Spotify Technology (SPOT) Operating Leases (2018 - 2026)
Spotify Technology's (SPOT) quarterly Operating Leases came in at $469.6 million in Q2 2026, down 8.42% year-over-year from $512.8 million in Q2 2025, and down 3.11% quarter-over-quarter from $484.7 million in Q1 2026.
Analysis
Spotify Technology (SPOT) Operating Leases (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Operating Leases across 9 years of filings, most recently posting $469.6 million for Q2 2026.
- In Q2 2026, Operating Leases fell 8.42% year-over-year to $469.6 million; the TTM figure through Jun 2026 stood at $469.6 million (down 8.42% YoY), while the FY2025 annual figure was $504.0 million, up 2.09% from the prior year.
- Operating Leases came in at $469.6 million for Q2 2026 at Spotify Technology, down from $484.7 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $658.8 million in Q1 2022 to a low of $469.6 million in Q2 2026.
- Average Operating Leases over 5 years is $546.6 million, with a median of $527.3 million recorded in 2024.
- Year-over-year, Operating Leases decreased 17.77% in 2024 and gained 5.97% in 2025.
- Over 5 years, Operating Leases stood at $625.4 million in 2022, then declined by 4.0% to $600.4 million in 2023, then dropped by 17.77% to $493.7 million in 2024, then climbed by 2.09% to $504.0 million in 2025, then fell by 6.83% to $469.6 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $469.6 million in Q2 2026, $484.7 million in Q1 2026, and $504.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 469.59 Mn |
| 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 |