SPOT logo
SPOT NYSE LU

Spotify Technology S.A. Ordinary Shares

Communication Services · Media Website · IPO Apr 2018
$475.99
▼ $-10.63 (-2.18%)
Vol 1.6M
Mkt Cap
$98.0B
P/E
37.8
ROE
30.5%
Margin
12.9%
Beta
1.73
52W
$405–$785

Wall Street Consensus

47 analysts · Apr 2026
13
Strong Buy
26
Buy
8
Hold
0
Sell
0
Strong Sell
83.0%
Buy Rating

Price Chart

Earnings

Beat rate: 50.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $2.79 $4.43 +$1.64
Sep 2025 $2.01 $3.28 +$1.27
Jun 2025 $1.94 $-0.42 $-2.36
Mar 2025 $2.24 $1.07 $-1.17

Quarterly Revenue & Earnings

Quarter 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $4.2B $4.2B $4.2B $4.3B $4.5B
Net Income $367.0M $225.0M -$86.0M $899.0M $1.2B

Key Ratios

ROA (TTM)
15.8%
P/S (TTM)
4.86
P/B
12.2
EPS (TTM)
$10.44
CF/Share
$-3.13
Rev Growth 3Y
+13.6%
52W High
$785.00
52W Low
$405.00
$405.00 52-Week Range $785.00

Financial Health

Free Cash Flow
$834.0M
Net Debt
-$3.3B
Cash
$5.3B
Total Debt
$2.0B
As of Dec 31, 2025

How does SPOT compare to Media peers?

Peer group: Top 25% · Media (Top 25%) · 58 companies

SPOT valuation vs Media peers

P/E ratio
37.8
24% above peers (30.4)
vs Peers
vs Industry
Pricier
P/S ratio
4.9
55% above peers (3.1)
vs Peers
vs Industry
Pricier
P/B ratio
12.2
212% above peers (3.9)
vs Peers
vs Industry
Overvalued
Div yield
0% below peers (1.5%)
vs Peers
vs Industry
In line

SPOT profitability vs Media peers

ROE
30.5%
180% above peers (10.9%)
vs Peers
vs Industry
Top tier
Net margin
12.9%
73% above peers (7.4%)
vs Peers
vs Industry
Top tier
Gross margin
32.0%
42% below peers (55.0%)
vs Peers
vs Industry
Weak
ROA
15.8%
389% above peers (3.2%)
vs Peers
vs Industry
Top tier

SPOT financial health vs Media peers

D/E ratio
0% below peers (48.3)
vs Peers
vs Industry
High debt
Current ratio
1.7
33% above peers (1.3)
vs Peers
vs Industry
Below avg
Beta
1.7
75% above peers (1.0)
vs Peers
vs Industry
More volatile

SPOT fundamentals radar

SPOT Peer median Industry

SPOT profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

SPOT vs peers: key metrics

Insider Activity

Bearish
Buys
0
Sells
2
$12471436
NORSTROM ALEX
Chief Executive Officer · Apr 01
sale
5436 shs
NORSTROM ALEX
Chief Executive Officer · Apr 01
conversion of exercise of derivative security
5436 shs
SODERSTROM GUSTAV STIG VICTOR
Chief Executive Officer · Apr 01
sale
20833 shs
SODERSTROM GUSTAV STIG VICTOR
Chief Executive Officer · Apr 01
conversion of exercise of derivative security
20833 shs
Last 90 days

Top Holders

Top 5: 17.06%
Blackrock Inc.
5.63%
$5.5B
BAILLIE GIFFORD & CO
4.05%
$4.0B
Morgan Stanley
3.21%
$3.1B
State Street Corporation
2.29%
$2.2B
Price (T.Rowe) Associates I…
1.88%
$1.8B
As of Dec 31, 2025