Spotify Technology (SPOT) Operating Expenses (2017 - 2026)

Spotify Technology has reported Operating Expenses for 10 years, with the latest figure at $512.8 million in Q1 2026.

• Quarterly Operating Expenses fell 3.08% year-over-year to $512.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 0.51% YoY) and the FY2025 annual result came in at $3.8 billion, up 6.95% from the prior year.
• Operating Expenses improved to $512.8 million in Q1 2026 per SPOT's latest filing, from $464.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $670.3 million in Q4 2023 and troughed at $427.6 million in Q1 2022.
• A 5-year average of $550.4 million and a median of $541.7 million in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 99.73% in 2022, then jumped 44.33% in 2023.
• Over 5 years, Operating Expenses stood at $590.7 million in 2022, then grew by 13.47% to $670.3 million in 2023, then decreased by 20.61% to $532.2 million in 2024, then decreased by 12.72% to $464.5 million in 2025, then rose by 10.41% to $512.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $512.8 million, $464.5 million, and $491.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.