Spotify Technology S.A.

Spotify Technology S.A.

SPF.SW
Spotify Technology S.A.CH flagSwiss Exchange
137.50
CHF
-137.50
- -
28.15BMarket Cap
Spotify Technology S.A.
SPF.SW
(Swiss Exchange)

Recent

price

137.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
11.56
17.59
24.62
29.69
37.38
42.01
50.54
- -
- -
- -
- -
Revenue per Share
-1.37
-3.21
-7.43
-0.44
-1.03
-3.1
-0.18
- -
- -
- -
- -
Basic EPS, GAAP
-0.52
0.44
0.8
1.24
2.42
0.96
1.44
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-3.89
-7.1
-14.61
-14.14
-14.97
-17.54
-16.83
- -
- -
- -
- -
Book Value per Share
0.93
-1.91
0.46
10.84
8.29
10.51
5.94
- -
- -
- -
- -
Tangible Book Value per Share
168
168
166
177
181
188
191
- -
- -
- -
- -
Basic Weighted Avg Shares
1,940
2,952
4,090
5,259
6,764
7,880
9,668
11,727
13,247
15,673
16,897
Sales/Revenue/Turnover
-12.11
-11.82
-9.24
-0.82
-1.08
-3.72
0.97
-5.62
-3.37
8.71
11.68
Operating Margin (%)
30
38
54
32
87
111
127
171
158
121
107
Depreciation Expense
-230
-539
-1,235
-78
-186
-581
-34
-430
-532
1,138
1,405
Net Income, GAAP
- -
- -
- -
- -
- -
- -
113.65
- -
- -
15.14
17.45
Effective Tax Rate (%)
-11.86
-18.26
-30.2
-1.48
-2.75
-7.37
-0.35
-3.67
-4.02
7.26
8.32
Profit Margin (%)
73
689
38
97
-208
-534
1,146
836
1,170
3,929
3,818
Working Capital
- -
1,107
944
- -
622
577
1,781
1,683
1,696
2,001
444
LT Debt
229
-240
238
2,094
2,037
2,805
2,119
2,401
2,523
5,525
7,779
Total Equity
- -
- -
- -
- -
- -
- -
-0.33
- -
- -
18.67
18.98
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
1.9
- -
- -
-66.23
-206.82
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
1,654
1,929
1,802
LT Borrowings
- -
- -
- -
LT Finance Leases
448
453
444
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
205
206
206
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
8,854
9,299
10,057
Cash, Cash Equivalents & STI
7,913
8,344
9,062
Accounts Receivable, Net
531
509
511
Inventories
- -
- -
- -
Total Current Liabilities
5,965
6,312
6,239
Payables & Accruals
3,543
3,629
3,648
ST Debt
1,654
1,929
1,802
Deferred Revenue
675
665
692

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
30.12%
118.99%
Free Cash Flow
- -
649.96%
238.87%
Net Income, GAAP
- -
198.55%
-313.91%
Sales/Revenue/Turnover
- -
18.35%
18.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,042
3,177
3,357
3,671
13,247
2024
3,636
3,807
3,988
4,242
15,673
2025
4,190
4,193
4,272
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Spotify Technology S.A. operates as a global audio streaming and media service provider, headquartered in Luxembourg City, Luxembourg, and founded in 2006. The company offers its core products through two main segments: Premium and Ad-Supported. The Premium segment provides subscribers unlimited online and offline streaming access to an extensive catalog of music and podcasts without commercial interruptions. The Ad-Supported segment offers free on-demand access to music and unlimited podcast streaming supported by ads, accessible across various devices including computers, tablets, mobile devices, and smart speakers. Spotify’s platform also features original podcasts, audiobooks, and interactive audio content, serving a diverse global user base across 184 markets, with a strong presence in the US and Europe. The company extends its offerings with sales, distribution, marketing, contract research and development, and customer support services. In the last two years, Spotify has focused on strategic expansions and technological innovation, including key partnerships with major music labels such as Sony Music Group, Universal Music Group, Warner Music Group, Merlin, and Believe to develop “responsible” artificial intelligence (AI) music tools designed to enhance artist and user experiences. The company has invested significantly in AI research by establishing a dedicated generative AI research lab and product team to create artist-first AI tools in collaboration with industry stakeholders, emphasizing copyright protection and ethical AI development. Spotify has also advanced its audiobook presence through acquisitions like Findaway, and expanded podcast monetization technologies, including a partnership with Google to offer user payment choice for subscriptions. Additionally, Spotify continues to innovate user engagement with products such as the interactive music game Heardle integrated into the platform. Spotify targets a broad demographic of music and audio content consumers worldwide, leveraging a freemium business model to maximize user acquisition and conversion to paid subscriptions. Its geographic operations span North America, Europe, Latin America, Africa, Asia, and Oceania. The company maintains a strategic focus on localizing content, user interface, and marketing efforts to cater to diverse regional tastes and languages, reinforcing its position as a leading global audio platform. Spotify also operates subsidiaries such as Spotify USA, Inc., that enhance its technological and service delivery capabilities. Overall, Spotify Technology S.A. maintains its industry leadership by continuously expanding its product ecosystem across music streaming, podcasting, audiobooks, and AI-driven innovation, backed by strong partnerships and strategic acquisitions aimed at sustaining growth and enhancing user experience globally.