74/100B609.02
USD
10.52
(1.76%)
Market Open
Last updated: · Delayed 15 min
If you had invested in Spotify Technology SA ago, it would be worth $4,558 today, against $3,131 in SPY and $4,356 in QQQ.
Arincen ScoreWhat is the Arincen Score? The Arincen Score grades a company out of 100 from 30 checks on its own reported figures, five checks in each of six parts.Beta
74/100
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation3.3
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders3.3
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2025; the price as of today.
Spotify Technology SA key facts
- StyleWhat does a stock's style mean? The style label sorts a stock as growth, value, dividend, blend or speculative, with a 1 to 10 meter showing how strongly it fits.
- Growth stock · 8.7/10Growth 8.7 · Value 1.6
- Day range
- 598.57 – 614.41
- 52-week range
- 405.00 – 668.50
- Market capitalizationWhat is market capitalization? Market cap is what the stock market values a whole company at: its share price times the number of its shares outstanding.
- 125.17B USD
- P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 38.33
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.27
- EPSWhat is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period.
- 15.89
- EPS growth forecast (FY2026)
- +36.6%
- Volume
- 7,078
- BetaWhat is beta in stocks? Beta measures how much a stock tends to move when the whole market moves: 1 moves with it, under 1 is calmer, over 1 swings more.
- 1.49
- ESG scoreWhat is an ESG score? An ESG score rates how a company handles the environment, its people and its governance, out of 100. Higher is better.
- 86.6/100Environment 88 · Social 84 · Governance 88
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Alex Norström
- Employees
- 7K
- Website
- open.spotify.com
- IPO date
- 3 Apr 2018
Spotify Technology SA earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
Next earnings · Q4 FY2026
EPS estimate
3.69 USD
Revenue estimate
5.80B USD
Last quarter · Q3 FY2026
EPS2.81Missed -11.6%Revenue5.63BMissed -0.3%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 4.25 | — | — | +51.14% | 6.33B | — | — | +12.42% | |
| Q2 FY2027 | 3.98 | — | — | +31.40% | 6.08B | — | — | +11.37% | |
| Q1 FY2027 | 3.91 | — | — | -3.26% | 5.81B | — | — | +10.87% | |
| Q4 FY2026 | 3.69 | — | — | -28.49% | 5.80B | — | — | +8.90% | |
| Q3 FY2026 | 3.18 | 2.81 | -11.64% | -26.63% | 5.64B | 5.63B | -0.26% | +12.50% | |
| Q2 FY2026 | 3.16 | 3.03 | -4.11% | — | 5.47B | 5.46B | -0.32% | +10.50% | |
| Q1 FY2026 | 3.43 | 4.04 | +17.78% | +257.52% | 5.23B | 5.24B | +0.15% | +14.02% | |
| Q4 FY2025 | 3.21 | 5.16 | +60.75% | +174.47% | 5.31B | 5.32B | +0.17% | +21.15% | |
| Q3 FY2025 | 2.29 | 3.83 | +67.25% | +137.89% | 4.97B | 5.00B | +0.74% | +14.40% | |
| Q2 FY2025 | 2.30 | -0.48 | -120.87% | -136.09% | 5.02B | 4.94B | -1.62% | +20.61% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 21.33 | — | — | +26.39% | 28.23B | — | — | +13.54% |
| FY2027 | 16.88 | — | — | +28.16% | 24.87B | — | — | +14.80% |
| FY2026 | 13.17 | — | — | +36.60% | 21.66B | — | — | +9.09% |
| FY2025 | 8.42 | 9.64 | +14.54% | +66.49% | 20.16B | 19.86B | -1.53% | +18.43% |
| FY2024 | 5.99 | 5.79 | -3.29% | — | 16.11B | 16.77B | +4.09% | +16.82% |
| FY2023 | -2.87 | -2.77 | +3.42% | — | 14.80B | 14.35B | -3.01% | +18.90% |
| FY2022 | -2.58 | -3.09 | -19.97% | — | 12.51B | 12.07B | -3.49% | +7.36% |
Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved
Spotify Technology SA analyst forecastWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
12-month price target
627.77 USD
+3.08%
Analysts' 1-year price targets range from 490.00 to 725.00, with an average of 627.77.
