Spotify Technology (SPOT) Selling, General & Administrative (2017 - 2026)
Spotify Technology (SPOT) reported Selling, General & Administrative of $165.66 million for Q3 2026, up 27.7% from $129.77 million a year earlier but down 3.7% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Selling, General & Administrative (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Spotify Technology's Selling, General & Administrative came in at $589.84 million, up 8.6% year-over-year; for FY2025, it was $557.58 million, up 8.5% from FY2024.
- Selling, General & Administrative has a five-year compound annual growth rate of 2.0% (FY2020 to FY2025).
- By year, Selling, General & Administrative came in at $513.99 million in FY2024 (-18.8%), $632.8 million in FY2023 (-4.1%), $659.78 million in FY2022 (+23.9%) and $532.53 million in FY2021 (+5.5%).
- Five-year quarterly Selling, General & Administrative spans a low of $123 million in Q3 2024 and a high of $182.47 million in Q2 2022.
- Year over year, Selling, General & Administrative gained in four of the last eight quarters, with growth averaging 3.7%.
- The high point for year-over-year Selling, General & Administrative in five years was Q3 2022 (growth of 30.3%); the low point was Q2 2024 (a decline of 23.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $172.03 million (Q2 2026), $125.27 million (Q1 2026) and $126.88 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 6.14 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 14.86 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 466.37 Mn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 1.87 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 130.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 1.05 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 64.46 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 165.66 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 338.00 Mn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 345.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 165.66 Mn |
| Jun 30, 2026 | 172.03 Mn |
| Mar 31, 2026 | 125.27 Mn |
| Dec 31, 2025 | 126.88 Mn |
| Sep 30, 2025 | 129.77 Mn |
| Jun 30, 2025 | 152.81 Mn |
| Mar 31, 2025 | 130.43 Mn |
| Dec 31, 2024 | 130.37 Mn |
| Sep 30, 2024 | 123.00 Mn |
| Jun 30, 2024 | 133.53 Mn |
| Mar 31, 2024 | 133.62 Mn |
| Dec 31, 2023 | 166.77 Mn |
| Sep 30, 2023 | 140.43 Mn |
| Jun 30, 2023 | 175.32 Mn |
| Mar 31, 2023 | 150.27 Mn |
| Dec 31, 2022 | 167.32 Mn |
| Sep 30, 2022 | 161.32 Mn |
| Jun 30, 2022 | 182.47 Mn |
| Mar 31, 2022 | 147.03 Mn |
| Dec 31, 2021 | 144.14 Mn |
API Access
Spotify Technology Selling, General & Administrative 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=selling-general-and-administrative&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "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=selling-general-and-administrative&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();