Spotify Technology (SPOT) Stock Overview
Provides audio streaming subscription services worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for SPOT from our risk checks.
SPOT Community Fair Values
Create NarrativeSee what 364 others think this stock is worth. Follow their fair value or set your own to get alerts.
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Spotify Technology S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$470.01 |
| 52 Week High | US$785.00 |
| 52 Week Low | US$405.00 |
| Beta | 1.72 |
| 1 Month Change | -7.35% |
| 3 Month Change | -19.06% |
| 1 Year Change | -16.87% |
| 3 Year Change | 258.10% |
| 5 Year Change | 67.77% |
| Change since IPO | 215.42% |
Recent News & Updates
Recent updates
Spotify (SPOT): The Audio Super-Platform – Scaling Profitability in the "Year of Raising Ambition"
Spotify Technology (SPOT) has decisively silenced the skeptics who questioned its ability to turn massive scale into meaningful profit. Following its Q4 fiscal 2025 earnings report on February 10, 2026 , the stock experienced a powerful 12% surge , eventually stabilizing around $511.84 as of February 27.
Spotify - A Fundamental and Historical Valuation
️Business Overview Key Metrics Total: -1/17 +1 ✅ Projected Operating Margin: 17.56% +1 ✅ Projected 5-Year Revenue CAGR: 10.87% +0 ⚠️ Last 5-Year ROIC: 4.68% -2 ❌ Estimated Cost of Capital: 7.71% (greater than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +2.07% +1 ✅ Projected 5-Year EPS CAGR: 15.46% +0 ⚠️ Projected 5-Year Dividend CAGR: N/A +1 ✅ Estimated Debt Rating: A1 -1 ❌ Morningstar Moat: Narrow -1 ❌ Morningstar Uncertainty: High Despite its Narrow Moat rating by Morningstar, Spotify still shows an operating margin around ~15-20% and expanding. Its revenue and EPS growth is also solid between 10-15%.Spotify Technology S.A.'s (NYSE:SPOT) 26% Cheaper Price Remains In Tune With Earnings
Feb 05
We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve
Nov 11Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?
Jul 31We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve
May 07Spotify Q4: Profitability Is Only Getting Better
Feb 05Spotify Q4 Preview: Changing Creator Incentives
Jan 22Spotify: The Operational Leverage Run Is Close To Being Over, What's Next?
Jan 15Spotify: My Top Investment Pick For 2025
Dec 15Spotify Q3: Strong Subscriber Growth And Margin Improvement
Nov 12
Narrative update from Richard Bowman
Monthly active users up 2% Q/Q and 14% Y/YSpotify: Beware Slowing MAU Growth, Lock In Gains And Sell (Rating Downgrade)
Aug 24
Narrative update from Michael Paige
In terms of market share, nothing has particularly changed, and reports still indicate that it has around one-third of market share in the industry.Spotify Q2: Subscriber Gains With Improved Monetization
Jul 23Spotify: Ready To Jump As Price And Bundling Adjustment Flow To Earnings
Jul 16Spotify: Price Increases Are Helping To Mask Weaker User Growth
Jun 07Narrative update from Michael Paige
In terms of market share, nothing has particularly changed, and reports still indicate that it has around one-third of market share in the industry.Spotify: Bet On This 'Forever-Subscription' Company
May 06Narrative update from Richard Bowman
Spotify’s Focus on Profitability is Beginning to Pay Off Spotify announced solid results for the first quarter. Premium subs increased by 14% from Q1 2023, but were only 3 million higher than Q4 2023.Spotify: Firing On All Cylinders, Initiating Stock With 'Strong Buy'
Apr 24Wall Street Lunch: Spotify To Introduce Music Videos
Mar 13Spotify's Long-Term Prospects Outweigh Present Stock Valuation Concerns
Feb 28Ad Revenue and Margin Improvement Will Lead to Stronger Cash Flows
Premium revenue to be kept in check by competition and market saturation.Spotify: Time To Lock In Gains For Now (Rating Downgrade)
Feb 14Spotify Q4 2023 Earnings Update
Feb 07Spotify: Music Streaming Remains A Competitive Nightmare
Jan 08Spotify: Optimism Is Returning
Dec 04Narrative update from Michael Paige
On October 24th, Spotify reported its Q3 results and I was very happy with the performance as it showed general continuation of trends in the right direction for MAU, Premium subscribers, revenue andSpotify: Focus On Profitability Makes Me Positive
Oct 31Spotify Q3 Earnings Preview: Fasten The Seat Belt
Oct 23Industry Tailwinds, Increased Monetization and Changing Cost Structure Will Lead To Higher Cash Flows
Spotify is wisely focusing on long-term objectives over short-term profitability.Shareholder Returns
| SPOT | US Entertainment | US Market | |
|---|---|---|---|
| 7D | -0.7% | 1.8% | -0.3% |
| 1Y | -16.9% | 4.2% | 16.1% |
Return vs Industry: SPOT underperformed the US Entertainment industry which returned 4.2% over the past year.
Return vs Market: SPOT underperformed the US Market which returned 16.1% over the past year.
Price Volatility
| SPOT volatility | |
|---|---|
| SPOT Average Weekly Movement | 8.0% |
| Entertainment Industry Average Movement | 9.2% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: SPOT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SPOT's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 7,000 | Alex Norström | www.spotify.com |
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.
Spotify Technology S.A. Fundamentals Summary
| SPOT fundamental statistics | |
|---|---|
| Market cap | US$99.81b |
| Earnings (TTM) | US$2.56b |
| Revenue (TTM) | US$19.91b |
Is SPOT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPOT income statement (TTM) | |
|---|---|
| Revenue | €17.19b |
| Cost of Revenue | €11.69b |
| Gross Profit | €5.50b |
| Other Expenses | €3.28b |
| Earnings | €2.21b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Apr 28, 2026
| Earnings per share (EPS) | 10.75 |
| Gross Margin | 31.98% |
| Net Profit Margin | 12.87% |
| Debt/Equity Ratio | 17.5% |
How did SPOT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/01 03:53 |
| End of Day Share Price | 2026/04/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 69 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Noel Milner | Arete Research Services LLP |
| Samuel Lourensz | Arete Research Services LLP |
| Richard Kramer | Arete Research Services LLP |