Spotify Technology S.A.
SPOT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Spotify's strong revenue growth of 13.9% year-over-year indicates a robust demand for its services in the competitive streaming market.
- In Q2 2026, Spotify reported a revenue of $4.8 billion, a 5% increase from the previous quarter.
- The gross margin improved to 33.4% in Q2 2026, up from 33% in Q1 2026.
- Spotify's current score indicates a 'Strong Sell' signal, suggesting significant bearish sentiment among investors.
- In 2023, Spotify reported a net income of -$532 million, reflecting ongoing profitability challenges.
- The operating margin was -3.37% in 2023, indicating operational inefficiencies that could hinder future growth.
Fundamentals
| Market cap | $108.22B | Enterprise value | $101.70B | Trailing P/E | 30.25 | Forward P/E | 30.56 |
| PEG | 1.45 | Price / book | 11.33 | Beta | 1.61 | Dividend yield | 0.00% |
| Revenue growth | 13.9% | Earnings growth | — | Gross margin | 32.8% | Operating margin | 13.7% |
| Profit margin | 18.4% | ROE | 44.5% | ROA | 12.2% | Debt / equity | 0.06 |
| Current ratio | 2.11 | Free cash flow | $1.54B | Analyst recommendation | buy | Mean target | $593.87 |
| 52w high | $700.12 | 52w low | $405.00 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.5B | $4.5B | $4.3B | $4.2B |
| Op margin | 13.7% | 15.8% | 15.5% | 13.6% | 9.7% |
| Net income | $545M | $721M | $1.2B | $899M | -$86.0M |
| Gross margin | 33.4% | 33.0% | 33.1% | 31.6% | 31.5% |
| Gross profit | $1.6B | $1.5B | $1.5B | $1.4B | $1.3B |
| Operating income | $655M | $715M | $701M | $582M | $406M |
- Revenue +5% vs prior quarter ($4.8B vs $4.5B).
- Gross margin 33.4% (was 33% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $17.2B | $15.7B | $13.2B | $11.7B | — |
| Op margin | 12.8% | 8.7% | -3.4% | -5.6% | — |
| Net income | $2.2B | $1.1B | -$532M | -$430M | — |
| Gross margin | 32.0% | 30.1% | 25.6% | 25.0% | — |
| Gross profit | $5.5B | $4.7B | $3.4B | $2.9B | — |
| Operating income | $2.2B | $1.4B | -$446M | -$659M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Spotify (SPOT) Advances While Market Declines: Some Information for Investors
2026-10-08 · Joe Rogan renews multimillion-dollar podcast deal with Spotify
2026-10-08 · Spotify is getting more serious about selling enterprise software
2026-10-08 · Palantir upgraded, Xerox downgraded: Wall Street's top analyst calls
2026-10-08 · Spotify secures $250 million renewal with Joe Rogan, WSJ reports
2026-10-08 · Market Chatter: Spotify, Joe Rogan Renew Podcast Deal
2026-10-08 · Joe Rogan Re-Ups Lucrative Spotify Deal
2026-10-08 · US Stock Market Today: S&P 500 Futures Hold Flat As Trade Deficit Worries Return
2026-10-07 · Is Most-Watched Stock Spotify Technology (SPOT) Worth Betting on Now?
2026-10-07 · Spotify expands audiobooks to more than 180 markets
2026-10-07 · Spotify to Expand Audiobook Access to More Than 180 Markets
Price (daily)
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