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    S

    Spotify Technology SA (SPOT)

    Official site

    COMMUNICATION SERVICES • INTERNET CONTENT & INFORMATION • NYSE

    $524.20
    -3.25 (-0.62%)

    Market Cap: $107.72B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    47%(16/34)
    Avg Surprise
    +13.62%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.84
    Range$2.51 - $3.33
    20 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.97-4.3%
    60d ago$2.87-0.8%
    30d ago$2.86-0.6%
    7d ago$2.85-0.2%
    Current$2.84
    Revenue Consensus
    $5.0B
    Range$4.9B - $5.0B
    27 analysts
    Period ending Dec 31, 2026
    EPS Consensus$3.66
    Range$2.84 - $5.18
    27 analysts
    Revenue Consensus
    $5.2B
    Range$5.1B - $5.4B
    36 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$3.66---
    Sep 26EST
    		-$2.84---
    Jun 26
    Reported Aug 4
    		$3.03$3.27-7.34%Miss+821.4%
    Mar 26
    Reported Apr 28
    		$3.45$2.94+17.35%Beat+222.4%
    Dec 25
    Reported Feb 10
    		$4.43$2.78+59.35%Beat+151.7%
    Sep 25
    Reported Nov 4
    		$3.28$2.02+62.38%Beat+126.2%
    Jun 25
    Reported Jul 29
    		$-0.42N/A-121.21%Miss-131.6%
    Mar 25
    Reported Apr 29
    		$1.07N/A-51.58%Miss+10.3%
    Dec 24
    Reported Feb 4
    		$1.76$2.00-12.00%Miss+588.9%
    Sep 24
    Reported Nov 12
    		$1.45$1.67-13.17%Miss+339.4%
    Jun 24
    Reported Jul 23
    		$1.33$1.01+31.68%Beat+185.8%
    Mar 24
    Reported Apr 23
    		$0.97$0.63+53.97%Beat+183.6%
    Dec 23
    Reported Feb 6
    		$-0.36$-0.26-38.46%Miss+74.3%
    Sep 23
    Reported Oct 24
    		$0.33$-0.20+265.00%Beat+138.4%
    Jun 23
    Reported Jul 25
    		$-1.55$-0.57-171.93%Miss-138.5%
    Mar 23
    Reported Apr 25
    		$-1.16$-0.82-41.46%Miss-652.4%
    Dec 22
    Reported Jan 31
    		$-1.40$-1.28-9.38%Miss-600.0%
    Sep 22
    Reported Oct 25
    		$-0.86$-0.84-2.38%Miss-8700.0%
    Jun 22
    Reported Jul 27
    		$-0.65$-0.64-1.56%Miss-550.0%
    Mar 22
    Reported Apr 27
    		$0.21$-0.23+191.30%Beat+184.0%
    Dec 21
    Reported Feb 2
    		$-0.20$-0.36+44.44%Beat+69.7%
    Sep 21
    Reported Oct 27
    		$0.01N/A+105.88%Beat+101.9%
    Jun 21
    Reported Jul 28
    		$-0.10N/A+77.27%Beat+94.8%
    Mar 21
    Reported Apr 28
    		$-0.25$-0.41+39.02%Beat-25.0%
    Dec 20
    Reported Feb 3
    		$-0.66$-0.51-29.41%Miss+42.1%
    Sep 20
    Reported Oct 29
    		$-0.53$-0.43-23.26%Miss-247.2%
    Jun 20
    Reported Jul 29
    		$-1.91$-0.47-306.38%Miss-354.8%
    Mar 20
    Reported Apr 29
    		$-0.20$-0.36+44.44%Beat+74.7%
    Dec 19
    Reported Feb 5
    		$-1.14$-0.28-307.14%Miss-416.7%
    Sep 19
    Reported Oct 28
    		$0.36$-0.28+228.57%Beat+0.0%
    Jun 19
    Reported Jul 31
    		$-0.42$-0.45+6.67%Beat+76.4%
    Mar 19
    Reported Apr 29
    		$-0.79$-0.47-68.09%Miss-75.6%
    Dec 18
    Reported Feb 6
    		$0.36$-0.17+311.76%Beat+109.3%
    Sep 18
    Reported Nov 1
    		$0.36$-0.15+340.00%Beat+119.6%
    Jun 18
    Reported Jul 26
    		$-1.78$-0.63-182.54%Miss-43.5%
    Mar 18
    Reported May 2
    		$-0.45$-0.35-28.57%Miss+60.9%
    Dec 17
    Reported Mar 20
    		$-3.87N/AN/ABeat-
    Sep 17
    Reported Nov 4
    		$-1.84$0.00N/AMiss-
    Jun 17
    Reported Aug 4
    		$-1.24$0.00N/AMiss-
    Mar 17
    Reported Jun 29
    		$-1.15$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio31.77EV/EBITDAN/A
    Price/FCF28.85xFCF Yield3.47%
    Profitability
    Profit Margin18.40%Operating Margin13.70%
    ROE44.50%ROICN/A
    Financial Health
    Debt/EquityN/AInterest Coverage117.97x
    Current Ratio2.11xQuick Ratio2.11x
    Trading Statistics
    Beta1.61Avg Volume1.45M
    52-Week High$696.9552-Week Low$405.00

