Spotify Technology S.A.SPOTNYSE
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Operating Expenses Over TimeStrong
Percentile Rank70
3Y CAGR-2.7%
5Y CAGR+7.4%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
-2.7%/yr
vs +26.6%/yr prior
5Y CAGR
+7.4%/yr
Recent deceleration
Acceleration
-29.3pp
Decelerating
Percentile
P70
Within normal range
vs 5Y Ago
1.4x
Solid growth
Streak
2 yr
Consecutive declineStrong
PeriodValueYoY Change
2025$3.30B-1.8%
2024$3.36B-12.6%
2023$3.84B+7.2%
2022$3.58B+43.6%
2021$2.50B+8.2%
2020$2.31B+28.6%
2019$1.79B+28.6%
2018$1.40B+13.8%
2017$1.23B+63.6%
2016$750.00M-