Spotify Technology (SPOT) Stock Price

Spotify Technology Price

🇱🇺XETRA·CLOSED
453.78EUR
Market closed
Today +/-
Today %

Spotify Technology (SPOT) Stock | ISIN LU1778762911 | WKN A2JEGN. The current Spotify Technology stock price is 453.78 EUR (2026). Revenue is 19.93 B EUR. Net income is 2.55 B EUR. The P/E ratio is 37.47. Market capitalization is 93.43 B EUR. Spotify Technology operates in the Communication sector.

Revenue has compounded at 29.9% per year over the past 12 years to 17.19 B EUR. Spotify Technology's net margin stands at 12.9%, up from -0.4% several years earlier.

Spotify Technology stock price

Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Spotify Technology over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Spotify Technology stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Spotify Technology's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Spotify Technology Stock Price History
DateSpotify Technology Price
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Spotify Technology Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2013
746 M EUR
-98 M EUR
-63 M EUR
Jan 1, 2014
1.09 B EUR
-191 M EUR
-188 M EUR
Jan 1, 2015
1.94 B EUR
-235 M EUR
-230 M EUR
Jan 1, 2016
2.95 B EUR
-349 M EUR
-539 M EUR
Jan 1, 2017
4.09 B EUR
-378 M EUR
-1.24 B EUR
Jan 1, 2018
5.26 B EUR
-43 M EUR
-78 M EUR
Jan 1, 2019
6.76 B EUR
-73 M EUR
-186 M EUR
Jan 1, 2020
7.88 B EUR
-288 M EUR
-581 M EUR
Jan 1, 2021
9.67 B EUR
97 M EUR
-34 M EUR
Jan 1, 2022
11.73 B EUR
-657 M EUR
-430 M EUR
Jan 1, 2023
13.25 B EUR
-111 M EUR
-532 M EUR
Jan 1, 2024
15.67 B EUR
1.41 B EUR
1.14 B EUR
Jan 1, 2025
17.19 B EUR
2.2 B EUR
2.21 B EUR
Invalid Date
19.93 B EUR
3.05 B EUR
2.55 B EUR
Invalid Date
22.68 B EUR
3.95 B EUR
3.23 B EUR

Spotify Technology Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 28, 2026, 2:51 AM
 
REVENUE (B EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B EUR)
NET INCOME (B EUR)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
202420252026e2027e2028e2029e2030e2031e
15.6717.1919.9322.6825.5128.3531.433.63
18.319.6515.9613.7912.4811.1310.777.11
30.2531.9827.5824.2321.5519.3917.516.34
4.745.55.55.55.55.55.55.5
1.142.212.553.233.774.134.665.2
-313.9194.3815.2426.7916.689.612.7811.5
206.99210.51210.51210.51210.51210.51210.51210.51
––––––––
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Spotify Technology generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Spotify Technology retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Spotify Technology's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Spotify Technology has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Spotify Technology's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Spotify Technology stock margins

The Spotify Technology margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Spotify Technology. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Spotify Technology.

  • 3 Years

  • 5 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2013
17.16 %
-13.14 %
-8.45 %
Jan 1, 2014
16.04 %
-17.6 %
-17.33 %
Jan 1, 2015
11.65 %
-12.11 %
-11.86 %
Jan 1, 2016
13.58 %
-11.82 %
-18.26 %
Jan 1, 2017
20.76 %
-9.24 %
-30.2 %
Jan 1, 2018
25.73 %
-0.82 %
-1.48 %
Jan 1, 2019
25.46 %
-1.08 %
-2.75 %
Jan 1, 2020
25.57 %
-3.65 %
-7.37 %
Jan 1, 2021
26.8 %
1 %
-0.35 %
Jan 1, 2022
24.95 %
-5.6 %
-3.67 %
Jan 1, 2023
25.81 %
-0.84 %
-4.02 %
Jan 1, 2024
30.25 %
8.98 %
7.26 %
Jan 1, 2025
31.98 %
12.79 %
12.87 %
Invalid Date
31.98 %
15.31 %
12.79 %
Invalid Date
31.98 %
17.43 %
14.26 %

