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SPOT

Spotify Technology S.A.

Price Chart
Latest Quote

$476.08

-9.30 (-1.92%)
Current Price
Previous Close $485.38
Open $490.23
Day High $490.99
Day Low $472.40
Volume 1,341,980
Fetched: 2026-07-17T00:01:04
Stock Information
Note: Financial values converted from EUR to USD
Shares Outstanding 205.62M
Total Debt $544.81M
Cash Equivalents $7.20B
Revenue $20.06B
Net Income $3.10B
Sector Communication Services
Industry Internet Content & Information
Market Cap $98.32B
P/E Ratio 32.57
EPS (TTM) $14.68
Exchange NYQ
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Enterprise Value$92.50B
Sales$20.06B
Income$3.10B
Book/sh$44.36
Cash/sh$30.60
Employees7K
Financial Ratios
Quick Ratio1.51
Current Ratio2.06
Debt/Eq5.94
EPS Growth TTM220.40%
Returns & Margins
ROA11.64%
ROE37.99%
Gross Margin32.32%
Operating Margin15.77%
Profit Margin15.45%
Ownership
Insider Ownership23.45%
Institutional Ownership68.75%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E26.41
PEG1.65
P/S5.61
P/B10.78
Analyst Data
Recommendationbuy
Target Price$599.64
Technical Indicators
SMA20$472.37
SMA50$472.40
SMA200$533.31
RSI61.52
ATR16.7011
Shares Float157.13M
Short Float3.99%
Short Ratio3.39
Volatility1.56
Rel Volume1.05
Performance History
Week-0.34%
Month+1.77%
Quarter-10.03%
6 Months-9.60%
YTD-16.85%
Year-32.23%
3 Years+188.40%
5 Years+81.92%
10 Years+220.88%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-07-17 $478.14 1,740,900
2026-07-16 $476.08 1,346,500
2026-07-15 $485.38 1,095,800
2026-07-14 $481.06 1,148,900
2026-07-13 $479.84 952,700
2026-07-10 $479.77 934,800
2026-07-09 $485.88 1,776,200
2026-07-08 $485.22 1,688,000
2026-07-07 $493.95 2,067,500
2026-07-06 $483.01 1,451,000
2026-07-02 $485.97 1,723,800
2026-07-01 $472.48 1,641,600
2026-06-30 $459.13 1,634,100
2026-06-29 $462.29 1,455,500
2026-06-26 $460.02 2,309,100
2026-06-25 $441.21 1,452,300
2026-06-24 $455.01 2,122,600
2026-06-23 $455.50 1,847,200
2026-06-22 $459.34 2,278,700
2026-06-18 $468.08 2,460,500
About Spotify Technology S.A.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $13,314,350,049 $12,470,386,543 $11,218,678,185 $10,023,917,432
Cost Of Revenue $13,314,350,049 $12,470,386,543 $11,218,678,185 $10,023,917,432
Total Revenue $19,574,030,791 $17,850,796,263 $15,087,698,469 $13,356,491,277
Operating Revenue $19,574,030,791 $17,850,796,263 $15,087,698,469 $13,356,491,277
Expenses
Interest Expense $35,307,515 $41,002,276 $43,280,180 $46,697,036
Total Expenses $17,070,614,075 $16,296,126,647 $15,595,671,105 $14,107,060,711
Other Income Expense $-227,790,420 $-253,986,318 $-173,120,719 $326,879,253
Net Non Operating Interest Income Expense $257,403,175 $226,651,468 $105,922,545 $2,277,904
Total Other Finance Cost $-13,667,425 $-13,667,425 $-12,528,473 $4,555,808
Interest Expense Non Operating $35,307,515 $41,002,276 $43,280,180 $46,697,036
Operating Expense $3,756,264,026 $3,825,740,104 $4,376,992,920 $4,083,143,278
Selling And Marketing Expense $1,624,145,695 $1,585,421,323 $1,746,013,569 $1,790,432,701
General And Administrative Expense $545,558,056 $547,835,960 $666,286,978 $712,984,015
