SPOT
Spotify Technology S.A.
$482.66
+13.67
(+2.91%)
Mkt Cap
99.24B
Volume
1,023,863
52W Range
405-748.3
Sector
Communication Services
Beta
1.56
EPS (TTM)
13.21
P/E Ratio
36.54
Revenue (TTM)
17.53B
Rev Growth (5Y)
+16.9%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$536.12
Fair Value
weak signal
10.0% 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
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Assetmark Inc. Has $9.79 Million Stock Position in Spotify Technology $SPOT
Spotify (SPOT) Increases Despite Market Slip: Here's What You Need to Know
Boston Common Asset Management LLC Raises Stock Position in Spotify Technology $SPOT
Cantillon Capital Management LLC Acquires Shares of 439,353 Spotify Technology $SPOT