Spotify Technology (SPOT) Research & Development (2017 - 2026)
Spotify Technology (SPOT) posted Research & Development of $468.43 million for the quarter ended Jun 30, 2026, down 0.3% from $469.76 million a year earlier but up 20.9% from the prior quarter.
Spotify Technology (SPOT) Research & Development (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Spotify Technology was $1.55 billion, down 5.5% year-over-year; for the year ended Dec 31, 2025, it came in at $1.62 billion, up 2.1% from the prior year.
- Annual Research & Development shows a five-year compound annual growth rate of 11.2% (years ended Dec 2020 to Dec 2025).
- In prior years, Spotify Technology's Research & Development was $1.59 billion in the year ended Dec 31, 2024 (-14.4%), $1.86 billion in the year ended Dec 31, 2023 (+31.2%), $1.42 billion in the year ended Dec 31, 2022 (+35.6%) and $1.04 billion in the year ended Dec 31, 2021 (+9.2%).
- Quarterly Research & Development has run from a low of $245.29 million in the quarter ended Sep 30, 2021 to a high of $503.54 million in the quarter ended Dec 31, 2023 over five years.
- On a year-over-year basis, Research & Development has declined in each of the last four quarters, with an average decline of 5.0% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was the quarter ended Mar 31, 2023, with growth of 66.4%; the weakest was the quarter ended Dec 31, 2024, with a decline of 20.2%.
- According to Business Quant data, Research & Development for the three prior quarters was $387.52 million (quarter ended Mar 31, 2026), $337.57 million (quarter ended Dec 31, 2025) and $361.24 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 672.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 468.43 Mn |
| Mar 31, 2026 | 387.52 Mn |
| Dec 31, 2025 | 337.57 Mn |
| Sep 30, 2025 | 361.24 Mn |
| Jun 30, 2025 | 469.76 Mn |
| Mar 31, 2025 | 398.66 Mn |
| Dec 31, 2024 | 401.79 Mn |
| Sep 30, 2024 | 375.59 Mn |
| Jun 30, 2024 | 408.14 Mn |
| Mar 31, 2024 | 422.59 Mn |
| Dec 31, 2023 | 503.54 Mn |
| Sep 30, 2023 | 401.69 Mn |
| Jun 30, 2023 | 493.28 Mn |
| Mar 31, 2023 | 466.90 Mn |
| Dec 31, 2022 | 423.40 Mn |
| Sep 30, 2022 | 389.19 Mn |
| Jun 30, 2022 | 358.53 Mn |
| Mar 31, 2022 | 280.58 Mn |
| Dec 31, 2021 | 289.42 Mn |
| Sep 30, 2021 | 245.29 Mn |
Spotify Technology Research & Development 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=research-and-development&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();