How much revenue does Spotify (SPOT) generate?

Spotify (SPOT) generated €17.53B in total revenue in TTM through Q1 2026, with a net profit margin of 15.4%, equivalent to roughly €2.71B in net income — what remains after every operating cost, interest payment, and income tax has been paid.

What is the gross profit margin of Spotify (SPOT)?

Spotify (SPOT) reported a gross profit margin of 32.3% in TTM through Q1 2026, equivalent to €5.67B in gross profit on €17.53B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Spotify (SPOT)?

Spotify (SPOT) reported an operating profit margin of 13.7% in TTM through Q1 2026, equivalent to €2.40B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Spotify (SPOT)?

Spotify (SPOT) reported a net profit margin of 15.4% in TTM through Q1 2026, equivalent to €2.71B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Spotify (SPOT) profitable?

Yes. Spotify (SPOT) reported €2.71B in net income for TTM through Q1 2026, with a net profit margin of 15.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Spotify (SPOT) invest in research and development?

Spotify (SPOT) invested €1.34B in research and development during TTM through Q1 2026, roughly 7.7% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Spotify (SPOT) spend on capital expenditures?

Spotify (SPOT) spent €60.08M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Spotify (SPOT) generate?

Spotify (SPOT) generated €3.18B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 18.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Spotify (SPOT)?

Spotify (SPOT) had an effective tax rate of 4.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

How Spotify Makes Money: 2026 Visual Revenue Map

Spotify (SPOT) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 28, 2026).

Spotify discloses geographic revenue only in annual filings. to view the full breakdown.

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Revenue Counter$644.60/s
Earnings Counter$100.32/s
Economic Scalevs Niger

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