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

Spotify Technology (SPOT) has 10 years of Gross Margin data on file, last reported at 32.98% in Q1 2026.

• Quarterly Gross Margin rose 133.0% year-over-year to 32.98% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.32% (up 123.0% YoY) and the FY2025 annual result came in at 31.98%, up 184.0% from the prior year.
• Gross Margin steadied at 32.98% in Q1 2026 per SPOT's latest filing, from 33.08% in the prior quarter.
• The five-year high for Gross Margin was 33.08% in Q4 2025, with the low at 24.11% in Q2 2023.
• Average Gross Margin over 5 years is 28.42%, with a median of 27.61% recorded in 2024.
• Year-over-year, Gross Margin slumped 386 bps in 2022 and soared 555 bps in 2024.
• Spotify Technology's Gross Margin stood at 25.3% in 2022, then grew by 6 bps to 26.7% in 2023, then grew by 21 bps to 32.25% in 2024, then grew by 3 bps to 33.08% in 2025, then fell by 0 bps to 32.98% in 2026.
• Business Quant data shows SPOT's Gross Margin at 32.98% in Q1 2026, 33.08% in Q4 2025, and 31.62% in Q3 2025.