Spotify Technology (SPOT) Operating Leases (2019 - 2026)
Spotify Technology (SPOT) posted Operating Leases of $443.43 million for Q3 2026, down 14.9% from $520.88 million a year earlier and down 3.9% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Spotify Technology's Operating Leases came in at $508.66 million, up 5.8% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of -6.4% (FY2020 to FY2025).
- In prior years, Spotify Technology's Operating Leases was $480.76 million in FY2024 (-11.9%), $545.66 million in FY2023 (-7.8%), $591.67 million in FY2022 (-9.8%) and $655.72 million in FY2021 (-7.6%).
- The Q3 2026 figure stands as the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined in each of the last three quarters, with an average decline of 4.4% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q4 2025, with growth of 5.8%; the weakest was Q3 2026, with a decline of 14.9%.
- According to Business Quant data, Operating Leases for the three prior quarters was $461.45 million (Q2 2026), $474.44 million (Q1 2026) and $508.66 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 443.43 Mn |
| Jun 30, 2026 | 461.45 Mn |
| Mar 31, 2026 | 474.44 Mn |
| Dec 31, 2025 | 508.66 Mn |
| Sep 30, 2025 | 520.88 Mn |
| Jun 30, 2025 | 531.25 Mn |
| Mar 31, 2025 | 484.91 Mn |
| Dec 31, 2024 | 480.76 Mn |
| Sep 30, 2024 | 498.17 Mn |
| Jun 30, 2024 | 505.44 Mn |
| Mar 31, 2024 | 532.17 Mn |
| Dec 31, 2023 | 545.66 Mn |
| Sep 30, 2023 | 549.25 Mn |
| Jun 30, 2023 | 567.31 Mn |
| Mar 31, 2023 | 595.39 Mn |
| Dec 31, 2022 | 591.67 Mn |
| Sep 30, 2022 | 597.64 Mn |
| Jun 30, 2022 | 618.44 Mn |
| Mar 31, 2022 | 655.20 Mn |
| Dec 31, 2021 | 655.72 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();