Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

593.44

+36.20 (6.50%)

At close: Oct 30, 2026, 4:00 PM EDT

594.00

+0.56 (0.09%)

After-hours: Oct 30, 2026, 7:58 PM EDT

Spotify Technology Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 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	121,967	119,675	90,406	36,669	15,248	44,829
Market Cap Growth	-10.96%	32.38%	146.55%	140.49%	-65.99%	-24.85%
Enterprise Value	114,437	113,531	86,246	34,889	13,480	43,242
Last Close Price	593.44	580.71	447.38	187.91	78.95	234.03

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 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
PE Ratio	36.96	46.08	76.73	-	-	-
Forward PE	37.08	44.52	52.59	114.59	-	-
PS Ratio	5.71	5.93	5.57	2.50	1.22	4.08
PB Ratio	12.29	12.24	15.81	13.15	5.94	18.60
P/TBV Ratio	14.13	14.12	20.38	25.23	12.68	33.78
P/FCF Ratio	34.09	35.49	38.23	49.22	679.39	142.82
P/OCF Ratio	33.53	34.75	37.95	48.79	310.16	109.19
PEG Ratio	1.41	1.42	1.42	0.27	-	-

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 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
EV/Sales Ratio	5.36	5.63	5.32	2.38	1.08	3.93
EV/EBITDA Ratio	36.42	42.90	57.53	-	-	172.05
EV/EBIT Ratio	36.74	43.99	60.41	-	-	404.49
EV/FCF Ratio	31.98	33.67	36.47	46.83	600.61	137.76

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 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
Debt / Equity Ratio	0.05	0.24	0.38	0.70	0.73	0.86
Debt / EBITDA Ratio	0.16	0.85	1.39	-	-	8.26
Debt / FCF Ratio	0.14	0.68	0.91	2.61	82.91	6.61
Net Debt / Equity Ratio	-0.76	-0.69	-0.85	-0.88	-0.67	-0.76
Net Debt / EBITDA Ratio	-2.40	-2.56	-3.23	53.95	3.30	-7.28
Net Debt / FCF Ratio	-2.08	-2.01	-2.05	-3.28	-76.62	-5.83
Asset Turnover	1.30	1.27	1.54	1.66	1.58	1.43
Quick Ratio	1.55	1.42	1.70	1.19	1.15	1.26
Current Ratio	2.13	1.73	1.88	1.29	1.24	1.36
Return on Equity (ROE)	35.81%	31.93%	28.28%	-21.61%	-19.03%	-1.38%
Return on Assets (ROA)	11.82%	10.17%	8.47%	-1.56%	-5.56%	0.87%
Return on Invested Capital (ROIC)	120.64%	127.96%	201.94%	-36.08%	-101.15%	-1.05%
Return on Capital Employed (ROCE)	29.80%	24.60%	18.30%	-4.70%	-16.00%	2.40%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 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
Earnings Yield	2.71%	2.17%	1.30%	-1.60%	-3.01%	-0.09%
FCF Yield	2.93%	2.82%	2.62%	2.03%	0.15%	0.70%
Buyback Yield / Dilution	0.58%	-1.70%	-6.30%	0.57%	-0.98%	-3.39%

SEC Filings: 10-K · 10-Q