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SPOT

Spotify Technology S.A.

Price Chart
Latest Quote

$572.36

-11.86 (-2.03%)
Current Price
Previous Close $584.22
Open $580.22
Day High $583.76
Day Low $565.66
Volume 1,927,803
Fetched: 2026-10-27T13:18:05
Stock Information
Note: Financial values converted from EUR to USD
Shares Outstanding 205.58M
Total Debt $503.00M
Cash Equivalents $7.88B
Revenue $20.93B
Net Income $3.29B
Sector Communication Services
Industry Internet Content & Information
Market Cap $114.19B
P/E Ratio 33.85
EPS (TTM) $16.41
Exchange NYQ
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Enterprise Value$111.00B
Sales$20.93B
Income$3.29B
Book/sh$47.78
Cash/sh$34.45
Employees7K
Financial Ratios
Quick Ratio1.55
Current Ratio2.13
Debt/Eq5.17
EPS Growth TTM-42.40%
Returns & Margins
ROA11.82%
ROE35.81%
Gross Margin33.12%
Operating Margin13.52%
Profit Margin15.73%
Ownership
Insider Ownership23.46%
Institutional Ownership68.87%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E32.39
PEG1.49
P/S6.07
P/B11.63
Analyst Data
Recommendationbuy
Target Price$633.07
Technical Indicators
SMA20$525.06
SMA50$528.46
SMA200$496.78
RSI65.07
ATR21.2279
Shares Float157.06M
Short Float2.70%
Short Ratio2.95
Volatility1.61
Rel Volume0.88
Performance History
Week+5.58%
Month+11.65%
Quarter+6.00%
6 Months+27.92%
YTD-3.40%
Year-13.99%
3 Years+270.50%
5 Years+117.30%
10 Years+272.76%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
⭐ Premium Feature

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Recent Price History
Date Close Volume
2026-10-27 $555.45 1,537,627
2026-10-26 $572.36 1,927,900
2026-10-23 $584.22 2,478,300
2026-10-22 $583.66 4,735,300
2026-10-21 $525.34 2,129,900
2026-10-20 $526.08 1,723,300
2026-10-19 $518.76 1,639,600
2026-10-16 $530.46 1,737,700
2026-10-15 $533.37 1,614,200
2026-10-14 $523.96 1,447,400
2026-10-13 $527.45 1,252,400
2026-10-12 $528.80 1,028,500
2026-10-09 $529.14 1,320,500
2026-10-08 $526.42 1,656,000
2026-10-07 $512.92 2,000,900
2026-10-06 $488.13 1,133,300
2026-10-05 $483.05 1,233,500
2026-10-02 $472.89 1,900,100
2026-10-01 $491.40 1,314,600
2026-09-30 $487.38 1,317,300
2026-09-29 $493.66 1,513,300
2026-09-28 $497.51 1,254,900
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 $13,098,039,458 $12,267,787,342 $11,036,414,770 $9,861,064,608
Cost Of Revenue $13,098,039,458 $12,267,787,342 $11,036,414,770 $9,861,064,608
Total Revenue $19,256,022,765 $17,560,784,639 $14,842,577,305 $13,139,496,041
Operating Revenue $19,256,022,765 $17,560,784,639 $14,842,577,305 $13,139,496,041
Expenses
Interest Expense $34,733,894 $40,336,135 $42,577,032 $45,938,376
Total Expenses $16,793,277,622 $16,031,372,846 $15,342,297,203 $13,877,871,405
Other Income Expense $-224,089,640 $-249,859,949 $-170,308,126 $321,568,633
Net Non Operating Interest Income Expense $253,221,293 $222,969,192 $104,201,683 $2,240,896
Total Other Finance Cost $-13,445,378 $-13,445,378 $-12,324,930 $4,481,793
Interest Expense Non Operating $34,733,894 $40,336,135 $42,577,032 $45,938,376
Operating Expense $3,695,238,164 $3,763,585,504 $4,305,882,433 $4,016,806,797
Selling And Marketing Expense $1,597,759,133 $1,559,663,894 $1,717,647,091 $1,761,344,570
