Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

529.14

+2.72 (0.52%)

At close: Oct 9, 2026, 4:00 PM EDT

529.00

-0.14 (-0.03%)

After-hours: Oct 9, 2026, 7:54 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 9, 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	108,783	119,675	90,406	36,669	15,248	44,829
Market Cap Growth	-21.65%	32.38%	146.55%	140.49%	-65.99%	-24.85%
Enterprise Value	101,335	113,531	86,246	34,889	13,480	43,242
Last Close Price	529.14	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 9, 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	29.09	46.08	76.73	-	-	-
Forward PE	34.82	44.52	52.59	114.59	-	-
PS Ratio	5.26	5.93	5.57	2.50	1.22	4.08
PB Ratio	11.36	12.24	15.81	13.15	5.94	18.60
P/TBV Ratio	13.13	14.12	20.38	25.23	12.68	33.78
P/FCF Ratio	29.69	35.49	38.23	49.22	679.39	142.82
P/OCF Ratio	29.07	34.75	37.95	48.79	310.16	109.19
PEG Ratio	1.24	1.42	1.42	0.27	-	-

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 9, 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	4.90	5.63	5.32	2.38	1.08	3.93
EV/EBITDA Ratio	33.06	42.90	57.53	-	-	172.05
EV/EBIT Ratio	33.43	43.99	60.41	-	-	404.49
EV/FCF Ratio	27.66	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 9, 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	0.06	0.24	0.38	0.70	0.73	0.86
Debt / EBITDA Ratio	0.17	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	-0.78	-0.69	-0.85	-0.88	-0.67	-0.76
Net Debt / EBITDA Ratio	-2.43	-2.56	-3.23	53.95	3.30	-7.28
Net Debt / FCF Ratio	-1.99	-2.01	-2.05	-3.28	-76.62	-5.83
Asset Turnover	1.33	1.27	1.54	1.66	1.58	1.43
Quick Ratio	1.60	1.42	1.70	1.19	1.15	1.26
Current Ratio	2.11	1.73	1.88	1.29	1.24	1.36
Return on Equity (ROE)	44.48%	31.93%	28.28%	-21.61%	-19.03%	-1.38%
Return on Assets (ROA)	12.19%	10.17%	8.47%	-1.56%	-5.56%	0.87%
Return on Invested Capital (ROIC)	124.53%	127.96%	201.94%	-36.08%	-101.15%	-1.05%
Return on Capital Employed (ROCE)	30.00%	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 9, 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	3.51%	2.17%	1.30%	-1.60%	-3.01%	-0.09%
FCF Yield	3.37%	2.82%	2.62%	2.03%	0.15%	0.70%
Buyback Yield / Dilution	-0.07%	-1.70%	-6.30%	0.57%	-0.98%	-3.39%

SEC Filings: 10-K · 10-Q