Other Non Operating Income Expenses - - - $164,009,102
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Net Interest Income $257,403,175 $226,651,468 $105,922,545 $2,277,904
Interest Income $279,043,264 $253,986,318 $149,202,725 $53,530,749
Normalized Income $2,745,923,380 $1,511,665,469 $-469,157,149 $-747,984,013
Net Income From Continuing And Discontinued Operation $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Total Operating Income As Reported $2,503,416,716 $1,554,669,616 $-507,972,637 $-750,569,434
Net Income Common Stockholders $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Net Income $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Net Income Including Noncontrolling Interests $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Net Income Continuous Operations $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Pretax Income $2,533,029,470 $1,527,334,766 $-575,170,810 $-421,412,277
Interest Income Non Operating $279,043,264 $253,986,318 $149,202,725 $53,530,749
Operating Income $2,503,416,716 $1,554,669,616 $-507,972,637 $-750,569,434
Gross Profit $6,259,680,742 $5,380,409,720 $3,869,020,284 $3,332,573,845
Average Dilution Earnings - $0 $0 $-164,009,102
Per Share
Diluted EPS $11.97 $6.26 $-3.11 $-3.34
Basic EPS $12.27 $6.46 $-3.11 $-2.54
Other
Tax Effect Of Unusual Items $-1,229,085 $-38,448,339 $-36,355,351 $68,644,643
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $2,912,300,520 $1,960,136,564 $-178,815,480 $-506,833,684
Total Unusual Items $-227,790,420 $-253,986,318 $-173,120,719 $326,879,253
Total Unusual Items Excluding Goodwill $-227,790,420 $-253,986,318 $-173,120,719 $326,879,253
Reconciled Depreciation $116,173,114 $137,813,204 $179,954,432 $194,760,809
EBITDA (Bullshit earnings) $2,684,510,100 $1,706,150,246 $-351,936,199 $-179,954,432
EBIT $2,568,336,986 $1,568,337,042 $-531,890,631 $-374,715,241
Diluted Average Shares $239,759,865 $235,752,115 $221,790,767 $223,059,625
Basic Average Shares $233,955,512 $228,499,438 $221,790,767 $219,743,566
Diluted NI Availto Com Stockholders $2,519,362,045 $1,296,127,490 $-605,922,517 $-653,758,505
Tax Provision $13,667,425 $231,207,276 $30,751,707 $68,337,126
Gain On Sale Of Security $-227,790,420 $-253,986,318 $-173,120,719 $326,879,253
Research And Development $1,586,560,275 $1,692,482,821 $1,964,692,372 $1,579,726,563
Selling General And Administration $2,169,703,750 $2,133,257,283 $2,412,300,548 $2,503,416,716
Other Gand A $545,558,056 $547,835,960 $666,286,978 $712,984,015
Fetched: 2026-06-28
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $8,206,149,880 $4,870,159,180 $1,482,915,634 $1,259,681,023
Total Assets $17,101,365,782 $13,673,119,960 $9,505,694,227 $8,697,038,236
Total Non Current Assets $5,146,924,540 $4,129,840,315 $3,514,806,181 $3,740,318,696
Other Non Current Assets $69,476,078 $77,448,743 $85,421,408 $88,838,264
Non Current Deferred Assets $753,986,290 $211,845,091 $31,890,659 $9,111,617
Non Current Deferred Taxes Assets $753,986,290 $211,845,091 $31,890,659 $9,111,617
Non Current Accounts Receivable $78,587,695 $84,282,455 - -
