Quick Answer
Spotify Technology S.A. reported R&D Expense of $1.39 billion for fiscal year 2025.
Spotify Technology S.A. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.39B | -6.3% |
| 2024 | $1.49B | -13.9% |
| 2023 | $1.73B | +24.4% |
| 2022 | $1.39B | +52.1% |
| 2021 | $912.00M | +9.0% |
| 2020 | $837.00M | +36.1% |
| 2019 | $615.00M | +24.7% |
| 2018 | $493.00M | +24.5% |
| 2017 | $396.00M | +91.3% |
| 2016 | $207.00M | — |
- Spotify Technology S.A. showed a decrease of -6.3% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2025 period, Spotify Technology S.A.’s r&d expense has grown by 572.9% (from $207.00 million to $1.39 billion).
- The most recent figure is from Spotify Technology S.A.’s fiscal year 2025 report (Form 20-F), filed with the SEC on February 10, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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