SPOT
Spotify Technology SA
483.10$
+2.1%
vs. previous close
Closing price · As of: Oct 5, 2026
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
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| Line item | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | 98.8 | 46.2 | – | – | – | – | – | – | – | – | – | 402.1 | – | – | – | – | – | – | – | – | 138.8 | 109.0 | 82.2 | 99.2 | 195.6 | 106.2 | 55.8 | 37.5 | 28.7 | |
| – | – | – | – | – | – | – | 6.6 | 6.9 | 4.1 | 4.5 | 4.4 | 3.4 | 4.0 | 3.2 | 6.6 | 6.1 | 7.6 | 6.3 | 6.2 | 4.8 | 4.7 | 2.9 | 1.7 | 1.5 | 1.3 | 2.1 | 2.5 | 2.4 | 2.8 | 3.9 | 4.5 | 5.1 | 6.0 | 7.1 | 9.5 | 8.8 | 7.2 | 5.8 | 5.3 | |
| – | – | – | – | – | – | – | 30.0 | 21.4 | 10.3 | 10.2 | 13.5 | 11.1 | 13.4 | 11.2 | 22.7 | 18.6 | 21.3 | 15.9 | 19.8 | 20.7 | 21.2 | 13.8 | 8.0 | 7.6 | 6.4 | 11.1 | – | 14.3 | 14.5 | 16.2 | 15.2 | 16.5 | 16.9 | 18.5 | 23.7 | 19.2 | 14.8 | 12.7 | 11.4 | |
| – | – | – | – | – | – | – | 6.6 | 6.9 | 4.2 | 4.3 | 4.2 | 3.4 | 4.1 | 3.3 | 6.7 | 6.1 | 7.7 | 6.4 | 6.3 | 4.9 | 4.7 | 2.8 | 1.6 | 1.4 | 1.2 | 2.0 | 2.4 | 2.5 | 2.8 | 3.9 | 4.3 | 4.8 | 5.8 | 6.9 | 9.3 | 8.6 | 7.0 | 5.5 | 5.0 | |
| – | – | – | – | – | – | – | – | – | – | – | 76.6 | 35.0 | – | 1,542.9 | – | – | – | – | 874.1 | 129.0 | 106.1 | 56.1 | 40.5 | 128.2 | – | – | – | – | – | 791.8 | 109.9 | 82.8 | 60.3 | 68.2 | 108.7 | 79.0 | 50.8 | 32.5 | 24.8 | |
| – | – | – | – | – | – | – | 367.3 | 167.5 | 99.6 | 80.1 | 78.0 | 61.0 | 62.5 | 92.0 | 218.9 | 163.8 | 330.1 | 211.5 | 212.3 | 178.9 | 162.9 | 113.6 | 70.1 | 85.0 | 727.2 | 507.1 | 1,115.1 | 150.8 | 54.7 | 65.3 | 49.7 | 42.4 | 40.9 | 44.3 | 55.9 | 51.2 | 43.0 | 31.9 | 29.2 | |
| – | – | – | – | – | – | – | 0.3% | 0.6% | 1.0% | 1.2% | 1.3% | 1.6% | 1.6% | 1.1% | 0.5% | 0.6% | 0.3% | 0.5% | 0.5% | 0.6% | 0.6% | 0.9% | 1.4% | 1.2% | 0.1% | 0.2% | 0.1% | 0.7% | 1.8% | 1.5% | 2.0% | 2.4% | 2.4% | 2.3% | 1.8% | 2.0% | 2.3% | 3.1% | 3.4% | |
| Margins | ||||||||||||||||||||||||||||||||||||||||
| – | 14.8% | 15.8% | 18.1% | 19.1% | 20.8% | 23.7% | 24.5% | 25.2% | 25.7% | 25.6% | 25.7% | 25.7% | 25.5% | 25.6% | 25.5% | 25.3% | 25.6% | 25.6% | 26.4% | 26.8% | 26.8% | 26.7% | 25.7% | 25.2% | 25.0% | 25.0% | 24.8% | 25.3% | 25.6% | 26.3% | 27.5% | 28.7% | 30.1% | 31.1% | 31.6% | 31.8% | 32.0% | 32.3% | 32.8% | |
| – | -10.7% | -10.8% | -9.5% | -9.7% | -9.2% | -6.5% | -6.3% | -4.6% | -0.8% | -0.9% | 0.6% | 1.5% | -1.1% | -0.6% | -2.8% | -4.0% | -3.7% | -3.2% | -1.0% | 0.3% | 1.0% | 0.7% | -1.2% | -3.9% | -5.6% | -6.7% | -6.9% | -4.7% | -3.4% | -0.9% | 2.7% | 5.4% | 8.7% | 10.5% | 11.1% | 11.7% | 12.8% | 13.7% | 14.6% | |
| – | -18.2% | -17.7% | -16.3% | -18.9% | -30.2% | -28.4% | -31.3% | -22.7% | -1.5% | -0.9% | 4.4% | 7.3% | -2.7% | -0.6% | -4.4% | -8.8% | -7.4% | -6.8% | -2.6% | -1.3% | -0.4% | 0.7% | -0.3% | -1.8% | -3.7% | -6.5% | -7.8% | -5.7% | -4.0% | -0.8% | 3.2% | 4.6% | 7.3% | 7.2% | 4.9% | 8.3% | 12.9% | 15.4% | 18.4% | |
| – | – | – | – | – | 3.4% | 2.9% | 1.8% | 4.1% | 4.1% | 5.6% | 5.6% | 5.5% | 6.5% | 3.5% | 3.0% | 3.7% | 2.3% | 3.0% | 2.9% | 2.7% | 2.9% | 2.6% | 2.4% | 1.8% | 0.2% | 0.4% | 0.2% | 1.6% | 5.1% | 5.9% | 9.0% | 11.9% | 14.6% | 16.1% | 17.0% | 17.3% | 16.7% | 18.2% | 18.1% | |
| Returns | ||||||||||||||||||||||||||||||||||||||||