Goodwill And Other Intangible Assets $1,280,182,160 $1,422,551,173 $1,390,660,514 $1,474,942,970
Other Intangible Assets $46,697,036 $54,669,701 $95,671,976 $144,646,917
Current Assets $11,954,441,242 $9,543,279,646 $5,990,888,046 $4,956,719,539
Other Current Assets $117,312,066 $134,396,348 $181,093,384 $314,350,780
Hedging Assets Current $9,111,617 $15,945,329 $10,250,569 $35,307,515
Receivables $1,045,558,028 $910,022,728 $999,999,944 $791,571,710
Other Receivables $302,961,259 $263,097,935 $291,571,738 $214,122,995
Taxes Receivable $132,118,444 $31,890,659 $22,779,042 $5,694,760
Accounts Receivable $610,478,326 $615,034,134 $685,649,164 $571,753,954
Allowance For Doubtful Accounts Receivable $-5,694,760 $-3,416,856 $-5,694,760 $-7,972,665
Gross Accounts Receivable $616,173,086 $618,450,990 $691,343,925 $579,726,619
Cash Cash Equivalents And Short Term Investments $10,782,459,531 $8,482,915,241 $4,799,544,149 $3,815,489,535
Cash And Cash Equivalents $5,988,610,142 $5,445,329,990 $3,546,696,839 $2,828,018,064
Prepaid Assets - - - $101,366,737
Debt
Total Debt $2,227,790,308 $2,364,464,560 $1,931,662,762 $1,916,856,384
Long Term Debt And Capital Lease Obligation $493,166,259 $2,279,043,152 $1,931,662,762 $1,916,856,384
Current Debt And Capital Lease Obligation $1,734,624,048 $85,421,408 - -
Current Debt $1,660,592,162 - - -
Other Current Borrowings $1,660,592,162 - - -
Long Term Debt - $1,752,847,282 $1,370,159,376 $1,284,737,969
Liabilities
Total Liabilities Net Minority Interest $7,615,033,741 $7,380,409,608 $6,632,118,078 $5,962,414,244
Total Non Current Liabilities Net Minority Interest $684,510,212 $2,312,072,763 $1,973,803,989 $1,957,858,660
Non Current Deferred Liabilities $185,649,192 $23,917,994 $9,111,617 $5,694,760
Non Current Deferred Taxes Liabilities $185,649,192 $23,917,994 $9,111,617 $5,694,760
Current Liabilities $6,930,523,528 $5,068,336,845 $4,658,314,089 $4,004,555,584
Other Current Liabilities $46,697,036 $107,061,497 $47,835,988 $38,724,371
Current Deferred Liabilities $809,794,943 $777,904,284 $708,428,206 $592,255,092
Payables And Accrued Expenses $4,281,320,944 $4,069,475,853 $3,878,131,900 $3,343,963,366
Payables $1,406,605,844 $1,481,776,682 $1,099,088,776 $960,136,620
Total Tax Payable $514,806,349 $419,134,373 $345,102,486 $290,432,786
Income Tax Payable $82,004,551 $37,585,419 $13,667,425 $12,528,473
Accounts Payable $891,799,494 $1,062,642,309 $753,986,290 $669,703,835
Equity
Common Stock Equity $9,486,332,041 $6,292,710,352 $2,873,576,148 $2,734,623,992
Total Equity Gross Minority Interest $9,486,332,041 $6,292,710,352 $2,873,576,148 $2,734,623,992
Stockholders Equity $9,486,332,041 $6,292,710,352 $2,873,576,148 $2,734,623,992
Gains Losses Not Affecting Retained Earnings $3,833,712,769 $3,083,143,335 $2,063,781,205 $1,732,346,144
Other Equity Adjustments $3,833,712,769 $3,083,143,335 $2,063,781,205 $1,732,346,144
Retained Earnings $-947,608,147 $-3,466,970,192 $-4,763,097,682 $-4,153,758,309
Other
Treasury Shares Number $4,160,237 $4,135,221 $4,783,873 $4,060,982
Ordinary Shares Number $234,433,389 $232,169,018 $224,536,877 $220,151,775
Share Issued $238,593,626 $236,304,238 $229,320,750 $224,212,756
