Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
434.20
-61.62 (-12.43%)
At close: Apr 28, 2026, 4:00 PM EDT
435.02
+0.82 (0.19%)
Pre-market: Apr 29, 2026, 8:41 AM EDT
Spotify Technology Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Current | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 28, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 89,372 | 99,706 | 119,529 | 143,847 | 157,349 | 112,786 | 90,406 | 74,473 | 63,101 | 52,530 | 36,668 | 30,176 | - | - | - | 16,668 | 18,110 | 29,129 | 44,828 | 43,164 | |
Market Cap Growth | -43.20% | -11.60% | 32.21% | 93.15% | 149.36% | 114.71% | 146.55% | 146.80% | - | - | - | 81.05% | - | - | - | -61.39% | -65.66% | -43.08% | -25.10% | -6.14% |
Enterprise Value | 79,766 | 90,062 | 108,930 | 133,734 | 148,048 | 104,711 | 84,738 | 69,691 | 59,233 | 49,392 | 33,884 | 28,073 | -1,885 | -1,887 | -1,788 | 14,843 | 16,173 | 27,132 | 42,874 | 41,451 |
Last Close Price | 434.20 | 484.91 | 580.71 | 698.00 | 767.34 | 550.03 | 447.38 | 368.54 | 314.24 | 263.90 | 187.91 | 154.64 | 160.55 | 133.62 | 78.95 | 86.30 | 93.84 | 151.02 | 234.03 | 225.34 |
PE Ratio | 29.22 | 39.00 | 59.20 | 104.53 | 168.66 | 90.63 | 78.03 | 97.62 | 128.95 | -400.85 | -62.04 | -38.64 | -28.84 | -27.94 | -24.29 | -47.84 | -71.08 | -227.33 | -194.15 | -128.93 |
Forward PE | 27.82 | 32.32 | 44.52 | 58.89 | 66.65 | 49.63 | 52.59 | 45.96 | 54.82 | 71.02 | 114.59 | - | - | - | - | - | - | - | - | - |
PS Ratio | 4.42 | 4.91 | 5.93 | 7.25 | 8.04 | 6.42 | 5.54 | 4.43 | 4.06 | 3.52 | 2.50 | 2.24 | 0 | 0 | 0 | 1.51 | 1.61 | 2.58 | 4.08 | 4.08 |
PB Ratio | 9.67 | 10.75 | 12.23 | 15.76 | 20.14 | 16.69 | 15.73 | 14.43 | 13.80 | 14.71 | 13.15 | 13.33 | 0 | 0 | 0 | 7.61 | 7.51 | 12.25 | 18.60 | 17.62 |
P/TBV Ratio | 11.40 | 12.67 | 14.82 | 19.18 | 23.79 | 18.51 | 16.93 | 16.50 | 15.21 | 16.25 | 14.60 | 14.32 | 15.20 | 11.04 | 6.35 | 7.58 | 7.99 | 13.86 | 21.22 | 20.71 |
P/FCF Ratio | 24.09 | 27.17 | 35.47 | 42.05 | 47.34 | 39.93 | 38.04 | 37.09 | 45.15 | 59.14 | 49.21 | 140.41 | 0 | 0 | 0 | 85.42 | 65.97 | 100.42 | 142.83 | 152.22 |
P/OCF Ratio | 24.00 | 26.67 | 34.73 | 41.41 | 46.91 | 39.66 | 37.76 | 36.85 | 44.84 | 58.50 | 48.78 | 133.82 | 0 | 0 | 0 | 72.34 | 54.36 | 79.01 | 109.20 | 106.86 |
EV/Sales Ratio | 3.95 | 4.44 | 5.40 | 6.74 | 7.56 | 5.96 | 5.20 | 4.14 | 3.81 | 3.31 | 2.31 | 2.08 | -0.14 | -0.14 | -0.14 | 1.35 | 1.44 | 2.41 | 3.90 | 3.92 |
EV/EBITDA Ratio | 28.13 | 31.06 | 40.37 | 54.76 | 64.12 | 53.09 | 54.80 | 66.72 | 105.70 | 1989.77 | -106.43 | -61.96 | 2.54 | 2.75 | 3.42 | -53.87 | 1403.28 | 117.81 | 170.60 | 231.06 |
EV/EBIT Ratio | 28.78 | 32.36 | 42.24 | 57.73 | 68.04 | 56.73 | 59.66 | 76.97 | 141.12 | -375.12 | -68.73 | -44.05 | 2.00 | 2.15 | 2.53 | -34.80 | -116.94 | 331.15 | 401.10 | 1119.18 |
EV/FCF Ratio | 21.50 | 24.54 | 32.33 | 39.09 | 44.54 | 37.07 | 35.65 | 34.71 | 42.38 | 55.61 | 45.48 | 130.63 | -61.68 | -34.04 | -79.38 | 76.07 | 58.92 | 93.53 | 136.60 | 146.18 |
Debt / Equity Ratio | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.36 | 0.39 | 0.42 | 0.53 | 0.67 | 0.81 | 0.82 | 0.73 | 0.70 | 0.81 | 0.75 | 0.81 | 0.84 | 0.83 |
