Spotify Technology S.A. SPOT

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593.44 USD +36.20 +6.50%

At close · Oct 30

593.98 +0.54 +0.09%

After hours · Oct 30, 7:35 PM ET

Bid
592.39 × 120
Ask
596.23 × 80
570.23 Day range 595.36
412.75 52-week range 656.68
YTD
+2.19%
1 year
-9.63%
Open
575.00
Prev close
557.24
Mkt cap
122.00B
Vol
3.23M
Avg vol
1.72M
EPS
16.41
P/E
36.16
Div yield
0.00%
More statistics
Low
570.23
High
595.36
Forward P/E
34.61
Beta
1.61
Short ratio
2.40
Inst. own
69.08%
Dividend
0.00
Ex-div date
Earnings
Feb 9, 2027
50-d avg
529.38
200-d avg
496.94
1y target
636.61

MAX chart

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Interval

Events in this range
  • Nov 4, 2025Earnings: 3.83; estimate 2.29; surprise 67.25%
  • Feb 10, 2026Earnings: 5.16; estimate 3.21; surprise 60.75%
  • Apr 28, 2026Earnings: 4.04; estimate 3.43; surprise 17.78%
  • Aug 4, 2026Earnings: 3.03; estimate 3.16; surprise -4.11%
  • Oct 22, 2026Earnings: 2.81; estimate 3.18; surprise -11.64%
  • Oct 23, 2026Rating: Wells Fargo · Overweight → Overweight
  • Oct 23, 2026Rating: Evercore ISI Group · Outperform → Outperform
  • Oct 23, 2026Rating: JP Morgan · Overweight → Overweight
  • Oct 23, 2026Rating: Piper Sandler · Neutral → Neutral
  • Oct 23, 2026Rating: Oppenheimer · Outperform → Outperform
  • Oct 23, 2026Rating: Morgan Stanley · Overweight → Overweight
Signals (144)
NameDateAgo
SMA: BullishOct 5, 20263 weeks ago
SMA: BullishOct 5, 20263 weeks ago
SMA: BearishSep 28, 20261 month ago
SMA: BearishSep 14, 20261 month ago
SMA: BullishJul 27, 20263 months ago
SMA: BullishJul 27, 20263 months ago
SMA: BearishJul 13, 20263 months ago
SMA: BullishJun 29, 20264 months ago
SMA: BearishJun 8, 20264 months ago
SMA: BullishMay 18, 20265 months ago
MACD: Buy SignalMay 18, 20265 months ago
MACD: Sell SignalMay 4, 20266 months ago
SMA: BearishApr 27, 20266 months ago
SMA: BullishApr 13, 20266 months ago
MACD: Buy SignalApr 6, 20266 months ago
SMA: BearishMar 16, 20267 months ago
MACD: Sell SignalMar 16, 20267 months ago
MACD: Buy SignalMar 9, 20267 months ago
SMA: BullishFeb 23, 20268 months ago
RSI: OversoldFeb 2, 20269 months ago
SMA: BearishOct 20, 20251 year ago
SMA: BearishSep 29, 20251 year ago
SMA: BullishSep 1, 20251 year ago
SMA: BearishAug 18, 20251 year ago
SMA: BullishAug 11, 20251 year ago
SMA: BearishJul 14, 20251 year ago
MACD: Sell SignalJul 14, 20251 year ago
RSI: OverboughtJun 2, 20251 year ago
MACD: Buy SignalMay 5, 20251 year ago
SMA: BullishApr 21, 20251 year ago
SMA: BearishMar 24, 20251 year ago
MACD: Sell SignalMar 24, 20251 year ago
SMA: BullishMar 10, 20251 year ago
SMA: BearishMar 3, 20251 year ago
SMA: BullishJan 13, 20251 year ago
RSI: OverboughtJan 13, 20251 year ago
SMA: BearishJan 6, 20251 year ago
RSI: OverboughtDec 30, 20241 year ago
MACD: Buy SignalSep 23, 20242 years ago
RSI: OverboughtSep 16, 20242 years ago
SMA: BullishSep 9, 20242 years ago
SMA: BearishSep 2, 20242 years ago
RSI: OverboughtAug 19, 20242 years ago
RSI: OverboughtAug 5, 20242 years ago
SMA: BullishJul 22, 20242 years ago
SMA: BearishJul 8, 20242 years ago
RSI: OverboughtJul 1, 20242 years ago
RSI: OverboughtJun 10, 20242 years ago
MACD: Sell SignalMay 27, 20242 years ago
RSI: OverboughtApr 29, 20242 years ago
RSI: OverboughtJan 8, 20242 years ago
RSI: OverboughtDec 4, 20232 years ago
MACD: Buy SignalNov 6, 20232 years ago
SMA: BullishOct 23, 20233 years ago
