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

Spotify Technology has disclosed Research & Development across 10 years of filings, most recently posting $387.5 million for Q1 2026.

• Research & Development for Q1 2026 came in at $387.5 million, down 2.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 billion (down 1.77% YoY), and the FY2025 annual result was $1.6 billion, up 2.11% from the prior year.
• Research & Development came in at $387.5 million for Q1 2026 at Spotify Technology, up from $337.6 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.
• The 5-year median for Research & Development is $401.7 million (2023), against an average of $404.7 million.
• Across the five-year window, Research & Development jumped 66.4% in 2023 and dropped 20.21% in 2024, its largest moves.
• Spotify Technology's 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 increased by 14.8% to $387.5 million in 2026.
• The last three Research & Development figures came in at $387.5 million (Q1 2026), $337.6 million (Q4 2025), and $361.2 million (Q3 2025), per Business Quant data.