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

Spotify Technology has reported Research & Development for 10 years, with the latest figure at $387.5 million in Q1 2026.

• Quarterly Research & Development fell 2.8% year-over-year to $387.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (down 1.77% YoY) and the FY2025 annual result came in at $1.6 billion, up 2.11% from the prior year.
• Research & Development advanced to $387.5 million in Q1 2026 per SPOT's latest filing, from $337.6 million in the prior quarter.
• Over five years, Research & Development peaked at $503.5 million in Q4 2023 and troughed at $280.6 million in Q1 2022.
• A 5-year average of $404.7 million and a median of $401.7 million in 2023 frame the typical range for Research & Development.
• The sharpest annual moves came in 2023 and 2024: Research & Development soared 66.4% in 2023, then fell 20.21% in 2024.
• Over 5 years, Research & Development stood at $423.4 million in 2022, then gained by 18.93% to $503.5 million in 2023, then dropped by 20.21% to $401.8 million in 2024, then retreated by 15.98% to $337.6 million in 2025, then gained by 14.8% to $387.5 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $387.5 million, $337.6 million, and $361.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.