SPOT

NYSE·Communication Services·Internet Content & Information·SE

Latest market price

482.66

+13.67+2.91%

Overview Short InterestFilings

SPOTQT38Spotify Technology S.A.·NYSE

Overview Short InterestFilings

482.66+2.91%

News

Up 2.9% — XYZ or SPOT: Which Is the Better Value Stock Right Now? (zacks.com).

Medium confidence

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Signal & projected range

QT Score downgradeHistorical pattern — not a prediction

Range still being built for this setupWe don’t yet have a frozen historical track record for qt score downgrade to describe a reliable spread of outcomes. The projected range appears once its backtest is established.

Ranges describe how this exact setup resolved in the past — derived from thousands of historical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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DASH+1.85%$172.91 BIDU-1.91%$105.34 RDDT-0.03%$168.73 PINS+1.10%$22.13 TME+1.14%$8.86 MTCH+1.36%$37.91 Z+3.99%$30.76 ZG+3.79%$30.68

Index	-	P/E	32.12	EPS (ttm)	15.03	Insider Own	0.32%	Shs Outstand	205.62M	Perf Week	0.95%

Market Cap	99.23B	Forward P/E	26.88	EPS next Y	17.95	Insider Trans	-22.84%	Shs Float	151.11M	Perf Month	6.08%

Enterprise Value	93.78B	PEG	0.25	EPS next Q	-	Inst Own	88.87%	Short Float	4.34%	Perf Quarter	-6.45%

Income	3.08B	P/S	4.98	EPS this Y	14.76%	Inst Trans	-	Short Ratio	3.06	Perf Half Y	-3.20%

Sales	19.94B	P/B	10.88	EPS next Y	24.47%	ROA	20.61%	Short Interest	6.56M	Perf YTD	-16.88%

Book/sh	-	P/C	26.91	EPS next 5Y	20.36%	ROE	35.18%	52W High	748.31 -35.50%	Perf Year	-28.44%

Cash/sh	-	P/FCF	27.40	EPS past 3/5Y	-	ROIC	27.00%	52W Low	404.98 19.18%	Perf 3Y	168.38%

Dividend Est.	-	EV/EBITDA	27.82	Sales past 3/5Y	16.28% 16.62%	Gross Margin	32.32%	Volatility	3.11% 3.42%	Perf 5Y	98.43%

Dividend TTM	-	EV/Sales	4.70	EPS Y/Y TTM	111.25%	Oper. Margin	13.71%	ATR (14)	17.38	Perf 10Y	-

Dividend Ex-Date	-	Quick Ratio	2.06	Sales Y/Y TTM	19.88%	Profit Margin	15.45%	RSI (14)	51.89	Recom	2.42

Dividend Gr. 3/5Y	-	Current Ratio	2.06	EPS Q/Q	257.52%	SMA20	0.77%	Beta	1.56	Target Price	600.00

Payout	0.00%	Debt/Eq	0.06	Sales Q/Q	20.48%	SMA50	0.94%	Rel Volume	0.54	Prev Close	468.99

Employees	7,323	LT Debt/Eq	0.10	Earnings	Aug 04	SMA200	-8.59%	Avg Volume	2.15M	Price	482.66

IPO Date	Apr 03, 2018	Option/Short	Yes / Yes	EPS/Sales Surpr.	15.74% -1.53%	Net Debt/EBITDA	-1.61	Volume	1,155,830	Change	2.91%

Analyst Ratings

Date	Action	Analyst	Rating	Target
Jul-10-26	Reiterated	UBS	Buy	$735 → $690
Jul-09-26	Reiterated	Wells Fargo	Overweight	$600 → $570
May-26-26	Reiterated	Cantor Fitzgerald	Neutral	$525 → $520
May-22-26	Reiterated	Morgan Stanley	Overweight	$650 → $610
May-22-26	Reiterated	Wells Fargo	Overweight	$710 → $600
May-22-26	Reiterated	Barclays	Overweight	$500 → $565
May-21-26	Reiterated	Jefferies	Hold	$540 → $600
Apr-30-26	Reiterated	UBS	Buy	$600 → $735
Apr-29-26	Reiterated	UBS	Buy	$700 → $600
Apr-29-26	Reiterated	Canaccord Genuity	Buy	$750 → $720

Company

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.

