Spotify Technology S.A.

XTRA:639 Stock Report

Market Cap: €102.1b

Spotify Technology Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Alex Norström

Chief executive officer

€16.0m

Total compensation

CEO salary percentage1.87%
CEO tenureno data
CEO ownership0.03%
Management average tenureless than a year
Board average tenure8.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alex Norström's remuneration changed compared to Spotify Technology's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

€1b

Jun 30 2025n/an/a

€806m

Mar 31 2025n/an/a

€1b

Dec 31 2024€16m€300k

€1b

Sep 30 2024n/an/a

€701m

Jun 30 2024n/an/a

€466m

Mar 31 2024n/an/a

-€110m

Dec 31 2023€12m€290k

-€532m

Sep 30 2023n/an/a

-€732m

Jun 30 2023n/an/a

-€963m

Mar 31 2023n/an/a

-€786m

Dec 31 2022€9m€304k

-€430m

Sep 30 2022n/an/a

-€199m

Jun 30 2022n/an/a

-€31m

Mar 31 2022n/an/a

€74m

Dec 31 2021€6m€303k

-€34m

Sep 30 2021n/an/a

-€120m

Jun 30 2021n/an/a

-€223m

Mar 31 2021n/an/a

-€559m

Dec 31 2020€5m€310k

-€581m

Sep 30 2020n/an/a

-€665m

Jun 30 2020n/an/a

-€323m

Mar 31 2020n/an/a

-€43m

Dec 31 2019€6m€297k

-€186m

Compensation vs Market: Alex's total compensation ($USD18.79M) is above average for companies of similar size in the German market ($USD5.44M).

Compensation vs Earnings: Alex's compensation has increased by more than 20% in the past year.


CEO

Alex Norström (47 yo)

no data
Tenure
€16,030,806
Compensation

Mr. Alex Norström has been Co-Chief Executive Officer & Director of Spotify Technology S.A. since January 1, 2026. He was Co-President & Chief Business Officer of Spotify Technology S.A. since February 1,...


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Ek
Founder & Executive Chairman17.5yrs€644.15k6.05%
€ 6.2b
Alex Norström
Co-CEO & Directorno data€16.03m0.026%
€ 27.0m
Sven Lorentzon
Co-Founder & Director20yrs€726.51k9.71%
€ 9.9b
Christian Luiga
Chief Financial Officer1.3yrs€6.02mno data
Dustee Jenkins
Chief Public Affairs Officerno data€6.10m0.0090%
€ 9.2m
Bryan Goldberg
Head of Investor Relationsno datano datano data
Eve Konstan
General Counsel5.7yrsno data0.011%
€ 11.7m
Tanmaya Trivedi
Director of Salesless than a yearno datano data
Anna Lundström
Chief Human Resources Officerno datano datano data
0.7yrs
Average Tenure
51.5yo
Average Age

Experienced Management: 639's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Ek
Founder & Executive Chairman17.5yrs€644.15k6.05%
€ 6.2b
Alex Norström
Co-CEO & Directorno data€16.03m0.026%
€ 27.0m
Sven Lorentzon
Co-Founder & Director17.5yrs€726.51k9.71%
€ 9.9b
Christopher Marshall
Lead Independent Director10.6yrs€328.17k0.029%
€ 30.0m
Thomas Staggs
Independent Director8.6yrs€479.45k0.011%
€ 11.5m
Shishir Mehrotra
Independent Director8.6yrs€626.95k0.027%
€ 27.5m
Padmasree Warrior
Independent Director8.6yrs€384.37k0.0035%
€ 3.5m
Theodore Sarandos
Independent Director9.3yrs€440.58k0.0067%
€ 6.8m
Heidi O'Neill
Independent Director8.1yrs€328.17k0.0031%
€ 3.1m
Mona Sutphen
Independent Director4.8yrs€412.47kno data
W. McCarthy
Independent Director6yrs€440.58k0.18%
€ 186.5m
8.6yrs
Average Tenure
57yo
Average Age

Experienced Board: 639's board of directors are considered experienced (8.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/02 19:31
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spotify Technology S.A. is covered by 74 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel LourenszArete Research Services LLP
Richard KramerArete Research Services LLP
William Noel MilnerArete Research Services LLP