Spotify Technology (SPOT) Revenue (2017 - 2026)
Spotify Technology (SPOT) posted Revenue of $5.72 billion for Q3 2026, up 14.5% from $4.99 billion a year earlier and up 3.0% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Revenue (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Revenue at Spotify Technology was $21.85 billion, up 17.0% year-over-year; for FY2025, it was $20.01 billion, up 19.4% from FY2024.
- Annual Revenue has increased for nine consecutive years, with a five-year compound annual growth rate of 17.3% (FY2020 to FY2025).
- In prior years, Spotify Technology's Revenue was $16.75 billion in FY2024 (+16.9%), $14.33 billion in FY2023 (+15.9%), $12.36 billion in FY2022 (+8.0%) and $11.44 billion in FY2021 (+27.2%).
- The Q3 2026 figure stands as the highest quarterly Revenue in data going back to Q1 2017.
- On a year-over-year basis, Revenue has increased in each of the last 35 quarters, with growth averaging 15.5% over the last eight quarters.
- Across the past five years, year-over-year growth in Revenue ran from 3.8% in Q3 2022 to 22.3% in Q4 2023.
- According to Business Quant data, Revenue for the three prior quarters was $5.55 billion (Q2 2026), $5.31 billion (Q1 2026) and $5.27 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | 127.58 Bn |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | 64.60 Bn |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 12.87 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 39.64 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 3.58 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 14.19 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 5.72 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 7.35 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 16.56 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 3.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.72 Bn |
| Jun 30, 2026 | 5.55 Bn |
| Mar 31, 2026 | 5.31 Bn |
| Dec 31, 2025 | 5.27 Bn |
| Sep 30, 2025 | 4.99 Bn |
| Jun 30, 2025 | 4.75 Bn |
| Mar 31, 2025 | 4.41 Bn |
| Dec 31, 2024 | 4.53 Bn |
| Sep 30, 2024 | 4.38 Bn |
| Jun 30, 2024 | 4.10 Bn |
| Mar 31, 2024 | 3.95 Bn |
| Dec 31, 2023 | 3.95 Bn |
| Sep 30, 2023 | 3.65 Bn |
| Jun 30, 2023 | 3.46 Bn |
| Mar 31, 2023 | 3.27 Bn |
| Dec 31, 2022 | 3.23 Bn |
| Sep 30, 2022 | 3.06 Bn |
| Jun 30, 2022 | 3.06 Bn |
| Mar 31, 2022 | 2.99 Bn |
| Dec 31, 2021 | 3.08 Bn |
API Access
Spotify Technology Revenue 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=revenue&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();