S

    Spotify Technology SA (SPOT)

    Official site

    COMMUNICATION SERVICES • INTERNET CONTENT & INFORMATION • NYSE

    $547.51
    +20.26 (+3.84%)

    Market Cap: $112.56B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

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

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$2.86
    Range$2.51 - $3.33
    19 analysts
    EPS Revisions
    7
    0
    7d
    6
    10
    30d
    EPS Estimate Drift
    90d ago$3.03+5.9%
    60d ago$2.96+3.3%
    30d ago$2.97+3.9%
    7d ago$2.87+0.2%
    Current$2.86
    Revenue Consensus
    $5.0B
    Range$4.9B - $5.0B
    27 analysts
    Dec 31, 2026
    EPS Consensus$3.68
    Range$2.82 - $5.16
    27 analysts
    Revenue Consensus
    $5.2B
    Range$5.1B - $5.4B
    33 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$3.68---
    Sep 26EST
    		-$2.86---
    Jun 26
    		$3.03$3.27-7.34%Miss+821.4%
    Mar 26
    		$3.45$2.94+17.35%Beat+222.4%
    Dec 25
    		$4.43$2.78+59.35%Beat+151.7%
    Sep 25
    		$3.28$2.02+62.38%Beat+126.2%
    Jun 25
    		$-0.42N/A-121.21%Miss-131.6%
    Mar 25
    		$1.07N/A-51.58%Miss+10.3%
    Dec 24
    		$1.76$2.00-12.00%Miss+588.9%
    Sep 24
    		$1.45$1.67-13.17%Miss+339.4%
    Jun 24
    		$1.33$1.01+31.68%Beat+185.8%
    Mar 24
    		$0.97$0.63+53.97%Beat+183.6%
    Dec 23
    		$-0.36$-0.26-38.46%Miss+74.3%
    Sep 23
    		$0.33$-0.20+265.00%Beat+138.4%
    Jun 23
    		$-1.55$-0.57-171.93%Miss-138.5%
    Mar 23
    		$-1.16$-0.82-41.46%Miss-652.4%
    Dec 22
    		$-1.40$-1.28-9.38%Miss-600.0%
    Sep 22
    		$-0.86$-0.84-2.38%Miss-8700.0%
    Jun 22
    		$-0.65$-0.64-1.56%Miss-550.0%
    Mar 22
    		$0.21$-0.23+191.30%Beat+184.0%
    Dec 21
    		$-0.20$-0.36+44.44%Beat+69.7%
    Sep 21
    		$0.01N/A+105.88%Beat+101.9%
    Jun 21
    		$-0.10N/A+77.27%Beat+94.8%
    Mar 21
    		$-0.25$-0.41+39.02%Beat-25.0%
    Dec 20
    		$-0.66$-0.51-29.41%Miss+42.1%
    Sep 20
    		$-0.53$-0.43-23.26%Miss-247.2%
    Jun 20
    		$-1.91$-0.47-306.38%Miss-354.8%
    Mar 20
    		$-0.20$-0.36+44.44%Beat+74.7%
    Dec 19
    		$-1.14$-0.28-307.14%Miss-416.7%
    Sep 19
    		$0.36$-0.28+228.57%Beat+0.0%
    Jun 19
    		$-0.42$-0.45+6.67%Beat+76.4%
    Mar 19
    		$-0.79$-0.47-68.09%Miss-75.6%
    Dec 18
    		$0.36$-0.17+311.76%Beat+109.3%
    Sep 18
    		$0.36$-0.15+340.00%Beat+119.6%
    Jun 18
    		$-1.78$-0.63-182.54%Miss-43.5%
    Mar 18
    		$-0.45$-0.35-28.57%Miss+60.9%
    Dec 17
    		$-3.87N/AN/ABeat-
    Sep 17
    		$-1.84$0.00N/AMiss-
    Jun 17
    		$-1.24$0.00N/AMiss-
    Mar 17
    		$-1.15$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio33.19EV/EBITDA23.11x
    Price/FCF29.02xFCF Yield3.45%
    Profitability
    Profit Margin18.40%Operating Margin13.70%
    ROE44.50%ROIC36.38%
    Financial Health
    Debt/Equity0.01xInterest Coverage117.00x
    Current Ratio2.11xQuick Ratio2.11x
    Trading Statistics
    Beta1.58Avg Volume2.01M
    52-Week High$745.0052-Week Low$405.00

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$532.42
    SMA 20$512.38
    SMA 50$493.18
    SMA 200$509.55
    EMA 10$532.70
    EMA 20$520.26
    EMA 50$502.80
    EMA 200$519.90

