Menu

Markets

Research

News

Learn
Paper trading
AI Chat
Get the app WatchlistsPortfoliosAlerts
Sign in

Spotify Technology S.A. SPOT

Full chart Compare
Set alert

Price alert · SPOT

All alert types
600.09 USD +6.05 (+1.02%)

At closeNov 3, 2026, 4:00 PM EST

598.70 -1.39 -0.23%

After hours · Nov 3, 4:00 PM ET

581.72 Day range 601.55
405.00 52-week range 668.50
YTD
+3.34%
1 year
-6.83%

Financial health

Altman Z-Score

12.84 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

8 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 1
  • P/B 1

Valuation

P/E 45.9×
FY 2016: -44.1×FY 2017: -17.9×FY 2018: -225×FY 2019: -129×FY 2020: -83.0×FY 2021: -1143×FY 2022: -33.1×FY 2023: -62.3×FY 2024: 76.2×FY 2025: 45.9×
FY 2016 5y median -33.1× FY 2025
P/S 5.9×
FY 2016: 8.0×FY 2017: 5.4×FY 2018: 3.3×FY 2019: 3.6×FY 2020: 6.1×FY 2021: 4.1×FY 2022: 1.2×FY 2023: 2.5×FY 2024: 5.5×FY 2025: 5.9×
FY 2016 5y median 4.1× FY 2025
P/B 12.2×
FY 2016: -98.9×FY 2017: 92.9×FY 2018: 8.4×FY 2019: 11.8×FY 2020: 17.2×FY 2021: 18.6×FY 2022: 5.9×FY 2023: 13.1×FY 2024: 15.7×FY 2025: 12.2×
FY 2016 5y median 13.1× FY 2025
P/FCF 35.3×
FY 2016: 321×FY 2017: 166×FY 2018: 80.1×FY 2019: 55.1×FY 2020: 267×FY 2021: 143×FY 2022: 677×FY 2023: 49.1×FY 2024: 37.9×FY 2025: 35.3×
FY 2016 5y median 49.1× FY 2025
EV/EBITDA 41.7×
FY 2016: -49.0×FY 2017: -19.2×FY 2018: -123×FY 2019: -23689×FY 2020: -87.7×FY 2021: 92.3×FY 2022: -85.0×FY 2023: -103×FY 2024: 56.1×FY 2025: 41.7×
FY 2016 5y median 41.7× FY 2025
EV/Sales 5.7×
FY 2016: 8.2×FY 2017: 5.5×FY 2018: 3.2×FY 2019: 3.5×FY 2020: 6.1×FY 2021: 4.0×FY 2022: 1.1×FY 2023: 2.4×FY 2024: 5.4×FY 2025: 5.7×
FY 2016 5y median 4.0× FY 2025
FCF Yield 2.8%
FY 2016: 0.3%FY 2017: 0.6%FY 2018: 1.2%FY 2019: 1.8%FY 2020: 0.4%FY 2021: 0.7%FY 2022: 0.1%FY 2023: 2.0%FY 2024: 2.6%FY 2025: 2.8%
FY 2016 5y median 2.0% FY 2025

Profitability

Gross Margin 32.0%
FY 2016: 13.6%FY 2017: 20.8%FY 2018: 25.7%FY 2019: 25.5%FY 2020: 25.6%FY 2021: 26.8%FY 2022: 25.0%FY 2023: 25.6%FY 2024: 30.1%FY 2025: 32.0%
FY 2016 5y median 26.8% FY 2025
Operating Margin 12.8%
FY 2016: -11.8%FY 2017: -9.2%FY 2018: -0.8%FY 2019: -1.1%FY 2020: -3.7%FY 2021: 1.0%FY 2022: -5.6%FY 2023: -3.4%FY 2024: 8.7%FY 2025: 12.8%
FY 2016 5y median 1.0% FY 2025
Net Margin 12.9%
FY 2016: -18.3%FY 2017: -30.2%FY 2018: -1.5%FY 2019: -2.7%FY 2020: -7.4%FY 2021: -0.4%FY 2022: -3.7%FY 2023: -4.0%FY 2024: 7.3%FY 2025: 12.9%
FY 2016 5y median -0.4% FY 2025
ROE 26.6%
FY 2016: 224.6%FY 2017: -518.9%FY 2018: -3.7%FY 2019: -9.1%FY 2020: -20.7%FY 2021: -1.6%FY 2022: -17.9%FY 2023: -21.1%FY 2024: 20.6%FY 2025: 26.6%
FY 2016 5y median -1.6% FY 2025
ROIC 20.9%
FY 2016: -39.4%FY 2017: -30.3%FY 2018: -0.9%FY 2019: -2.7%FY 2020: -7.0%FY 2021: -0.3%FY 2022: -16.0%FY 2023: -10.5%FY 2024: 15.2%FY 2025: 20.9%
FY 2016 5y median -0.3% FY 2025
ROA 14.7%
FY 2016: -25.7%FY 2017: -39.7%FY 2018: -1.8%FY 2019: -3.6%FY 2020: -9.2%FY 2021: -0.5%FY 2022: -5.6%FY 2023: -6.4%FY 2024: 9.5%FY 2025: 14.7%
FY 2016 5y median -0.5% FY 2025

