Operating Income for Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's current operating income (TTM) is $2.20B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
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)
$2.20B
YoY change
+61.0%
5Y CAGR
N/A
Peak year (2025)
$2.20B
Cumulative operating income
$1.18B
Operating Income history chart for Spotify (SPOT) from 2015 to 2025
Operating Income history table for Spotify (SPOT) from 2015 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.20B | +61.0% | ||
| 2024 | $1.36B | -406.1% | ||
| 2023 | -$446.00M | -32.3% | ||
| 2022 | -$659.00M | -801.1% | ||
| 2021 | $94.00M | -132.1% | ||
| 2020 | -$293.00M | +301.4% | ||
| 2019 | -$73.00M | +69.8% | ||
| 2018 | -$43.00M | -88.6% | ||
| 2017 | -$378.00M | +8.3% | ||
| 2016 | -$349.00M | +48.5% | ||
| 2015 | -$235.00M | — |
Operating Income 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
2025's annual operating income for Spotify (SPOT) came in at $2.20B – surged 61.0% year-over-year.
2025 marks the peak operating income at $2.20B, with the historical low of -$659.00M recorded in 2022.
Spotify (SPOT) sits 9th of 8 Communication Services peers we track on this metric, against a peer median of $22.42B.
Spotify Operating Income by Year
Spotify Operating Income 2025: $2.20B
Spotify operating income in 2025 was $2.20B, surged 61.0% from 2024. This figure represents the highest annual value in the available history.
Spotify Operating Income 2024: $1.36B
Spotify operating income in 2024 was $1.36B, plunged 406.1% below 2023.
Spotify Operating Income 2023: -$446.00M
Spotify operating income in 2023 was -$446.00M, plunged 32.3% below 2022.
Spotify Operating Income 2022: -$659.00M
Spotify operating income in 2022 was -$659.00M, plunged 801.1% below 2021. This figure represents the lowest annual value in the available history.
Spotify Operating Income 2021: $94.00M
Spotify operating income in 2021 was $94.00M.
See more financial history for Spotify (SPOT).
Sector peers — Operating Income
Companies in the same sector as Spotify, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $129.17B | Communication Services |
| Meta Platforms, Inc. (META) | $83.28B | Communication Services |
| Verizon Communications Inc. (VZ) | $29.26B | Communication Services |
| AT&T Inc. (T) | $24.16B | Communication Services |
| Comcast Corporation (CMCSA) | $20.67B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.74B | Communication Services |
| The Walt Disney Company (DIS) | $13.83B | Communication Services |
| Netflix, Inc. (NFLX) | $13.33B | Communication Services |
Frequently asked questions
What is Spotify's operating income?
- Latest reported operating income for Spotify (SPOT) is $2.20B (period ending December 31, 2025).
How has Spotify operating income changed year-over-year?
- Spotify (SPOT) operating income changed +61.0% year-over-year on the latest annual filing.
When did Spotify operating income hit its highest annual value?
- Spotify operating income reached its highest annual value of $2.20B in 2025.
What was Spotify operating income in 2024?
- Spotify (SPOT) operating income in 2024 was $1.36B.
What was Spotify operating income in 2025?
- Spotify (SPOT) operating income in 2025 was $2.20B.
Metrics overview
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