    MACD

    Line: 14.75Signal: 11.84Hist: 2.91

    ADX

    ADX: 11.2+DI: 24.5-DI: 20.3

    Aroon & PSAR

    Aroon Up92.0
    Aroon Down28.0
    PSAR$507.98

    Bollinger Bands

    Upper Band$563.60
    Lower Band$461.16
    %B Position1999%(Upper)
    Band Width0.84

    RSI (14-Day)

    Neutral
    60.9

    Momentum Oscillators

    Stoch %K81.6
    Stoch %D86.7
    Williams %R-10.4
    ROC (10d)6.8%
    Momentum34.69
    CCI (20d)100.1
    MFI (14d)64.9

    Volatility Measures

    ATR (14d)$21.28(3.9%)
    StdDev (20d)25.61
    Hist Vol44.8%(High)

    Volume Flow

    VWAP$543.60
    OBV-7.6M
    AD Line-23.6M
    CMF (20d)-0.147

    Volume Metrics

    Avg Vol (20d)2.0M
    Vol Ratio0.7x
    VWMA (20d)$507.42

    Pivot Points

    R3$562.41
    R2$553.77
    R1$540.51
    Pivot Point$531.87
    S1$518.61
    S2$509.97
    S3$496.71

    Advanced Oscillators

    TSI19.03
    Ultimate Osc55.3
    KST82.48

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$5.46B$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$3.64B$3.04B$3.03B$2.92B$2.87B$2.86B$2.87B$2.75B$2.69B$2.63B$2.69B$2.47B
    Gross Profit$1.82B$1.50B$1.50B$1.35B$1.32B$1.33B$1.37B$1.24B$1.11B$1.00B$980.00M$885.00M
    Operating Expenses$1.08B$780.00M$798.00M$769.00M$914.00M$817.00M$891.00M$786.00M$846.00M$836.00M$1.05B$853.00M
    R&D$460.66M$331.00M$290.00M$309.00M$415.00M$379.00M$376.00M$342.00M$379.00M$389.00M$468.00M$369.00M
    SG&A$169.17M$107.00M$109.00M$111.00M$135.00M$124.00M$122.00M$112.00M$124.00M$123.00M$155.00M$129.00M
    Operating Income$748.71M$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$9.14M$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$823.01M$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$200.04M$216.00M$-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$622.97M$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$865.30M$970.00M$1.05B$859.00M$82.00M$363.00M$538.00M$437.00M$309.00M$214.00M$-77,000,000$118.00M
    EBIT$832.15M$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

    Is Spotify Stock Worth Buying as Growth Meets a Premium Valuation?

    Spotify (SPOT) is experiencing rapid earnings growth, strong cash generation, and expanding monetization opportunities. While the company's valuation is currently premium, the debate for investors is whether its margin expansion and revenue growth can sustain this valuation. Spotify's ability to maintain strong execution and manage spending risks on content and AI will be crucial for its near-term investment case.

    The Globe and Mail•8/21/26•
    Neutral

    Is Spotify Stock Worth Buying as Growth Meets a Premium Valuation?

    Spotify (SPOT) shows strong earnings growth, cash generation, and diverse monetization avenues, but its current stock valuation reflects high expectations. Investors must weigh whether anticipated margin expansion and revenue growth can justify the premium and mitigate risks from content costs, AI investments, and competition. Despite these factors, Spotify's expanded offerings beyond music, like audiobooks and new discovery tools, indicate potential for deeper monetization.

    Eastern Progress•8/21/26•
    Neutral

    Spotify increases share buyback program by $1.5 billion

    Spotify Technology S.A. announced that its board of directors approved a $1.5 billion increase to its share repurchase program, bringing the total authorization to approximately $2.223 billion. The timing and amount of repurchases will depend on various factors including market conditions and alternative investment opportunities. The program can be suspended or discontinued at any time.

    Investing.com•8/20/26•
    Bullish

    With 777M users, Spotify (NYSE: SPOT) moves to step up share buybacks

    Spotify Technology S.A. announced that its Board of Directors approved an additional $1.5 billion increase to its share repurchase program, bringing the total authorization to approximately $2.223 billion. The program's execution will depend on factors like share price, market conditions, and shareholder authorization renewal. Spotify also highlighted its extensive user base of 777 million, including 300 million subscribers, accessing a vast library of content across 184 markets.

    Stock Titan•8/20/26•
    Bullish

    Spotify Upsizes Share Repurchase Program by $1.5 Billion

    Spotify Technology S.A. announced that its Board of Directors has approved a $1.5 billion increase to its share repurchase program. This brings the total authorization for the program to approximately $2.223 billion, including the $723 million remaining from the current authorization. The timing and number of repurchased shares will depend on various factors and will be executed consistent with the company's capital allocation strategy.

    Business Wire•8/20/26•
    Bullish

    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 33.19.
    What is SPOT's market cap?
    Spotify Technology SA (SPOT) has a market capitalization of $112.56B with a current stock price of $547.51.

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