Spotify Technology S.A.

Spotify Technology S.A.

SPOT
Spotify Technology S.A.US flagNew York Stock Exchange
490.03
USD
-2.29
- -
100.76BMarket Cap
Spotify Technology S.A.
SPOT
(New York Stock Exchange)

Recent

price

490.03

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.56
17.59
22.96
29.69
37.38
42.01
50.54
60.78
68.03
78.12
83.67
85.21
Revenue per Share
-1.37
-3.21
-6.93
-0.44
-1.03
-3.1
-0.18
-2.23
-2.73
5.67
10.77
13.16
Basic EPS, GAAP
-0.52
0.44
0.75
1.24
2.42
0.96
1.44
0.11
3.46
11.38
13.98
15.41
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-3.89
-7.1
-13.63
-14.14
-14.97
-17.54
-16.83
-18.9
-21.48
-15.17
-4.05
-0.6
Book Value per Share
0.93
-1.91
0.43
10.84
8.29
10.51
5.94
5.73
6.69
21.31
35.08
33.39
Tangible Book Value per Share
168
168
178
177
181
188
191
193
195
201
205
206
Basic Weighted Avg Shares
1,940
2,952
4,090
5,259
6,764
7,880
9,668
11,727
13,247
15,673
17,186
17,529
Sales/Revenue/Turnover
-12.11
-11.82
-9.24
-0.82
-1.08
-3.72
0.97
-5.62
-3.37
8.71
12.79
13.71
Operating Margin (%)
30
38
54
32
87
111
127
171
158
121
102
101
Depreciation Expense
-230
-539
-1,235
-78
-186
-581
-34
-430
-532
1,138
2,212
2,708
Net Income, GAAP
- -
- -
- -
- -
- -
- -
113.65
- -
- -
15.14
0.54
4.41
Effective Tax Rate (%)
-11.86
-18.26
-30.2
-1.48
-2.75
-7.37
-0.35
-3.67
-4.02
7.26
12.87
15.45
Profit Margin (%)
73
689
38
97
-208
-534
1,146
836
1,170
3,929
4,411
4,971
Working Capital
- -
1,107
944
- -
622
577
1,781
1,683
1,696
2,001
433
414
LT Debt
229
-240
238
2,094
2,037
2,805
2,119
2,401
2,523
5,525
8,329
8,010
Total Equity
- -
- -
- -
- -
- -
- -
-0.33
- -
- -
18.56
23.38
25.89
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
1.9
- -
- -
-67.66
2,875.43
-1,499.55
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,802
1,523
62
LT Borrowings
- -
- -
- -
LT Finance Leases
444
433
414
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
206
206
Market Capitalization
121,766
101,552
86,345

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
10,057
10,496
9,659
Cash, Cash Equivalents & STI
9,062
9,467
8,746
Accounts Receivable, Net
511
536
463
Inventories
- -
- -
- -
Total Current Liabilities
6,239
6,085
4,688
Payables & Accruals
3,648
3,759
3,775
ST Debt
1,802
1,523
62
Deferred Revenue
692
711
750

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
57.45%
32.73%
50.75%
Free Cash Flow
333.49%
666.85%
25.74%
Net Income, GAAP
139.54%
174.95%
94.38%
Sales/Revenue/Turnover
24.93%
16.98%
9.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,636
3,807
3,988
4,242
15,673
2025
4,190
4,193
4,272
4,531
17,186
2026
4,533
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.99
1.37
1.49
1.81
5.67
2025
1.1
-0.42
4.36
5.71
10.77
2026
3.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Spotify Technology S.A. is a Luxembourg-based company founded in 2006 that provides audio streaming subscription services worldwide. It operates through two main segments: Premium, which offers unlimited online and offline streaming access to a catalog of music and podcasts without commercial interruptions directly to subscribers; and Ad-Supported, which provides on-demand access to the same catalog supported by advertising. The company’s core products include digital music streaming, podcast streaming, and related audio content services, alongside sales, distribution, marketing, contract research and development, and customer support services. Spotify serves more than 713 million monthly active users, including 281 million paid subscribers, across over 180 countries, with significant operations in Europe, the Americas, and other global markets. Recent company developments include a strategic focus on artificial intelligence (AI) innovations, with Spotify heavily investing in AI-driven product enhancements such as AI playlist generation expanded to over 40 markets and the launch of an audiobook add-on subscription in multiple regions. Spotify has also formed major partnerships with leading music labels—Sony Music Group, Universal Music Group, Warner Music Group, Merlin, and Believe—in 2025 to develop responsible AI music tools that prioritize artist rights and foster innovation. The company has expanded its advertising platform through new partnerships with Amazon DSP allowing advertisers access to Spotify’s audio and video inventory; integration with Yahoo DSP; and a collaboration with Smartly to improve ad reach and automation. Additionally, Spotify continues to pursue acquisitions in podcast networks and technology firms to broaden its content ecosystem and technological capabilities. Spotify's service offerings now include music streaming, podcast streaming, audiobooks, and video content, targeting individual consumers, advertisers, and content creators. It serves diverse markets globally, with an emphasis on developed and emerging markets. The company’s headquarters are in Luxembourg City, Luxembourg, and it maintains major subsidiaries, including Spotify USA, Inc. Spotify reported its first profitable fiscal year in 2024, reflecting its strategic growth and operational efficiency improvements. The company continues to emphasize innovation in the audio streaming industry, expanding its user base and monetization avenues through a combination of product enhancements, strategic partnerships, and geographic expansion efforts.

Company News

APIChatGPT
  • Assetmark Inc. Has $9.79 Million Stock Position in Spotify Technology $SPOT

  • Spotify (SPOT) Increases Despite Market Slip: Here's What You Need to Know

  • Boston Common Asset Management LLC Raises Stock Position in Spotify Technology $SPOT

  • Cantillon Capital Management LLC Acquires Shares of 439,353 Spotify Technology $SPOT

  • Spotify's Growth Story Is Intact, but Faces Valuation Threat

  • Why Spotify (SPOT) Dipped More Than Broader Market Today

  • Spotify seen delivering steady Q2 results as investors await AI remixing updates

  • Artisan Mid Cap Fund Q2 2026 Performance Review

  • Spotify expands parent-managed accounts to users on its free tier

  • Spotify expands its AI push with a ChatGPT-like music assistant

  • Spotify (SPOT) Stock Falls Amid Market Uptick: What Investors Need to Know

  • Spotify on track for double-digit growth, UBS says ahead of Q2

  • Spotify on track for double-digit growth, UBS says ahead of Q2

  • Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know

  • Options Corner: SPOT Hits "Sour Note," Shares Slide 30% Y/Y

  • Netflix vs Spotify: Two Streaming Giants, Two Paths, One Clear Winner

  • XYZ vs. SPOT: Which Stock Is the Better Value Option?

  • Spotify (SPOT) Gains As Market Dips: What You Should Know

  • Is Spotify (SPOT) a Buy as Wall Street Analysts Look Optimistic?

  • Kalshi Probes Trading Spike After Spotify Detects Song Chart Manipulation