Spotify Technology S.A.

As of September 30, 2025, Spotify Technology S.A. has 206.08M shares outstanding.

As of September 30, 2025, Spotify Technology S.A. maintains a current ratio of 1.61, meaning it holds 1.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 28.87, indicating elevated leverage, while an interest coverage ratio of 63.06 demonstrates strong ability to service its debt obligations.

These figures cover the twelve months ended September 30, 2025. Return on invested capital (ROIC) comes in at 18.98 - 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 11.13, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is negative at -206.82, pointing to unprofitable operations over the period.

These figures cover the twelve months ended September 30, 2025. That works out to an effective tax rate of 17.45, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items.

Over the twelve months ended September 30, 2025, Spotify Technology S.A. posted a gross margin of 31.75, reflecting its pricing power and cost economics. The operating margin of 11.68 and net profit margin of 8.32 provide insight into operational efficiency.

As of September 30, 2025, Spotify Technology S.A. has an Altman Z-Score of 1.85, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.