Spotify Technology (SPOT) Operating Leases (2019 - 2026)
Spotify Technology (SPOT) posted Operating Leases of $469.59 million for the quarter ended Jun 30, 2026, down 8.4% from $512.78 million a year earlier and down 3.1% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Operating Leases (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, Spotify Technology's Operating Leases came in at $504.03 million, up 2.1% from the prior year.
- Annual Operating Leases shows a five-year compound annual growth rate of -5.2% (years ended Dec 2020 to Dec 2025).
- In prior years, Spotify Technology's Operating Leases was $493.69 million in the year ended Dec 31, 2024 (-6.9%), $530.44 million in the year ended Dec 31, 2023 (-6.3%), $566.24 million in the year ended Dec 31, 2022 (-14.5%) and $662.36 million in the year ended Dec 31, 2021 (+0.5%).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Operating Leases in data going back to the quarter ended Mar 31, 2019.
- On a year-over-year basis, Operating Leases increased in four of the last eight quarters, with an average decline of 3.6%.
- The strongest year-over-year quarter for Operating Leases in the past five years was the quarter ended Sep 30, 2025, with growth of 6.0%; the weakest was the quarter ended Dec 31, 2022, with a decline of 14.5%.
- According to Business Quant data, Operating Leases for the three prior quarters was $484.69 million (quarter ended Mar 31, 2026), $504.03 million (quarter ended Dec 31, 2025) and $519.06 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn |
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 | 530.44 Mn |
| Sep 30, 2023 | 566.07 Mn |
| Jun 30, 2023 | 568.42 Mn |
| Mar 31, 2023 | 586.04 Mn |
| Dec 31, 2022 | 566.24 Mn |
| Sep 30, 2022 | 613.03 Mn |
| Jun 30, 2022 | 631.70 Mn |
| Mar 31, 2022 | 658.81 Mn |
| Dec 31, 2021 | 662.36 Mn |
| Sep 30, 2021 | 686.35 Mn |
API Access
Spotify Technology Operating Leases 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-leases&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();