Spotify Technology S.A. (SPOT)

NYSE: SPOT · USD

$539

-16.72 (-3.0%)· Recorded snapshot

Market cap	110.7B
Revenue (ttm)	21.4B
Net income (ttm)	3.4B
EPS (ttm)	$16.1
Shares out	205.5M
P/E (trailing)	33.6x
P/E (forward)	33.6x
Volume	1,234,259
Beta	1.61

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 21.4B
Net income (ttm): 3.4B
EPS (ttm): $16.1
P/E (trailing): 33.6x
P/E (forward): 33.6x
Market cap: 110.7B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
APP	AppLovin Corporation	87B	20.0x	12.7x	132.7%	+25.8%	-59.6%	보유
BIDU	Baidu, Inc.	27.1B	—	1.4x	3.4%	+1.5%	-38.7%	매수
CHTR	Charter Communications, Inc.	17.2B	2.7x	0.3x	8.5%	+1.7%	-57.3%	적극 매수

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E33.6

P25 n/aP50 n/aP75 n/a

Trailing P/E33.6

P25 n/aP50 n/aP75 n/a

ROE35.8

P25 n/aP50 n/aP75 n/a

ROIC120.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SPOT indicators

Market & fundamental data

Available fields

255

Groups with data

Currency

EUR

Showing 255 of 255 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001639920
Company name	Spotify Technology S.A.
Country	Sweden
Country code	US
CUSIP number	L8681T102
Earnings date	2026-10-22
Earnings time	bmo
Employees	7,323
Employees change	-368
Employees growth	-4.78%
Enterprise value	$103.2B
Exchange	NYSE
Financial currency	EUR
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	2006
Industry	Internet Content & Information
IPO date	2018-04-03
Is primary listing	Yes
Is SPAC	No
ISIN number	LU1778762911
Last 10-K release date	2026-02-10
Last earnings date	2026-10-22
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$110.7B
Market cap category	Large-Cap
Next earnings date	2027-02-09
Options	Yes
Price	$538.72
Price currency	USD
Sector	Communication Services
SIC code	4832
Stock price date	2026-10-28
Symbol	SPOT
Website	https://www.spotify.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	37.25x
Average P/E ratio (3Y)	77.18x
Earnings yield	2.98%
EV/Earnings	31.1x
EV/EBIT	33.54x
EV/EBITDA	33.25x
EV/FCF	29.37x
EV/Sales	4.89x
FCF / EV yield	3.41%
FCF yield	3.18%
Forward EV/Sales	4.33x
Forward P/E	33.61x
Forward P/S	4.65x
Graham number	132.09009
Graham upside	-75.76%
Industry forward P/E	21.76x
Industry P/E	18.04x
P/(FCF - SBC) ratio	34.58x
P/(OCF - SBC) ratio	33.96x
P/B ratio	11.5x
P/E ratio	33.55x
P/FCF ratio	31.48x
P/OCF ratio	30.97x
P/S ratio	5.24x
PEG ratio	1.32x
Price / tangible book value	12.97x
Price/EBITDA ratio	35.64x
Sector forward P/E	18.4x
Sector P/E	19.11x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.58%
EBITDA margin	14.71%
Effective tax rate	12.56%
FCF margin	16.99%
Gross margin	33.12%
Operating margin	14.58%
Pretax margin	17.99%
Profit margin	15.73%
Profit per employee	$458,702
Profitable quarters	5
Profitable years	2
Revenue per employee	$2.9M
ROA	11.82%
ROA (5Y)	2.48%
ROCE	29.84%
ROE	35.81%
ROE (5Y)	3.64%
ROIC	120.64%
ROIC (5Y)	38.32%
SBC / revenue	1.52%
Tax / revenue	2.26%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	111.58%
EPS growth (Q)	-24.47%
EPS growth (QoQ)	-4.98%
EPS growth years	3
FCF growth	9.61%
FCF growth (Q)	-8.93%
FCF growth (QoQ)	-7.79%
FCF growth 3Y	150.61%
FCF growth 5Y	67.13%
Gross profit growth	15.8%
Gross profit growth (Q)	21.32%
Gross profit growth 3Y	24.04%
Gross profit growth 5Y	20.48%
Net income growth	110.53%
Net income growth (Q)	-42.38%
Net income growth (QoQ)	-4.95%
Net income growth years	2
OCF growth	9.73%
OCF growth (Q)	-10.74%
OCF growth (QoQ)	-9.31%
OCF growth 3Y	147.98%
OCF growth 5Y	56.23%
Operating income growth	37.98%
Operating income growth (Q)	15.46%
Operating income growth 5Y	127.51%
Revenue growth	11.32%
Revenue growth (Q)	16.32%
Revenue growth (QoQ)	4.02%
Revenue growth 3Y	13.86%
Revenue growth 5Y	15.51%
Revenue growth quarters	35
Revenue growth years	10