| – | – | – | – | – | -505.8% | -766.4% | -143.1% | -70.3% | -3.7% | -2.1% | 13.7% | 23.9% | -9.1% | -2.1% | -15.2% | -27.0% | -20.7% | -17.3% | -8.3% | -5.7% | -1.6% | 3.4% | -1.3% | -8.9% | -18.1% | -33.6% | – | -34.2% | -21.0% | -3.3% | 11.0% | 15.1% | 20.6% | 18.7% | 12.1% | 18.1% | 26.6% | 33.8% | 39.8% | |
| – | -24.4% | – | – | – | -38.7% | -38.5% | -42.5% | -27.1% | -1.8% | -0.9% | 5.2% | 9.2% | -3.6% | -0.9% | -5.8% | -11.6% | -9.2% | -7.0% | -3.0% | -1.7% | -0.5% | 1.0% | -0.4% | -2.6% | -5.7% | -10.4% | -13.2% | -9.6% | -6.4% | -1.2% | 4.6% | 6.6% | 9.5% | 9.2% | 6.0% | 9.6% | 14.7% | 20.6% | 24.3% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||||||||||||
| – | 1,483 | 2,507 | – | – | -488 | 310 | 410 | 33 | 232 | -934 | -881 | 398 | 395 | 608 | 648 | 614 | 627 | 733 | 703 | 663 | 344 | -1,589 | -1,657 | -1,663 | -1,335 | -1,285 | -1,080 | 1,002 | 339 | 64 | -2,709 | -3,344 | -3,242 | -3,358 | -3,238 | -3,654 | -3,735 | -5,193 | -5,814 | |
| – | – | – | – | – | – | – | – | – | – | – | -2.6 | 0.6 | – | 40.5 | – | – | – | – | 11.3 | 1.9 | 0.8 | -3.2 | -4.0 | -14.0 | – | – | – | – | – | 0.9 | -4.8 | -3.8 | -2.2 | -2.0 | -2.3 | -2.0 | -1.6 | -1.8 | -1.6 | |
| – | -10.8% | – | – | – | 7.7% | 5.0% | 29.7% | 38.6% | 48.3% | 44.0% | 38.0% | 38.6% | 39.8% | 40.1% | 38.4% | 42.8% | 44.3% | 40.4% | 36.1% | 30.3% | 29.6% | 30.5% | 31.1% | 29.3% | 31.4% | 31.1% | -62.3% | 28.2% | 30.2% | 36.5% | 42.0% | 43.9% | 46.0% | 49.2% | 49.2% | 53.0% | 55.5% | 61.0% | 61.0% | |
| – | – | – | – | – | 0.0 | 6.5 | 1.2 | 0.7 | 0.5 | 0.0 | 0.0 | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 | 0.6 | 1.0 | 1.2 | 1.5 | 1.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | – | 1.7 | 1.4 | 1.1 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.0 | 0.0 | |
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| – | -3.61 | -3.42 | -3.44 | -4.33 | -6.93 | -7.34 | -8.02 | -5.93 | -0.41 | -0.28 | 1.48 | 2.47 | -1.02 | -0.23 | -1.73 | -3.52 | -3.06 | -2.91 | -1.15 | -0.62 | -0.18 | 0.38 | -0.16 | -1.02 | -2.22 | -4.06 | -4.95 | -3.70 | -2.71 | -0.54 | 2.26 | 3.38 | 5.44 | 5.55 | 3.92 | 6.57 | 10.41 | 12.94 | 15.99 | |
| – | 19.83 | 19.40 | 21.14 | 22.87 | 22.96 | 25.79 | 25.65 | 26.12 | 27.60 | 31.18 | 33.40 | 33.98 | 36.97 | 38.25 | 39.25 | 40.03 | 41.51 | 42.64 | 44.42 | 47.02 | 50.32 | 51.67 | 54.71 | 57.40 | 60.67 | 62.55 | 63.89 | 64.35 | 67.57 | 67.92 | 70.21 | 72.82 | 74.99 | 77.18 | 80.87 | 79.04 | 80.88 | 83.76 | 86.72 | |
| – | -1.60 | -1.43 | – | – | 1.37 | 0.96 | 5.61 | 8.44 | 10.99 | 13.62 | 10.80 | 10.30 | 11.13 | 10.84 | 11.36 | 13.02 | 14.76 | 16.89 | 13.90 | 10.88 | 11.03 | 10.95 | 11.74 | 11.43 | 12.32 | 12.09 | -23.44 | 10.80 | 12.92 | 16.32 | 20.63 | 22.32 | 26.43 | 29.65 | 32.32 | 36.39 | 39.20 | 38.27 | 40.15 | |
| – | – | – | – | – | 0.77 | 0.74 | 0.46 | 1.08 | 1.14 | 1.73 | 1.87 | 1.87 | 2.39 | 1.32 | 1.18 | 1.48 | 0.95 | 1.27 | 1.30 | 1.26 | 1.44 | 1.33 | 1.34 | 1.02 | 0.11 | 0.26 | 0.14 | 1.03 | 3.44 | 4.04 | 6.32 | 8.69 | 10.93 | 12.42 | 13.73 | 13.63 | 13.52 | 15.21 | 15.71 | |
Showing the most recent 40 periods — older statements are on file for this stock.
Data as of: October 5, 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.