Spotify Technology S.A.

As of June 30, 2026, Spotify Technology SA carries a market capitalization of 82.75B, placing it among publicly traded companies globally. Its enterprise value stands at 73.83B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Spotify Technology SA's next confirmed earnings release is scheduled for February 9, 2027.

As of June 30, 2026, Spotify Technology SA has 205.58M shares outstanding.

As of June 30, 2026, Spotify Technology SA trades at a trailing price-to-earnings ratio of 24.81. The price-to-sales ratio is 4.57, and the price-to-book ratio stands at 9.87.

As of June 30, 2026, Spotify Technology SA trades at an EV/EBITDA multiple of 26.78 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 4.08 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 27.83 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Spotify Technology SA trades at an EV/FCF ratio of 22.40, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 73.83B versus a market cap of 82.75B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Spotify Technology SA maintains a current ratio of 2.11, meaning it holds 2.1x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 5.56, indicating elevated leverage, while an interest coverage ratio of 91.90 demonstrates strong ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Spotify Technology SA posted a return on equity (ROE) of 44.48, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 26.88 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 24.54, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 37.71, useful for judging operating efficiency across full business cycles. The company generates approximately 2.47M in revenue per employee across its workforce of 7,323.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Spotify Technology SA recorded 166.00M in income tax expense. That works out to an effective tax rate of 4.74, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 3.51B, leaving 3.34B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 6, 2026, Spotify Technology SA's stock has declined approximately 26.29% over the past 52 weeks. The 50-day moving average sits at 450.80, while the 200-day moving average is 430.41.

Over the twelve months ended June 30, 2026, Spotify Technology SA generated 18.11B in revenue and converted that into 3.34B in net income, yielding earnings per share of 15.82. EBITDA reached 2.76B, while operating income came in at 2.65B.

As of June 30, 2026, Spotify Technology SA holds 9.39B in cash and equivalents against 466.00M in total debt, resulting in a net debt position of -5.94B. Total book value stands at 8.39B, with working capital of 5.46B providing operational flexibility.

Spotify Technology SA produced 3.34B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -70.00M in capital expenditures, free cash flow totaled 3.27B - equivalent to 15.87 per share.

Over the twelve months ended June 30, 2026, Spotify Technology SA posted a gross margin of 32.80, reflecting its pricing power and cost economics. The operating margin of 14.65 and net profit margin of 18.43 provide insight into operational efficiency.

These figures cover the twelve months ended June 30, 2026. Free cash flow yield stands at 3.84, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 2.84, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Spotify Technology SA shareholders.

As of June 30, 2026, Spotify Technology SA has an Altman Z-Score of 11.96, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.