Spotify Technology S.A. (SPOT) Earnings History
Annual and quarterly earnings data from 2015 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 32.0% | 12.8% | 12.9% |
| 2024 | 30.1% | 8.7% | 7.3% |
| 2023 | 25.6% | -3.4% | -4.0% |
| 2022 | 25.0% | -5.6% | -3.7% |
| 2021 | 26.8% | 1.0% | -0.4% |
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Spotify Technology S.A. (SPOT) Earnings Overview
As of February 28, 2026, Spotify Technology S.A. (SPOT) reported trailing twelve-month net income of $2.20B, reflecting +0.8% year-over-year growth. The company earned $10.36 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, SPOT's historical earnings data spans multiple years. The company achieved its highest annual net income of $2.12B in fiscal 2025, representing a new all-time high.
Spotify Technology S.A. maintains positive profitability with a gross margin of 0.3%, operating margin of 0.1%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including TME ($10.81B net income, 0.2% margin), KRKR (-$91M net income, -0.6% margin), FENG (-$49M net income, -0.1% margin), SPOT has room to improve margins relative to the peer group. Compare SPOT vs TME →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
11 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.12B | +86.7% | $2.11B | $10.09 | 12.9% | 12.8% |
| 2024 | $1.14B | +313.9% | $1.36B | $5.50 | 7.3% | 8.7% |
| 2023 | -$532M | -23.7% | -$446M | $-2.68 | -4.0% | -3.4% |
| 2022 | -$430M | -1164.7% | -$659M | $-2.86 | -3.7% | -5.6% |
| 2021 | -$34M | +94.1% | $94M | $-1.07 | -0.4% | 1.0% |
| 2020 | -$581M | -212.4% | -$293M | $-2.88 | -7.4% | -3.7% |
| 2019 | -$186M | -138.5% | -$73M | $-1.01 | -2.7% | -1.1% |
| 2018 | -$78M | +93.7% | -$43M | $-0.45 | -1.5% | -0.8% |
| 2017 | -$1.24B | -129.1% | -$378M | $-6.48 | -30.2% | -9.2% |
| 2016 | -$539M | -134.3% | -$349M | $-3.09 | -18.3% | -11.8% |
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Start ComparisonFrequently Asked Questions
Is SPOT growing earnings?
SPOT EPS of $10.36 reflects slowing growth at +0.8%, below the 5-year CAGR of N/A. TTM net income is $2.2B. Expansion rate has moderated.
What are SPOT's profit margins?
Spotify Technology S.A. net margin is +0.1%, with operating margin at +0.1%. Below-average margins reflect competitive or cost pressures.
How consistent are SPOT's earnings?
SPOT earnings data spans 2015-2025. The current earnings trend is +0.8% YoY. Historical data enables comparison across business cycles.