Tangible Book Value $8,206,149,880 $4,870,159,180 $1,482,915,634 $1,259,681,023
Invested Capital $11,146,924,203 $8,045,557,634 $4,243,735,525 $4,019,361,961
Working Capital $5,023,917,713 $4,474,942,801 $1,332,573,957 $952,163,956
Capital Lease Obligations $567,198,146 $611,617,278 $561,503,385 $632,118,416
Total Capitalization $9,486,332,041 $8,045,557,634 $4,243,735,525 $4,019,361,961
Treasury Stock $798,405,422 $298,405,450 $298,405,450 $298,405,450
Additional Paid In Capital $7,398,632,842 $6,974,942,660 $5,871,298,076 $5,454,441,607
Capital Stock $0 $0 $0 $0
Common Stock $0 $0 $0 $0
Non Current Accrued Expenses $2,277,904 $5,694,760 $29,612,755 $31,890,659
Long Term Capital Lease Obligation $493,166,259 $526,195,870 $561,503,385 $632,118,416
Long Term Provisions $3,416,856 $3,416,856 $3,416,856 $3,416,856
Current Deferred Revenue $809,794,943 $777,904,284 $708,428,206 $592,255,092
Current Capital Lease Obligation $74,031,886 $85,421,408 - -
Current Provisions $58,086,557 $28,473,802 $23,917,994 $29,612,755
Current Accrued Expenses $2,874,715,100 $2,587,699,171 $2,779,043,124 $2,383,826,745
Investments And Advances $2,484,054,530 $1,862,186,684 $1,383,826,802 $1,296,127,490
Goodwill $1,233,485,124 $1,367,881,472 $1,294,988,538 $1,330,296,053
Net PPE $480,637,786 $471,526,169 $623,006,799 $871,298,356
Accumulated Depreciation $-730,068,296 $-772,209,524 $-767,653,715 $-512,528,445
Gross PPE $1,210,706,082 $1,243,735,693 $1,390,660,514 $1,383,826,802
Leases $396,355,331 $448,747,127 $505,694,732 $510,250,541
Other Properties $154,897,486 $115,034,162 $105,922,545 $104,783,593
Buildings And Improvements $659,453,266 $679,954,404 $779,043,236 $768,792,668
Properties $0 $0 $0 $0
Other Short Term Investments $4,793,849,389 $3,037,585,251 $1,252,847,310 $987,471,471
Fetched: 2026-06-28
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $3,271,070,431 $2,601,366,596 $767,653,715 $23,917,994
Operating Activities
Operating Cash Flow $3,340,546,509 $2,620,728,782 $774,487,428 $52,391,797
Cash Flow From Continuing Operating Activities $3,340,546,509 $2,620,728,782 $774,487,428 $52,391,797
Operating Gains Losses $87,699,312 $-18,223,234 $61,503,413 $-162,870,150
Investing Activities
Capital Expenditure $-69,476,078 $-19,362,186 $-6,833,713 $-28,473,802
Investing Cash Flow $-2,033,029,498 $-1,692,482,821 $-247,152,606 $-481,776,738
Cash Flow From Continuing Investing Activities $-2,033,029,498 $-1,692,482,821 $-247,152,606 $-481,776,738
Net Other Investing Changes $-3,416,856 $-7,972,665 $7,972,665 $-3,416,856
Financing Activities
Repurchase Of Capital Stock $-499,999,972 $0 $0 $-2,277,904
Financing Cash Flow $-433,940,750 $830,296,081 $266,514,791 $-45,558,084
Cash Flow From Continuing Financing Activities $-433,940,750 $830,296,081 $266,514,791 $-45,558,084
Net Other Financing Charges $-274,487,456 $-153,758,534 $-77,448,743 $-45,558,084
Net Common Stock Issuance $-499,999,972 $0 $0 $-2,277,904
Dividends Received Cfi $26,195,898 $21,640,090 $0 $0
Other
Repayment Of Debt $-83,143,503 $-78,587,695 $-75,170,839 $-48,974,940
Issuance Of Debt $0 $0 $2,277,904 $2,277,904
