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

Spotify Technology has disclosed EBT Margin across 10 years of filings, most recently posting 20.67% for Q1 2026.

• EBT Margin for Q1 2026 came in at 20.67%, up 1284.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.27% (up 705.0% YoY), and the FY2025 annual result was 12.94%, up 438.0% from the prior year.
• EBT Margin came in at 20.67% for Q1 2026 at Spotify Technology, down from 22.53% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 22.53% in Q4 2025 to a low of 9.19% in Q4 2022.
• The 5-year median for EBT Margin is 4.79% (2024), against an average of 4.6%.
• Across the five-year window, EBT Margin plunged 1260 bps in 2023 and soared 1533 bps in 2024, its largest moves.
• Spotify Technology's EBT Margin stood at 9.19% in 2022, then soared by 61 bps to 3.57% in 2023, then soared by 430 bps to 11.76% in 2024, then surged by 92 bps to 22.53% in 2025, then retreated by 8 bps to 20.67% in 2026.
• The last three EBT Margin figures came in at 20.67% (Q1 2026), 22.53% (Q4 2025), and 19.36% (Q3 2025), per Business Quant data.