SPOT
Spotify Technology S.A.
$490.57
+12.43
(+2.60%)
Mkt Cap
100.29B
Volume
516,030
52W Range
405-748.3
Sector
Communication Services
Beta
1.56
EPS (TTM)
13.21
P/E Ratio
36.92
Revenue (TTM)
17.53B
Rev Growth (5Y)
+16.9%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$537.10
Fair Value
weak signal
9.2% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade · Gated
How strong & durable the business is
F
Platform & Compounding FCF
30.0 / 100 pillar composite (overridden)
A platform business that compounds free cash flow — graded A–F vs. similar companies.
Company Description
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.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.19B | 15.67B | 13.25B | 11.73B | 9.67B | 7.88B | 6.76B | 5.26B | 4.09B | 2.95B | 1.94B |
| Net Income | 2.21B | 1.14B | (532.00M) | (430.00M) | (34.00M) | (581.00M) | (186.00M) | (78.00M) | (1.24B) | (539.00M) | (230.00M) |
| EPS | 10.77 | 5.67 | -2.73 | -2.23 | -0.18 | -3.10 | -1.03 | -0.44 | -6.93 | -3.21 | -1.37 |
| Free Cash Flow | 2.87B | 2.28B | 674.00M | 21.00M | 276.00M | 181.00M | 438.00M | 219.00M | 133.00M | 74.00M | (87.00M) |
| FCF / Share | 13.98 | 11.38 | 3.46 | 0.11 | 1.44 | 0.96 | 2.42 | 1.24 | 0.75 | 0.44 | -0.52 |
| Operating CF | 2.93B | 2.30B | 680.00M | 46.00M | 361.00M | 259.00M | 573.00M | 344.00M | 179.00M | 101.00M | (38.00M) |
| Total Assets | 15.01B | 12.00B | 8.38B | 7.57B | 7.19B | 6.32B | 5.06B | 4.34B | 3.19B | 2.11B | 1.05B |
| Total Debt | 2.32B | 2.00B | 1.70B | 1.67B | 1.79B | 576.28M | 614.95M | 0 | 969.50M | 1.12B | 10.97M |
| Cash & Equiv | 5.26B | 4.78B | 3.13B | 2.46B | 2.75B | 1.15B | 1.05B | 584.48M | 489.37M | 758.83M | 595.20M |
| Book Value | 8.33B | 5.52B | 2.53B | 2.38B | 2.13B | 2.80B | 2.01B | 2.10B | 244.17M | (241.22M) | 228.31M |
| Return on Equity | 0.27 | 0.21 | -0.21 | -0.18 | -0.02 | -0.21 | -0.09 | -0.04 | -5.06 | N/A | -1.01 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.53B | 4.53B | 4.27B | 4.19B | 4.19B | 4.24B | 3.99B | 3.81B | 3.64B | 3.67B | 3.36B | 3.18B |
| Net Income | 721.00M | 1.17B | 899.00M | (86.00M) | 225.00M | 367.00M | 300.00M | 274.00M | 197.00M | (70.00M) | 65.00M | (302.00M) |
| EPS | 3.56 | 5.71 | 4.36 | -0.42 | 1.10 | 1.81 | 1.49 | 1.37 | 0.99 | -0.33 | 0.31 | -1.42 |
| Free Cash Flow | 844.67M | 834.00M | 806.00M | 699.00M | 533.00M | 877.00M | 711.00M | 490.00M | 206.00M | 396.00M | 210.00M | 11.00M |
| FCF / Share | 4.11 | 4.05 | 3.91 | 3.40 | 2.61 | 4.32 | 3.53 | 2.45 | 1.04 | 2.02 | 1.08 | 0.06 |
| Operating CF | 849.75M | 856.00M | 829.00M | 709.00M | 539.00M | 883.00M | 715.00M | 492.00M | 211.00M | 397.00M | 211.00M | 13.00M |
| Total Assets | 13.14B | 15.01B | 14.74B | 13.49B | 12.66B | 12.00B | 10.54B | 10.13B | 9.12B | 8.38B | 7.62B | 7.31B |
| Total Debt | 476.50M | 2.32B | 2.25B | 2.39B | 2.10B | 2.00B | 1.78B | 1.79B | 1.77B | 1.70B | 1.74B | 1.69B |
| Cash & Equiv | 5.26B | 5.26B | 5.47B | 5.17B | 5.01B | 4.78B | 4.68B | 4.05B | 3.47B | 3.13B | 2.63B | 2.55B |
| Book Value | 8.02B | 8.33B | 7.80B | 6.64B | 6.23B | 5.52B | 4.63B | 4.25B | 3.33B | 2.53B | 2.15B | 2.05B |
| Return on Equity | 0.09 | 0.14 | 0.12 | -0.01 | 0.04 | 0.07 | 0.06 | 0.06 | 0.06 | -0.03 | 0.03 | -0.15 |
SPOT News
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