 31, 2026 | 15.77% |
| Dec 31, 2025 | 15.47% |
| Sep 30, 2025 | 13.62% |
| Jun 30, 2025 | 9.68% |
| Mar 31, 2025 | 12.15% |
| Dec 31, 2024 | 11.24% |
| Sep 30, 2024 | 11.38% |
| Jun 30, 2024 | 6.99% |
| Mar 31, 2024 | 4.62% |
| Dec 31, 2023 | -2.04% |
| Sep 30, 2023 | 0.95% |
| 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% |
Spotify Technology EBIT Margin 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=ebit-margin&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();