Ownership

Total institutional ownership88.87%

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue	20,328	19,388	16,957	14,329	12,332	11,434	8,987	7,576	6,206
Cost of Goods Sold Incl. D&A	13,757	13,188	11,846	10,654	9,255	8,369	6,689	5,647	4,610
Gross Profit	6,570	6,200	5,111	3,674	3,077	3,064	2,298	1,929	1,597
Selling, General and Administrative Excl. Other	2,220	2,149	2,026	2,291	2,311	1,874	1,678	1,322	1,066
Research and Development	1,556	1,571	1,608	1,866	1,459	1,079	955	689	582
Other Operating Expense	1	1	0	0	0	0	-1	-1	-1
Operating Income	2,793	2,480	1,477	-482	-693	111	-334	-82	-51
Interest Expense	34	35	39	41	43	47	57	47	7
Unusual Expense	—	—	—	—	—	—	—	—	—
Non-Operating Income (Expense)	548	64	13	-23	347	231	-417	-17	-146
Net Income Before Taxes	3,307	2,509	1,451	-546	-389	294	-809	-147	-204
Income Taxes	143	14	220	29	63	335	-146	62	-112
Consolidated Net Income	3,165	2,495	1,231	-575	-452	-40	-663	-208	-92
Net Income From Continuing Operations	3,165	2,495	1,231	-575	-452	-40	-663	-208	-92
Net Income	3,165	2,495	1,231	-575	-452	-40	-663	-208	-92
EPS (Recurring)	15.44	12.15	6.13	-2.95	-2.35	-0.21	-3.54	-1.15	-0.52
EPS (Basic, Before Extraordinaries)	15.44	12.15	6.13	-2.95	-2.35	-0.21	-3.54	-1.15	-0.52
EPS (Diluted)	12.57	11.86	5.95	-2.95	-3.08	-1.22	-3.54	-1.15	-0.60
EBITDA	3,459	2,659	1,621	-334	-166	492	-620	-1	-159
Other After Tax Adjustments	—	—	—	—	—	—	—	—	—
Stock Option Compensation Expense	—	—	—	—	—	—	—	—	—
Price To Earnings Ratio	38.40	48.98	75.18	—	—	—	—	—	—
Price To Sales Ratio	4.89	6.14	5.30	2.56	1.24	3.91	6.58	3.57	3.24
Gross Margin	32.32	31.98	30.14	25.64	24.95	26.80	25.57	25.46	25.73
Operating Margin	13.74	12.79	8.71	-3.36	-5.62	0.97	-3.72	-1.08	-0.82
Net Margin	15.57	12.87	7.26	-4.01	-3.67	-0.35	-7.38	-2.75	-1.48
Shares Outstanding	206	205	201	195	193	191	188	181	177
Market Capitalization	99,428	119,046	89,923	36,642	15,237	44,700	59,156	27,069	20,090
Operating Lease Expense	—	—	—	—	—	—	—	—	—

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Insider Trading Volume

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Norstrom Alex	Co-Chief Executive Officer	Jul 06 '26	Sale	480.86	5,436	2,613,966	67,582	Jul 08
Norstrom Alex	Co-Chief Executive Officer	Jul 06 '26	Option Exercise	151.25	5,436	822,195	73,018	Jul 08
Soderstrom Gustav	Co-Chief Executive Officer	Jul 06 '26	Option Exercise	151.25	20,833	3,150,991	41,092	Jul 08
Soderstrom Gustav	Co-Chief Executive Officer	Jul 06 '26	Sale	478.45	20,833	9,967,538	20,259	Jul 08
Soderstrom Gustav	Co-Chief Executive Officer	Jun 02 '26	Sale	496.52	20,833	10,344,030	20,376	Jun 03
Soderstrom Gustav	Co-Chief Executive Officer	Jun 02 '26	Option Exercise	151.25	20,833	3,150,991	41,209	Jun 03
Norstrom Alex	Co-Chief Executive Officer	Jun 02 '26	Option Exercise	151.25	5,436	822,195	73,826	Jun 03
Norstrom Alex	Co-Chief Executive Officer	Jun 02 '26	Sale	498.27	5,436	2,708,586	68,390	Jun 03
SARANDOS THEODORE A	Director	May 28 '26	Option Exercise	241.57	5,630	1,360,039	19,413	May 29
Marshall Christopher P	Director	May 26 '26	Option Exercise	241.57	5,630	1,360,039	6,689	May 28
Marshall Christopher P	Director	May 26 '26	Sale	519.86	2,650	1,377,629	4,039	May 28
STAGGS THOMAS O	Director	May 26 '26	Option Exercise	322.09	8,942	2,880,148	9,096	May 27
STAGGS THOMAS O	Director	May 26 '26	Sale	526.00	5,477	2,880,902	3,619	May 27
WARRIOR PADMASREE	Director	May 22 '26	Option Exercise	241.57	2,815	680,020	11,084	May 27
Lorentzon Sven Hans Martin	Director	May 22 '26	Option Exercise	230.65	35,380	8,160,313	41,763	May 27