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

Spotify Technology has disclosed Operating Expenses across 10 years of filings, most recently posting $512.8 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $512.8 million, down 3.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 0.51% YoY), and the FY2025 annual result was $3.8 billion, up 6.95% from the prior year.
• Operating Expenses came in at $512.8 million for Q1 2026 at Spotify Technology, up from $464.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $670.3 million in Q4 2023 to a low of $427.6 million in Q1 2022.
• The 5-year median for Operating Expenses is $541.7 million (2024), against an average of $550.4 million.
• Across the five-year window, Operating Expenses soared 49.14% in 2022 and decreased 20.61% in 2024, its largest moves.
• Spotify Technology's Operating Expenses stood at $590.7 million in 2022, then advanced by 13.47% to $670.3 million in 2023, then fell by 20.61% to $532.2 million in 2024, then fell by 12.72% to $464.5 million in 2025, then grew by 10.41% to $512.8 million in 2026.
• The last three Operating Expenses figures came in at $512.8 million (Q1 2026), $464.5 million (Q4 2025), and $491.0 million (Q3 2025), per Business Quant data.