SPOT

Today, 10:25 AMSpotify guides to roughly $918 million Q4 operating income and sees operating expense growth moderating from Q4 through 2027

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Index	-
Market Cap	116.96B
Enterprise Value	106.76B
Income	3.89B
Sales	21.12B
Book/sh	46.63
Cash/sh	52.13
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	7323
IPO	Apr 03, 2018

P/E	35.37
Forward P/E	33.01
PEG	1.47
P/S	5.54
P/B	12.18
P/C	10.90
P/FCF	30.18
EV/EBITDA	33.20
EV/Sales	5.05
Quick Ratio	2.11
Current Ratio	2.11
Debt/Eq	0.06
LT Debt/Eq	0.05
Option/Short	Yes / Yes

EPS (ttm)	16.06
EPS next Y	17.21
EPS next Q	3.75
EPS this Y	15.66%
EPS next Y	26.04%
EPS next 5Y	22.51%
EPS past 3/5Y	- -
Sales past 3/5Y	16.32% 16.64%
EPS Y/Y TTM	346.36%
Sales Y/Y TTM	16.91%
EPS Q/Q	739.41%
Sales Q/Q	16.87%
Earnings	Oct 22 BMO
EPS/Sales Surpr.	-11.35% -0.21%

Insider Own	26.51%
Insider Trans	-0.35%
Inst Own	66.69%
Inst Trans	-0.10%
ROA	24.71%
ROE	44.85%
ROIC	38.75%
Gross Margin	32.70%
Oper. Margin	14.65%
Profit Margin	18.44%
SMA20	10.58%
SMA50	8.41%
SMA200	14.42%
Trades

Shs Outstand	205.58M
Shs Float	151.31M
Short Float	2.81%
Short Ratio	2.54
Short Interest	4.26M
52W High	686.68 -17.27%
52W Low	405.00 40.26%
Volatility	3.55% 3.22%
ATR (14)	21.24
RSI (14)	67.31
Beta	1.53
Rel Volume	4.62
Avg Volume	1.68M
Volume	2,159,503

Perf Week	6.51%
Perf Month	11.30%
Perf Quarter	17.70%
Perf Half Y	10.10%
Perf YTD	-2.18%
Perf Year	-15.92%
Perf 3Y	278.92%
Perf 5Y	124.57%
Perf 10Y	-
Recom	1.74
Target Price	597.58
Prev Close	525.34
Price	568.07
Change %	8.13%

Date	Action	Analyst	Rating Change	Price Target Change
Oct-08-26	Initiated	Piper Sandler	Neutral	$540
Apr-29-26	Upgrade	Rosenblatt	Neutral → Buy	$500
Apr-29-26	Reiterated	Pivotal Research Group	Hold	$420 → $400
Apr-13-26	Resumed	Morgan Stanley	Overweight	$630
Mar-26-26	Initiated	Daiwa Securities	Outperform	$535
Feb-26-26	Upgrade	Arete	Neutral → Buy	$586
Feb-11-26	Downgrade	Pivotal Research Group	Buy → Hold	$875 → $420
Jan-30-26	Upgrade	Citigroup	Neutral → Buy	$650
Jan-27-26	Initiated	MoffettNathanson	Neutral	$487
Jan-23-26	Upgrade	Goldman	Neutral → Buy	$700
Dec-17-25	Initiated	Citizens JMP	Mkt Outperform	$800
Dec-05-25	Downgrade	Erste Group	Buy → Hold
Nov-05-25	Reiterated	Pivotal Research Group	Buy	$900 → $875
Sep-30-25	Downgrade	Goldman	Buy → Neutral	$770
Sep-29-25	Initiated	Argus	Buy	$845
Sep-16-25	Initiated	BNP Paribas Exane	Outperform	$900
Jul-30-25	Upgrade	DZ Bank	Sell → Hold	$652
Jul-24-25	Upgrade	Oppenheimer	Perform → Outperform	$800
Jun-17-25	Reiterated	Pivotal Research Group	Buy	$800 → $900
Apr-21-25	Upgrade	Wolfe Research	Peer Perform → Outperform	$660

