Spotify Technology (SPOT) EBT Margin (2017 - 2026)
Spotify Technology (SPOT) posted EBT Margin of 15.07% for the quarter ended Jun 30, 2026, up 13.93 percentage points from 1.14% a year earlier but down 5.60 percentage points from the prior quarter.
Spotify Technology (SPOT) EBT Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at Spotify Technology was 19.35%, up 11.77 percentage points year-over-year; for the year ended Dec 31, 2025, it was 12.94%, up 4.38 percentage points from the prior year.
- Annual EBT Margin shows a five-year change of +21.94 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Spotify Technology's EBT Margin was 8.56% in the year ended Dec 31, 2024 (+12.37 pp), -3.81% in the year ended Dec 31, 2023 (-0.66 pp), -3.16% in the year ended Dec 31, 2022 (-5.73 pp) and 2.58% in the year ended Dec 31, 2021 (+11.57 pp).
- Quarterly EBT Margin has run from a low of -9.19% in the quarter ended Dec 31, 2022 to a high of 22.53% in the quarter ended Dec 31, 2025 over five years.
- On a year-over-year basis, EBT Margin has increased in each of the last four quarters, with an average year-over-year change of +8.39 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBT Margin in the past five years was the quarter ended Dec 31, 2024, with a gain of 15.33 percentage points; the weakest was the quarter ended Mar 31, 2023, with a drop of 12.60 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 20.67% (quarter ended Mar 31, 2026), 22.53% (quarter ended Dec 31, 2025) and 19.36% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 115.82% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 30.85% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 32.39% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 8.29% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 49.54% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 23.09% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 34.82% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 36.60% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 15.07% |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 24.86% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.07% |
| Mar 31, 2026 | 20.67% |
| Dec 31, 2025 | 22.53% |
| Sep 30, 2025 | 19.36% |
| Jun 30, 2025 | 1.14% |
| Mar 31, 2025 | 7.83% |
| Dec 31, 2024 | 11.76% |
| Sep 30, 2024 | 9.98% |
| Jun 30, 2024 | 7.09% |
| Mar 31, 2024 | 4.79% |
| Dec 31, 2023 | -3.57% |
| Sep 30, 2023 | 2.17% |
| Jun 30, 2023 | -7.59% |
| Mar 31, 2023 | -6.77% |
| Dec 31, 2022 | -9.19% |
| Sep 30, 2022 | -4.74% |
| Jun 30, 2022 | -3.14% |
| Mar 31, 2022 | 5.82% |
| Dec 31, 2021 | -0.30% |
| Sep 30, 2021 | 6.48% |
Spotify Technology EBT 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=ebt-margin&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();