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Spotify Technology S.A. (SPOT)

538.40 -17.05 (-3.07%)
At close: October 28 at 4:00:02 PM EDT
542.34 +3.94 (+0.73%)
Pre-Market: 5:52:02 AM EDT
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What's happening with SPOT?

11m ago
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Spotify’s Q3 results showed strong user growth, expanding margins, and substantial cash generation, despite an adjusted EPS miss. Management also provided upbeat Q4 targets, while analysts remain divided over valuation, advertising momentum, and artificial-intelligence competition.

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  • Previous Close 555.45
  • Open 546.52
  • Bid --
  • Ask --
  • Day's Range 536.74 - 555.96
  • 52 Week Range 405.00 - 673.16
  • Volume 1,493,546
  • Avg. Volume 1,748,709
  • Market Cap (intraday) 110.687B
  • Beta (5Y Monthly) 1.61
  • PE Ratio (TTM) 32.81
  • EPS (TTM) 16.41
  • Earnings Date Oct 22, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 635.34
  • Morningstar Rating Rating available with Stock Picks access

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. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

www.spotify.com

7,000

Full Time Employees

December 31

Fiscal Year Ends

Recent News

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Performance Overview

Trailing total returns as of 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

SPOT
7.29%
S&P 500 (^GSPC)
13.13%

1-Year Return

SPOT
17.60%
S&P 500 (^GSPC)
12.38%

3-Year Return

SPOT
237.87%
S&P 500 (^GSPC)
88.08%

5-Year Return

SPOT
86.33%
S&P 500 (^GSPC)
68.48%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 4.97B
Earnings 518M
Profit Margin 10.42%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
1B
2B
3B
4B
15.0%
20.0%
25.0%

Analyst Insights

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Analyst Price Targets

457.18 Low
635.34 Average
538.40 Current
746.65 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/23/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Overweight
Price Action Raises
Price Target 640 -> 700

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    15.73%

  • Return on Assets (ttm)

    11.82%

  • Return on Equity (ttm)

    35.81%

  • Revenue (ttm)

    18.81B

  • Net Income Avi to Common (ttm)

    2.96B

  • Diluted EPS (ttm)

    16.41

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    7.08B

  • Total Debt/Equity (mrq)

    5.17%

  • Levered Free Cash Flow (ttm)

    1.42B

Company Insights

Research Reports

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