Spotify Technology S.A.

Spotify Technology S.A.

SPOT
Spotify Technology S.A.US flagNew York Stock Exchange
518.76
USD
-11.70
- -
106.65BMarket Cap
Spotify Technology S.A.
SPOT
(New York Stock Exchange)

Recent

price

518.76

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
88.01
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
16.22
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
15.87
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.29
-1.35
1.34
11.58
11.05
14.75
11.03
12.42
12.8
27.1
40.46
40.79
Book Value per Share
0.88
-1.8
0.43
10.62
8.14
10.37
5.91
5.72
6.6
20.98
35
35.21
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
18,113
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
14.65
Operating Margin (%)
30
38
54
32
87
111
127
171
158
121
102
104
Depreciation Expense
-230
-539
-1,235
-78
-186
-581
-34
-430
-532
1,138
2,212
3,339
Net Income, GAAP
- -
- -
- -
- -
- -
- -
113.65
- -
- -
15.14
0.54
4.74
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
18.43
Profit Margin (%)
73
689
38
97
-208
-534
1,146
836
1,170
3,929
4,411
5,462
Working Capital
- -
1,107
944
- -
622
577
1,781
1,683
1,696
2,001
433
404
LT Debt
229
-240
238
2,094
2,037
2,805
2,119
2,401
2,523
5,525
8,329
8,385
Total Equity
- -
- -
- -
- -
- -
- -
-0.33
- -
- -
18.56
23.38
26.88
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
-1.08
- -
- -
19.77
25.08
37.71
Return on Capital (%)
- -
- -
- -
-6.69
-9.01
-24
-1.38
-19.03
-21.61
28.28
31.93
44.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,523
62
62
LT Borrowings
- -
- -
- -
LT Finance Leases
433
414
404
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
206
206
Market Capitalization
101,762
86,303
82,619

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,496
9,659
10,376
Cash, Cash Equivalents & STI
9,467
8,746
9,388
Accounts Receivable, Net
536
463
543
Inventories
- -
- -
- -
Total Current Liabilities
6,085
4,688
4,914
Payables & Accruals
3,759
3,775
3,971
ST Debt
1,523
62
62
Deferred Revenue
711
750
778

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
4,777
- -
- -
- -

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
2.65
- -
- -
- -

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

  • Stay Ahead of the Game With Spotify (SPOT) Q3 Earnings: Wall Street's Insights on Key Metrics

  • Spotify: Why I'm Downgrading Before Q3 Earnings

  • 142,875 Spotify Technology $SPOT Shares Purchased by Assenagon Asset Management S.A.

  • Why Spotify (SPOT) Outpaced the Stock Market Today

  • Analysts Estimate Spotify (SPOT) to Report a Decline in Earnings: What to Look Out for

  • Here Are Thursday’s Top Wall Street Analyst Research Calls: AngloGold Ashanti, Bank of America, Cirrus Logic, Crocs, Diamondback Energy, Devon Energy, Netflix, PayPal, Spotify Technolgy , and More

  • Spotify users on iOS 27 can now ask Siri to play music without having to say ‘on Spotify'

  • Spotify (SPOT) Advances While Market Declines: Some Information for Investors

  • Joe Rogan renews nine-figure Spotify deal: report

  • Spotify Won't Let Go of Joe Rogan, Podcast King Secures Another Multiyear Deal

  • Spotify is getting more serious about selling enterprise software

  • Spotify renews multiyear deal with podcaster Joe Rogan

  • Joe Rogan Re-Ups Lucrative Spotify Deal

  • Here Are Thursday’s Top Wall Street Analyst Research Calls: CAVA Group, Constellation Brands, Goldman Sachs Group, Hub Spot, Hut 8, Paladin Technologies, NXP Semiconductor, Spotify Technology, Tyler Technologies, and More

  • A Look at Spotify Technology SA (SPOT) After 5.1% Gain -- GF Value $527.17 vs Price $512.92

  • Is Most-Watched Stock Spotify Technology (SPOT) Worth Betting on Now?

  • Wall Street Breakfast Podcast: Pop Goes The AI Bubble?

  • Spotify expands audiobooks to over 180 markets

  • Spotify Technology (NYSE:SPOT) Stock Has Consensus Price Target of $592.75 According to Analysts

  • Wall Street Bulls Look Optimistic About Spotify (SPOT): Should You Buy?