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$508.44
    SMA 20$507.56
    SMA 50$518.90
    SMA 200$497.84
    EMA 10$516.17
    EMA 20$514.24
    EMA 50$512.74
    EMA 200$519.02

    MACD

    Line: 0.52Signal: -3.54Hist: 4.06

    ADX

    ADX: 18.6+DI: 24.9-DI: 23.8

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down72.0
    PSAR$484.90

    Bollinger Bands

    Upper Band$542.27
    Lower Band$472.84
    %B Position1368%(Upper)
    Band Width0.74

    RSI (14-Day)

    Neutral
    54.4

    Momentum Oscillators

    Stoch %K80.2
    Stoch %D83.4
    Williams %R-23.6
    ROC (10d)7.6%
    Momentum36.82
    CCI (20d)75.0
    MFI (14d)56.3

    Volatility Measures

    ATR (14d)$17.41(3.3%)
    StdDev (20d)17.36
    Hist Vol36.6%(Moderate)

    Volume Flow

    VWAP$524.03
    OBV-17.1M
    AD Line-39.5M
    CMF (20d)-0.068

    Volume Metrics

    Avg Vol (20d)1.4M
    Vol Ratio1.0x
    VWMA (20d)$507.07

    Pivot Points

    R3$548.29
    R2$543.10
    R1$535.27
    Pivot Point$530.08
    S1$522.25
    S2$517.06
    S3$509.23

    Advanced Oscillators

    TSI0.36
    Ultimate Osc54.9
    KST-40.99

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$4.78B$4.53B$4.53B$4.27B$4.19B$4.19B$4.24B$3.99B$3.81B$3.64B$3.67B$3.36B
    Cost of Revenue$3.18B$3.04B$3.03B$2.92B$2.87B$2.86B$2.87B$2.75B$2.69B$2.63B$2.69B$2.47B
    Gross Profit$1.60B$1.50B$1.50B$1.35B$1.32B$1.33B$1.37B$1.24B$1.11B$1.00B$980.00M$885.00M
    Operating Expenses$941.00M$780.00M$798.00M$769.00M$914.00M$817.00M$891.00M$786.00M$846.00M$836.00M$1.05B$853.00M
    R&D$403.00M$331.00M$290.00M$309.00M$415.00M$379.00M$376.00M$342.00M$379.00M$389.00M$468.00M$369.00M
    SG&A$148.00M$107.00M$109.00M$111.00M$135.00M$124.00M$122.00M$112.00M$124.00M$123.00M$155.00M$129.00M
    Operating Income$655.00M$715.00M$701.00M$582.00M$406.00M$509.00M$477.00M$454.00M$266.00M$168.00M$-75,000,000$32.00M
    Interest Income$48.00M$54.00M$58.00M$59.00M$361.00M$67.00M$63.00M$61.00M$76.00M$59.00M$41.00M$41.00M
    Interest Expense$8.00M$7.00M$7.00M$8.00M$8.00M$8.00M$9.00M$9.00M$9.00M$9.00M$9.00M$9.00M
    Income Before Tax$720.00M$937.00M$1.02B$827.00M$48.00M$328.00M$499.00M$398.00M$270.00M$174.00M$-131,000,000$73.00M
    Income Tax Expense$175.00M$216.00M$-153,000,000$-72,000,000$134.00M$103.00M$132.00M$98.00M$-4,000,000$-23,000,000$-61,000,000$8.00M
    Net Income$545.00M$721.00M$1.17B$899.00M$-86,000,000$225.00M$367.00M$300.00M$274.00M$197.00M$-70,000,000$65.00M
    EBITDA$757.00M$970.00M$1.05B$859.00M$82.00M$363.00M$538.00M$437.00M$309.00M$214.00M$-77,000,000$118.00M
    EBIT$728.00M$944.00M$1.03B$835.00M$56.00M$336.00M$508.00M$407.00M$279.00M$183.00M$-111,000,000$82.00M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Spotify Technology S.A. (SPOT) Could Benefit From AI-Driven Personalization and Deeper Listener Insights

