Symbols / SPOT
SPOT Chart
About
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.
Fundamentals
Scroll to Statements| Sector | Communication Services | Industry | Internet Content & Infor | Market Cap | 95.88B |
| Enterprise Value | 90.09B | Income | 2.21B | Sales | 17.19B |
| Book/sh | 47.72 | Cash/sh | 37.49 | Dividend Yield | — |
| Payout | 0.00% | Employees | 7000 | IPO | — |
| P/E | 37.58 | Forward P/E | 24.23 | PEG | — |
| P/S | 5.58 | P/B | 9.76 | P/C | — |
| EV/EBITDA | 39.97 | EV/Sales | 5.24 | Quick Ratio | 1.42 |
| Current Ratio | 1.73 | Debt/Eq | 23.48 | LT Debt/Eq | — |
| EPS (ttm) | 12.39 | EPS next Y | 19.22 | EPS Growth | 213.90% |
| Revenue Growth | 6.80% | Earnings | 2026-04-28 | ROA | 10.17% |
| ROE | 31.93% | ROIC | — | Gross Margin | 31.98% |
| Oper. Margin | 15.47% | Profit Margin | 12.87% | Shs Outstand | 205.83M |
| Shs Float | 155.84M | Short Float | 3.71% | Short Ratio | 2.40 |
| Short Interest | — | 52W High | 785.00 | 52W Low | 405.00 |
| Beta | 1.67 | Avg Volume | 2.80M | Volume | 2.74M |
| Target Price | $654.03 | Recom | Buy | Prev Close | $467.83 |
| Price | $465.66 | Change | -0.46% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$654.03
Mean price target
2. Current target
$465.66
Latest analyst target
3. DCF / Fair value
$59.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$465.66
Low
$417.28
High
$792.46
Mean
$654.03
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-24 | main | Guggenheim | Buy → Buy | $600 |
| 2026-02-11 | main | Guggenheim | Buy → Buy | $720 |
| 2026-02-11 | main | Evercore ISI Group | Outperform → Outperform | $700 |
| 2026-02-11 | main | Barclays | Overweight → Overweight | $650 |
| 2026-02-11 | main | Cantor Fitzgerald | Neutral → Neutral | $525 |
| 2026-02-09 | main | Keybanc | Overweight → Overweight | $720 |
| 2026-01-23 | up | Goldman Sachs | Neutral → Buy | $700 |
| 2026-01-20 | main | Barclays | Overweight → Overweight | $625 |
| 2026-01-16 | main | Benchmark | Buy → Buy | $760 |
| 2026-01-14 | main | Bernstein | Outperform → Outperform | $650 |
| 2026-01-13 | main | Wells Fargo | Overweight → Overweight | $710 |
| 2026-01-09 | main | UBS | Buy → Buy | $800 |
| 2026-01-08 | main | Cantor Fitzgerald | Neutral → Neutral | $615 |
| 2026-01-08 | main | Guggenheim | Buy → Buy | $750 |
| 2025-12-17 | init | Citizens | — → Market Outperform | $800 |
| 2025-11-05 | main | Barclays | Overweight → Overweight | $700 |
| 2025-11-05 | main | Cantor Fitzgerald | Neutral → Neutral | $675 |
| 2025-11-05 | main | Guggenheim | Buy → Buy | $800 |
| 2025-11-05 | main | Benchmark | Buy → Buy | $860 |
| 2025-11-05 | main | Rosenblatt | Neutral → Neutral | $670 |
- Assessing Spotify Technology (SPOT) After Recent Share Price Pullback - simplywall.st Wed, 25 Feb 2026 10
- Guggenheim Has Lowered Expectations for Spotify Technology (NYSE:SPOT) Stock Price - MarketBeat ue, 24 Feb 2026 16
- Spotify Stock Is Down 40%. Buy the Dip, or Run for the Hills? - The Motley Fool Wed, 18 Feb 2026 17
- Spotify Technology (SPOT) Is a Trending Stock: Facts to Know Before Betting on It - Yahoo Finance hu, 19 Feb 2026 14