Debt / EBITDA Ratio | 0.17 | 0.56 | 2.61 | 3.61 | 5.51 | 3.92 | 3.95 | 3.69 | 6.06 | 8.86 | -41.37 | 25.43 | -8.32 | -15.20 | -9.30 | -9.81 | -11.16 | 55.90 | 68.50 | 16.27 |
Debt / FCF Ratio | 0.13 | 0.50 | 2.27 | 2.71 | 3.41 | 3.94 | 2.28 | 2.51 | 3.66 | 8.56 | 4.28 | 8.23 | 153.54 | 29.86 | -22.44 | 51.57 | 50.56 | 64.19 | 17.29 | 17.93 |
Net Debt / Equity Ratio | -1.04 | -1.04 | -0.91 | -0.88 | -0.90 | -0.93 | -0.99 | -0.93 | -0.85 | -0.88 | -1.00 | -0.93 | -0.84 | -0.74 | -0.69 | -0.83 | -0.80 | -0.84 | -0.81 | -0.70 |
Net Debt / EBITDA Ratio | -3.33 | -11.24 | -10.43 | -11.35 | -13.80 | -10.84 | -10.74 | -8.87 | -12.17 | -14.61 | 61.42 | -29.21 | 8.51 | 15.50 | 9.21 | 10.11 | 12.01 | -58.19 | -66.11 | -13.70 |
Net Debt / FCF Ratio | -2.63 | -10.03 | -9.08 | -8.53 | -8.53 | -10.90 | -6.21 | -6.04 | -7.35 | -14.12 | -6.36 | -9.46 | -157.00 | -30.46 | 22.23 | -53.17 | -54.38 | -66.81 | -16.69 | -15.10 |
Asset Turnover | 0.35 | 0.35 | 0.34 | 0.34 | 0.36 | 0.39 | 0.42 | 0.44 | 0.44 | 0.44 | 0.46 | 0.44 | 0.43 | 0.42 | 0.43 | 0.42 | 0.39 | 0.35 | 0.40 | 0.39 |
Quick Ratio | 2.03 | 2.03 | 1.71 | 1.59 | 1.45 | 1.46 | 1.85 | 1.67 | 1.52 | 1.38 | 1.24 | 1.21 | 1.14 | 1.16 | 1.15 | 1.21 | 1.26 | 1.31 | 1.28 | 1.24 |
Current Ratio | 2.06 | 2.06 | 1.72 | 1.61 | 1.47 | 1.48 | 1.88 | 1.71 | 1.56 | 1.42 | 1.29 | 1.27 | 1.22 | 1.24 | 1.24 | 1.31 | 1.36 | 1.40 | 1.36 | 1.31 |
Return on Equity (ROE) | 10.11% | 10.11% | 16.95% | 14.49% | -1.58% | 4.71% | 9.12% | 8.86% | 8.68% | 6.97% | -2.84% | 2.97% | -13.87% | -10.02% | -11.95% | -7.63% | -5.00% | 4.86% | -1.58% | 0.09% |
Return on Assets (ROA) | 4.26% | 4.26% | 5.97% | 5.01% | -6.16% | 3.21% | 3.45% | 3.77% | 3.09% | 2.29% | -0.50% | 0.37% | -4.21% | -2.34% | -2.90% | -3.60% | -3.62% | -0.07% | -0.51% | 0.01% |
Return on Invested Capital (ROIC) | 57.91% | 57.91% | 61.23% | 41.77% | -49.45% | 29.50% | 44.35% | 35.32% | 22.65% | 16.23% | -3.89% | 3.13% | -31.05% | -15.92% | -17.98% | -23.61% | -17.61% | -0.29% | -2.11% | 0.06% |
Return on Capital Employed (ROCE) | 9.43% | 9.43% | 8.50% | 7.81% | 6.13% | 8.60% | 8.08% | 8.78% | 5.40% | 3.66% | -1.79% | 0.80% | -6.32% | -3.91% | -5.73% | -5.71% | -4.53% | -0.13% | -0.19% | 2.14% |
Earnings Yield | 3.49% | 2.56% | 1.69% | 0.96% | 0.59% | 1.10% | 1.28% | 1.02% | 0.78% | -0.25% | -1.61% | -2.59% | -3.47% | -3.58% | -4.12% | -2.09% | -1.41% | -0.44% | -0.52% | -0.78% |
FCF Yield | 4.15% | 3.68% | 2.82% | 2.38% | 2.11% | 2.50% | 2.63% | 2.70% | 2.22% | 1.69% | 2.03% | 0.71% | - | - | - | 1.17% | 1.52% | 1.00% | 0.70% | 0.66% |
Buyback Yield / Dilution | -0.80% | 0.46% | -1.66% | -3.08% | 0.34% | -3.18% | -6.62% | -4.74% | -6.02% | -5.28% | -1.45% | -1.03% | 0.74% | 1.78% | -0.56% | -0.74% | -0.92% | -2.74% | -1.21% | -2.91% |
Total Shareholder Return | -0.80% | 0.46% | -1.66% | -3.08% | 0.34% | -3.18% | -6.62% | -4.74% | -6.02% | -5.28% | -1.45% | -1.03% | 0.74% | 1.78% | -0.56% | -0.74% | -0.92% | -2.74% | -1.21% | -2.91% |
Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.