Spotify Technology (XSWX:SPOT) Total Operating Expense: CHF3,030 Mil (TTM As of Mar. 2026)


XSWX:SPOT Spotify Technology SA XSWX:SPOT
77 GF Score
Price CHF372.50
GF Value CHF396.74
! 2 Warning Signs
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What is Spotify Technology Total Operating Expense?

Spotify Technology XSWX:SPOT +2.48% 77 Total Operating Expense is CHF3,030 Mil as of Mar. 2026. GuruFocus rates XSWX:SPOT with a GF Score™ of 77/100 and a GF Value™ of CHF396.74. The stock has 2 warning signs investors should review.

Spotify Technology's Total Operating Expense for the three months ended in Mar. 2026 was CHF710 Mil. Spotify Technology's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF3,030 Mil.

Spotify Technology Total Operating Expense Related Terms

Spotify Technology Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Spotify Technology's Total Operating Expense 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 Total Operating Expense Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,598.57 3,537.91 3,624.24 3,136.01 3,077.49

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 780.43 857.28 718.55 744.64 709.94
XSWX:SPOT
77GF Score
Spotify Technology SA XSWX:SPOT
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Spotify Technology Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 CHF3,030 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.

What does a Total Operating Expense of CHF3,030 Mil mean?
Spotify Technology (XSWX:SPOT) has a Total Operating Expense of CHF3,030 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's Total Operating Expense too high?
Spotify Technology's current Total Operating Expense is CHF3,030 Mil. Overall, Spotify Technology has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Total Operating Expense compare to NBIS and BIDU?
Spotify Technology's Total Operating Expense of CHF3,030 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 Total Operating Expense for an Interactive Media company?
A good Total Operating Expense depends on the Interactive Media industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Spotify Technology and its competitors. Spotify Technology's current Total Operating Expense is CHF3,030 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?
Spotify Technology (XSWX:SPOT) has a current Total Operating Expense of CHF3,030 Mil. The stock's GF Value™ is CHF396.74, compared to a current price of CHF372.50 — trading 6.1% below its estimated fair value. The current Total Operating Expense is CHF3,030 Mil. Spotify Technology's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Total Operating Expense is CHF3,030 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 (XSWX:SPOT) Overvalued in 2026?

Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued. The current stock price of CHF372.50 is trading 6.1% below its estimated GF Value™ of CHF396.74.

Key valuation signals for XSWX:SPOT:

  • Total Operating Expense: CHF3,030 Mil
  • GF Value™: CHF396.74 vs. price of CHF372.50 (6.1% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the XSWX:SPOT 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.
77GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF372.50
Price
CHF396.74
GF Value