Spotify Technology S.A annual gross margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Spotify Technology S.A Gross Margin Growth & History (SPOT)
Spotify Technology S.A's gross margin was 31.98% for fiscal 2025.
View full Spotify Technology S.A company overviewSpotify Technology S.A annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 31.98% | +1.84 pp |
| 2024 | 2024-12-31 | 30.14% | +4.50 pp |
| 2023 | 2023-12-31 | 25.64% | +0.69 pp |
| 2022 | 2022-12-31 | 24.95% | −1.85 pp |
| 2021 | 2021-12-31 | 26.80% | +1.23 pp |
| 2020 | 2020-12-31 | 25.57% | +0.11 pp |
| 2019 | 2019-12-31 | 25.46% | −0.27 pp |
| 2018 | 2018-12-31 | 25.73% | +4.97 pp |
| 2017 | 2017-12-31 | 20.76% | +7.17 pp |
| 2016 | 2016-12-31 | 13.58% | — |
Spotify Technology S.A quarterly gross margin
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 33.41% | +1.93 pp |
| Q1 2026 | 2026-03-31 | 32.98% | +1.33 pp |
| Q4 2025 | 2025-12-31 | 33.08% | +0.83 pp |
| Q3 2025 | 2025-09-30 | 31.62% | +0.53 pp |
| Q2 2025 | 2025-06-30 | 31.48% | +2.27 pp |
| Q1 2025 | 2025-03-31 | 31.65% | +4.03 pp |
| Q4 2024 | 2024-12-31 | 32.25% | +5.55 pp |
| Q3 2024 | 2024-09-30 | 31.09% | +4.73 pp |
| Q2 2024 | 2024-06-30 | 29.21% | +5.10 pp |
| Q1 2024 | 2024-03-31 | 27.61% | +2.43 pp |
| Q4 2023 | 2023-12-31 | 26.70% | +1.40 pp |
| Q3 2023 | 2023-09-30 | 26.36% | +1.66 pp |
| Q2 2023 | 2023-06-30 | 24.11% | −0.47 pp |
| Q1 2023 | 2023-03-31 | 25.18% | −0.04 pp |
| Q4 2022 | 2022-12-31 | 25.30% | — |
| Q3 2022 | 2022-09-30 | 24.70% | — |
| Q2 2022 | 2022-06-30 | 24.58% | — |
| Q1 2022 | 2022-03-31 | 25.22% | — |
Spotify Technology S.A gross margin trends
Over the last five reported fiscal years, Spotify Technology S.A's gross margin increased from 25.57% to 31.98%, a change of +6.41 percentage points. The latest reported quarter, Q2 2026, shows 33.41%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Spotify Technology S.A filings at SEC.gov ↗