SMA: BearishOct 16, 20233 years ago
SMA: BullishAug 28, 20233 years ago
SMA: BullishAug 28, 20233 years ago
SMA: BearishAug 14, 20233 years ago
SMA: BearishJul 24, 20233 years ago
MACD: Sell SignalJul 24, 20233 years ago
RSI: OverboughtMay 1, 20233 years ago
SMA: BullishJan 16, 20233 years ago
SMA: BullishDec 26, 20223 years ago
MACD: Buy SignalNov 7, 20223 years ago
MACD: Sell SignalOct 31, 20224 years ago
RSI: OversoldOct 31, 20224 years ago
SMA: BearishAug 22, 20224 years ago
SMA: BullishJul 18, 20224 years ago
SMA: BearishJun 27, 20224 years ago
RSI: OversoldJun 27, 20224 years ago
SMA: BullishJun 20, 20224 years ago
RSI: OversoldJun 6, 20224 years ago
MACD: Buy SignalMay 30, 20224 years ago
RSI: OversoldApr 18, 20224 years ago
SMA: BearishApr 4, 20224 years ago
SMA: BullishMar 28, 20224 years ago
RSI: OversoldJan 24, 20224 years ago
MACD: Sell SignalDec 6, 20214 years ago
SMA: BearishNov 29, 20214 years ago
SMA: BearishNov 22, 20214 years ago
SMA: BullishOct 11, 20215 years ago
SMA: BullishOct 4, 20215 years ago
SMA: BearishSep 20, 20215 years ago
MACD: Buy SignalSep 6, 20215 years ago
SMA: BullishAug 30, 20215 years ago
MACD: Sell SignalJul 19, 20215 years ago
SMA: BearishJul 12, 20215 years ago
MACD: Buy SignalJul 5, 20215 years ago
SMA: BullishJun 21, 20215 years ago
SMA: BearishMar 1, 20215 years ago
SMA: BearishFeb 22, 20215 years ago
MACD: Sell SignalFeb 22, 20215 years ago
MACD: Buy SignalFeb 15, 20215 years ago
SMA: BullishFeb 8, 20215 years ago
MACD: Sell SignalFeb 1, 20215 years ago
SMA: BearishJan 25, 20215 years ago
MACD: Buy SignalNov 30, 20205 years ago
SMA: BullishNov 2, 20206 years ago
SMA: BearishOct 26, 20206 years ago
SMA: BullishOct 12, 20206 years ago
MACD: Sell SignalSep 7, 20206 years ago
SMA: BearishAug 31, 20206 years ago
SMA: BullishAug 17, 20206 years ago
RSI: OverboughtAug 17, 20206 years ago
SMA: BearishAug 10, 20206 years ago
RSI: OverboughtJun 15, 20206 years ago
RSI: OverboughtMay 18, 20206 years ago
SMA: BullishApr 27, 20206 years ago
MACD: Buy SignalApr 27, 20206 years ago
SMA: BearishApr 20, 20206 years ago
SMA: BullishApr 13, 20206 years ago
SMA: BullishApr 13, 20206 years ago
SMA: BearishMar 9, 20206 years ago
SMA: BullishMar 2, 20206 years ago
SMA: BearishFeb 24, 20206 years ago
MACD: Sell SignalFeb 17, 20206 years ago
SMA: BearishFeb 10, 20206 years ago
SMA: BullishFeb 3, 20206 years ago
SMA: BearishJan 13, 20206 years ago
MACD: Buy SignalNov 4, 20196 years ago
SMA: BullishOct 28, 20197 years ago
SMA: BullishOct 28, 20197 years ago
MACD: Sell SignalAug 26, 20197 years ago
SMA: BearishAug 19, 20197 years ago
SMA: BearishAug 12, 20197 years ago
MACD: Buy SignalJun 10, 20197 years ago
SMA: BullishJun 3, 20197 years ago
SMA: BullishJun 3, 20197 years ago
MACD: Sell SignalMay 20, 20197 years ago
SMA: BearishMay 13, 20197 years ago
SMA: BullishMay 6, 20197 years ago
SMA: BearishApr 29, 20197 years ago
SMA: BearishApr 15, 20197 years ago
SMA: BullishApr 1, 20197 years ago
SMA: BullishApr 1, 20197 years ago
SMA: BearishMar 18, 20197 years ago
SMA: BearishFeb 25, 20197 years ago
SMA: BullishFeb 18, 20197 years ago
MACD: Buy SignalJan 28, 20197 years ago
SMA: BullishJan 14, 20197 years ago
RSI: OversoldDec 17, 20187 years ago
SMA: BearishSep 3, 20188 years ago
SMA: BullishAug 6, 20188 years ago
SMA: BearishJul 30, 20188 years ago

Financial health

Altman Z-Score

12.77 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