Cost of revenue · 2016–2025
Spotify Technology cost of revenue
$13.2B+11.5% · FY2025
Spotify Technology (SPOT) reported $13.2B in cost of revenue for fiscal 2025, +11.5% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $13.2B | +11.5% | Open → |
| FY20242024-12-31 | $11.9B | +11.3% | Open → |
| FY20232023-12-31 | $10.7B | +14.9% | Open → |
| FY20222022-12-31 | $9.3B | +10.7% | Open → |
| FY20212021-12-31 | $8.4B | +24.9% | Open → |
| FY20202020-12-31 | $6.7B | +18.7% | Open → |
| FY20192019-12-31 | $5.6B | +22.4% | Open → |
| FY20182018-12-31 | $4.6B | +26.0% | Open → |
| FY20172017-12-31 | $3.7B | +29.7% | Open → |
| FY20162016-12-31 | $2.8B | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2016–2025 compound annual growth +18.7%
Figures are reported under IFRS in EUR and converted to US dollars at ECB reference rates — fiscal 2025 average 0.885 EUR/$ for income items, year-end 0.851 EUR/$ for balance-sheet items.
Cost of revenue at companies of similar size
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Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Spotify Technology cost of revenue |url=https://companiesranked.com/en/company/spotify-technology/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Spotify Technology cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/spotify-technology/cost-of-revenueBibTeX
@misc{companiesranked-en-company-spotify-technology-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{Spotify Technology cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/spotify-technology/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001628280-26-006874 · February 10, 2026
{{cite web |title=Spotify Technology cost of revenue — 20-F (0001628280-26-006874) |url=https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-10}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.