Spotify Technology Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 2, 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	71,328	72,214	28,788	12,655	33,107	43,694
Market Cap Growth	-11.37%	150.85%	127.48%	-61.78%	-24.23%	116.09%
Enterprise Value	66,842	68,891	27,391	11,187	31,935	42,750
Last Close Price	330.14	357.91	149.26	64.62	173.87	252.45
PE Ratio	58.16	76.73	-	-	-	-
PS Ratio	4.84	5.57	2.50	1.22	4.08	6.19
PB Ratio	10.50	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	12.24	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	28.03	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	27.61	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	4.62	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	37.51	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	38.68	59.17	-	-	404.49	-
EV/FCF Ratio	26.27	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	1.72%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	3.57%	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.