Spotify Technology S.A. (SPOT)

Spotify Technology Ratios and Metrics

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

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	Jun 29, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Market Cap	95,056	99,809	119,529	143,634	157,902	112,120	91,196	72,654	61,950	52,026	37,044	30,176	31,173	25,945	15,260	16,646	18,099	29,129	44,968	43,120
Market Cap Growth	-39.80%	-10.98%	31.07%	97.69%	154.89%	115.51%	146.18%	140.77%	98.73%	100.52%	142.75%	81.28%	72.23%	-10.93%	-66.06%	-61.40%	-65.68%	-43.08%	-24.87%	-6.24%
Enterprise Value	88,349	90,165	110,640	135,563	150,875	105,833	85,528	67,872	58,082	48,887	34,261	28,073	29,287	24,058	13,472	14,821	16,162	27,132	43,014	41,407
Last Close Price	462.29	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	31.11	39.00	47.09	104.53	168.66	90.63	78.17	97.62	128.95	-	-	-	-	-	-	-	-	-	-	-
Forward PE	31.40	32.32	44.52	58.89	66.65	49.63	52.59	45.96	54.82	71.02	114.59	-	-	-	-	-	-	-	-	-
PS Ratio	4.70	4.92	5.93	7.24	8.06	6.39	5.59	4.32	3.99	3.48	2.53	2.24	2.30	1.97	1.21	1.51	1.61	2.58	4.09	4.07
PB Ratio	10.29	10.76	12.23	15.73	20.22	16.59	15.86	14.08	13.55	14.57	13.28	13.33	13.90	10.19	5.93	7.60	7.51	12.25	18.66	17.60
P/TBV Ratio	14.15	14.77	17.13	22.38	28.58	22.91	21.87	22.17	21.42	25.93	28.29	35.56	38.97	24.13	13.79	20.65	17.27	28.08	39.58	37.89
P/FCF Ratio	26.26	36.94	35.47	41.99	47.51	39.69	38.37	36.18	44.32	58.57	49.72	140.41	1019.85	467.97	677.45	85.31	65.93	100.42	143.28	152.06
P/OCF Ratio	25.52	36.02	34.73	41.35	47.07	39.42	38.09	35.95	44.02	57.94	49.28	133.82	679.90	350.98	309.27	72.24	54.32	79.01	109.54	106.75
EV/Sales Ratio	4.37	4.44	5.49	6.84	7.71	6.03	5.24	4.04	3.74	3.27	2.34	2.08	2.16	1.83	1.07	1.34	1.44	2.41	3.91	3.91
EV/EBITDA Ratio	31.33	31.10	41.00	55.51	65.34	53.66	55.31	64.98	103.65	1969.46	-	-	-	-	-	-	1402.32	117.81	171.16	230.81
EV/EBIT Ratio	31.87	32.40	42.90	58.52	69.34	57.34	60.22	74.97	138.38	-	-	-	-	-	-	-	-	331.15	402.40	1117.97
EV/FCF Ratio	24.40	33.37	32.83	39.63	45.39	37.47	35.99	33.80	41.56	55.04	45.98	130.63	958.17	433.94	598.07	75.96	58.88	93.53	137.05	146.02
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	-	25.43	-	-	-	-	-	55.90	68.50	16.27
Debt / FCF Ratio	0.18	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	-	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	-3.57	-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)	10.28%	10.28%	14.38%	11.05%	-12.75%	6.72%	8.61%	8.73%	6.64%	4.79%	-1.05%	0.80%	-8.83%	-4.84%	-5.91%	-7.44%	-6.99%	-0.13%	-0.87%	0.03%
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	3.28%	2.56%	2.12%	0.96%	0.59%	1.10%	1.28%	1.02%	0.78%	-	-	-	-	-	-	-	-	-	-	-
FCF Yield	3.81%	2.71%	2.82%	2.38%	2.10%	2.52%	2.61%	2.76%	2.26%	1.71%	2.01%	0.71%	0.10%	0.21%	0.15%	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%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Apr 28, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jun 25, 2026

Data Sources Report a data error