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

Spotify Technology has disclosed Net Margin across 10 years of filings, most recently posting 11.41% for Q2 2026.

• In Q2 2026, Net Margin rose 1346.0% year-over-year to 11.41%; the TTM figure through Jun 2026 stood at 18.44% (up 1367.0% YoY), while the FY2025 annual figure was 12.87%, up 561.0% from the prior year.
• Net Margin came in at 11.41% for Q2 2026 at Spotify Technology, down from 15.91% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 27.08% in Q4 2023 to a low of 9.51% in Q2 2023.
• Average Net Margin over 5 years is 7.35%, with a median of 6.31% recorded in 2024.
• Year-over-year, Net Margin surged 2009 bps in 2022 and slumped 1843 bps in 2024.
• Over 5 years, Net Margin stood at 18.64% in 2022, then soared by 45 bps to 27.08% in 2023, then sank by 68 bps to 8.65% in 2024, then soared by 199 bps to 25.91% in 2025, then sank by 56 bps to 11.41% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 11.41% in Q2 2026, 15.91% in Q1 2026, and 25.91% in Q4 2025.