Spotify Technology (SPOT) Research & Development (2017 - 2026)

Spotify Technology has disclosed Research & Development across 10 years of filings, most recently posting $468.4 million for Q2 2026.

• In Q2 2026, Research & Development changed 0.28% year-over-year to $468.4 million; the TTM figure through Jun 2026 stood at $1.6 billion (down 5.53% YoY), while the FY2025 annual figure was $1.6 billion, up 2.11% from the prior year.
• Research & Development came in at $468.4 million for Q2 2026 at Spotify Technology, up from $387.5 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $503.5 million in Q4 2023 to a low of $280.6 million in Q1 2022.
• Average Research & Development over 5 years is $408.2 million, with a median of $401.7 million recorded in 2023.
• Year-over-year, Research & Development surged 66.4% in 2023 and declined 20.21% in 2024.
• Over 5 years, Research & Development stood at $423.4 million in 2022, then increased by 18.93% to $503.5 million in 2023, then decreased by 20.21% to $401.8 million in 2024, then declined by 15.98% to $337.6 million in 2025, then jumped by 38.76% to $468.4 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $468.4 million in Q2 2026, $387.5 million in Q1 2026, and $337.6 million in Q4 2025.