General And Administrative Expense $536,694,688 $538,935,584 $655,462,197 $701,400,573
Other Non Operating Income Expenses - - - $161,344,541
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Net Interest Income $253,221,293 $222,969,192 $104,201,683 $2,240,896
Interest Income $274,509,809 $249,859,949 $146,778,714 $52,661,065
Normalized Income $2,701,311,942 $1,487,106,309 $-469,658,720 $-720,364,495
Net Income From Continuing And Discontinued Operation $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Total Operating Income As Reported $2,462,745,144 $1,529,411,793 $-499,719,897 $-738,375,364
Net Income Common Stockholders $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Net Income $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Net Income Including Noncontrolling Interests $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Net Income Continuous Operations $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Pretax Income $2,491,876,797 $1,502,521,036 $-565,826,341 $-414,565,834
Interest Income Non Operating $274,509,809 $249,859,949 $146,778,714 $52,661,065
Operating Income $2,462,745,144 $1,529,411,793 $-499,719,897 $-738,375,364
Gross Profit $6,157,983,307 $5,292,997,297 $3,806,162,535 $3,278,431,433
Average Dilution Earnings - $0 $0 $-161,344,541
Per Share
Diluted EPS $11.78 $6.16 $-3.06 $-3.28
Basic EPS $12.07 $6.35 $-3.06 $-2.50
Other
Tax Effect Of Unusual Items $-1,209,117 $-37,823,691 $-43,888,404 $82,996,864
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $2,864,986,047 $1,928,291,352 $-175,910,367 $-498,599,449
Total Unusual Items $-224,089,640 $-249,859,949 $-170,308,126 $321,568,633
Total Unusual Items Excluding Goodwill $-224,089,640 $-249,859,949 $-170,308,126 $321,568,633
Reconciled Depreciation $114,285,716 $135,574,232 $177,030,816 $191,596,642
EBITDA (Bullshit earnings) $2,640,896,407 $1,678,431,404 $-346,218,494 $-177,030,816
EBIT $2,526,610,691 $1,542,857,171 $-523,249,309 $-368,627,458
Diluted Average Shares $235,864,624 $231,921,986 $218,187,459 $219,435,704
Basic Average Shares $230,154,571 $224,787,139 $218,187,459 $216,173,519
Diluted NI Availto Com Stockholders $2,478,431,418 $1,275,070,052 $-596,078,442 $-643,137,267
Tax Provision $13,445,378 $227,450,985 $30,252,101 $67,226,892
Gain On Sale Of Security $-224,089,640 $-249,859,949 $-170,308,126 $321,568,633
Research And Development $1,560,784,343 $1,664,986,025 $1,932,773,145 $1,554,061,653
Selling General And Administration $2,134,453,821 $2,098,599,479 $2,373,109,288 $2,462,745,144
Other Gand A $536,694,688 $538,935,584 $655,462,197 $701,400,573
Fetched: 2026-10-24
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $8,072,829,281 $4,791,036,503 $1,458,823,556 $1,239,215,709
Total Assets $16,823,529,723 $13,450,980,641 $9,351,260,677 $8,555,742,455
Total Non Current Assets $5,063,305,416 $4,062,745,173 $3,457,703,145 $3,679,551,889
Other Non Current Assets $68,347,340 $76,190,478 $84,033,615 $87,394,960
Non Current Deferred Assets $741,736,708 $208,403,365 $31,372,550 $8,963,586
Non Current Deferred Taxes Assets $741,736,708 $208,403,365 $31,372,550 $8,963,586
