Spotify Technology Ratios and Metrics

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 5, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	454,582	559,152	177,927	80,608	249,776	309,801
Market Cap Growth	-24.21%	214.26%	120.73%	-67.73%	-19.38%	187.81%
Enterprise Value	422,517	533,422	169,294	71,261	240,929	303,112
Last Close Price	545.24	697.22	231.43	103.74	331.17	414.29
PE Ratio	51.74	76.73	-	-	-	-
PS Ratio	4.30	5.57	2.50	1.22	4.08	6.19
PB Ratio	9.35	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	10.89	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	24.94	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	24.56	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	4.08	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	33.17	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	34.21	59.17	-	-	404.49	-
EV/FCF Ratio	23.18	36.47	46.83	600.61	137.76	263.62
Debt / Equity Ratio	0.29	0.38	0.70	0.73	0.86	0.22
Debt / EBITDA Ratio	1.08	1.36	27.52	-	8.26	-
Debt / FCF Ratio	0.77	0.91	2.61	82.91	6.61	3.36
Asset Turnover	1.34	1.54	1.66	1.58	1.43	1.38
Quick Ratio	1.34	1.70	1.19	1.15	1.26	0.67
Current Ratio	1.61	1.88	1.29	1.24	1.36	0.82
Return on Equity (ROE)	22.64%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%
Return on Assets (ROA)	9.99%	8.65%	-0.64%	-5.56%	0.87%	-3.20%
Return on Invested Capital (ROIC)	69.83%	206.19%	-14.87%	-101.15%	-1.05%	-19.53%
Return on Capital Employed (ROCE)	23.90%	18.60%	-1.90%	-16.00%	2.40%	-8.60%
Earnings Yield	1.93%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	4.01%	2.62%	2.03%	0.15%	0.70%	0.37%
Buyback Yield / Dilution	-3.39%	-6.30%	0.57%	-0.98%	-3.39%	-3.66%

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