Somewhere between three tenths and half a cent. That is the answer, and it is worth sitting with for a second before reading why, because the number is not the shock — the shock is what it means about the thing most artists have organised their whole career around.
The number
Spotify works out to roughly $0.003 to $0.005 per stream as of 2026 — an estimate, not a published rate. Spotify states plainly that it “does not pay artist royalties according to a per-play or per-stream rate”; the pool is divided by total streams, so the effective figure moves every month. A thousand streams is therefore somewhere around three to five dollars, gross, before your distributor takes its share.
It varies enormously by country, because the money in the pool comes from subscriptions and adverts sold in that country. A stream from a US listener is worth around $0.0046. A stream from Brazil is worth around $0.0012 — roughly a quarter as much. The same song, the same play, a quarter of the money.
The floor almost nobody mentions
Since April 2024, a track has to reach 1,000 streams in a rolling twelve-month window before it earns anything at all from the recorded-music pool. Under that line, the per-stream rate is not small. It is zero.
Luminate’s 2024 year-end report counted about 87% of tracks across all streaming services getting 1,000 plays or fewer in a year — so most of the catalogue sits under that line. Spotify does not publish the figure for its own catalogue. If you have released a song and watched two hundred streams accumulate and wondered why the royalty statement says nothing, that is why. The money those plays generated did not vanish — it was redistributed into the pool that pays everyone above the line.
Whether that is fair is an argument worth having. What matters for planning is that it is the rule, and that 1,000 plays in a year is the first real target any release has.
Why 'the rate' is not a rate
Spotify does not have a per-stream rate. It has a pool. All the subscription and advertising money for a market goes into a pot, a share is set aside for recording rights holders, and that share is divided according to what proportion of the market's streams your track represented.
So your payout moves when things that have nothing to do with you move: how many people streamed anything that month, how many were paying subscribers versus listening free, what currency their money was in. Two identical months of streams will pay different amounts. Anyone quoting you a precise fixed rate is quoting an average of something that is not fixed.
What to actually do with this
The useful conclusion is not that streaming is a scam. It is that streaming is not income. It is evidence.
Streams are the proof that people are listening, and proof is what you take into the rooms where the money actually is: synchronisation deals for television and film, live performance, direct sales to the people who already like you, and your publishing. A song with fifty thousand streams has earned perhaps two hundred dollars from Spotify and has simultaneously become a genuinely useful thing to put in front of a music supervisor.
Budget as though streaming pays nothing, because at the scale most of us operate at, it very nearly does. Then let anything it does pay be a surprise instead of a plan.
The part that costs nothing and is still worth money
Whatever your streams do earn, a portion of it is only collected if you have registered in the right places. The performance share needs a PRO. The mechanical share needs the MLC. The digital performance royalty on the recording needs SoundExchange. None of those charge a songwriter to sign up, and all of them are sitting on money nobody has claimed.
Getting your name into those three databases will, for most artists, move more money than any amount of arguing about the per-stream rate.
Treat streams as proof of listening rather than as a wage, and the whole business stops being disappointing and starts being useful.
Three pages on this site that carry it further: the royalties already sitting unclaimed, the sync route, where the real money is, and every place your name needs to be.
Ask the Follow-Up Question
This raises more questions than it settles — about your own catalogue, your own numbers, your own situation. The assistant on this site answers music-business questions without charging you or selling you anything.
