Spotify Technology (SPOT) Gross Profit (2017 - 2026)
Spotify Technology (SPOT) reported Gross Profit of $1.89 billion for Q3 2026, up 19.4% from $1.58 billion a year earlier and up 1.6% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Gross Profit (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Spotify Technology's Gross Profit came in at $7.24 billion, up 22.0% year-over-year; for FY2025, it was $6.4 billion, up 26.7% from FY2024.
- Gross Profit has increased for nine consecutive years, with a five-year compound annual growth rate of 22.7% (FY2020 to FY2025).
- By year, Gross Profit came in at $5.05 billion in FY2024 (+37.4%), $3.67 billion in FY2023 (+19.2%), $3.08 billion in FY2022 (+0.6%) and $3.07 billion in FY2021 (+33.3%).
- The Q3 2026 figure ranks as the highest quarterly Gross Profit in data going back to Q1 2017.
- Year over year, Gross Profit has now increased in each of the last 16 quarters, with growth averaging 24.5% over the last eight quarters.
- The high point for year-over-year Gross Profit in five years was Q2 2024 (growth of 43.6%); the low point was Q2 2022 (a decline of 5.9%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.86 billion (Q2 2026), $1.75 billion (Q1 2026) and $1.74 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.89 Bn |
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 1.75 Bn |
| Dec 31, 2025 | 1.74 Bn |
| Sep 30, 2025 | 1.58 Bn |
| Jun 30, 2025 | 1.49 Bn |
| Mar 31, 2025 | 1.39 Bn |
| Dec 31, 2024 | 1.46 Bn |
| Sep 30, 2024 | 1.36 Bn |
| Jun 30, 2024 | 1.20 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 1.05 Bn |
| Sep 30, 2023 | 963.40 Mn |
| Jun 30, 2023 | 834.12 Mn |
| Mar 31, 2023 | 822.18 Mn |
| Dec 31, 2022 | 817.22 Mn |
| Sep 30, 2022 | 756.21 Mn |
| Jun 30, 2022 | 751.21 Mn |
| Mar 31, 2022 | 753.09 Mn |
| Dec 31, 2021 | 814.51 Mn |
API Access
Spotify Technology Gross Profit 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=gross-profit&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "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=gross-profit&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();