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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
565.19
+13.07 (2.37%)
At close: Mar 6, 2026, 4:00 PM EST
565.58
+0.39 (0.07%)
After-hours: Mar 6, 2026, 5:27 PM EST

Spotify Technology Operating Metrics

Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium Avg. Revenue Per User
5.47 5.27 5.31 5.50 5.64 5.48 5.37 5.29
Premium Avg. Revenue Per User Growth
-3.09% -3.82% -1.08% 3.96% 5.43% 8.53% 8.20% 5.32%

Revenue by Segment
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
17.85B 17.49B 17.13B 16.68B 16.07B 15.45B 14.74B 14.07B
Premium Growth
11.08% 13.23% 16.20% 18.54% 19.61% 19.68% 16.94% 14.45%
Ad-Supported
2.13B 2.16B 2.19B 2.19B 2.16B 2.11B 2.08B 2.02B
Ad-Supported Growth
-0.97% 2.04% 4.91% 8.21% 10.29% 8.28% 10.88% 10.68%

Users
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Total
751.00M 713.00M 696.00M 678.00M 675.00M 640.00M 626.00M 615.00M
Total Growth
11.26% 11.41% 11.18% 10.24% 12.13% 11.50% 13.61% 19.42%
Ad-Supported
476.00M 446.00M 433.00M 423.00M 425.00M 402.00M 393.00M 388.00M
Ad-Supported Growth
12.00% 10.95% 10.18% 9.02% 12.14% 11.36% 14.58% 22.40%
Premium
290.00M 281.00M 276.00M 268.00M 263.00M 252.00M 246.00M 239.00M
Premium Growth
10.27% 11.51% 12.20% 12.13% 11.44% 11.50% 11.82% 13.81%

Gross Margin by Segment
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
34.80% 33.20% 33.10% 33.50% 34.70% 33.50% 31.40% 30.20%
Total
33.10% 31.60% 31.50% 31.60% 32.20% 31.10% 29.20% 27.60%
Ad-Supported
19.50% 18.40% 18.30% 15.30% 15.10% 13.10% 13.40% 6.40%

Revenue by Geography
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Other Countries
12.45B 11.11B 10.35B 9.63B 9.35B 9.05B 8.68B 8.28B
Other Countries Growth
33.06% 22.80% 19.13% 16.29% 18.59% 19.89% 18.88% 16.76%
United States
7.52B 7.59B 7.58B 7.43B 7.14B 6.85B 6.57B 6.31B
United States Growth
5.44% 10.69% 15.35% 17.72% 17.44% 16.34% 13.21% 11.25%
United Kingdom
- - - 1.80B 1.72B 1.65B 1.57B 1.49B 1.43B 1.37B 1.33B
United Kingdom Growth
- - - 20.42% 20.57% 20.29% 17.76% 14.25% 10.51% 7.48% 6.23%
Luxembourg
15.12M 15.12M 13.95M 12.79M 11.63M 10.47M 10.47M 10.47M - -
Luxembourg Growth
30.00% 44.44% 33.33% 22.22% 11.11% 28.57% 28.57% 28.57% - -

Operating Expense Breakdown
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Sales and Marketing
1.66B 1.65B 1.63B 1.61B 1.62B 1.66B 1.69B 1.76B
Sales and Marketing Growth
2.44% -0.77% -3.51% -8.48% -9.20% -7.92% -10.85% -6.96%
Research and Development
1.62B 1.72B 1.76B 1.72B 1.73B 1.83B 1.87B 1.95B
Research and Development Growth
-6.26% -6.27% -5.79% -12.09% -13.86% -5.62% -4.97% 6.81%
General and Administrative
557.00M 572.12M 573.28M 560.49M 559.33M 597.70M 617.47M 660.50M
General and Administrative Growth
-0.42% -4.28% -7.16% -15.14% -17.78% -13.47% -15.04% -10.55%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.