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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
434.20
-61.62 (-12.43%)
At close: Apr 28, 2026, 4:00 PM EDT
434.28
+0.08 (0.02%)
After-hours: Apr 28, 2026, 5:45 PM EDT

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
5.53 5.33 5.37 5.56 5.70 5.54 5.43 5.35
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
18.05B 17.69B 17.33B 16.87B 16.25B 15.62B 14.91B 14.23B
Premium Growth
11.08% 13.23% 16.20% 18.54% 19.61% 19.68% 16.94% 14.45%
Ad-Supported
2.16B 2.18B 2.21B 2.22B 2.18B 2.14B 2.11B 2.05B
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
12.59B 11.24B 10.46B 9.74B 9.46B 9.15B 8.78B 8.37B
Other Countries Growth
33.06% 22.80% 19.13% 16.29% 18.59% 19.89% 18.88% 16.76%
United States
1.93B 1.87B 1.87B 1.94B 1.99B 1.85B 1.73B 1.64B
United States Growth
-3.24% 0.63% 8.37% 18.36% 16.56% 18.57% 17.43% 17.24%
Luxembourg
15.29M 15.29M 14.11M 12.94M 11.76M 10.58M 10.58M 10.58M
Luxembourg Growth
30.00% 44.44% 33.33% 22.22% 11.11% 28.57% 28.57% 28.57%
United Kingdom
- - - 1.82B 1.74B 1.67B 1.58B 1.51B 1.45B
United Kingdom Growth
- - - 20.42% 20.57% 20.29% 17.76% 14.25% 10.51%

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
1.68B 1.67B 1.65B 1.63B 1.64B 1.68B 1.71B 1.78B
Sales and Marketing Growth
2.44% -0.77% -3.51% -8.48% -9.20% -7.92% -10.85% -6.96%
Research and Development
1.64B 1.74B 1.78B 1.74B 1.75B 1.86B 1.89B 1.97B
Research and Development Growth
-6.26% -6.27% -5.79% -12.09% -13.86% -5.62% -4.97% 6.81%
General and Administrative
563.31M 578.60M 579.77M 566.84M 565.66M 604.47M 624.46M 667.98M
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.