Non Current Accounts Receivable $77,310,926 $82,913,167 - -
Goodwill And Other Intangible Assets $1,259,383,777 $1,399,439,802 $1,368,067,252 $1,450,980,419
Other Intangible Assets $45,938,376 $53,781,514 $94,117,649 $142,296,921
Current Assets $11,760,224,307 $9,388,235,468 $5,893,557,532 $4,876,190,566
Other Current Assets $115,406,165 $132,212,888 $178,151,264 $309,243,703
Hedging Assets Current $8,963,586 $15,686,275 $10,084,034 $34,733,894
Receivables $1,028,571,448 $895,238,112 $983,753,520 $778,711,499
Other Receivables $298,039,221 $258,823,534 $286,834,739 $210,644,262
Taxes Receivable $129,971,991 $31,372,550 $22,408,964 $5,602,241
Accounts Receivable $600,560,235 $605,042,028 $674,509,816 $562,464,996
Allowance For Doubtful Accounts Receivable $-5,602,241 $-3,361,345 $-5,602,241 $-7,843,137
Gross Accounts Receivable $606,162,476 $608,403,373 $680,112,057 $570,308,134
Cash Cash Equivalents And Short Term Investments $10,607,283,109 $8,345,098,194 $4,721,568,715 $3,753,501,470
Cash And Cash Equivalents $5,891,316,636 $5,356,862,844 $3,489,075,695 $2,782,072,881
Prepaid Assets - - - $99,719,890
Debt
Total Debt $2,191,596,679 $2,326,050,463 $1,900,280,147 $1,885,714,321
Long Term Debt And Capital Lease Obligation $485,154,071 $2,242,016,848 $1,900,280,147 $1,885,714,321
Current Debt And Capital Lease Obligation $1,706,442,609 $84,033,615 - -
Current Debt $1,633,613,476 - - -
Other Current Borrowings $1,633,613,476 - - -
Long Term Debt - $1,724,369,780 $1,347,899,185 $1,263,865,570
Liabilities
Total Liabilities Net Minority Interest $7,491,316,665 $7,260,504,336 $6,524,369,869 $5,865,546,327
Total Non Current Liabilities Net Minority Interest $673,389,368 $2,274,509,846 $1,941,736,731 $1,926,050,456
Non Current Deferred Liabilities $182,633,057 $23,529,412 $8,963,586 $5,602,241
Non Current Deferred Taxes Liabilities $182,633,057 $23,529,412 $8,963,586 $5,602,241
Current Liabilities $6,817,927,297 $4,985,994,490 $4,582,633,138 $3,939,495,871
Other Current Liabilities $45,938,376 $105,322,131 $47,058,824 $38,095,239
Current Deferred Liabilities $796,638,670 $765,266,121 $696,918,780 $582,633,064
Payables And Accrued Expenses $4,211,764,784 $4,003,361,419 $3,815,126,121 $3,289,635,915
Payables $1,383,753,527 $1,457,703,108 $1,081,232,513 $944,537,833
Total Tax Payable $506,442,586 $412,324,938 $339,495,805 $285,714,291
Income Tax Payable $80,672,270 $36,974,791 $13,445,378 $12,324,930
Accounts Payable $877,310,941 $1,045,378,171 $741,736,708 $658,823,542
Equity
Common Stock Equity $9,332,213,058 $6,190,476,305 $2,826,890,809 $2,690,196,128
Total Equity Gross Minority Interest $9,332,213,058 $6,190,476,305 $2,826,890,809 $2,690,196,128
Stockholders Equity $9,332,213,058 $6,190,476,305 $2,826,890,809 $2,690,196,128
Gains Losses Not Affecting Retained Earnings $3,771,428,641 $3,033,053,277 $2,030,252,138 $1,704,201,712
Other Equity Adjustments $3,771,428,641 $3,033,053,277 $2,030,252,138 $1,704,201,712
Retained Earnings $-932,212,902 $-3,410,644,321 $-4,685,714,372 $-4,086,274,585
Other
Treasury Shares Number $4,092,648 $4,068,038 $4,706,152 $3,995,005
Ordinary Shares Number $230,624,684 $228,397,101 $220,888,955 $216,575,095
