SPOT Share Price | Spotify Technology SA Stock Analysis & Recommendation

Q: How big is Spotify Technology SA?

Market Cap: As of Jun 18, Spotify Technology SA has a market capitalization of 147,028.90 million, categorizing it as a Large Cap company.Recent Quarterly Performance: For the latest four quarters, Spotify reported net sales of 17,414.11 million and a net profit of 1,252.81 million.Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 5,721.14 million and total assets of 12,431.18 million.

Q: What does Spotify Technology SA do?

Overview:Spotify Technology SA is a Luxembourg-based company that offers digital music-streaming services within the Computers - Software & Consulting industry, and it operates in the large-cap market segment.Financial Snapshot:Most recent Net Sales: 4,410 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 237 Million (Quarterly Results - Mar 2025) Market cap: USD 147,028.90 Million (Large Cap)Key Metrics:P/E: 92.00 Dividend Yield: 0.00% Debt Equity: -1.00 Return on Equity: 23.47% Price to Book: 21.79Contact Details:Address: 42-44 Avenue de la Gare, LUXEMBOURG None: 1610 Website: https://www.spotify.com

Q: Is Spotify Technology SA overvalued or undervalued?

As of 29 July 2025, the valuation grade for Spotify Technology SA has moved from expensive to very expensive. The company appears to be overvalued based on its high P/E ratio of 92, a Price to Book Value of 21.52, and an EV to EBITDA ratio of 70.80. In comparison, peers such as Alphabet, Inc. and Meta Platforms, Inc. have more favorable valuations with P/E ratios of 27.18 and 26.39, respectively.Despite its impressive stock performance, with a 1Y return of 113.43% compared to the S&P 500's 17.14%, the high valuation ratios suggest that Spotify may not sustain this growth in the long term. The significant disparity in valuation metrics highlights the risk of overvaluation, reinforcing the conclusion that Spotify Technology SA is currently overvalued.

Q: Is Spotify Technology SA technically bullish or bearish?

As of 3 October 2025, the technical trend for Spotify Technology SA has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating mixed signals across time frames. The daily moving averages are mildly bullish, supporting a positive short-term outlook. The Bollinger Bands show a sideways movement weekly but are mildly bullish monthly, suggesting potential for upward movement. The KST is mildly bearish weekly but bullish monthly, and the Dow Theory indicates a mildly bullish stance weekly with no trend monthly. The OBV is bullish weekly, indicating accumulation.In terms of performance, Spotify has outperformed the S&P 500 year-to-date with a return of 52.06% compared to 14.18%, and over one year, it has returned 83.14% versus 17.82% for the index. However, it has underperformed in the short term, with a -6.62% return over the past week compared to the S&P 500's 1.09%. Overall, the current technical stance is mildly bullish, driven by the daily moving averages and monthly indicators.

Mojo Score Change: Spotify Technology SA has changed its score on 06 Mar 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

2.67 M

Shareholding (Dec 2025)

FII

21.42%

Held by 515 FIIs

DII

58.53%

Held by 35 DIIs

Promoter

0.59%

How big is Spotify Technology SA?

22-Jun-2025

As of Jun 18, Spotify Technology SA has a market capitalization of 147,028.90 million, with net sales of 17,414.11 million and a net profit of 1,252.81 million over the latest four quarters.

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What does Spotify Technology SA do?

22-Jun-2025

Spotify Technology SA is a Luxembourg-based company that provides digital music-streaming services. As of March 2025, it reported net sales of $4.41 billion and a market cap of approximately $147 billion.

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Who are in the management team of Spotify Technology SA?

22-Jun-2025

As of March 2022, the management team of Spotify Technology SA includes CEO and Co-Founder Daniel Ek, along with directors Martin Lorentzon, Barry McCarthy, Shishir Mehrotra, Heidi O'Neill, Theodore Sarandos, and Cristina Stenbeck. They are responsible for guiding the company's strategic direction and operations.

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Is Spotify Technology SA overvalued or undervalued?

20-Sep-2025

As of July 29, 2025, Spotify Technology SA is considered very expensive and overvalued due to its high P/E ratio of 92 and other valuation metrics, despite a strong 1-year stock return of 113.43%.

