Spotify Technology S.A. (SPOT) Gross Margin: 32.31%
Is Spotify Technology S.A.’s gross margin high or low?
Spotify Technology S.A.'s gross margin of 32.31% is 17% above its 5-year average of 27.51%, near the high end of its 5-year range (24.95%–31.98%).
The gross margin for Spotify Technology S.A. (SPOT) is 32.31% as of Wednesday, June 10, 2026. It is above its 12-month average by 4.02% (31.06%).
SPOT Gross Margin Chart
SPOT Average Gross Margin Chart
SPOT Current vs Average Gross Margin Chart
SPOT Gross Margin Metrics
GROSS MARGIN
32.31%
GROSS MARGIN AVG TTM
31.06%
GROSS MARGIN AVG 3Y
28.18%
GROSS MARGIN AVG 5Y
27.51%
GROSS MARGIN AVG 10Y
23.84%
GROSS MARGIN AVG 15Y
23.84%
GROSS MARGIN AVG 20Y
23.84%
CURRENT VS TTM AVG
+4.02%
CURRENT VS 3Y AVG
+14.67%
CURRENT VS 5Y AVG
+17.43%
CURRENT VS 10Y AVG
+35.52%
CURRENT VS 15Y AVG
+35.52%
CURRENT VS 20Y AVG
+35.52%
SPOT Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $103.45B | 32.31% | 31.06% | 28.18% | 27.51% |
| Comcast Corporation (CMCSA) | $85.63B | 70.13% | 70.91% | 70.03% | 69.18% |
| Electronic Arts Inc. (EA) | $50.95B | 78.99% | 79.14% | 77.89% | 76.40% |
| AT&T Inc. (T) | $161.17B | 79.66% | 61.35% | 56.08% | 52.69% |
| The Walt Disney Company (DIS) | $171.20B | 37.16% | 36.75% | 35.29% | 34.52% |
| Reddit, Inc. (RDDT) | $32.03B | 91.37% | 90.84% | 88.03% | 85.52% |
| Charter Communications, Inc. (CHTR) | $19.45B | 43.26% | 46.14% | 43.65% | 41.75% |
| Roku, Inc. (ROKU) | $17.27B | 44.19% | 43.84% | 44.37% | 45.65% |
| Pinterest, Inc. (PINS) | $14.47B | 79.86% | 79.75% | 78.19% | 77.61% |
| Verizon Communications Inc. (VZ) | $195.94B | 58.85% | 46.12% | 45.60% | 45.87% |
Gross Margin Analysis
Gross Margin
32.3%
(Revenue - COGS) / Revenue
Spotify Technology S.A. Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Spotify Technology S.A. Gross Margin FAQ
- What is the gross margin for Spotify Technology S.A. (SPOT)?
- The gross margin for SPOT stock is 32.31%.
- Is Spotify Technology S.A.'s gross margin high or low?
- Spotify Technology S.A.'s gross margin of 32.31% is 17% above its 5-year average of 27.51%, near the high end of its 5-year range (24.95%–31.98%).
- What is the TTM average gross margin for Spotify Technology S.A. (SPOT)?
- The TTM average gross margin for SPOT stock is 31.06%.
- What is the 3Y average gross margin for Spotify Technology S.A. (SPOT)?
- The 3Y average gross margin for SPOT stock is 28.18%.
- What is the 5Y average gross margin for Spotify Technology S.A. (SPOT)?
- The 5Y average gross margin for SPOT stock is 27.51%.
- What is the 10Y average gross margin for Spotify Technology S.A. (SPOT)?
- The 10Y average gross margin for SPOT stock is 23.84%.
- What is the 15Y average gross margin for Spotify Technology S.A. (SPOT)?
- The 15Y average gross margin for SPOT stock is 23.84%.
- What is the 20Y average gross margin for Spotify Technology S.A. (SPOT)?
- The 20Y average gross margin for SPOT stock is 23.84%.
Spotify Technology S.A. Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 31.98% |
| 2024-12-31 | 30.14% |
| 2023-12-31 | 25.64% |
| 2022-12-31 | 24.95% |
| 2021-12-31 | 26.80% |
| 2020-12-31 | 25.57% |
| 2019-12-31 | 25.46% |
| 2018-12-31 | 25.73% |
| 2017-12-31 | 20.76% |
| 2016-12-31 | 13.58% |
| 2015-12-31 | 11.65% |
Related Metrics
About Spotify Technology S.A.
Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Alex Norström