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

Spotify Technology has disclosed Net Margin across 10 years of filings, most recently posting 15.91% for Q1 2026.

• Net Margin for Q1 2026 came in at 15.91%, up 1054.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.32% (up 912.0% YoY), and the FY2025 annual result was 12.87%, up 561.0% from the prior year.
• Net Margin came in at 15.91% for Q1 2026 at Spotify Technology, down from 25.91% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 25.91% in Q4 2025 to a low of 9.51% in Q2 2023.
• The 5-year median for Net Margin is 4.92% (2022), against an average of 4.06%.
• Across the five-year window, Net Margin sank 1232 bps in 2023 and soared 1726 bps in 2025, its largest moves.
• Spotify Technology's Net Margin stood at 8.53% in 2022, then soared by 78 bps to 1.91% in 2023, then surged by 554 bps to 8.65% in 2024, then soared by 199 bps to 25.91% in 2025, then slumped by 39 bps to 15.91% in 2026.
• The last three Net Margin figures came in at 15.91% (Q1 2026), 25.91% (Q4 2025), and 21.04% (Q3 2025), per Business Quant data.