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-59M
Depreciation and amortization	$26.7M
EBIT	$3.1B
EBITDA	$3.1B
EPS	$16.06
FCF per share	$17.31
Financing cash flow	$-2.9B
Free cash flow	$3.6B
Free cash flow minus SBC	$3.2B
Gross profit	$7.1B
Income taxes	$482.6M
Investing cash flow	$-214.6M
Net borrowing	$-1.5B
Net cash flow	$654.1M
Net income	$3.4B
Operating cash flow minus SBC	$3.3B
Operating income	$3.1B
Revenue	$21.4B
Stock-based compensation	$324.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	12.62
Book value per share	$48.30
Debt / EBITDA	0.16
Debt / equity	0.05
Debt / FCF	0.14
Goodwill	$1.2B
Interest coverage	101.59
Long-term assets	$4.1B
Long-term liabilities	$625.3M
Net cash (debt)	$7.5B
Net cash / market cap	6.72%
Net cash growth	26.64%
Net debt / EBITDA	-2.4
Net debt / equity	-0.76
Net debt / FCF	-2.12
Piotroski F-Score	6
Property, plant and equipment	$454.3M
Shareholders' equity	$9.9B
Tangible book value	$8.6B
Tangible book value per share	$42.00
Total assets	$16.3B
Total cash	$8B
Total debt	$513.3M
Total liabilities	$6.3B
WACC	13.09%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.3
Current assets	$12.1B
Current liabilities	$5.7B
Current ratio	2.13
Net working capital	$-1.4B
Quick ratio	1.55
Working capital	$6.6B
Working capital turnover	4.45

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.58%
Dividend yield	0%
Shareholder yield	0.58%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$497.29
1D price change	-3.01%
1M price change	5.32%
1M total return	5.32%
1W price change	2.1%
1W total return	2.1%
1Y price change	-18.34%
1Y return CAGR	-18.36%
1Y total return	-18.34%
20-day SMA	$527.55
200-day SMA	$496.82
3M price change	8.57%
3M total return	8.57%
3Y price change	237.08%
3Y return CAGR	49.92%
3Y total return	237.08%
50-day SMA	$528.88
50-day SMA vs 200-day SMA	50over200
52-week high	$673.16
52-week high date	2025-10-29
52-week low	$405.00
52-week low date	2026-02-05
5Y price change	96.66%
5Y return CAGR	14.49%
5Y total return	96.66%
6M price change	8.33%
6M total return	8.33%
All-time high	$785.00
All-time high date	2025-06-27
All-time low	$69.29
All-time low date	2022-11-04
Average true range (ATR)	$20.88
Average volume	1.7M
Beta (1Y)	0.62
Beta (2Y)	0.9
Beta (5Y)	1.61
Change from 52-week high	-19.97%
Change from 52-week low	33.02%
Change from all-time high	-31.58%
Change from all-time low	675.25%
Change from open	-1.2%
Day's gap	-1.83%
Dollar volume	$664.9M
High price	$555.32
Low price	$537.11
Monthly RSI	53.81
Open price	$545.27
Position in 52-week range	8.84%
Premarket change	-1.7%
Premarket close	$555.45
Premarket price	$546.00
Premarket volume	4.9K
Previous close	$555.45
Price vs 150-day SMA	8.01%
Price vs 20-day SMA	1.82%
Price vs 200-day SMA	8.11%
Price vs 50-day SMA	1.56%
Relative volume	0.71
RSI	51.48
Sharpe ratio	-0.29
Sharpe ratio (3Y)	1.09
Sharpe ratio (5Y)	0.47
Sortino ratio	-0.31
Sortino ratio (3Y)	1.87
Sortino ratio (5Y)	0.82
Volume	1.2M
Weekly RSI	52.76
YTD price change	-7.5%
YTD total return	-7.5%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	157M
Float percentage	76.41%
Shares change (QoQ)	-0.13%
Shares change (YoY)	-0.58%
Shares held by insiders	15.42%
Shares held by institutions	67.76%
Shares outstanding	205.5M
Short % of float	2.71%
Short % of shares	2.07%
Short ratio	3 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	191

Deeper analysis on SPOT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this SPOT report

Is a complete SPOT research report available?

No complete published report is available for Spotify Technology S.A. (SPOT) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Spotify Technology S.A. (SPOT)

Price

Financial snapshot

Fair-value bridge

Latest news · SPOT

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SPOT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SPOT

Frequently asked questions