TTM
15.6%
YoY change
+5.61pp
Trough year (2017)
-30.2%
Peak year (2025)
12.9%
Latest annual
12.9%
Net Profit Margin history chart for Spotify (SPOT) from 2015 to 2025
Latest: 12.9%
Net Profit Margin change chart for Spotify (SPOT) from 2015 to 2025
Latest: +5.61pp
Net Profit Margin history table for Spotify (SPOT) from 2015 to 2025
| 2025 | 12.9% | +5.61pp | ||
| 2024 | 7.3% | +11.28pp | ||
| 2023 | -4.0% | -0.35pp | ||
| 2022 | -3.7% | -3.32pp | ||
| 2021 | -0.4% | +7.02pp | ||
| 2020 | -7.4% | -4.62pp | ||
| 2019 | -2.7% | -1.27pp | ||
| 2018 | -1.5% | +28.71pp | ||
| 2017 | -30.2% | -11.94pp | ||
| 2016 | -18.3% | -6.40pp | ||
| 2015 | -11.9% | — |
- 202512.9%+5.61pp
- 20247.3%+11.28pp
- 2023-4.0%-0.35pp
- 2022-3.7%-3.32pp
- 2021-0.4%+7.02pp
- 2020-7.4%-4.62pp
- 2019-2.7%-1.27pp
- 2018-1.5%+28.71pp
- 2017-30.2%-11.94pp
- 2016-18.3%-6.40pp
- 2015-11.9%—
Net Profit Margin 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 are in EUR as filed.
About Net Profit Margin at Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's latest reported net margin is 15.6%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Spotify (SPOT) net margin totalled 12.87% – expanded 5.6 percentage points year-over-year.
Across the available history, net margin reached its high of 12.87% in 2025 and its low of -30.20% in 2017.
Spotify Net Profit Margin by Year
Spotify Net Profit Margin 2025: 12.9%
In 2025, Spotify reported net margin of 12.87%, expanded 5.6 percentage points from 2024. This figure represents the highest annual value in the available history.
Spotify Net Profit Margin 2024: 7.3%
Spotify net margin in 2024 was 7.26%, expanded 11.3 percentage points from 2023.
Spotify Net Profit Margin 2023: -4.0%
2023's net margin for Spotify came in at -4.02%, contracted 0.3 percentage points from 2022.
Spotify Net Profit Margin 2022: -3.7%
Spotify posted net margin of -3.67% in 2022, contracted 3.3 percentage points from 2021.
Spotify Net Profit Margin 2021: -0.4%
Spotify net margin in 2021 was -0.35%.
See more financial history for Spotify (SPOT).
Sector peers by Net Profit Margin
Communication Services peers of Spotify (SPOT), ranked by their latest net margin
| 37.9% | |
| 32.8% | |
| 28.5% | |
| 16.9% | |
| 15.0% | |
| 12.5% | |
| 11.6% | |
| 11.5% |
- 37.9%
- 32.8%
- 28.5%
- 16.9%
- 15.0%
- 12.5%
- 11.6%
- 11.5%
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