- Spotify (SPOT): Guggenheim Lowers Price Target to $600 | SPOT St - GuruFocus ue, 24 Feb 2026 17
- New Sui crypto ETF lets U.S. investors tap $100B blockchain - Stock Titan ue, 24 Feb 2026 14
- Spotify Stock (SPOT) Plunges Another 7% in Wednesday Trading, Erasing All 2025 Gains - Digital Music News Wed, 04 Feb 2026 08
- Spotify Stock Is Down 46% From All-Time High: Q4 Earnings Will Reveal If Price Hikes, Video Push Are Paying Off - Stocktwits ue, 10 Feb 2026 08
- 2,581 Shares in Spotify Technology $SPOT Acquired by Fox Run Management L.L.C. - MarketBeat Wed, 25 Feb 2026 10
- Spotify (SPOT) Stock Falls Amid Market Uptick: What Investors Need to Know - Yahoo Finance hu, 11 Dec 2025 08
- A Look At Spotify Technology’s Valuation After Strong Earnings And Upbeat Guidance - simplywall.st ue, 24 Feb 2026 05
- Citigroup Upgrades Spotify Stock to ‘BUY’ as Shares Down 40% - Digital Music News Fri, 30 Jan 2026 08
- Spotify Just Crushed Earnings—So Why Is the Stock Still Down 34%? - MarketBeat ue, 10 Feb 2026 08
- Spotify (SPOT) Stock Drops Despite Market Gains: Important Facts to Note - Yahoo Finance ue, 06 Jan 2026 08
- Spotify Stock Tanks Beneath $500 — Down 19% from 2026’s Beginning — Despite Citi & Goldman Buy Ratings - Digital Music News ue, 03 Feb 2026 08
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.08M | -33.76M | -31.92M | 60.27M |
| TaxRateForCalcs | 0.01 | 0.15 | 0.21 | 0.21 |
| NormalizedEBITDA | 2.56B | 1.72B | -157.00M | -445.00M |
| TotalUnusualItems | -200.00M | -223.00M | -152.00M | 287.00M |
| TotalUnusualItemsExcludingGoodwill | -200.00M | -223.00M | -152.00M | 287.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.21B | 1.14B | -532.00M | -430.00M |
| ReconciledDepreciation | 102.00M | 121.00M | 158.00M | 171.00M |
| ReconciledCostOfRevenue | 11.69B | 10.95B | 9.85B | 8.80B |
| EBITDA | 2.36B | 1.50B | -309.00M | -158.00M |
| EBIT | 2.25B | 1.38B | -467.00M | -329.00M |
| NetInterestIncome | 226.00M | 199.00M | 93.00M | 2.00M |
| InterestExpense | 31.00M | 36.00M | 38.00M | 41.00M |
| InterestIncome | 245.00M | 223.00M | 131.00M | 47.00M |
| NormalizedIncome | 2.41B | 1.33B | -411.92M | -656.73M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.21B | 1.14B | -532.00M | -430.00M |
| TotalExpenses | 14.99B | 14.31B | 13.69B | 12.39B |
| TotalOperatingIncomeAsReported | 2.20B | 1.36B | -446.00M | -659.00M |
| DilutedAverageShares | 210.51M | 206.99M | 194.73M | 195.85M |
| BasicAverageShares | 205.41M | 200.62M | 194.73M | 192.93M |
| DilutedEPS | 10.51 | 5.50 | -2.73 | -2.93 |
| BasicEPS | 10.77 | 5.67 | -2.73 | -2.23 |
| DilutedNIAvailtoComStockholders | 2.21B | 1.14B | -532.00M | -574.00M |
| AverageDilutionEarnings | 0.00 | 0.00 | -144.00M | -165.00M |
| NetIncomeCommonStockholders | 2.21B | 1.14B | -532.00M | -430.00M |
| NetIncome | 2.21B | 1.14B | -532.00M | -430.00M |
| NetIncomeIncludingNoncontrollingInterests | 2.21B | 1.14B | -532.00M | -430.00M |
| NetIncomeContinuousOperations | 2.21B | 1.14B | -532.00M | -430.00M |
| TaxProvision | 12.00M | 203.00M | 27.00M | 60.00M |
| PretaxIncome | 2.22B | 1.34B | -505.00M | -370.00M |
