Spotify Technology (SPOT) Operating Leases (2018 - 2026)
Spotify Technology (SPOT) posted Operating Leases of $484.7 million for Q1 2026, down 3.84% sequentially from $504.0 million in Q4 2025, and up 2.85% YoY from $471.2 million in Q1 2025.
Spotify Technology (SPOT) Operating Leases (2018 - 2026) Analysis & Trends
Spotify Technology has reported Operating Leases for 9 years, with the latest figure at $484.7 million in Q1 2026.
- Quarterly Operating Leases rose 2.85% year-over-year to $484.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $484.7 million (up 2.85% YoY) and the FY2025 annual result came in at $504.0 million, up 2.09% from the prior year.
- Operating Leases fell to $484.7 million in Q1 2026 per SPOT's latest filing, from $504.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $658.8 million in Q1 2022 and troughed at $471.2 million in Q1 2025.
- A 5-year average of $551.1 million and a median of $535.6 million in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2024 and 2025: Operating Leases slipped 17.77% in 2024, then advanced 5.97% in 2025.
- Over 5 years, Operating Leases stood at $625.4 million in 2022, then retreated by 4.0% to $600.4 million in 2023, then fell by 17.77% to $493.7 million in 2024, then increased by 2.09% to $504.0 million in 2025, then retreated by 3.84% to $484.7 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $484.7 million, $504.0 million, and $519.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,255.28 Bn | 3,826.24 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,552.50 Bn | 1,462.24 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,147.41 Bn | 1,147.28 Bn | 139.48 Mn |
| 4 | Baidu | 288.87 Bn | 284.38 Bn | 1.88 Mn |
| 5 | Spotify Technology | 104.29 Bn | 94.05 Bn | 1.75 Bn |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 49.09 Bn | 39.47 Bn | 295.20 Mn |
| 9 | 30.80 Bn | 28.01 Bn | 734.60 Mn | |
| 10 | Tencent Music Entertainment | 27.36 Bn | 24.66 Bn | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 484.69 Mn |
| Dec 31, 2025 | 504.03 Mn |
| Sep 30, 2025 | 519.06 Mn |
| Jun 30, 2025 | 512.78 Mn |
| Mar 31, 2025 | 471.24 Mn |
| Dec 31, 2024 | 493.69 Mn |
| Sep 30, 2024 | 489.81 Mn |
| Jun 30, 2024 | 508.29 Mn |
| Mar 31, 2024 | 535.58 Mn |
| Dec 31, 2023 | 600.37 Mn |
| Sep 30, 2023 | 566.07 Mn |
| Jun 30, 2023 | 568.42 Mn |
| Mar 31, 2023 | 586.04 Mn |
| Dec 31, 2022 | 625.41 Mn |
| Sep 30, 2022 | 613.03 Mn |
| Jun 30, 2022 | 631.70 Mn |
| Mar 31, 2022 | 658.81 Mn |
| Dec 31, 2021 | 712.69 Mn |
| Sep 30, 2021 | 686.35 Mn |
| Jun 30, 2021 | 693.66 Mn |