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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

Spotify Technology SA (SPOT)

Communication Services Internet Content & Information
499.90 $
-4.3% vs. previous close
Closing price · As of: 31. Jul 2026
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Quality & Balance Sheet

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Trading Day

Previous Close
522.60$
Open
507.90$
Day High
520.00$
Day Low
499.20$
Volume
2,295,578shares

Key levels of the most recently completed trading day — not a live quote.

52-Week Range

52-Week Low 52-Week High
412.80 $ 738.50 $
02/05/2026 09/22/2025

Current price 499.90 $ — 27% of the range above the low.

Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.

Basics

Market Cap
102.8$B
Shares Outstanding
206Mio.
Float
76.4%
Beta
1.6

Performance

Perf. 1M
-10.50%
Perf. 3M
-2.20%
Perf. 6M
-21.20%
YTD Performance (%)
-21.60%
52-Week-High Distance
-43.8%
Perf. 1Y
-20.21%
Perf. 3Y
234.61%
Perf. 5Y
118.63%
Perf. Since Inception
235.51%

Technical Indicators

MA 38 Days
481.20$
MA 50 Days
485.50$
MA 200 Days
523.80$
RSI (14)
54.5
Volatility 30 Days
35.4%
Volatility 250 Days
43.5%

Calculated from the price history · as of 08/03/2026

Valuation

P/E
35.6
Forward P/E
34.6
PEG
1.7
P/B
11.8
P/S
5.9
EV/EBITDA
27.3
Price/FCF
32.3

Profitability

Gross Margin
32.3%
EBIT Margin
15.8%
Net Margin
15.5%
Return on Equity
38.0%
Return on Assets
11.6%

Balance Sheet & Safety

Equity Ratio
61.0%
Debt/Equity
0.1
Altman Z″
8.81
very solid
Piotroski
9 out of 9

Growth

Sales Growth Last Quarter
8.20%
EPS Growth Last Quarter
222.40%
Sales Growth (Year)
9.65%
Forward Sales Growth
14.25%
Forward EPS Growth
24.20%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage
4
RS Rating
13
Top 10%
EPS Rating
91
very solid
Piotroski
9 out of 9
Fundamental Rating
A (78 out of 100)
Altman Z″
8.81

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Analysts & Price Target

Current Price 499.90 $
Price Target (average) 606.64 $

The price target sits 21.4% above the current price.

Consensus
Sell
Analyst Ratings
40
Distribution of Recommendations
Strong Buy 19
Buy 6
Hold 13
Sell 2
Strong Sell 0

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 12.73 11.30 – 14.62 19,463 21.1% 27
12/31/2027 15.80 13.75 – 18.99 22,245 24.1% 26

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Next Reporting Date

4. Aug 2026 · before the open · Q2 2026
Expected Earnings per Share
3.27 $

Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

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The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 4,242.0 $M Q4 2025: Q1 · 4,190.0 $M Q1 2025: Q2 · 4,193.0 $M Q2 2025: Q3 · 4,272.0 $M Q3 2025: Q4 · 4,531.0 $M Q4 2026: Q1 · 4,533.0 $M Q1

Source: fundamental data

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Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 1.76 4,242 15.60 8.70 883 877
2025: Q1 1.07 10.70 4,190 15.20 5.40 539 533
2025: Q2 -0.42 -131.50 4,193 10.10 -2.10 709 699
2025: Q3 4.21 190.70 4,272 7.10 21.00 829 806
2025: Q4 5.52 214.70 4,531 6.80 25.90 856 834
2026: Q1 3.45 221.90 4,533 8.20 15.90 850 845
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Annual Figures

Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 2,952 -349 -539 -3.21 101 -241 2,111
2017 4,090 -378 -1,235 -6.93 179 1,182 3,107
2018 5,259 -43 -78 -0.43 344 2,094 4,336
2019 6,764 -73 -186 -1.03 573 2,037 5,122
2020 7,880 -293 -581 -3.10 259 2,805 6,326
2021 9,668 94 -34 -0.18 361 2,119 7,170
2022 11,727 -659 -430 -2.20 46 2,381 7,573
2023 13,247 -446 -532 -2.73 680 2,533 8,378
2024 15,673 1,365 1,138 5.50 2,301 5,525 12,005
2025 17,186 2,198 2,212 10.51 2,933 8,325 15,009

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

About the Company

Spotify Technology S.A.

Employees7,258
HeadquartersStockholm, Sweden
AddressRegeringsgatan 19, 111 53 Stockholm, Sweden
Websitespotify.com
IPO Date3. Apr 2018
ISINLU1778762911

Management

Management
Name Title Birth Year
Daniel G. Ek Founder & Executive Chairman 1983
Alex Norström Co-CEO & Director 1977
Gustav Söderström Co-CEO & Director 1977
Sven Martin Lorentzon Co-Founder & Director 1969
Christian Luiga Chief Financial Officer 1968
Dustee Tucker Jenkins Chief Public Affairs Officer 1979
John P. Giraldo Chief Accounting Officer 1968
Bryan Daniel Goldberg Head of Investor Relations
Aditi Shorewal Head of PR & Communications
Tanmaya Trivedi Director of Sales

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Insider Transactions

Insider Transactions
Date Person Role Type Shares Price Value
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 40 486.00 19,440
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 135 485.47 65,539
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 625 484.48 302,803
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 150 483.64 72,545
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 635 482.37 306,305
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 1,409 481.23 678,055
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 1,224 480.38 587,979
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 385 478.45 184,204
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 324 477.33 154,654
6. Jul 2026 Norstrom Alex Co-Chief Executive Officer Sell 509 476.31 242,442

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

View all insider transactions →

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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