| OtherIncomeExpense | -200.00M | -223.00M | -152.00M | 287.00M |
| OtherNonOperatingIncomeExpenses | 144.00M | 112.00M | ||
| GainOnSaleOfSecurity | -200.00M | -223.00M | -152.00M | 287.00M |
| NetNonOperatingInterestIncomeExpense | 226.00M | 199.00M | 93.00M | 2.00M |
| TotalOtherFinanceCost | -12.00M | -12.00M | -11.00M | 4.00M |
| InterestExpenseNonOperating | 31.00M | 36.00M | 38.00M | 41.00M |
| InterestIncomeNonOperating | 245.00M | 223.00M | 131.00M | 47.00M |
| OperatingIncome | 2.20B | 1.36B | -446.00M | -659.00M |
| OperatingExpense | 3.30B | 3.36B | 3.84B | 3.58B |
| ResearchAndDevelopment | 1.39B | 1.49B | 1.73B | 1.39B |
| SellingGeneralAndAdministration | 1.91B | 1.87B | 2.12B | 2.20B |
| SellingAndMarketingExpense | 1.43B | 1.39B | 1.53B | 1.57B |
| GeneralAndAdministrativeExpense | 479.00M | 481.00M | 585.00M | 626.00M |
| OtherGandA | 479.00M | 481.00M | 585.00M | 626.00M |
| GrossProfit | 5.50B | 4.72B | 3.40B | 2.93B |
| CostOfRevenue | 11.69B | 10.95B | 9.85B | 8.80B |
| TotalRevenue | 17.19B | 15.67B | 13.25B | 11.73B |
| OperatingRevenue | 17.19B | 15.67B | 13.25B | 11.73B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 3.65M | 3.63M | 4.20M | 3.57M |
| OrdinarySharesNumber | 205.83M | 203.84M | 197.14M | 193.29M |
| ShareIssued | 209.49M | 207.48M | 201.34M | 196.86M |
| TotalDebt | 1.96B | 2.08B | 1.70B | 1.68B |
| TangibleBookValue | 7.21B | 4.28B | 1.30B | 1.11B |
| InvestedCapital | 9.79B | 7.06B | 3.73B | 3.53B |
| WorkingCapital | 4.41B | 3.93B | 1.17B | 836.00M |
| NetTangibleAssets | 7.21B | 4.28B | 1.30B | 1.11B |
| CapitalLeaseObligations | 498.00M | 537.00M | 493.00M | 555.00M |
| CommonStockEquity | 8.33B | 5.53B | 2.52B | 2.40B |
| TotalCapitalization | 8.33B | 7.06B | 3.73B | 3.53B |
| TotalEquityGrossMinorityInterest | 8.33B | 5.53B | 2.52B | 2.40B |
| StockholdersEquity | 8.33B | 5.53B | 2.52B | 2.40B |
| GainsLossesNotAffectingRetainedEarnings | 3.37B | 2.71B | 1.81B | 1.52B |
| OtherEquityAdjustments | 3.37B | 2.71B | 1.81B | 1.52B |
| TreasuryStock | 701.00M | 262.00M | 262.00M | 262.00M |
| RetainedEarnings | -832.00M | -3.04B | -4.18B | -3.65B |
| AdditionalPaidInCapital | 6.50B | 6.12B | 5.16B | 4.79B |
| CapitalStock | 0.00 | 0.00 | 0.00 | 0.00 |
| CommonStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 6.69B | 6.48B | 5.82B | 5.24B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 601.00M | 2.03B | 1.73B | 1.72B |
| NonCurrentAccruedExpenses | 2.00M | 5.00M | 26.00M | 28.00M |
| NonCurrentDeferredLiabilities | 163.00M | 21.00M | 8.00M | 5.00M |
| NonCurrentDeferredTaxesLiabilities | 163.00M | 21.00M | 8.00M | 5.00M |
| LongTermDebtAndCapitalLeaseObligation | 433.00M | 2.00B | 1.70B | 1.68B |
| LongTermCapitalLeaseObligation | 433.00M | 462.00M | 493.00M | 555.00M |
| LongTermDebt | 1.54B | 1.20B | 1.13B | 1.20B |
| LongTermProvisions | 3.00M | 3.00M | 3.00M | 3.00M |
| CurrentLiabilities | 6.08B | 4.45B | 4.09B | 3.52B |
| OtherCurrentLiabilities | 41.00M | 94.00M | 42.00M | 34.00M |
| CurrentDeferredLiabilities | 711.00M | 683.00M | 622.00M | 520.00M |
| CurrentDeferredRevenue | 711.00M | 683.00M | 622.00M | 520.00M |
