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| Date | Value |
|---|---|
| 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% |