Spotify Technology S.A.

SPOT | NYSE

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$497.72

-$19.05 (-3.69%)

Sep 22, 2026, 2:47 PM ET · Market open

Overview Rating Statistics Financials Earnings Analysts Ownership Profile

Market Data

Market Cap $106.24B

Enterprise Value $96.04B

Beta 1.59

Average Volume 1.99M

Shares Outstanding (Diluted) 208.86M

Shares Change YoY 1.67%

Institutional Ownership 65.22%

Exchange NYSE

ISIN LU1778762911

Price Performance

Price Change 1M -2.3%

Price Change 3M 13.4%

Price Change 6M 9.2%

Price Change YTD -10.1%

Price Change 1Y -30.0%

Price Change 3Y 230.5%

Price Change 5Y 124.5%

1M CAGR (ann.) 5.9%

1Y CAGR (ann.) -29.6%

5Y CAGR (ann.) 16.2%

All-Time CAGR 15.8%

Valuation

PE Ratio 31.31

Forward PE 27.05

PEG Ratio 0.09

Forward PEG 1.09

PS Ratio 4.85

Forward PS 4.20

PB Ratio 11.08

P/FCF Ratio 26.83

P/Adj. FCF Ratio 28.78

P/OCF Ratio 27.21

EV/Sales 5.11

EV/EBIT 26.39

EV/EBITDA 25.63

EV/FCF 28.29

Earnings Yield 3.1%

FCF Yield 3.7%

Adj. FCF Yield 3.4%

Financial Health

Net Cash €10.73B

Total Debt €532.67M

Cash & Short-Term Investments €10.73B

Total Assets €15.71B

Current Ratio 2.11

Quick Ratio 2.11

Debt / Equity Ratio 0.06

Debt / EBITDA 0.14

Debt / FCF 0.16

OCF / Debt 6.51

Interest Coverage 78.03

Altman Z-Score 12.82

Piotroski F-Score 5

Margins & Profitability

Gross Profit Margin 32.8%

Operating Profit Margin 14.6%

EBITDA Margin 20.1%

Net Profit Margin 18.4%

FCF Margin 18.1%

Adj. FCF Margin 16.8%

SBC / Revenue 1.2%

SBC Impact (per share) -6.8%

Returns

Return on Assets 24.3%

Return on Equity 41.0%

Return on Invested Capital 28.4%

Return on Capital Employed 30.0%

Return on Tangible Assets 26.5%

Historical Growth (CAGR)

Revenue CAGR 3Y 14.8%

Revenue CAGR 5Y 16.9%

Revenue CAGR 10Y 30.3%

EPS CAGR 3Y 87.8%

EPS CAGR 5Y 137.3%

EPS CAGR 10Y 4672.3%

FCF CAGR 3Y 394.9%

FCF CAGR 5Y 68.2%

FCF CAGR 10Y 35.0%

Analyst Forecasts

Analyst Rating Buy

Analyst Count 53

EPS Growth Next 3Y 7.0%

Revenue Growth Next 3Y 14.8%

Earnings Date Nov 2, 2026

EPS Estimate (next Q) $3.71

EPS Growth Est (next Q) -15.4%

Revenue Est (next Q) $6.55B

Revenue Growth Est (next Q) 14.5%

Fair Value Estimates

Graham Number $113.90

Graham Upside -78.0%

Lynch Fair Value $412.63

Lynch Upside -20.1%

Price Target $602.50

Price Target Upside 16.6%

Cash Flow

Operating Cash Flow €3.47B

Free Cash Flow €3.39B

Adj. Free Cash Flow €3.16B

FCF Per Share $15.94

OCF Per Share $16.28

OCF/S Ratio 18.5%

Income Statement

Revenue €18.8B

Gross Profit €6.17B

Operating Income €2.75B

EBITDA €3.75B

Net Income €3.42B

EPS (Diluted) $14.15

Revenue / Employee $2.69M

Profit / Employee $488.14K

Employees 7,000