| CurrentDebtAndCapitalLeaseObligation | 1.52B | 75.00M | ||
| CurrentCapitalLeaseObligation | 65.00M | 75.00M | ||
| CurrentDebt | 1.46B | |||
| OtherCurrentBorrowings | 1.46B | |||
| CurrentProvisions | 51.00M | 25.00M | 21.00M | 26.00M |
| PayablesAndAccruedExpenses | 3.76B | 3.57B | 3.40B | 2.94B |
| CurrentAccruedExpenses | 2.52B | 2.27B | 2.44B | 2.09B |
| Payables | 1.24B | 1.30B | 965.00M | 843.00M |
| TotalTaxPayable | 452.00M | 368.00M | 303.00M | 255.00M |
| IncomeTaxPayable | 72.00M | 33.00M | 12.00M | 11.00M |
| AccountsPayable | 783.00M | 933.00M | 662.00M | 588.00M |
| TotalAssets | 15.02B | 12.01B | 8.35B | 7.64B |
| TotalNonCurrentAssets | 4.52B | 3.63B | 3.09B | 3.28B |
| OtherNonCurrentAssets | 61.00M | 68.00M | 75.00M | 78.00M |
| NonCurrentDeferredAssets | 662.00M | 186.00M | 28.00M | 8.00M |
| NonCurrentDeferredTaxesAssets | 662.00M | 186.00M | 28.00M | 8.00M |
| NonCurrentAccountsReceivable | 69.00M | 74.00M | ||
| InvestmentsAndAdvances | 2.18B | 1.64B | 1.22B | 1.14B |
| GoodwillAndOtherIntangibleAssets | 1.12B | 1.25B | 1.22B | 1.29B |
| OtherIntangibleAssets | 41.00M | 48.00M | 84.00M | 127.00M |
| Goodwill | 1.08B | 1.20B | 1.14B | 1.17B |
| NetPPE | 422.00M | 414.00M | 547.00M | 765.00M |
| AccumulatedDepreciation | -641.00M | -678.00M | -674.00M | -450.00M |
| GrossPPE | 1.06B | 1.09B | 1.22B | 1.22B |
| Leases | 348.00M | 394.00M | 444.00M | 448.00M |
| OtherProperties | 136.00M | 101.00M | 93.00M | 92.00M |
| BuildingsAndImprovements | 579.00M | 597.00M | 684.00M | 675.00M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 10.50B | 8.38B | 5.26B | 4.35B |
| OtherCurrentAssets | 103.00M | 118.00M | 159.00M | 276.00M |
| HedgingAssetsCurrent | 8.00M | 14.00M | 9.00M | 31.00M |
| PrepaidAssets | 89.00M | 74.00M | ||
| Receivables | 918.00M | 799.00M | 878.00M | 695.00M |
| OtherReceivables | 266.00M | 231.00M | 256.00M | 188.00M |
| TaxesReceivable | 116.00M | 28.00M | 20.00M | 5.00M |
| AccountsReceivable | 536.00M | 540.00M | 602.00M | 502.00M |
| AllowanceForDoubtfulAccountsReceivable | -5.00M | -3.00M | -5.00M | -7.00M |
| GrossAccountsReceivable | 541.00M | 543.00M | 607.00M | 509.00M |
| CashCashEquivalentsAndShortTermInvestments | 9.47B | 7.45B | 4.21B | 3.35B |
| OtherShortTermInvestments | 4.21B | 2.67B | 1.10B | 867.00M |
| CashAndCashEquivalents | 5.26B | 4.78B | 3.11B | 2.48B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 2.87B | 2.28B | 674.00M | 21.00M |
| RepurchaseOfCapitalStock | -439.00M | 0.00 | 0.00 | -2.00M |
| RepaymentOfDebt | -73.00M | -69.00M | -66.00M | -43.00M |
| IssuanceOfDebt | 0.00 | 0.00 | 2.00M | 2.00M |
| CapitalExpenditure | -61.00M | -17.00M | -6.00M | -25.00M |
| EndCashPosition | 5.26B | 4.78B | 3.11B | 2.48B |
| BeginningCashPosition | 4.78B | 3.11B | 2.48B | 2.74B |
| EffectOfExchangeRateChanges | -290.00M | 123.00M | -66.00M | 156.00M |
| ChangesInCash | 767.00M | 1.54B | 697.00M | -417.00M |
| FinancingCashFlow | -381.00M | 729.00M | 234.00M | -40.00M |
| CashFlowFromContinuingFinancingActivities | -381.00M | 729.00M | 234.00M | -40.00M |
| NetOtherFinancingCharges | -241.00M | -135.00M | -68.00M | -40.00M |
