KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Spotify Technology's Gross Margin history spans 10 years, with the latest figure at 32.98% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 133.0% to 32.98% in Q1 2026 year-over-year; TTM through Mar 2026 was 32.32%, a 123.0% increase, with the full-year FY2025 number at 31.98%, up 184.0% from a year prior.
  • Gross Margin hit 32.98% in Q1 2026 for Spotify Technology, roughly flat from 33.08% in the prior quarter.
  • Over the last five years, Gross Margin for SPOT hit a ceiling of 33.08% in Q4 2025 and a floor of 24.11% in Q2 2023.
  • Historically, Gross Margin has averaged 28.42% across 5 years, with a median of 27.61% in 2024.
  • Biggest five-year swings in Gross Margin: plummeted -386bps in 2022 and later skyrocketed 555bps in 2024.
  • Tracing SPOT's Gross Margin over 5 years: stood at 25.3% in 2022, then increased by 6bps to 26.7% in 2023, then increased by 21bps to 32.25% in 2024, then increased by 3bps to 33.08% in 2025, then dropped by 0bps to 32.98% in 2026.
  • Business Quant data shows Gross Margin for SPOT at 32.98% in Q1 2026, 33.08% in Q4 2025, and 31.62% in Q3 2025.