    Baillie Gifford & Co's "International Concentrated Growth Strategy" highlighted Spotify (SPOT) in its Q3 2026 investor letter...

    Yahoo Finance•10/15/26•Bullish

    B.A. Schrock Wealth Management Inc. Makes New Investment in Spotify Technology $SPOT

    B.A. Schrock Wealth Management Inc. has initiated a new investment in Spotify Technology (NYSE: SPOT), purchasing 7,751 shares valued at approximately $3.8 million...

    MarketBeat•10/15/26•Neutral

    Spotify Technology $SPOT Shares Purchased by Loftus Peak Pty Ltd

    Loftus Peak Pty Ltd increased its holdings in Spotify Technology (NYSE:SPOT) by 10.1% in the third quarter, bringing its total to 64,874 shares valued at $31.6 million. Despite some recent price target reductions...

    MarketBeat•10/15/26•Neutral

    Cantor Fitzgerald cuts target for Spotify stock to USD 490.00

    Cantor Fitzgerald has lowered its price target for Spotify (SPOT) stock from USD 530.00 to USD 490.00, while maintaining a neutral rating. This adjustment comes despite Spotify reporting a 13.90% year-over-year revenue...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    Spotify Technology (SPOT) Expected to Release Earnings on Thursday

    Spotify Technology (NYSE:SPOT) is expected to announce its Q3 2026 earnings before market open on Thursday, October 22nd...

    MarketBeat•10/15/26•Neutral

    SPOT Valuation and Fair Value

    P/E
    31.8x
    Forward P/E
    28.6x
    P/FCF
    28.9x
    PEG
    1.4x
    P/B
    11.4x
    See GNG's fair value

    SPOT Profitability: Margins, ROIC and FCF

    Gross margin
    32.8%
    Operating margin
    13.7%
    Net margin
    18.4%
    ROE
    44.5%
    FCF margin
    15.5%
    FCF yield
    3.5%

    SPOT Competitors

    CompanyTicker
    AT&T Inc.T
    Applovin CorpAPP
    T-Mobile US IncTMUS
    NetEase IncNTES
    Verizon Communications IncVZ
    Warner Bros Discovery IncWBD
    Walt Disney CompanyDIS
    Comcast CorpCMCSA

    Sector: Communication Services

    SPOT Analyst Ratings

    Consensus
    Buy
    Analysts
    39
    Strong Buy
    8
    Buy
    24
    Hold
    7
    Sell
    0
    Strong Sell
    0

    SPOT Bull Case vs Bear Case

    Bull case

    • SPOT converts 15.5% of revenue into free cash flow.
    • SPOT grew quarterly revenue 13.9% year over year.
    • 82.1% of SPOT's analyst ratings are Buy or Strong Buy.

    Bear case

    • SPOT beat EPS estimates in 37.5% of its last 8 reported quarters.

    SPOT Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    -8.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.84
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    Frequently Asked Questions About SPOT

    Does SPOT pay dividends?

    Spotify Technology SA (SPOT) does not currently pay a regular dividend.

    What is SPOT's P/E ratio?

    Spotify Technology SA has a price-to-earnings (P/E) ratio of 31.77.

    What is SPOT's market cap?

    Spotify Technology SA (SPOT) has a market capitalization of $107.72B with a current stock price of $524.20.

    Related stocks

    Sector: Communication Services

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