Show Previous Ratings

Today 10:58AM	Spotify Stock Surges on Subscriber Growth, AI Optimism (Schaeffer's Research) +8.13%
10:15AM	SPOT Stock Hits 10-Month High Despite Q3 Earnings Miss: Co-CEO Says Spotify Is Now An Agent, Brushes Off AI Churn Fears (Stocktwits)
10:10AM	Spotify revenue rises 16% as subscribers and margins improve (Proactive)
09:36AM	Spotify Misses On EPS As Ads Finally Inflect, But Softer Q4 ARPU And Revenue Guidance Cloud The Margin Story (Earnings Whispers)
07:21AM	Spotify stock pops on Q3 earnings, lean into AI for personalized experiences (Yahoo Finance)
07:21AM	Loading…
07:21AM	Spotify stock pops on Q3 earnings, driven by premium subscriber growth and AI for personalized experiences (Yahoo Finance)
07:01AM	Spotify Stock Rallies After Earnings Because Not All AI Winners Are Chip Plays (Barrons.com)
06:51AM	Spotify Turns Up Volume On Paying Users, Beats Estimates (Investor's Business Daily)
06:43AM	Spotify premium subscribers exceed estimates amid push into podcasting (Investing.com)
06:18AM	Spotify: Q3 Earnings Snapshot (Associated Press)
06:01AM	Spotify Reports Premium Subscriber Growth, Higher Revenue (The Wall Street Journal)
06:00AM	Spotify Technology S.A. Releases Results for Third Quarter 2026 (Business Wire)
Oct-20-26 02:12PM	Spotify Stock Is Lagging This Year, but Jefferies Sees Its Platform as 'Highly Defensible' Against AI (Barrons.com)
12:47PM	Spotify Q3 preview: Jefferies sees favorable set-up as AI products and ad growth offer upside (Proactive)
08:00AM	Spotify launches paid podcast memberships with perks beyond bonus content (TechCrunch)
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Oct-15-26 01:00PM	The Week Ahead: Earnings Season Heats Up on Wall Street (Schaeffer's Research)
09:39AM	CarMax upgraded, Spotify downgraded: Wall Street's top analyst calls (The Fly)
08:47AM	StoneX cuts Spotify to Hold on margin pressure, label costs (Investing.com)
Oct-12-26 09:41AM	Salesforce upgraded, Adobe downgraded: Wall Street's top analyst calls (The Fly)
05:53AM	Spotify Stock Is Up Nearly 9% Since September 30 as Audiobooks Go Global. Heres Where It Could Go by 2030 (TIKR)
Oct-08-26 12:37PM	Joe Rogan renews multimillion-dollar podcast deal with Spotify (LA Times)
10:34AM	Spotify is getting more serious about selling enterprise software (TechCrunch)
09:43AM	Palantir upgraded, Xerox downgraded: Wall Street's top analyst calls (The Fly)
08:51AM	Spotify secures $250 million renewal with Joe Rogan, WSJ reports (Investing.com)
08:00AM	Joe Rogan Re-Ups Lucrative Spotify Deal (The Wall Street Journal)
Oct-07-26 06:51AM	Spotify expands audiobooks to more than 180 markets (AFP) +5.08%
03:00AM	Spotify expands audiobooks to over 180 markets (TechCrunch)
Oct-05-26 12:25PM	Spotify expected to make progress towards financial targets, UBS says (Proactive)
10:29AM	I got a $499 body scan to see if I have cancer. Here's what I learned. (MarketWatch)
Sep-29-26 01:30PM	Spotify is down for tens of thousands of users amid widespread app outage (Quartz)
