Spotify Technology S.A. (SPOT)
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
- Symbol
- SPOT
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Internet Content & Information
- 52 week range
- 405 - 721.67
Valuation
- Share price
- $491.36 (close of 2026-10-01)
- P/E (TTM)
- 40.56x
- Price to book
- 10.80x
- Price to free cash flow
- 31.31x
Price performance
| Period | Change |
|---|---|
| 1 day | +0.82% |
| 5 days | -3.91% |
| 1 month | -9.70% |
| 3 months | +4.00% |
| 6 months | +4.54% |
| Year to date | -15.39% |
| 1 year | -29.87% |
| 3 years | +217.75% |
| 5 years | +114.24% |
| All time | +229.76% |
Members of Congress who disclosed SPOT trades
Gilbert Ray Cisneros · Bruce Westerman · Jefferson Shreve · Josh Gottheimer · Val Hoyle · Alan Armstrong · Robert Bresnahan
Super investors holding SPOT
Philippe Laffont (Coatue Management) · Chase Coleman (Tiger Global Management) · Josh Tarasoff (Greenlea Lane Capital) · William Von Mueffling (Cantillon Capital Management LLC)
Profitability and growth
- Return on equity
- 26.56%
- Return on invested capital
- 43.49%
- Return on assets
- 14.73%
- Return on capital employed
- 24.61%
- Gross margin
- 31.98%
- Net margin
- 12.87%
- EBITDA margin
- 12.79%
- Revenue growth
- 9.65%
- Net income growth
- 94.38%
- Free cash flow growth
- 25.74%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.19%
- Current ratio
- 1.72x
- Net debt to EBITDA
- -1.40x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Shares outstanding
- 205.41M
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 31.98% | 12.87% | 26.56% | 43.49% |
| 2024-12-31 | 30.14% | 7.26% | 20.60% | 41.21% |
| 2023-12-31 | 25.64% | -4.02% | -21.09% | -40.36% |
| 2022-12-31 | 24.95% | -3.67% | -17.91% | -41.16% |
| 2021-12-31 | 26.80% | -0.35% | -1.60% | 3.92% |
| 2020-12-31 | 25.57% | -7.37% | -20.71% | -7.29% |
| 2019-12-31 | 25.46% | -2.75% | -9.13% | -4.56% |
| 2018-12-31 | 25.73% | -1.48% | -3.72% | -1.76% |
| 2017-12-31 | 20.76% | -30.20% | -518.91% | - |
| 2016-12-31 | 13.58% | -18.26% | 224.58% | - |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-22
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-04 | Jun/2026 | - |
| 2026-04-28 | - | - |
| 2026-02-10 | - | - |
| 2025-11-04 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-02-04 | - | - |
| 2024-11-12 | - | - |
Filings and sources
- Company website
- spotify.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Communication Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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