Spotify Technology (SPOT) Operating Income (2017 - 2026)
Spotify Technology's (SPOT) quarterly Operating Income came in at $837.1 million in Q1 2026, up 56.34% year-on-year from $535.4 million in Q1 2025, and up 2.58% quarter-over-quarter from $816.0 million in Q4 2025.
Spotify Technology (SPOT) Operating Income (2017 - 2026) Analysis & Trends
Spotify Technology has disclosed Operating Income across 10 years of filings, most recently posting $837.1 million for Q1 2026.
- Operating Income for Q1 2026 came in at $837.1 million, up 56.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.8 billion (up 52.61% YoY), and the FY2025 annual result was $2.6 billion, up 75.41% from the prior year.
- Operating Income came in at $837.1 million for Q1 2026 at Spotify Technology, up from $816.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $837.1 million in Q1 2026 to a low of -$269.0 million in Q2 2023.
- The 5-year median for Operating Income is $182.5 million (2024), against an average of $214.4 million.
- Across the five-year window, Operating Income sank 2843.1% in 2022 and jumped 1331.3% in 2024, its largest moves.
- Spotify Technology's Operating Income stood at -$235.7 million in 2022, then surged by 65.76% to -$80.7 million in 2023, then jumped by 731.66% to $509.7 million in 2024, then surged by 60.09% to $816.0 million in 2025, then grew by 2.58% to $837.1 million in 2026.
- The last three Operating Income figures came in at $837.1 million (Q1 2026), $816.0 million (Q4 2025), and $680.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | -128.00 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 39.70 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 22.87 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 837.08 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 182.91 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | -80.29 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 90.41 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | -74.45 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 36.00 Mn |
| 10 | Match | 8.04 Bn | 7.01 Bn | 653.28 Mn | 236.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 837.08 Mn |
| Dec 31, 2025 | 815.99 Mn |
| Sep 30, 2025 | 680.39 Mn |
| Jun 30, 2025 | 459.58 Mn |
| Mar 31, 2025 | 535.41 Mn |
| Dec 31, 2024 | 509.72 Mn |
| Sep 30, 2024 | 498.59 Mn |
| Jun 30, 2024 | 286.45 Mn |
| Mar 31, 2024 | 182.51 Mn |
| Dec 31, 2023 | -80.70 Mn |
| Sep 30, 2023 | 34.83 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 |