Past year
1-year forecast
Strong sellStrong buy
Buy
20 ratings
| Buy | 15 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 725.00 |
| Average target | 627.77 |
| Lowest target | 490.00 |
| Current price | 609.02 |
Spotify Technology SA valuationWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 38.33
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 46.25
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 6.02
- Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.
- 11.41
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 29.15
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
125.17B USD
+
Total debt
567.30M USD
−
Cash and short-term investments
12.41B USD
=
Enterprise value
113.33B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
Spotify Technology SA against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: AT&T, T-Mobile US, Comcast, Verizon Communications, The Walt Disney, and DoorDash, the US Communication Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- Gross marginHighest in 5 years32.0%25.0%32.0%Against its peers: 7 of 7Peers' median 49.3%
- Operating marginHighest in 5 years12.8%-5.6%12.8%Against its peers: 6 of 7Peers' median 18.3%
- Net marginHighest in 5 years12.9%-4.0%12.9%Against its peers: 4 of 7Peers' median 12.8%
- Return on equityHighest in 5 years26.6%-21.1%26.6%Against its peers: 1 of 7Peers' median 17.5%
- Free cash flow marginHighest in 5 years16.7%0.2%16.7%Against its peers: 2 of 7Peers' median 15.5%
- Revenue growthLowest in 5 years9.7%9.7%22.7%Against its peers: 2 of 7Peers' median 3.0%
- Debt to EBITDALowest in 5 years0.83×0.83×4.28×Against its peers: 1 of 7Peers' median 2.78×
- Current ratioAbove its median1.721.241.88Against its peers: 1 of 7Peers' median 0.91
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Spotify Technology SA growth and profitabilityWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 18.81B EUR
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 2.96B EUR
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 33.12%
- Operating margin
- 14.58%
- Net margin
- 15.73%
Revenue / Net income
Revenue Net income Net margin
Spotify Technology SA revenue breakdown
By product
FY2024
88.2%Premium11.8%Ad-Supported
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Premium | 14.95B | 88.2% | +19.5% |
| Ad-Supported | 2.01B | 11.8% | +10.4% |
By region
FY2025
62.3%Other Countries37.6%United States
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Other Countries | 10.70B | 62.3% | +33.1% |
| United States | 6.47B | 37.6% | +5.4% |
| Luxembourg | 13.00M | 0.1% | +30.0% |
How Spotify Technology SA makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Revenue17.19B 100.0%
Cost of revenue11.69B 68.0%
Gross profit5.50B 32.0%
Research and development1.39B 8.1%
Selling and administration1.91B 11.1%
Operating income2.20B 12.8%
Tax12.00M 0.1%
Net income2.21B 12.9%
FY2025, in EUR. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in EUR. Each band is as wide as its money; the percentage is its share of revenue.
Spotify Technology SA financial health
- Cash and short-term investments
- 11.23B EUR
- Total debt
- 513.40M EUR
- Net cash
- 10.72B EUR
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 3.20B EUR
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 2.13
- Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
- 0.05
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 8 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 13.00
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Spotify Technology SA ownershipWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 66.01%
- Institutional holders
- 1,343 (-25)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 76.41%
Who owns the shares
Institutions 66.0% Others 34.0%
As of 30 Jun 2026
Shares free to trade
Free float 157.05M shares ·76.4% Closely held 48.48M shares ·23.6%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 8 | 29.05K | 45.29K |
| Q3 2026 | 0 | 55 | 75.17K | 157.82K |
| Q2 2026 | 0 | 9 | 198.58K | 269.45K |
| Q1 2026 | 0 | 0 | 0.00 | 0.00 |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Source: Financial Modeling PrepVerified against SEC filings
News
Arincen
Market Roundup: What Happened Yesterday and What Awaits Us Today (April 29):
Arincen.webp)
Market Summary: What Happened Yesterday and What Awaits Us Today (February 11):
Title: Spotify Technology SA
Sector: Communication Services
Industry: Internet Content & Information
Spotify is the leading global music streaming service, with over 800 million monthly active users and more than 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.