| ProceedsFromStockOptionExercised | 372.00M | 933.00M | 366.00M | 43.00M |
| NetCommonStockIssuance | -439.00M | 0.00 | 0.00 | -2.00M |
| CommonStockPayments | -439.00M | 0.00 | 0.00 | -2.00M |
| NetIssuancePaymentsOfDebt | -73.00M | -69.00M | -64.00M | -41.00M |
| NetLongTermDebtIssuance | -73.00M | -69.00M | -64.00M | -41.00M |
| LongTermDebtPayments | -73.00M | -69.00M | -66.00M | -43.00M |
| LongTermDebtIssuance | 0.00 | 0.00 | 2.00M | 2.00M |
| InvestingCashFlow | -1.78B | -1.49B | -217.00M | -423.00M |
| CashFlowFromContinuingInvestingActivities | -1.78B | -1.49B | -217.00M | -423.00M |
| NetOtherInvestingChanges | -3.00M | -7.00M | 7.00M | -3.00M |
| DividendsReceivedCFI | 23.00M | 19.00M | 0.00 | 0.00 |
| NetInvestmentPurchaseAndSale | -1.73B | -1.47B | -211.00M | -89.00M |
| SaleOfInvestment | 17.55B | 5.80B | 1.38B | 368.00M |
| PurchaseOfInvestment | -19.27B | -7.28B | -1.59B | -457.00M |
| NetBusinessPurchaseAndSale | -18.00M | -10.00M | -7.00M | -306.00M |
| PurchaseOfBusiness | -18.00M | -10.00M | -7.00M | -306.00M |
| NetPPEPurchaseAndSale | -61.00M | -17.00M | -6.00M | -25.00M |
| PurchaseOfPPE | -61.00M | -17.00M | -6.00M | -25.00M |
| OperatingCashFlow | 2.93B | 2.30B | 680.00M | 46.00M |
| CashFlowFromContinuingOperatingActivities | 2.93B | 2.30B | 680.00M | 46.00M |
| TaxesRefundPaid | -86.00M | -53.00M | -43.00M | -43.00M |
| InterestReceivedCFO | 242.00M | 216.00M | 111.00M | 37.00M |
| InterestPaidCFO | -36.00M | -36.00M | -38.00M | -53.00M |
| ChangeInWorkingCapital | 248.00M | 376.00M | 464.00M | 191.00M |
| ChangeInOtherWorkingCapital | 82.00M | 48.00M | 108.00M | 49.00M |
| ChangeInPayablesAndAccruedExpense | 281.00M | 183.00M | 501.00M | 226.00M |
| ChangeInPayable | 281.00M | 183.00M | 501.00M | 226.00M |
| ChangeInAccountPayable | 281.00M | 183.00M | 501.00M | 226.00M |
| ChangeInReceivables | -115.00M | 145.00M | -145.00M | -84.00M |
| ChangesInAccountReceivables | -115.00M | 145.00M | -145.00M | -84.00M |
| OtherNonCashItems | -93.00M | 42.00M | 6.00M | -139.00M |
| StockBasedCompensation | 247.00M | 267.00M | 321.00M | 381.00M |
| ProvisionandWriteOffofAssets | 0.00 | 0.00 | 14.00M | 0.00 |
| AssetImpairmentCharge | 8.00M | 43.00M | 152.00M | 0.00 |
| DeferredTax | 12.00M | 203.00M | 27.00M | 60.00M |
| DeferredIncomeTax | 12.00M | 203.00M | 27.00M | 60.00M |
| DepreciationAmortizationDepletion | 102.00M | 121.00M | 158.00M | 171.00M |
| DepreciationAndAmortization | 102.00M | 121.00M | 158.00M | 171.00M |
| AmortizationCashFlow | 23.00M | 36.00M | 48.00M | 53.00M |
| AmortizationOfIntangibles | 23.00M | 36.00M | 48.00M | 53.00M |
| Depreciation | 79.00M | 85.00M | 110.00M | 118.00M |
| OperatingGainsLosses | 77.00M | -16.00M | 54.00M | -143.00M |
| GainLossOnInvestmentSecurities | -23.00M | 14.00M | 2.00M | -71.00M |
| NetForeignCurrencyExchangeGainLoss | 100.00M | -30.00M | 52.00M | -72.00M |
| NetIncomeFromContinuingOperations | 2.21B | 1.14B | -532.00M | -430.00M |
SEC Filings
No SEC filings found for this symbol (may be non-US or ticker not in SEC index).
Public Trades for SPOT
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|