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

Spotify Technology has disclosed Gross Margin across 10 years of filings, most recently posting 33.41% for Q2 2026.

• In Q2 2026, Gross Margin rose 193.0% year-over-year to 33.41%; the TTM figure through Jun 2026 stood at 32.8% (up 118.0% YoY), while the FY2025 annual figure was 31.98%, up 184.0% from the prior year.
• Gross Margin came in at 33.41% for Q2 2026 at Spotify Technology, up from 32.98% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 33.41% in Q2 2026 to a low of 24.11% in Q2 2023.
• Average Gross Margin over 5 years is 28.7%, with a median of 28.41% recorded in 2024.
• Year-over-year, Gross Margin tumbled 386 bps in 2022 and soared 555 bps in 2024.
• Over 5 years, Gross Margin stood at 25.3% in 2022, then gained by 6 bps to 26.7% in 2023, then gained by 21 bps to 32.25% in 2024, then gained by 3 bps to 33.08% in 2025, then increased by 1 bps to 33.41% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 33.41% in Q2 2026, 32.98% in Q1 2026, and 33.08% in Q4 2025.