Spotify Technology S.a. revenue

Spotify Technology S.a.'s revenue was $19.43bn in fiscal 2025, up 14.6% on the year before. Since fiscal 2016 ($3.27bn) it has grown at a compound 21.9% a year.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Spotify Technology S.a.: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	3.3	4.6	6.2	7.6	9.0	11.4	12.4	14.3	17.0	19.4
Growth on the year before	—	+41.4%	+34.5%	+21.8%	+18.7%	+27.2%	+8.0%	+16.0%	+18.4%	+14.6%
Gross profit	0.4	1.0	1.6	1.9	2.3	3.1	3.1	3.7	5.1	6.2
Gross margin	13.6%	20.8%	25.7%	25.5%	25.6%	26.8%	25.0%	25.6%	30.1%	32.0%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Interactive Media & Services: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Spotify Technology S.a.	$19.43bn	14.6%	—
Baidu, Inc.	$17.96bn	-2.9%	51.2%
Sea Ltd	$22.94bn	36.4%	—
Snap Inc	$6.35bn	12.6%	12.3%
Pinterest, Inc.	$4.68bn	15.4%	16.6%
Tencent Music Entertainment Group	$4.58bn	16.0%	—

Compare with peers

Head to head: BIDU vs SPOT SE vs SPOT SNAP vs SPOT

More: Interactive Media & Services stocks compared, Communication Services sector, rankings of US companies

Figures from Spotify Technology S.a.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Spotify Technology S.a.