12:29PM	Loading…
Sep-25-26 12:29PM	Dow, Nasdaq Wrap Up Another Busy September Week (Schaeffer's Research)
Sep-24-26 06:00AM	Spotify Technology S.A. to Announce Results for Third Quarter 2026 (Business Wire)
Sep-23-26 02:02PM	Spotify Stock Breaches Key Trendline After Recent Slide (Schaeffer's Research)
Sep-18-26 05:14PM	Amazon, Palantir and 12 more top tech-stock picks from UBS analysts (MarketWatch)
02:49PM	The 3 Tech Laggards Are Top Stock Picks, UBS Says (Barrons.com)
12:43PM	Spotify set for growth, BofA says, citing new monetization tools (Proactive)
Sep-17-26 10:31AM	Spotify Stock Is Still 25% Below Its High. Heres Why Its Video Push Could Close the Gap (TIKR)
Sep-11-26 12:02PM	Busta Rhymes says streamers like Spotify still need to work out how to pay artists fairly (Yahoo Finance)
Sep-09-26 04:15PM	3 Reasons Meta Has Turned the Corner (Zacks)
Sep-04-26 11:05AM	The 10 most streamed songs of all time on Spotify and the stories behind them (Quartz)
Sep-02-26 09:00AM	Spotify Co-Chief Executive Officer to Present at the 2026 Goldman Sachs Communacopia + Technology Conference (Business Wire)
Aug-28-26 01:09PM	How Sweden built one of Europes hottest startup ecosystems (TechCrunch)
Aug-20-26 04:15PM	Spotify Upsizes Share Repurchase Program by $1.5 Billion (Business Wire)
04:07PM	Top Stock Reports for Salesforce, Seagate Technology & AT&T (Zacks)
Aug-19-26 02:04PM	Buy Signal Flashing for Surging Spotify Stock (Schaeffer's Research)
Aug-06-26 09:42AM	Why high-earning former athletes keep going broke despite knowing all the terrible bankruptcy stories (Yahoo Finance)
Aug-05-26 11:40AM	Video Podcasts: Media Buyers Talking Up More Edgy Chat? (MediaPost)
10:38AM	Spotify Stock Drops 4.9% Despite Reaching 300 Million Subscribers (GuruFocus.com)
10:34AM	Is Spotify turning your playlist into AI? (Reuters Videos)
Aug-04-26 04:57PM	Spotify Technology S.A. Q2 2026 Earnings Call Summary (Moby)
03:01PM	Spotify Technology SA (SPOT) (Q2 2026) Earnings Call Highlights: Record Gross Margin and 300 ... (GuruFocus.com)
02:25PM	Spotify Hits 300 Million Subscribers as Stock Falls 6% (GuruFocus.com)
01:39PM	Spotify hits record 300 million premium subscribers (LA Times)
11:50AM	Spotify expands AI remix and covers project with Merlin partnership (TechCrunch)
10:39AM	Spotify tops 300 million premium subscribers as profit surges (Proactive)
09:37AM	Spotify stock sinks as streaming giant's monthly active users forecast misses estimates (Yahoo Finance)
08:37AM	Spotify's Spending Rises as it Expands AI-Backed App Features (The Wall Street Journal)
08:29AM	Spotify Shares Slide After Second-Quarter Earnings Miss (InvestorsHub)
07:12AM	Palantir, Coherent, Lumentum, ON Semi, and More Stocks That Explain Today's Market (Barrons.com)
06:58AM	Spotify Stock Falls After Music Streamer Misses Earnings Goal (Investor's Business Daily)
06:48AM	Spotify falls on second quarter earnings miss (Investing.com)
06:42AM	Spotify Hits 300 Million Subscribers-but the Stock Is Still Falling After Earnings (Barrons.com)
