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Spotify Technology SA (SPOT)

US · Communication Services · Internet Content & Information

$603.01-1.86%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$4.97B
Revenue YoY
+16.3%
Net profit
$518.0M
Profit YoY
-42.4%
EPS
$2.48
EPS estimate
$3.10
Net margin
10.4%

EPS came in at 2.48 against a street estimate of 3.10 — a miss of 20.0%.

Key statistics

Market cap
$129.04B
P/E
38.2
Forward P/E
34.2
P/B
12.65
Book value
$47.78
EPS (TTM)
$16.41
52-week high
$668.50
52-week low
$405.00
50-day MA
$533.04
200-day MA
$498.17
Beta
1.46

Analyst view

Analysts rate Spotify Technology SA a buy (32 buy, 9 hold, 0 sell out of 41) with an average price target of $647.41.

From the latest earnings call · 2026-10-22

CONFIDENT Spotify delivered broad-based growth, improving advertising momentum, stronger margins and free cash flow, while investing in AI, audiobooks and creator monetization. Q3 2026 Subscriber growth was broad-based across all regions, led by Rest of World and Latin America. Management is optimizing emerging-market funnels, data hygiene, ad load and device migration. Analysts focused on emerging-market funnel optimization, capital allocation and third-party AI agents. Management emphasized business-positive product changes, disciplined buybacks and Spotify-controlled listening and data. 2026-10-22…

Full summary in the app.

Shareholding

Insiders
23.46%
Institutions
69.22%

Largest institutional holders

FundStake
BlackRock Inc5.30%
Baillie Gifford & Co Limited.3.86%
Morgan Stanley - Brokerage Accounts3.61%
State Street Corp2.25%
T. Rowe Price Associates, Inc.1.75%
Wellington Management Company LLP1.51%
WCM Investment Management1.38%
Jennison Associates LLC1.37%

Recent filings & reports

DocumentDate
Quarterly results (6-K) · Q3 2026
HEADLINE NUMBERS • Q3 2026 revenue was €4,969 million, up from €4,272 million in Q3 2025. • Q3 gross profit was €1,639 million, compared with €1,35
2026-10-22
Current report (6-K) · Q4 2026
HEADLINE NUMBERS • Q3 2026 total revenue was €4,969 million, up 16% year over year and 14% on a constant-currency basis. • Monthly active users (MAU
2026-10-22
Current report (6-K) · Q3 2026
HEADLINE NUMBERS • Spotify announced that Heidi O’Neill resigned from its Board of Directors, effective September 3, 2026. • The filing states that
2026-09-03
Current report (6-K) · Q3 2026
HEADLINE NUMBERS • Spotify’s Board approved a $1.5 billion increase in its share repurchase program. • The announcement was made on August 20, 2026.
2026-08-20
Quarterly results (6-K) · Q2 2026
HEADLINE NUMBERS • Spotify reported Q2 2026 revenue of €4,777 million, up from €4,193 million in Q2 2025. • Gross profit was €1,596 million, versus
2026-08-04
Quarterly results (6-K) · Q2 2026
HEADLINE NUMBERS • Q2 2026 revenue was €4,777 million, up 14% year over year, or 15% on a constant-currency basis. • Gross profit was €1,596 million
2026-08-04
Annual report FY2025 (20-F)
HEADLINE NUMBERS • Spotify Technology S.A. filed its annual Form 20-F for the fiscal year ended December 31, 2025. • The company reports under Inter
2026-02-10
Annual report FY2024 (20-F)2025-02-05

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Data updated 2026-11-07.