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Is Spotify Technology SA technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Spotify Technology SA shows a mildly bullish trend overall, supported by daily moving averages and monthly indicators, despite mixed signals from MACD and recent underperformance compared to the S&P 500.

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Compare Spotify Technology SA with Similar Stocks

CoStar Group, Inc.Meta Platforms, Inc.Alphabet, Inc.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Company has a low Debt to Equity ratio (avg) at times

Healthy long term growth as Net Sales has grown by an annual rate of 17.43%

The company has declared Positive results for the last 7 consecutive quarters

With ROE of 23.47%, it has a fair valuation with a 21.52 Price to Book Value

Consistent Returns over the last 3 years

Mojo Parameters

Stock DNA

Industry

Computers - Software & Consulting

Market cap

USD 102,405 Million (Large Cap)

P/E

87.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.95

Return on Equity

29.99%

Price to Book

10.47

Revenue and Profits:

Net Sales:

5,274 Million

(Quarterly Results - Dec 2025)

Net Profit:

1,366 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.05%

6 Months

-20.08%

1 Year

4.01%

2 Years

110.87%

3 Years

347.21%

4 Years

318.13%

5 Years

105.54%

Spotify Technology SA for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

16.62%

EBIT Growth (5y)

57.35%

EBIT to Interest (avg)

4.06

Debt to EBITDA (avg)

Net Debt to Equity (avg)

-1.00

Sales to Capital Employed (avg)

2.49

Tax Ratio

21.96%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

70.00%

ROCE (avg)

ROE (avg)

5.33%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

17.87

EV to EBIT

65.61

EV to EBITDA

61.82

EV to Capital Employed

528.33

EV to Sales

7.28

PEG Ratio

0.71

Dividend Yield

ROCE (Latest)

805.20%

ROE (Latest)

20.60%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Mildly Bearish

Dow Theory

Mildly Bullish

Mildly Bearish

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Foreign Institutions

Domestic Funds

Held in 183 Schemes (19.33%)

Foreign Institutions

Held by 515 Foreign Institutions (21.42%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "field": "Interest",
          "val1": "33.80",
          "val2": "11.70",
          "chgp": "188.89%",
          "chgp_class": "negative"
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          "val1": "0.00",
          "val2": "-100.30",
          "chgp": "100.00%",
          "chgp_class": "positive"
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        "prefix": "Consolidated Net Profit ",
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        "dir": -1
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        "Dec'25",
        "Dec'24",
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          "val2": "1,653.90",
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          "field": "Interest",
          "val1": "48.50",
          "val2": "46.50",
          "chgp": "4.30%",
          "chgp_class": "negative"
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          "field": "Exceptional Items",
          "val1": "-147.80",
          "val2": "-340.70",
          "chgp": "56.62%",
          "chgp_class": "positive"
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Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY

Dec'25

Dec'24

Change(%)

Net Sales

5,273.80

4,524.90

16.55%

Operating Profit (PBDIT) excl Other Income

845.00

540.80

56.25%

Interest

33.80

11.70

188.89%

Exceptional Items

0.00

-100.30

100.00%

Consolidate Net Profit

1,366.50

391.50

249.04%

Operating Profit Margin (Excl OI)

154.70%

112.40%

4.23%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Dec 2025 is 16.55% vs 14.64% in Dec 2024

Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is 249.04% vs 619.92% in Dec 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

19,395.70

16,953.30

14.41%

Operating Profit (PBDIT) excl Other Income

2,604.80

1,653.90

57.49%

Interest

48.50

46.50

4.30%

Exceptional Items

-147.80

-340.70

56.62%

Consolidate Net Profit

2,496.40

1,231.00

102.79%

Operating Profit Margin (Excl OI)

128.40%

89.80%

3.86%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 14.41% vs 18.38% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 102.79% vs 314.01% in Dec 2024

All Annual Results

Company CV

About Spotify Technology SA

Spotify Technology SA

Computers - Software & Consulting

Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and high quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries.

Company Coordinates

Company Details

42-44 Avenue de la Gare , LUXEMBOURG None : 1610

Tel:

https://www.spotify.com

Registrar Details