Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

465.66

-2.17 (-0.46%)

At close: Feb 24, 2026, 4:00 PM EST

465.00

-0.66 (-0.14%)

After-hours: Feb 24, 2026, 4:37 PM EST

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	Feb '26 Feb 24, 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 Capitalization	95,848	119,675	90,406	36,669	15,248	44,829
Market Cap Growth	-24.87%	32.38%	146.55%	140.49%	-65.99%	-24.85%
Enterprise Value	89,433	113,531	86,246	34,889	13,480	43,242
Last Close Price	467.83	580.71	447.38	187.91	78.95	234.03
PE Ratio	37.74	46.08	76.73	-	-	-
Forward PE	30.51	44.52	52.59	114.59	-	-
PS Ratio	4.77	5.93	5.57	2.50	1.22	4.08
PB Ratio	9.85	12.24	15.81	13.15	5.94	18.60
P/TBV Ratio	11.35	14.12	20.38	25.23	12.68	33.78
P/FCF Ratio	28.42	35.49	38.23	49.22	679.39	142.82
P/OCF Ratio	27.93	34.75	37.95	48.79	310.16	109.19
EV/Sales Ratio	4.43	5.63	5.32	2.38	1.08	3.93
EV/EBITDA Ratio	33.79	42.90	57.53	-	-	172.05
EV/EBIT Ratio	34.65	43.99	60.41	-	-	404.49
EV/FCF Ratio	26.42	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	2.70%	2.17%	1.30%	-1.60%	-3.01%	-0.09%
FCF Yield	3.52%	2.82%	2.62%	2.03%	0.15%	0.70%
Buyback Yield / Dilution	-1.70%	-1.70%	-6.30%	0.57%	-0.98%	-3.39%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q