Spotify Technology (SPOT) Operating Income (2017 - 2026)
Spotify Technology's Operating Income was $773.09 million in Q3 2026, up 13.6% from $680.39 million a year earlier and up 1.5% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Operating Income (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Spotify Technology's Operating Income was $3.19 billion through Sep 30, 2026, up 45.9% year-over-year; for FY2025, it was $2.56 billion, up 75.4% from FY2024.
- In earlier years, Operating Income was $1.46 billion in FY2024, -$482.45 million in FY2023, -$694.56 million in FY2022 and $111.24 million in FY2021.
- Quarterly Operating Income has moved between -$268.96 million (Q2 2023) and $837.08 million (Q1 2026) over five years.
- Compared with a year earlier, Operating Income has increased for seven straight quarters, with growth averaging 69.4% over the last seven quarters.
- Per Business Quant data, SPOT's Operating Income in the three quarters before Q3 2026 was $761.35 million (Q2 2026), $837.08 million (Q1 2026) and $815.99 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | 40.58 Bn |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | 12.99 Bn |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 4.46 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 2.23 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 488.00 Mn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 1.89 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 773.09 Mn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 2.50 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 4.09 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 758.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 773.09 Mn |
| Jun 30, 2026 | 761.35 Mn |
| 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 |
API Access
Spotify Technology Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();