Spotify Technology Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 29, 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	86,791	87,323	33,174	14,267	39,419	48,768
Market Cap Growth	-9.94%	163.23%	132.52%	-63.81%	-19.17%	104.37%
Enterprise Value	81,620	83,305	31,564	12,613	38,022	47,715
Last Close Price	419.65	435.00	172.60	73.00	205.70	259.60
PE Ratio	61.77	76.73	-	-	-	-
PS Ratio	5.14	5.57	2.50	1.22	4.08	6.19
PB Ratio	11.16	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	13.00	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	29.77	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	29.32	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	4.89	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	39.73	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	40.98	59.17	-	-	404.49	-
EV/FCF Ratio	28.00	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	1.62%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	3.36%	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.