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SPOT Stock Chart & Stats
$482.66
$13.67(2.91%)
At close: 4:00 PM EDT
$482.66
$13.67(2.91%)
Day’s Range― - ―
52-Week Range$405.00 - $748.30
Previous CloseN/A
Volume1.17M
Average Volume (3M)1.63M
Market Cap
$102.93B
Enterprise Value$85.69K
Total Cash (Recent Filing)$8.76B
Total Debt (Recent Filing)$476.50M
Price to Earnings (P/E)32.8
Beta0.93
Next Earnings
Oct 27, 2026EPS Estimate
3.31Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)13.21
Shares Outstanding205,882,340
10 Day Avg. Volume1,460,284
30 Day Avg. Volume1,626,609
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)12.19
Price to Sales (P/S)5.91
P/FCF Ratio35.35
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$605.33Price Target Upside25.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering23
EPS Forecast (FY)12.38
Revenue Forecast (FY)$19.53B
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation & LiquiditySpotify's high free cash flow (EUR 797M) and sizeable cash balance (~€9.4B) with no debt provide durable financial flexibility. This supports sustained R&D, marketing, buybacks and selective M&A without reliance on external financing, reducing solvency risk over the medium term.
Record And Expanding Gross MarginsA record 33.4% gross margin and continued expansion indicate improving unit economics from premium mix, ARPU gains and content/royalty leverage. Higher sustained gross margins enable structural operating leverage and greater durable profitability as revenue scales.
Product Diversification & AI AdoptionBroad AI adoption, audiobook add-ons and Reserved ticketing create multiple durable monetization vectors beyond subscriptions and ads. Platform-level features (DJ, SongDNA, add‑ons) deepen engagement and raise long-term ARPU potential across large MAU base, supporting sustainable revenue mix improvement.
Bears Say
Sluggish Ad-supported RevenuePersistent low growth in the ad-supported business limits a key revenue lever tied to the large free user base. If direct sales remain weak and programmatic gains don't offset them, advertising growth could constrain total revenue and margin upside over multiple quarters.
Revenue Deceleration RiskThe firm's own analysis flags a meaningful deceleration in top-line growth relative to earlier periods. Slower revenue expansion reduces the scope for continued margin improvement and makes sustaining higher operating profits more dependent on cost discipline and success of new monetization initiatives.
Planned Incremental Operating SpendManagement plans ~€200M of incremental marketing and AI investment in 2026. While strategic, this elevated spend creates timing-driven margin variability and execution risk: if returns on these investments lag, operating income and cash conversion could be pressured over the medium term.
Spotify News
SPOT FAQ
What was Spotify Technology SA’s price range in the past 12 months?
Spotify Technology SA lowest stock price was $405.00 and its highest was $748.30 in the past 12 months.
What is Spotify Technology SA’s market cap?
Spotify Technology SA’s market cap is $102.93B.
When is Spotify Technology SA’s upcoming earnings report date?
Spotify Technology SA’s upcoming earnings report date is Oct 27, 2026 which is in 82 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Aug 04, 2026. The company reported $3.016 earnings per share for the quarter, missing the consensus estimate of $3.193 by -$0.177.
Is Spotify Technology SA overvalued?
According to Wall Street analysts Spotify Technology SA’s price is currently Undervalued.
Does Spotify Technology SA pay dividends?
Spotify Technology SA does not currently pay dividends.
What is Spotify Technology SA’s EPS estimate?
Spotify Technology SA’s EPS estimate is 3.31.
How many shares outstanding does Spotify Technology SA have?
Spotify Technology SA has 205,882,340 shares outstanding.
What happened to Spotify Technology SA’s price movement after its last earnings report?
Spotify Technology SA reported an EPS of $3.016 in its last earnings report, missing expectations of $3.193. Following the earnings report the stock price went down -1.678%.
Which hedge fund is a major shareholder of Spotify Technology SA?
Currently, no hedge funds are holding shares in SPOT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Spotify Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$605.33 (25.42% Upside)
$605.33 (25.42% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 64%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 70.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $22.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 2.1%
Last 30 Days ▼ 2.1%
News Sentiment
Very Bullish
Bullish news 95%
Bearish news 5%
Bearish news 5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.62%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
10.37%
Trailing 12-Months
Company Description
Spotify Technology SA
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.
SPOT Company Deck
SPOT Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong execution: accelerating revenue growth (15% YoY), record gross margin (33.4%), robust free cash flow (EUR 797M, +14% YoY), meaningful product and AI adoption, and strategic monetization initiatives (Reserved, Audiobooks+, add-ons). Near-term headwinds include modest ad-supported revenue growth (3% YoY), intentional product changes in emerging markets expected to weigh on short-term MAU, and ~EUR 200M of planned incremental marketing and AI spend driving quarter variability in operating expenses. On balance, the scale of financial and product fundamentals and clear path to improved ad monetization and add-on revenue outweigh the contained short-term trade-offs.View all SPOT earnings summariesSPOT Revenue Breakdown
88.17% Premium
11.83% Ad-Supported
SPOT Stock 12 Month Forecast
Average Price Target
$605.33
▲(25.42% Upside)
Technical Analysis
Ownership Overview
10.03% Insiders
13.89% Mutual Funds
5.50% Other Institutional Investors
64.84% Public Companies and Individual Investors