Share Issued $234,717,332 $232,465,139 $225,595,108 $220,570,100
Tangible Book Value $8,072,829,281 $4,791,036,503 $1,458,823,556 $1,239,215,709
Invested Capital $10,965,826,533 $7,914,846,085 $4,174,789,993 $3,954,061,698
Working Capital $4,942,297,010 $4,402,240,978 $1,310,924,394 $936,694,695
Capital Lease Obligations $557,983,204 $601,680,683 $552,380,963 $621,848,751
Total Capitalization $9,332,213,058 $7,914,846,085 $4,174,789,993 $3,954,061,698
Treasury Stock $785,434,188 $293,557,428 $293,557,428 $293,557,428
Additional Paid In Capital $7,278,431,507 $6,861,624,777 $5,775,910,471 $5,365,826,430
Capital Stock $0 $0 $0 $0
Common Stock $0 $0 $0 $0
Non Current Accrued Expenses $2,240,896 $5,602,241 $29,131,653 $31,372,550
Long Term Capital Lease Obligation $485,154,071 $517,647,068 $552,380,963 $621,848,751
Long Term Provisions $3,361,345 $3,361,345 $3,361,345 $3,361,345
Current Deferred Revenue $796,638,670 $765,266,121 $696,918,780 $582,633,064
Current Capital Lease Obligation $72,829,133 $84,033,615 - -
Current Provisions $57,142,858 $28,011,205 $23,529,412 $29,131,653
Current Accrued Expenses $2,828,011,257 $2,545,658,310 $2,733,893,608 $2,345,098,083
Investments And Advances $2,443,697,524 $1,831,932,807 $1,361,344,563 $1,275,070,052
Goodwill $1,213,445,401 $1,345,658,288 $1,273,949,603 $1,308,683,498
Net PPE $472,829,140 $463,865,555 $612,885,165 $857,142,873
Accumulated Depreciation $-718,207,296 $-759,663,880 $-755,182,087 $-504,201,690
Gross PPE $1,191,036,437 $1,223,529,434 $1,368,067,252 $1,361,344,563
Leases $389,915,974 $441,456,591 $497,479,001 $501,960,794
Other Properties $152,380,955 $113,165,268 $104,201,683 $103,081,234
Buildings And Improvements $648,739,508 $668,907,575 $766,386,569 $756,302,535
Properties $0 $0 $0 $0
Other Short Term Investments $4,715,966,474 $2,988,235,349 $1,232,493,020 $971,428,589
Fetched: 2026-10-24
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $3,217,927,230 $2,559,103,689 $755,182,087 $23,529,412
Operating Activities
Operating Cash Flow $3,286,274,571 $2,578,151,308 $761,904,776 $51,540,617
Cash Flow From Continuing Operating Activities $3,286,274,571 $2,578,151,308 $761,904,776 $51,540,617
Operating Gains Losses $86,274,511 $-17,927,171 $60,504,203 $-160,224,093
Investing Activities
Capital Expenditure $-68,347,340 $-19,047,619 $-6,722,689 $-28,011,205
Investing Cash Flow $-2,000,000,037 $-1,664,986,025 $-243,137,259 $-473,949,589
Cash Flow From Continuing Investing Activities $-2,000,000,037 $-1,664,986,025 $-243,137,259 $-473,949,589
Net Other Investing Changes $-3,361,345 $-7,843,137 $7,843,137 $-3,361,345
Financing Activities
Repurchase Of Capital Stock $-491,876,760 $0 $0 $-2,240,896
Financing Cash Flow $-426,890,764 $816,806,738 $262,184,879 $-44,817,928
Cash Flow From Continuing Financing Activities $-426,890,764 $816,806,738 $262,184,879 $-44,817,928
Net Other Financing Charges $-270,028,016 $-151,260,507 $-76,190,478 $-44,817,928
Net Common Stock Issuance $-491,876,760 $0 $0 $-2,240,896
Dividends Received Cfi $25,770,309 $21,288,516 $0 $0
Other
Repayment Of Debt $-81,792,719 $-77,310,926 $-73,949,581 $-48,179,273
