Spotify Technology SPOT
NYSE SPOT
$509.77 -19.08 (-3.61%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Spotify Technology's (SPOT) quarterly EBIT Margin came in at 13.71% in Q2 2026, up 403.0% year-over-year from 2.73% in Q2 2025, and down 13.07% quarter-over-quarter from 15.77% in Q1 2026.

Analysis

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

Spotify Technology has disclosed EBIT Margin across 10 years of filings, most recently posting 13.71% for Q2 2026.

  • In Q2 2026, EBIT Margin rose 403.0% year-over-year to 13.71%; the TTM figure through Jun 2026 stood at 14.65% (up 356.0% YoY), while the FY2025 annual figure was 12.79%, up 408.0% from the prior year.
  • EBIT Margin came in at 13.71% for Q2 2026 at Spotify Technology, down from 15.77% in the prior quarter.
  • In the past five years, EBIT Margin ranged from a high of 15.77% in Q1 2026 to a low of 7.77% in Q2 2023.
  • Average EBIT Margin over 5 years is 4.38%, with a median of 5.8% recorded in 2024.
  • Year-over-year, EBIT Margin sank 1051 bps in 2022 and surged 1476 bps in 2024.
  • Over 5 years, EBIT Margin stood at 7.3% in 2022, then surged by 72 bps to 2.04% in 2023, then surged by 650 bps to 11.24% in 2024, then jumped by 38 bps to 15.47% in 2025, then retreated by 11 bps to 13.71% in 2026.
  • Per Business Quant data, the three most recent EBIT Margin figures were 13.71% in Q2 2026, 15.77% in Q1 2026, and 15.47% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Netflix 298.93 Bn 289.80 Bn 6.52 Bn 33.38%
2 Spotify Technology 104.93 Bn 94.01 Bn 1.86 Bn 13.71%
3 Tencent Music Entertainment 12.20 Bn 9.10 Bn 582.00 Mn -
4 FuboTV 1.09 Bn 3.01 Bn 399.10 Mn 8.32%
5 iQIYI 974.56 Mn 490.38 Mn 152.37 Mn -1.67%
6 Huya 920.96 Mn 560.70 Mn 37.58 Mn -0.40%
7 Mega Matrix 211.73 Mn 204.42 Mn 3.03 Mn -294.65%
8 Kaltura 203.35 Mn 172.05 Mn 34.54 Mn -1.65%
9 CuriosityStream 164.31 Mn 115.92 Mn 16.93 Mn 39.49%
10 Cineverse 50.40 Mn 46.08 Mn 10.66 Mn -16.75%
Historic Data

Historic Data

Download Data
DateValue
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%