End Cash Position $5,988,610,142 $5,445,329,990 $3,546,696,839 $2,828,018,064
Beginning Cash Position $5,445,329,990 $3,546,696,839 $2,828,018,064 $3,125,284,562
Effect Of Exchange Rate Changes $-330,296,109 $140,091,108 $-75,170,839 $177,676,528
Changes In Cash $873,576,261 $1,758,542,042 $793,849,614 $-474,943,026
Proceeds From Stock Option Exercised $423,690,181 $1,062,642,309 $416,856,469 $48,974,940
Common Stock Payments $-499,999,972 $0 $0 $-2,277,904
Net Issuance Payments Of Debt $-83,143,503 $-78,587,695 $-72,892,934 $-46,697,036
Net Long Term Debt Issuance $-83,143,503 $-78,587,695 $-72,892,934 $-46,697,036
Long Term Debt Payments $-83,143,503 $-78,587,695 $-75,170,839 $-48,974,940
Long Term Debt Issuance $0 $0 $2,277,904 $2,277,904
Net Investment Purchase And Sale $-1,965,831,325 $-1,675,398,539 $-240,318,893 $-101,366,737
Sale Of Investment $19,982,914,594 $6,610,477,988 $1,570,614,946 $419,134,373
Purchase Of Investment $-21,948,745,919 $-8,285,876,528 $-1,810,933,839 $-520,501,110
Net Business Purchase And Sale $-20,501,138 $-11,389,521 $-7,972,665 $-348,519,343
Purchase Of Business $-20,501,138 $-11,389,521 $-7,972,665 $-348,519,343
Net PPE Purchase And Sale $-69,476,078 $-19,362,186 $-6,833,713 $-28,473,802
Purchase Of PPE $-69,476,078 $-19,362,186 $-6,833,713 $-28,473,802
Taxes Refund Paid $-97,949,881 $-60,364,461 $-48,974,940 $-48,974,940
Interest Received Cfo $275,626,408 $246,013,654 $126,423,683 $42,141,228
Interest Paid Cfo $-41,002,276 $-41,002,276 $-43,280,180 $-60,364,461
Change In Working Capital $282,460,121 $428,245,990 $528,473,774 $217,539,851
Change In Other Working Capital $93,394,072 $54,669,701 $123,006,827 $55,808,653
Change In Payables And Accrued Expense $320,045,540 $208,428,234 $570,615,002 $257,403,175
Change In Payable $320,045,540 $208,428,234 $570,615,002 $257,403,175
Change In Account Payable $320,045,540 $208,428,234 $570,615,002 $257,403,175
Change In Receivables $-130,979,492 $165,148,054 $-165,148,054 $-95,671,976
Changes In Account Receivables $-130,979,492 $165,148,054 $-165,148,054 $-95,671,976
Other Non Cash Items $-105,922,545 $47,835,988 $6,833,713 $-158,314,342
Stock Based Compensation $281,321,169 $304,100,211 $365,603,624 $433,940,750
Asset Impairment Charge $9,111,617 $48,974,940 $173,120,719 $0
Deferred Tax $13,667,425 $231,207,276 $30,751,707 $68,337,126
Deferred Income Tax $13,667,425 $231,207,276 $30,751,707 $68,337,126
Depreciation Amortization Depletion $116,173,114 $137,813,204 $179,954,432 $194,760,809
Depreciation And Amortization $116,173,114 $137,813,204 $179,954,432 $194,760,809
Amortization Cash Flow $26,195,898 $41,002,276 $54,669,701 $60,364,461
Amortization Of Intangibles $26,195,898 $41,002,276 $54,669,701 $60,364,461
Depreciation $89,977,216 $96,810,928 $125,284,731 $134,396,348
Gain Loss On Investment Securities $-26,195,898 $15,945,329 $2,277,904 $-80,865,599
Net Foreign Currency Exchange Gain Loss $113,895,210 $-34,168,563 $59,225,509 $-82,004,551
Net Income From Continuing Operations $2,519,362,045 $1,296,127,490 $-605,922,517 $-489,749,403
Provisionand Write Offof Assets - $0 $0 $15,945,329
Fetched: 2026-06-28