Spotify Technology S.A. (BIT:1SPOT)

Spotify Technology Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	82,333	101,927	87,323	33,174	14,267	39,419
Market Cap Growth	-16.75%	16.72%	163.23%	132.52%	-63.81%	-19.17%
Enterprise Value	77,171	96,695	83,305	31,564	12,613	38,022
Last Close Price	409.30	492.95	432.40	171.20	73.09	205.80
PE Ratio	58.60	46.08	76.73	-	-	-
PS Ratio	4.87	5.93	5.57	2.50	1.22	4.08
PB Ratio	10.58	12.24	15.81	13.15	5.94	18.60
P/TBV Ratio	12.33	14.12	20.38	25.23	12.68	33.78
P/FCF Ratio	28.24	35.49	38.23	49.22	679.39	142.82
P/OCF Ratio	27.82	34.75	37.95	48.79	310.16	109.19
EV/Sales Ratio	4.63	5.63	5.32	2.38	1.08	3.93
EV/EBITDA Ratio	37.63	42.90	57.53	-	-	172.05
EV/EBIT Ratio	38.81	43.99	60.41	-	-	404.49
EV/FCF Ratio	26.47	33.67	36.47	46.83	600.61	137.76
Debt / Equity Ratio	0.24	0.24	0.38	0.70	0.73	0.86
Debt / EBITDA Ratio	0.85	0.85	1.39	-	-	8.26
Debt / FCF Ratio	0.68	0.68	0.91	2.61	82.91	6.61
Net Debt / Equity Ratio	-0.69	-0.69	-0.85	-0.88	-0.67	-0.76
Net Debt / EBITDA Ratio	-2.56	-2.56	-3.23	53.95	3.30	-7.28
Net Debt / FCF Ratio	-2.01	-2.01	-2.05	-3.28	-76.62	-5.83
Asset Turnover	1.27	1.27	1.54	1.66	1.58	1.43
Quick Ratio	1.42	1.42	1.70	1.19	1.15	1.26
Current Ratio	1.73	1.73	1.88	1.29	1.24	1.36
Return on Equity (ROE)	31.93%	31.93%	28.28%	-21.61%	-19.03%	-1.38%
Return on Assets (ROA)	10.17%	10.17%	8.47%	-1.56%	-5.56%	0.87%
Return on Invested Capital (ROIC)	85.53%	127.96%	201.94%	-36.08%	-101.15%	-1.05%
Return on Capital Employed (ROCE)	24.60%	24.60%	18.30%	-4.70%	-16.00%	2.40%
Earnings Yield	1.71%	2.17%	1.30%	-1.60%	-3.01%	-0.09%
FCF Yield	3.54%	2.82%	2.62%	2.03%	0.15%	0.70%
Buyback Yield / Dilution	-3.39%	-1.70%	-6.30%	0.57%	-0.98%	-3.39%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.