Issuance Of Debt $0 $0 $2,240,896 $2,240,896
End Cash Position $5,891,316,636 $5,356,862,844 $3,489,075,695 $2,782,072,881
Beginning Cash Position $5,356,862,844 $3,489,075,695 $2,782,072,881 $3,074,509,861
Effect Of Exchange Rate Changes $-324,929,978 $137,815,129 $-73,949,581 $174,789,919
Changes In Cash $859,383,769 $1,729,972,021 $780,952,395 $-467,226,899
Proceeds From Stock Option Exercised $416,806,730 $1,045,378,171 $410,084,041 $48,179,273
Common Stock Payments $-491,876,760 $0 $0 $-2,240,896
Net Issuance Payments Of Debt $-81,792,719 $-77,310,926 $-71,708,685 $-45,938,376
Net Long Term Debt Issuance $-81,792,719 $-77,310,926 $-71,708,685 $-45,938,376
Long Term Debt Payments $-81,792,719 $-77,310,926 $-73,949,581 $-48,179,273
Long Term Debt Issuance $0 $0 $2,240,896 $2,240,896
Net Investment Purchase And Sale $-1,933,893,593 $-1,648,179,302 $-236,414,570 $-99,719,890
Sale Of Investment $19,658,263,669 $6,503,081,353 $1,545,098,068 $412,324,938
Purchase Of Investment $-21,592,157,262 $-8,151,260,655 $-1,781,512,638 $-512,044,827
Net Business Purchase And Sale $-20,168,068 $-11,204,482 $-7,843,137 $-342,857,149
Purchase Of Business $-20,168,068 $-11,204,482 $-7,843,137 $-342,857,149
Net PPE Purchase And Sale $-68,347,340 $-19,047,619 $-6,722,689 $-28,011,205
Purchase Of PPE $-68,347,340 $-19,047,619 $-6,722,689 $-28,011,205
Taxes Refund Paid $-96,358,545 $-59,383,755 $-48,179,273 $-48,179,273
Interest Received Cfo $271,148,464 $242,016,811 $124,369,750 $41,456,583
Interest Paid Cfo $-40,336,135 $-40,336,135 $-42,577,032 $-59,383,755
Change In Working Capital $277,871,154 $421,288,523 $519,887,965 $214,005,606
Change In Other Working Capital $91,876,752 $53,781,514 $121,008,406 $54,901,962
Change In Payables And Accrued Expense $314,845,944 $205,042,021 $561,344,548 $253,221,293
Change In Payable $314,845,944 $205,042,021 $561,344,548 $253,221,293
Change In Account Payable $314,845,944 $205,042,021 $561,344,548 $253,221,293
Change In Receivables $-128,851,543 $162,464,989 $-162,464,989 $-94,117,649
Changes In Account Receivables $-128,851,543 $162,464,989 $-162,464,989 $-94,117,649
Other Non Cash Items $-104,201,683 $47,058,824 $6,722,689 $-155,742,300
Stock Based Compensation $276,750,705 $299,159,669 $359,663,872 $426,890,764
Asset Impairment Charge $8,963,586 $48,179,273 $170,308,126 $0
Deferred Tax $13,445,378 $227,450,985 $30,252,101 $67,226,892
Deferred Income Tax $13,445,378 $227,450,985 $30,252,101 $67,226,892
Depreciation Amortization Depletion $114,285,716 $135,574,232 $177,030,816 $191,596,642
Depreciation And Amortization $114,285,716 $135,574,232 $177,030,816 $191,596,642
Amortization Cash Flow $25,770,309 $40,336,135 $53,781,514 $59,383,755
Amortization Of Intangibles $25,770,309 $40,336,135 $53,781,514 $59,383,755
Depreciation $88,515,408 $95,238,097 $123,249,302 $132,212,888
Gain Loss On Investment Securities $-25,770,309 $15,686,275 $2,240,896 $-79,551,822
Net Foreign Currency Exchange Gain Loss $112,044,820 $-33,613,446 $58,263,306 $-80,672,270
Net Income From Continuing Operations $2,478,431,418 $1,275,070,052 $-596,078,442 $-481,792,726
Provisionand Write Offof Assets - $0 $0 $15,686,275
Fetched: 2026-10-24