06:16AM	?? Earnings Snippet: Spotify (The Wall Street Journal)
06:15AM	Spotify: Q2 Earnings Snapshot (Associated Press)
06:11AM	Spotify forecasts weak profit as user growth slows in North America, Europe (Reuters)
06:01AM	Spotify Climbs to 300 Million Premium Subscribers (The Wall Street Journal)
06:00AM	Spotify Technology S.A. Releases Results for Second Quarter 2026 (Business Wire)
04:16AM	Can AI Help Spotify Snap Its 2026 Slump? Morgan Stanley Sees 'An Attractive Opportunity' Ahead Of Q2 Results (Stocktwits)
Aug-03-26 01:52PM	Options Bulls Target Spotify Stock Before Earnings (Schaeffer's Research)
Jul-19-26 08:00AM	Spotify may be the streaming stock to bet big on, not Netflix (Yahoo Finance Video)
Jul-17-26 01:23PM	Microsoft's Xbox Mistake Is a Preview of Its AI Bet (Barrons.com)
Jul-15-26 03:01PM	Spotify seen delivering steady Q2 results as investors await AI remixing updates (Proactive)
Jul-13-26 09:20AM	Helsing Raises $1.8 Billion at $18 Billion Valuation (GuruFocus.com)
08:00AM	How Netflix is fighting back against its 'biggest enemy' (Yahoo Finance Video)
Jul-10-26 02:29PM	Spotify on track for double-digit growth, UBS says ahead of Q2 (Proactive)
Jul-07-26 08:11AM	The Margin Break The Market Is Ignoring At SPOT (Trefis)
07:59AM	Prediction Markets Face Spotify Pushback After $3 Million Kalshi Bet (GuruFocus.com)
Jul-06-26 03:33AM	SPOT Stock Is Down 16% In 2026: BofA Names Spotify Among Top Picks For Q3 (Stocktwits)
Jul-03-26 12:59PM	Spotify Removes Streams After Kalshi Bets (GuruFocus.com)
Jul-02-26 02:18PM	Concerts are increasingly for superfans and the rich, analysts say (MarketWatch)
Jun-25-26 08:00AM	Spotify Technology S.A. to Announce Results for Second Quarter 2026 (Business Wire)
Jun-19-26 01:59PM	Spotify Recovers After Streaming Outage (GuruFocus.com)
Jun-11-26 04:07PM	Why Meta's latest AI push feels 'out of step' (Yahoo Finance Video)
Jun-06-26 08:37PM	Alphabet Earnings, Netflix Earnings, Spotify Earnings (Above Avalon)
May-29-26 02:28PM	Universal Music Group Rejects Bill Ackmans Offer as Too Low (Bloomberg)
May-26-26 03:15PM	Spotify CEO says putting AI-generated music on the app is goodand not just for SPOT stock. Heres why (FastCompany)
12:47PM	Spotify Defends AI Music Push (GuruFocus.com)
10:41AM	Spotify is rolling out narrated magazine articles for audiobook subscribers (Quartz)
10:28AM	Spotifys Next Big Bet: AI Remixes for Paying Fans (Moby)
10:28AM	Spotify Hits the Play Button on Legal AI Remixes (Moby)
09:57AM	AI is rewiring digital medias power structure (Verdict)
08:22AM	Spotify Sets 2030 Growth Targets, Shares Rally (GuruFocus.com)
07:18AM	Spotify is aiming for 1 billion users and 20% operating margins by 2030. Heres how it plans to get there (Fortune)
May-25-26 12:36PM	Spotify sets 2030 financial targets, unveils AI remix tool with UMG at Investor Day (Proactive)
May-24-26 02:53PM	Keep an Eye on Netflix and Spotify (Inside Orchard) (Above Avalon)
May-22-26 02:28PM	Investing.coms stocks of the week (Investing.com) +6.11%
