Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

525.23

+1.23 (0.23%)

At close: Mar 17, 2026, 4:00 PM EDT

526.00

+0.77 (0.15%)

After-hours: Mar 17, 2026, 4:37 PM EDT

Spotify Technology Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	108,109	119,529	91,196	37,045	15,261	44,969
Market Cap Growth	-13.14%	31.07%	146.18%	142.75%	-66.06%	-24.87%
Enterprise Value	102,555	111,953	85,749	34,527	13,594	43,250
Last Close Price	525.23	580.71	447.38	187.91	78.95	234.03
PE Ratio	42.46	47.09	78.17	-62.26	-32.86	-1143.33
Forward PE	35.08	44.52	52.59	114.59	-	-
PEG Ratio	1.59	-	-	-	-	-
PS Ratio	5.42	6.96	5.82	2.80	1.30	4.65
PB Ratio	11.03	14.35	16.51	14.68	6.36	21.22
P/TBV Ratio	13.28	14.68	16.76	14.50	6.38	21.26
P/FCF Ratio	33.00	41.62	39.93	54.96	726.69	162.93
P/OCF Ratio	31.74	40.75	39.63	54.48	331.75	124.57
EV/Sales Ratio	5.08	6.51	5.47	2.61	1.16	4.47
EV/EBITDA Ratio	38.75	48.68	57.70	-119.89	-27.86	195.70
EV/EBIT Ratio	39.74	50.93	62.82	-77.42	-20.63	460.11
EV/FCF Ratio	30.96	38.98	37.54	51.23	647.31	156.70
Debt / Equity Ratio	0.23	0.23	0.36	0.67	0.70	0.84
Debt / EBITDA Ratio	0.82	0.82	1.35	-5.89	-3.45	8.06
Debt / FCF Ratio	0.66	0.66	0.88	2.52	80.14	6.45
Net Debt / Equity Ratio	-0.91	-0.91	-0.99	-1.00	-0.69	-0.81
Net Debt / EBITDA Ratio	-3.29	-3.29	-3.67	8.74	3.42	-7.78
Net Debt / FCF Ratio	-2.64	-2.64	-2.38	-3.74	-79.38	-6.23
Asset Turnover	1.27	1.27	1.54	1.66	1.58	1.43
Quick Ratio	1.71	1.71	1.85	1.24	1.15	1.28
Current Ratio	1.72	1.72	1.88	1.29	1.24	1.36
Return on Equity (ROE)	28.51%	31.93%	28.28%	-21.61%	-19.03%	-1.38%
Return on Assets (ROA)	14.45%	16.18%	11.38%	-5.88%	-10.35%	-0.19%
Return on Invested Capital (ROIC)	148.27%	166.06%	146.44%	-45.57%	-64.25%	-0.80%
Return on Capital Employed (ROCE)	26.67%	26.67%	23.11%	-10.65%	-16.34%	2.55%
Earnings Yield	2.38%	2.12%	1.28%	-1.61%	-3.04%	-0.09%
FCF Yield	3.03%	2.40%	2.50%	1.82%	0.14%	0.61%
Buyback Yield / Dilution	0.30%	0.26%	-0.88%	-0.80%	-0.01%	-0.12%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q