For another year, Spotify was the highest-paying retailer globally — paying the music industry more than $11 billion in 2025. This brings total lifetime payouts to nearly $70 billion.
That number isn’t just big, it’s growing. In 2025, Spotify payouts increased by more than 10% year-over-year — more than double the rate of other music industry income sources, which grew closer to 4%.
And these payouts aren’t concentrated to a small number of superstar artists: Once again, roughly half of royalties were generated by independent artists and labels.
These numbers reflect Spotify’s central role in today’s music economy: Not only as the largest platform for artists and the largest source of recorded music revenue, but also as the largest driver of the industry’s continued growth.