Spotify Technology SA (SPOT)
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Spotify Technology S.A. operates one of the world’s largest audio streaming platforms, connecting listeners with music, podcasts and audiobooks through mobile, desktop, web, smart speaker and in-car applications. The service gives users access to a broad catalogue that includes recordings from the major music labels, independent artists and podcast publishers, supported by recommendation tools, playlists and personalization features that are central to its consumer offering.
The company uses a freemium model. Its ad-supported tier lets listeners use the platform at no upfront cost, while the Premium tier provides paid subscribers with benefits such as on-demand playback, offline listening and an ad-free music experience. Subscription revenue is the core of Spotify’s business and accounts for most of its gross profit, while advertising revenue comes from free users and podcast-related ad inventory.
Spotify’s scale is a key part of its market position. With hundreds of millions of monthly active users worldwide and a large base of paying subscribers, the company has significant bargaining relevance in the recorded music industry and a valuable data set for improving discovery and engagement. It also serves creators through tools for distribution, analytics, promotion and monetisation.
Beyond music, Spotify continues to build a broader audio ecosystem. Podcasts are integrated into the same app as music, and the company has expanded into audiobooks in selected markets. This strategy is designed to increase listening time, diversify content formats and strengthen Spotify’s role as a daily audio destination.
Last updated
- Market Cap
- $101,566,029,824
- P/E
- 33.65
- P/FCF
- —
- P/S
- 5.79
- Enterprise Value
- $90,507,301,650
- Sector
- Communication Services
- Industry
- Movies & Entertainment
- Address
- Regeringsgatan 19, Stockholm, 111 53
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $101,566,029,824
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $90,507,301,650
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 33.65
- P/B
P/B ratio compares a company's share price to its book value per share.
- 10.95
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 5.79
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 26.81
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 4.53
- EPS
- 14.68
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- —
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $844,665,518
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 37.99%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 11.64%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.06
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 2.06
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 2.03
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 5,260,480,344
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- —
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- —
Income Statement
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Revenue | 20.16B | 16.31B | 14.64B | 12.58B | 10.99B |
| Cost of revenue | 13.72B | 11.39B | 10.89B | 9.44B | 8.05B |
| Gross profit | 6.45B | 4.92B | 3.76B | 3.14B | 2.95B |
| Operating income | 2.58B | 1.42B | -493.03M | -706.89M | 106.89M |
| EBITDA | 2.7B | 1.55B | -318.37M | -523.46M | 251.31M |
| Net income | 2.6B | 1.18B | -588.1M | -461.25M | -38.66M |
| Income taxes | 14.08M | 211.23M | 29.85M | 64.36M | 321.81M |
| Interest expense | -312.09M | -366.28M | -243.2M | -141.59M | -103.48M |
| Other operating expenses | 0 | 0 | 0 | 0 | 0 |
| Total operating expenses | 3.87B | 3.5B | 4.25B | 3.85B | 2.84B |
| Basic EPS | 12.64 | 5.9 | -3.02 | -2.39 | -0.2 |
| Diluted EPS | 12.33 | 5.72 | -3.02 | -3.14 | -0.2 |
Balance Sheet
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Total assets | 17.62B | 12.49B | 9.23B | 8.19B | 8.15B |
| Total liabilities | 7.84B | 6.74B | 6.44B | 5.62B | 5.74B |
| Total equity | 9.77B | 5.75B | 2.79B | 2.58B | 2.41B |
| Cash & equivalents | 6.17B | 4.97B | 3.44B | 2.66B | 3.12B |
| Current assets | 12.31B | 8.72B | 5.81B | 4.67B | 4.97B |
| Current liabilities | 7.14B | 4.63B | 4.52B | 3.77B | 3.67B |
| Accounts payable | 1.4B | 1.4B | 1.08B | 906.41M | 901.76M |
| Receivables | 1.08B | 831.41M | 970.59M | 745.51M | 711.85M |
| Goodwill | 1.27B | 1.25B | 1.26B | 1.25B | 1.02B |
| Long-term debt | — | 1.6B | 1.33B | 1.21B | 1.37B |
Cash Flow
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Operating cash flow | 3.44B | 2.39B | 751.71M | 49.34M | 410.51M |
| Investing cash flow | -2.09B | -1.55B | -239.88M | -453.74M | -212.65M |
| Financing cash flow | -447.02M | 758.57M | 258.68M | -42.91M | 1.42B |
| Change in cash | 899.9M | 1.61B | 770.5M | -447.3M | 1.62B |
| Net income | 2.6B | 1.18B | -588.1M | -461.25M | -38.66M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 144 — Spotify Technology S.A. | View Filing | |
| edgar index | 144 — Spotify Technology S.A. | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Lundstrom Anna | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Jenkins Dustee | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| form 4 | Form 4 — Jenkins Dustee | View Filing | |
| form 4 | Form 4 — Lundstrom Anna | View Filing | |
| form 4 | Form 4 — Norstrom Alex | View Filing | |
| form 4 | Form 4 — Soderstrom Gustav | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| edgar index | 4 — Spotify Technology S.A. | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Marshall Christopher P | View Filing | |
| form 4 | Form 4 — Lorentzon Sven Hans Martin | View Filing | |
| form 4 | Form 4 — STAGGS THOMAS O | View Filing | |
| form 4 | Form 4 — O'NEILL HEIDI | View Filing | |
| form 4 | Form 4 — Mehrotra Shishir | View Filing |
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