Spotify Technology S.A annual operating expenses
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Spotify Technology S.A Operating Expenses Growth & History (SPOT)
Spotify Technology S.A's operating expenses was €3.30B for fiscal 2025.
View full Spotify Technology S.A company overviewSpotify Technology S.A annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €3.30B | −€61.0M | −1.82% |
| 2024 | 2024-12-31 | €3.36B | −€484.0M | −12.59% |
| 2023 | 2023-12-31 | €3.84B | €258.0M | +7.20% |
| 2022 | 2022-12-31 | €3.58B | €1.09B | +43.57% |
| 2021 | 2021-12-31 | €2.50B | €189.0M | +8.19% |
| 2020 | 2020-12-31 | €2.31B | €513.0M | +28.58% |
| 2019 | 2019-12-31 | €1.79B | €399.0M | +28.58% |
| 2018 | 2018-12-31 | €1.40B | €169.0M | +13.77% |
| 2017 | 2017-12-31 | €1.23B | €477.0M | +63.60% |
| 2016 | 2016-12-31 | €750.0M | — | — |
Spotify Technology S.A quarterly operating expenses
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €941.0M | €27.0M | +2.95% |
| Q1 2026 | 2026-03-31 | €780.0M | −€37.0M | −4.53% |
| Q4 2025 | 2025-12-31 | €798.0M | −€93.0M | −10.44% |
| Q3 2025 | 2025-09-30 | €769.0M | −€17.0M | −2.16% |
| Q2 2025 | 2025-06-30 | €914.0M | €68.0M | +8.04% |
| Q1 2025 | 2025-03-31 | €817.0M | −€19.0M | −2.27% |
| Q4 2024 | 2024-12-31 | €891.0M | −€164.0M | −15.55% |
| Q3 2024 | 2024-09-30 | €786.0M | −€67.0M | −7.85% |
| Q2 2024 | 2024-06-30 | €846.0M | −€167.0M | −16.49% |
| Q1 2024 | 2024-03-31 | €836.0M | −€86.0M | −9.33% |
| Q4 2023 | 2023-12-31 | €1.05B | €23.0M | +2.23% |
| Q3 2023 | 2023-09-30 | €853.0M | −€125.0M | −12.78% |
| Q2 2023 | 2023-06-30 | €1.01B | €115.0M | +12.81% |
| Q1 2023 | 2023-03-31 | €922.0M | €245.0M | +36.19% |
| Q4 2022 | 2022-12-31 | €1.03B | — | — |
| Q3 2022 | 2022-09-30 | €978.0M | — | — |
| Q2 2022 | 2022-06-30 | €898.0M | — | — |
| Q1 2022 | 2022-03-31 | €677.0M | — | — |
Spotify Technology S.A operating expenses trends
Over the last five fiscal years, Spotify Technology S.A's operating expenses increased from €2.31B to €3.30B, a change of €990.0M. The latest reported quarter, Q2 2026, shows €941.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Spotify Technology S.A source filings ↗