Spotify Technology Stock Revenue, EBIT, Earnings per Share

The Spotify Technology earnings per share therefore indicates how much revenue Spotify Technology has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2013
6.02 EUR
-0.79 EUR
-0.51 EUR
Jan 1, 2014
8.1 EUR
-1.43 EUR
-1.4 EUR
Jan 1, 2015
13.66 EUR
-1.65 EUR
-1.62 EUR
Jan 1, 2016
19.95 EUR
-2.36 EUR
-3.64 EUR
Jan 1, 2017
26.97 EUR
-2.49 EUR
-8.14 EUR
Jan 1, 2018
29.71 EUR
-0.24 EUR
-0.44 EUR
Jan 1, 2019
37.38 EUR
-0.4 EUR
-1.03 EUR
Jan 1, 2020
42.01 EUR
-1.54 EUR
-3.1 EUR
Jan 1, 2021
50.54 EUR
0.51 EUR
-0.18 EUR
Jan 1, 2022
60.78 EUR
-3.41 EUR
-2.23 EUR
Jan 1, 2023
68.03 EUR
-0.57 EUR
-2.73 EUR
Jan 1, 2024
75.72 EUR
6.8 EUR
5.5 EUR
Jan 1, 2025
81.64 EUR
10.44 EUR
10.51 EUR
Invalid Date
96.79 EUR
14.49 EUR
12.38 EUR
Invalid Date
110.15 EUR
18.78 EUR
15.7 EUR

Spotify Technology business model & stock analysis

Spotify Technology SA is a Swedish company that was founded in 2006 by Daniel Ek and Martin Lorentzon. The company is globally known for its music streaming platform, which offers both free and ad-supported, as well as premium subscription options. With its headquarters in Stockholm, the company employs over 6,500 people in 79 countries. The idea for Spotify came about when Daniel Ek was frustrated by the inability to play his music collection on a mobile device. Together with Martin Lorentzon, they developed a platform that allows users to listen to music from various artists and labels without actually owning it. The platform uses proprietary technology that enables real-time music streaming while adjusting the playback quality according to available bandwidth. Spotify provides its users access to an extensive music catalog with millions of songs and artists. The platform offers personalized playlists, recommendations, and radio stations based on user listening habits. It is available on various devices including desktop and laptop computers, mobile devices, tablets, speakers, and smart TVs. Users can also listen to podcasts, audiobooks, and other audio content on the platform. In recent years, the company has established itself as one of the leading music streaming services worldwide. As of 2020, Spotify had over 345 million users, with 155 million paying subscribers. The company's revenue in 2019 amounted to 7.88 billion euros. Spotify has also expanded its business areas in recent years. The company has made several acquisitions, including Podz, Megaphone, Gimlet Media, Parcast, and Anchor FM, allowing it to incorporate podcasts and other audio content into its offerings. Spotify has also introduced a range of tools and services for artists to promote their music and build their careers. The company also offers various advertising services. Advertisers can place ads on the platform based on user listening habits and interests. The company also provides advertising space in its podcasts and other audio content. Spotify has also formed partnerships with several companies in various fields. Some of its key partnerships include those with Samsung, Google, and Amazon. These partnerships have allowed Spotify to integrate its services across different platforms and devices, offering users a seamless and diverse experience. Overall, Spotify has a remarkable history as one of the pioneers in the music streaming industry. The company has become one of the leading players in the industry, known for its extensive music collection, personalized recommendations, and technological innovations. With its expansion into podcasts and other audio content, as well as its efforts to support artists and advertisers, the company has positioned itself to maintain its leadership position in the future.

Spotify Technology SWOT Analysis

Strengths

Spotify is a leading global music streaming platform with a large user base and a vast music library, giving it a competitive edge. The platform offers personalized recommendations and curated playlists, enhancing the user experience and driving user engagement.

The company has strong partnerships with major record labels and artists, allowing it to offer exclusive content and access to popular music. This helps differentiate Spotify from its competitors and attract new users.

Weaknesses

Although Spotify has a strong user base, it faces significant competition from other music streaming platforms such as Apple Music and Amazon Music. These competitors have their own advantages, such as integration with popular hardware devices, which may affect Spotify's market share.

The company heavily relies on music licensing agreements, which can be costly. Changes in licensing terms or disputes with record labels could impact Spotify's profitability and availability of certain music content.

Opportunities

The growing trend of music streaming presents a significant opportunity for Spotify to expand its user base and revenue. Additionally, the company can explore partnerships with emerging artists and independent labels to offer unique and exclusive content, catering to niche audiences.

Spotify can also leverage its user data and analytics capabilities to offer targeted advertising and personalized promotions, creating an additional revenue stream and attracting potential advertisers.

Threats

The music industry is highly competitive and continually evolving. Competitors can innovate, launch new features, and secure exclusive content, potentially eroding Spotify's market share.

Regulatory challenges, such as copyright laws and royalty disputes, can pose threats to Spotify's operations and financial performance. Additionally, data privacy concerns and security breaches may damage the company's reputation and result in user attrition.