Growth (YoY)

Revenue 9.7%
FY 2016: 52.2%FY 2017: 38.6%FY 2018: 28.6%FY 2019: 28.6%FY 2020: 16.5%FY 2021: 22.7%FY 2022: 21.3%FY 2023: 13.0%FY 2024: 18.3%FY 2025: 9.7%
FY 2016 FY 2025
Operating Income 61.0%
FY 2016: -48.5%FY 2017: -8.3%FY 2018: 88.6%FY 2019: -69.8%FY 2020: -301.4%FY 2021: 132.1%FY 2022: -801.1%FY 2023: 32.3%FY 2024: 406.1%FY 2025: 61.0%
FY 2016 FY 2025
EPS (diluted) 91.1%
FY 2016: -134.3%FY 2017: -115.9%FY 2018: 92.6%FY 2019: -102.0%FY 2020: -201.0%FY 2021: 66.8%FY 2022: -184.5%FY 2023: 6.8%FY 2024: 301.5%FY 2025: 91.1%
FY 2016 FY 2025
Free Cash Flow 25.7%
FY 2016: 185.1%FY 2017: 79.7%FY 2018: 64.7%FY 2019: 100.0%FY 2020: -58.7%FY 2021: 52.5%FY 2022: -92.4%FY 2023: 3109.5%FY 2024: 238.9%FY 2025: 25.7%
FY 2016 FY 2025

Financial Health

Current Ratio 1.7×
FY 2016: 1.6×FY 2017: 1.0×FY 2018: 1.0×FY 2019: 0.9×FY 2020: 0.8×FY 2021: 1.4×FY 2022: 1.2×FY 2023: 1.3×FY 2024: 1.9×FY 2025: 1.7×
FY 2016 5y median 1.4× FY 2025
Quick Ratio 1.7×
FY 2016: 1.6×FY 2017: 1.0×FY 2018: 1.0×FY 2019: 0.9×FY 2020: 0.8×FY 2021: 1.4×FY 2022: 1.2×FY 2023: 1.3×FY 2024: 1.9×FY 2025: 1.7×
FY 2016 5y median 1.4× FY 2025
Debt / Equity 0.2×
FY 2016: -4.6×FY 2017: 4.0×FY 2018: 0.0×FY 2019: 0.3×FY 2020: 0.2×FY 2021: 0.8×FY 2022: 0.7×FY 2023: 0.7×FY 2024: 0.4×FY 2025: 0.2×
FY 2016 5y median 0.7× FY 2025
Net Debt / EBITDA -1.4×
FY 2016: -0.7×FY 2017: -0.4×FY 2018: 6.6×FY 2019: 443×FY 2020: 1.1×FY 2021: -2.3×FY 2022: 5.1×FY 2023: 4.6×FY 2024: -1.8×FY 2025: -1.4×
FY 2016 5y median -1.4× FY 2025
Interest Coverage 70.9×
FY 2016: -69.8×FY 2017: -0.7×FY 2018: -7.2×FY 2019: -1.7×FY 2020: -5.8×FY 2021: 2.4×FY 2022: -16.1×FY 2023: -11.7×FY 2024: 37.9×FY 2025: 70.9×
FY 2016 5y median 2.4× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31