Spotify Technology (SPOT) Operating Income (2017 - 2026)
Spotify Technology (SPOT) posted Operating Income of $1.2 billion for Q1 2026, down 3.36% sequentially from $1.3 billion in Q4 2025, and up 42.95% YoY from $865.7 million in Q1 2025.
Spotify Technology (SPOT) Operating Income (2017 - 2026) Analysis & Trends
Spotify Technology has reported Operating Income for 10 years, with the latest figure at $1.2 billion in Q1 2026.
- Quarterly Operating Income rose 42.95% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.5 billion (up 35.1% YoY) and the FY2025 annual result came in at $2.6 billion, up 75.41% from the prior year.
- Operating Income eased to $1.2 billion in Q1 2026 per SPOT's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Operating Income peaked at $1.3 billion in Q4 2025 and troughed at -$269.0 million in Q2 2023.
- A 5-year average of $471.6 million and a median of $534.5 million in 2024 frame the typical range for Operating Income.
- The sharpest annual moves came in 2022 and 2024: Operating Income sank 2843.1% in 2022, then soared 419.21% in 2024.
- Over 5 years, Operating Income stood at -$235.7 million in 2022, then jumped by 262.98% to $384.1 million in 2023, then jumped by 142.03% to $929.7 million in 2024, then surged by 37.73% to $1.3 billion in 2025, then fell by 3.36% to $1.2 billion in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $1.2 billion, $1.3 billion, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.57 Bn | 3,810.53 Bn | 73.85 Bn | 40.77 Bn |
| 2 | Meta Platforms | 1,536.44 Bn | 1,446.18 Bn | 49.47 Bn | 18.78 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 7.26 Mn |
| 4 | Baidu | 289.05 Bn | 284.56 Bn | 1.88 Mn | 495.00 Mn |
| 5 | Spotify Technology | 102.91 Bn | 92.67 Bn | 1.75 Bn | 1.24 Bn |
| 6 | Joyy | 77.90 Bn | 77.01 Bn | 205.64 Mn | 18.27 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 102,075.00 |
| 8 | Nebius | 49.17 Bn | 39.54 Bn | 295.20 Mn | -128.00 Mn |
| 9 | 30.51 Bn | 27.73 Bn | 734.60 Mn | 231.72 Mn | |
| 10 | Tencent Music Entertainment | 27.05 Bn | 24.35 Bn | 514.00 Mn | 384.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.24 Bn |
| Dec 31, 2025 | 1.28 Bn |
| Sep 30, 2025 | 1.09 Bn |
| Jun 30, 2025 | 871.61 Mn |
| Mar 31, 2025 | 865.70 Mn |
| Dec 31, 2024 | 929.68 Mn |
| Sep 30, 2024 | 863.20 Mn |
| Jun 30, 2024 | 655.82 Mn |
| Mar 31, 2024 | 534.49 Mn |
| Dec 31, 2023 | 384.11 Mn |
| Sep 30, 2023 | 421.28 Mn |
| Jun 30, 2023 | -268.96 Mn |
| Mar 31, 2023 | -167.44 Mn |
| Dec 31, 2022 | -235.68 Mn |
| Sep 30, 2022 | -229.89 Mn |
| Jun 30, 2022 | -207.01 Mn |
| Mar 31, 2022 | -6.73 Mn |
| Dec 31, 2021 | -8.01 Mn |
| Sep 30, 2021 | 88.45 Mn |
| Jun 30, 2021 | 14.45 Mn |