Gross Profit for Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's current gross profit (TTM) is $5.50B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SPOT
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TTM (last 4 quarters)
$5.50B
YoY change
+16.3%
5Y CAGR
+22.2%
Peak year (2025)
$5.50B
Cumulative gross profit
$25.70B
Gross Profit history chart for Spotify (SPOT) from 2015 to 2025
Gross Profit history table for Spotify (SPOT) from 2015 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $5.50B | +16.3% | ||
| 2024 | $4.72B | +39.1% | ||
| 2023 | $3.40B | +16.1% | ||
| 2022 | $2.93B | +12.9% | ||
| 2021 | $2.59B | +28.6% | ||
| 2020 | $2.02B | +17.0% | ||
| 2019 | $1.72B | +27.3% | ||
| 2018 | $1.35B | +59.4% | ||
| 2017 | $849.00M | +111.7% | ||
| 2016 | $401.00M | +77.4% | ||
| 2015 | $226.00M | — |
Gross Profit values are taken from Spotify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
Analysis
Spotify (SPOT) most recent annual gross profit stands at $5.50B (2025) – grew 16.3% year-over-year.
Spotify gross profit compound annual growth for the 2020–2025 (5 years) window is +22.2%, sustaining 10 straight years of year-over-year growth.
The highest annual gross profit of $5.50B was reported in 2025. The lowest in the available history was $226.00M in 2015.
Spotify (SPOT) sits 9th of 8 Communication Services peers we track on this metric, against a peer median of $68.69B.
Spotify Gross Profit by Year
Spotify Gross Profit 2025: $5.50B
Spotify gross profit in 2025 was $5.50B, grew 16.3% from 2024. This figure represents the highest annual value in the available history.
Spotify Gross Profit 2024: $4.72B
Spotify gross profit in 2024 was $4.72B, surged 39.1% from 2023.
Spotify Gross Profit 2023: $3.40B
Spotify gross profit in 2023 was $3.40B, grew 16.1% from 2022.
Spotify Gross Profit 2022: $2.93B
Spotify gross profit in 2022 was $2.93B, grew 12.9% from 2021.
Spotify Gross Profit 2021: $2.59B
Spotify gross profit in 2021 was $2.59B.
See more financial history for Spotify (SPOT).
Sector peers — Gross Profit
Companies in the same sector as Spotify, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $240.43B | Communication Services |
| Meta Platforms, Inc. (META) | $164.79B | Communication Services |
| AT&T Inc. (T) | $100.22B | Communication Services |
| Comcast Corporation (CMCSA) | $74.31B | Communication Services |
| Verizon Communications Inc. (VZ) | $63.08B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $42.07B | Communication Services |
| The Walt Disney Company (DIS) | $35.66B | Communication Services |
| Netflix, Inc. (NFLX) | $21.91B | Communication Services |
Frequently asked questions
What is Spotify's gross profit?
- Latest reported gross profit for Spotify (SPOT) is $5.50B (period ending December 31, 2025).
How has Spotify gross profit changed year-over-year?
- Spotify (SPOT) gross profit changed +16.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Spotify gross profit?
- Spotify (SPOT) gross profit compound annual growth rate is +22.2% over the most recent 5 years available.
When did Spotify gross profit hit its highest annual value?
- Spotify gross profit reached its highest annual value of $5.50B in 2025.
What was Spotify gross profit in 2024?
- Spotify (SPOT) gross profit in 2024 was $4.72B.
What was Spotify gross profit in 2025?
- Spotify (SPOT) gross profit in 2025 was $5.50B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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