01:08PM	Spotify Investor Day eases margin concerns, Jefferies raises price target (Proactive)
12:28PM	Spotify investor day: Wall Street cheers product slate and financial targets (Investing.com)
11:23AM	Spotify's AI deal with Universal: 'Investors should be comfortable' (Yahoo Finance Video)
08:55AM	NYSE Content Update: Spotify Shares Climb 13% Following Investor Day Event (PR Newswire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Soderstrom Gustav	Co-Chief Executive Officer	Oct 12 '26	Option Exercise	151.25	20,910	3,162,638	40,818	Oct 14 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Oct 12 '26	Sale	530.13	20,910	11,085,113	19,908	Oct 14 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Sep 14 '26	Option Exercise	151.25	20,913	3,163,091	40,938	Sep 16 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Sep 14 '26	Sale	544.19	20,913	11,380,738	20,025	Sep 16 04:15 PM
Stig Gustav Victor Soderstrom	Officer	Sep 14 '26	Proposed Sale	556.31	83,643	46,531,437		Sep 14 05:59 PM
Jenkins Dustee	Chief Public Affairs Officer	Aug 14 '26	Option Exercise	151.25	1,722	260,452	41,550	Aug 18 04:15 PM
Jenkins Dustee	Chief Public Affairs Officer	Aug 14 '26	Sale	512.92	3,810	1,954,343	39,828	Aug 18 04:15 PM
DUSTEE JENKINS	Officer	Aug 14 '26	Proposed Sale	512.92	3,813	1,955,745		Aug 14 05:19 PM
Norstrom Alex	Co-Chief Executive Officer	Aug 03 '26	Option Exercise	151.25	5,436	822,195	72,209	Aug 05 04:16 PM
Norstrom Alex	Co-Chief Executive Officer	Aug 03 '26	Sale	502.10	5,436	2,729,435	66,773	Aug 05 04:16 PM
Soderstrom Gustav	Co-Chief Executive Officer	Aug 03 '26	Option Exercise	151.25	20,833	3,150,991	40,975	Aug 05 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Aug 03 '26	Sale	507.24	20,833	10,567,336	20,142	Aug 05 04:15 PM
Norstrom Alex	Co-Chief Executive Officer	Jul 06 '26	Option Exercise	151.25	5,436	822,195	73,018	Jul 08 04:15 PM
Norstrom Alex	Co-Chief Executive Officer	Jul 06 '26	Sale	480.86	5,436	2,613,965	67,582	Jul 08 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Jul 06 '26	Option Exercise	151.25	20,833	3,150,991	41,092	Jul 08 04:15 PM
Soderstrom Gustav	Co-Chief Executive Officer	Jul 06 '26	Sale	478.45	20,833	9,967,538	20,259	Jul 08 04:15 PM
Alex Ming Norstroem	Officer	Jul 06 '26	Proposed Sale	483.01	10,872	5,251,285		Jul 06 06:20 PM
Stig Gustav Victor Soderstrom	Officer	Jul 06 '26	Proposed Sale	483.01	41,666	20,125,095		Jul 06 06:20 PM
Soderstrom Gustav	Co-Chief Executive Officer	Jun 02 '26	Option Exercise	151.25	20,833	3,150,991	41,209	Jun 03 05:05 PM
Soderstrom Gustav	Co-Chief Executive Officer	Jun 02 '26	Sale	496.52	20,833	10,344,030	20,376	Jun 03 05:05 PM
Norstrom Alex	Co-Chief Executive Officer	Jun 02 '26	Option Exercise	151.25	5,436	822,195	73,826	Jun 03 05:04 PM
Norstrom Alex	Co-Chief Executive Officer	Jun 02 '26	Sale	498.27	5,436	2,708,586	68,390	Jun 03 05:04 PM
SARANDOS THEODORE A	Director	May 28 '26	Option Exercise	241.57	5,630	1,360,039	19,413	May 29 04:20 PM
Marshall Christopher P	Director	May 26 '26	Option Exercise	241.57	5,630	1,360,039	6,689	May 28 06:53 PM
