Spotify Technology (MEX:SPOT N) Research & Development: MXN28,681 Mil (TTM As of Mar. 2026)


MEX:SPOT N Spotify Technology SA MEX:SPOT N
80 GF Score
Price MXN7,843.09
GF Value MXN8,709.51
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Spotify Technology Research & Development?

Spotify Technology MEX:SPOT N -1.82% 80 Research & Development is MXN28,681 Mil as of Mar. 2026. GuruFocus rates MEX:SPOT N with a GF Score™ of 80/100 and a GF Value™ of MXN8,709.51 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Spotify Technology's Research & Development for the three months ended in Mar. 2026 was MXN6,900 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN28,681 Mil.

Spotify Technology  (MEX:SPOT N) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Spotify Technology Research & Development Related Terms

Spotify Technology Research & Development Historical Data

* Premium members only.

The historical data trend for Spotify Technology's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spotify Technology Research & Development Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21,139.85 28,645.08 31,930.84 32,451.91 29,369.95

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,382.33 9,012.82 6,653.00 6,114.35 6,900.37
MEX:SPOT N
80GF Score
Spotify Technology SA MEX:SPOT N
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spotify Technology Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN28,681 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN28,681 Mil mean?
Spotify Technology (MEX:SPOT N) has a Research & Development of MXN28,681 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's Research & Development too high?
Spotify Technology's current Research & Development is MXN28,681 Mil. Overall, Spotify Technology has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Research & Development compare to NBIS and BIDU?
Spotify Technology's Research & Development of MXN28,681 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Interactive Media company?
A good Research & Development depends on the Interactive Media industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Spotify Technology and its competitors. Spotify Technology's current Research & Development is MXN28,681 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Based on GuruFocus' analysis, Spotify Technology (MEX:SPOT N) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,709.51, compared to a current price of MXN7,843.09 — trading 9.9% below its estimated fair value. The current Research & Development is MXN28,681 Mil. Spotify Technology's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Spotify Technology (MEX:SPOT N), the current Research & Development is MXN28,681 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spotify Technology (MEX:SPOT N) Overvalued in 2026?

Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued. The current stock price of MXN7,843.09 is trading 9.9% below its estimated GF Value™ of MXN8,709.51. GuruFocus considers Spotify Technology to be Fairly Valued.

Key valuation signals for MEX:SPOT N:

  • Research & Development: MXN28,681 Mil
  • GF Value™: MXN8,709.51 vs. price of MXN7,843.09 (9.9% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the MEX:SPOT N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spotify Technology Business Description

Address Regeringsgatan 19, Stockholm, SWE, 111 53
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
80GF Score

Get the complete analysis for MEX:SPOT N

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN7,843.09
Price
MXN8,709.51
GF Value