Spotify Technology Segments

Spotify Technology Revenue by Segment

  • 3 Years

  • Max

Premium
Ad-Supported
Details
Date
Premium
Ad-Supported
Jan 1, 2021
8.46 B EUR
1.21 B EUR
Jan 1, 2022
10.25 B EUR
1.48 B EUR
Jan 1, 2023
11.57 B EUR
1.68 B EUR
Jan 1, 2024
13.82 B EUR
1.85 B EUR

Spotify Technology Revenue by Region

  • 3 Years

  • Max

Other countries
United States
United Kingdom
Luxembourg
Details
Date
Other countries
United States
United Kingdom
Luxembourg
Jan 1, 2021
4.98 B EUR
3.69 B EUR
994 M EUR
6 M EUR
Jan 1, 2022
5.9 B EUR
4.71 B EUR
1.11 B EUR
7 M EUR
Jan 1, 2023
6.78 B EUR
5.23 B EUR
1.23 B EUR
9 M EUR
Jan 1, 2024
8.04 B EUR
6.14 B EUR
1.48 B EUR
10 M EUR

Spotify Technology Eulerpool Fair Value

Spotify Technology historical P/E ratio, EBIT multiple, and P/S ratio

Spotify Technology annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Spotify Technology shares outstanding

The number of shares was Spotify Technology in 2025 — This indicates how many shares 210.509 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2013
124 M base_Shares
Jan 1, 2014
134 M base_Shares
Jan 1, 2015
142 M base_Shares
Jan 1, 2016
148 M base_Shares
Jan 1, 2017
151.67 M base_Shares
Jan 1, 2018
177 M base_Shares
Jan 1, 2019
180.96 M base_Shares
Jan 1, 2020
187.58 M base_Shares
Jan 1, 2021
191.3 M base_Shares
Jan 1, 2022
192.94 M base_Shares
Jan 1, 2023
194.73 M base_Shares
Jan 1, 2024
206.99 M base_Shares
Jan 1, 2025
210.51 M base_Shares
Invalid Date
210.51 M base_Shares
Invalid Date
210.51 M base_Shares
Price targets and forecasts for Spotify Technology are not yet available.

Spotify Technology Earnings Estimates

Spotify Technology Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/28/20262.97EUR4.62 BEUR2026 Q1
2/10/20262.79EUR4.61 BEUR2025 Q4
11/12/20241.75EUR4.1 BEUR2024 Q3
4/23/20240.19EUR3.72 BEUR2024 Q1
1/29/20240.29EUR3.8 BEUR2023 Q4
7/27/2022-0.65EUR2.86 BEUR2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Spotify Technology stock

50/100
42
Environment
59
Social
49
Governance
E

Environment

20
Scope 1 - Direct Emissions1,053
Scope 2 - Indirect emissions from purchased energy4,178
Scope 3 - Indirect emissions within the value chain275,891
Total CO₂ emissions5,231
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees43.9
Percentage of women in management—
Percentage of Asian employees21.7
Share of Asian management—
Percentage of Hispanic/Latino employees9.3
Hispano/Latino Management share—
Percentage of Black employees7.4
Black Management Share—
Percentage of white employees57.1
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Spotify Technology shareholder structure

% Name
9.71703%
Lorentzon (Martin)
Lorentzon (Martin)
8.07808%
Tencent Holdings Ltd
Tencent Holdings Ltd
6.05823%
Ek (Daniel G)
Ek (Daniel G)
4.2233%
Baillie Gifford & Co.
Baillie Gifford & Co.
3.1772%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.61457%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
2.22169%
State Street Investment Management (US)
State Street Investment Management (US)
1.94593%
Morgan Stanley Investment Management Inc. (US)
Morgan Stanley Investment Management Inc. (US)
1.62852%
WCM Investment Management
WCM Investment Management
1.57181%
JP Morgan Asset Management
JP Morgan Asset Management
...

Spotify Technology Executives and Management Board

GS

Mr. Gustav Soderstrom

(48)

Co-President, Chief Product and Technology Officer · since 2023

Compensation18.73 M EUR
AN

Mr. Alex Norstroem

(48)

Co-President, Chief Business Officer · since 2023

Compensation18.36 M EUR
DJ

Ms. Dustee Jenkins

(46)

Chief Public Affairs Officer

Compensation6.31 M EUR
CL

Mr. Christian Luiga

(56)

Chief Financial Officer

Compensation6.05 M EUR
ML

Mr. Martin Lorentzon

(55)

Co-Founder, Director · since 2008

Compensation752,626 EUR

Spotify Technology Supply Chain

Frequently asked questions about Spotify Technology

The business model of Spotify Technology SA revolves around providing a digital music streaming service to millions of users worldwide. As a leading player in the industry, Spotify allows users to access a vast library of music through its platform, offering both free and premium subscription options. With a focus on personalized recommendations and curated playlists, Spotify generates revenue through paid subscriptions and advertising. By leveraging technology and licensing agreements with various record labels, Spotify has transformed the way people listen to music, offering convenient access to a wide range of songs and artists on-demand.

All fundamentals and in-depth analysis of Spotify Technology

Our stock analysis for Spotify Technology Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Spotify Technology Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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