Marshall Christopher P	Director	May 26 '26	Sale	519.86	2,650	1,377,629	4,039	May 28 06:53 PM
STAGGS THOMAS O	Director	May 26 '26	Option Exercise	322.09	8,942	2,880,148	9,096	May 27 04:12 PM
STAGGS THOMAS O	Director	May 26 '26	Sale	526.00	5,477	2,880,902	3,619	May 27 04:12 PM
WARRIOR PADMASREE	Director	May 22 '26	Option Exercise	241.57	2,815	680,020	11,084	May 27 04:11 PM
Lorentzon Sven Hans Martin	Director	May 22 '26	Option Exercise	230.65	35,380	8,160,313	41,763	May 27 04:10 PM
Lorentzon Sven Hans Martin	Director	May 22 '26	Sale	525.73	35,380	18,600,331	6,383	May 27 04:10 PM
Christopher P. Marshall for th	Director	May 26 '26	Proposed Sale	519.86	2,650	1,377,629		May 26 07:22 PM
THOMAS STAGGS	Director	May 26 '26	Proposed Sale	526.00	5,477	2,880,902		May 26 04:11 PM
MARTIN LORENTZON	Director	May 22 '26	Proposed Sale	525.73	35,380	18,600,331		May 22 04:06 PM
Soderstrom Gustav	Co-Chief Executive Officer	May 05 '26	Option Exercise	151.25	20,833	3,150,991	41,325	May 07 04:16 PM
Soderstrom Gustav	Co-Chief Executive Officer	May 05 '26	Sale	430.72	20,833	8,973,092	20,492	May 07 04:16 PM
Norstrom Alex	Co-Chief Executive Officer	May 05 '26	Option Exercise	151.25	5,436	822,195	74,634	May 07 04:15 PM
Norstrom Alex	Co-Chief Executive Officer	May 05 '26	Sale	433.07	5,436	2,354,192	69,198	May 07 04:15 PM
McCARTHY BARRY	Director	May 04 '26	Option Exercise	241.57	5,630	1,360,039	351,332	May 05 04:24 PM
Soderstrom Gustav	Co-Chief Executive Officer	Apr 01 '26	Option Exercise	151.25	20,833	3,150,991	41,442	Apr 03 04:08 PM
Soderstrom Gustav	Co-Chief Executive Officer	Apr 01 '26	Sale	473.52	20,833	9,864,807	20,609	Apr 03 04:08 PM
Norstrom Alex	Co-Chief Executive Officer	Apr 01 '26	Option Exercise	151.25	5,436	822,195	75,425	Apr 03 04:08 PM
Norstrom Alex	Co-Chief Executive Officer	Apr 01 '26	Sale	479.51	5,436	2,606,629	69,989	Apr 03 04:08 PM
Alex Ming Norstroem	Officer	Mar 16 '26	Proposed Sale	524.00	21,745	11,394,380		Mar 16 05:32 PM
Stig Gustav Victor Soderstrom	Officer	Mar 16 '26	Proposed Sale	524.00	83,334	43,667,016		Mar 16 05:30 PM
DUSTEE JENKINS	Officer	Mar 10 '26	Proposed Sale	538.34	1,975	1,063,218		Mar 10 04:35 PM
SHISHIR MEHROTRA	Director	Mar 05 '26	Proposed Sale	550.03	5,630	3,096,652		Mar 05 04:02 PM

Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with online and offline streaming access of music and podcasts on computers, tablets, and mobile devices. The Ad-Supported segment offers users with limited on-demand online access of music and unlimited online access of podcasts on computers, tablets, and mobile and smart devices. The company was founded by Daniel Ek and Martin Lorentzon on December 27, 2006 and is headquartered in Stockholm, Sweden.

Founder & Executive ChairmanMr. Daniel G. Ek

Co-CEO & DirectorMr. Alex Norstrom

Co-CEO & DirectorMr. Gustav Soderstrom

Co-Founder & DirectorMr. Sven Martin Lorentzon

Chief Financial OfficerMr. Christian Luiga

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Spotify Technology SA

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