TTM
$6.57B
YoY change
+26.9%
5Y CAGR
+21.6%
Peak year (2025)
$6.40B
Cumulative gross profit
$30.33B
Gross Profit history chart for Spotify (SPOT) from 2015 to 2025
Latest: $6.40B
Gross Profit growth chart for Spotify (SPOT) from 2015 to 2025
Latest: +26.9%
Gross Profit history table for Spotify (SPOT) from 2015 to 2025
| 2025 | $6.40B | +26.9% | +$1.36B | ||
| 2024 | $5.04B | +37.8% | +$1.38B | ||
| 2023 | $3.66B | +22.3% | +$666.26M | ||
| 2022 | $2.99B | +0.9% | +$27.92M | ||
| 2021 | $2.96B | +23.3% | +$559.33M | ||
| 2020 | $2.40B | +26.0% | +$496.17M | ||
| 2019 | $1.91B | +23.5% | +$363.24M | ||
| 2018 | $1.54B | +54.4% | +$543.60M | ||
| 2017 | $999.72M | +131.2% | +$567.36M | ||
| 2016 | $432.37M | +74.7% | +$184.91M | ||
| 2015 | $247.46M | — | — |
- 2025$6.40B+26.9%
- 2024$5.04B+37.8%
- 2023$3.66B+22.3%
- 2022$2.99B+0.9%
- 2021$2.96B+23.3%
- 2020$2.40B+26.0%
- 2019$1.91B+23.5%
- 2018$1.54B+54.4%
- 2017$999.72M+131.2%
- 2016$432.37M+74.7%
- 2015$247.46M—
Gross Profit values are taken from Spotify's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in EUR.
About Gross Profit at Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's current gross profit (TTM) is $6.57B. 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 .
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 Gross Profit by Year
Spotify Gross Profit 2025: $6.40B
Spotify gross profit in 2025 was €5.50B ($6.40B), grew 16.3% from 2024. This figure represents the highest annual value in the available history.
Spotify Gross Profit 2024: $5.04B
2024's gross profit for Spotify came in at €4.72B ($5.04B), surged 39.1% from 2023.
Spotify Gross Profit 2023: $3.66B
Spotify posted gross profit of €3.40B ($3.66B) in 2023, grew 16.1% from 2022.
Spotify Gross Profit 2022: $2.99B
In 2022, Spotify reported gross profit of €2.93B ($2.99B), grew 12.9% from 2021.
Spotify Gross Profit 2021: $2.96B
Spotify gross profit in 2021 was €2.59B ($2.96B).
See more financial history for Spotify (SPOT).
Sector peers by Gross Profit
Communication Services peers of Spotify (SPOT), ranked by their latest gross profit
| $240.43B | |
| $164.79B | |
| $100.22B | |
| $88.76B | |
| $63.08B | |
| $42.07B | |
| $35.66B | |
| $21.91B |
- $240.43B
- $164.79B
- $100.22B
- $88.76B
- $63.08B
- $42.07B
- $35.66B
- $21.91B
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