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Spotify Technology SPOT

$506.26
−$4.14 (-0.81%)
Market open · Sep 24, 2:00 pm ET
After hours $510.50 +0.02%
Open$507.39
Prev close$510.40
Day range$503.17 – $512.46
Volume478.1K
Market cap$104.08B
P/E (TTM)28.0
Dividend yield–

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

SPOT at a glance

Spotify Technology (SPOT) is trading at $506.26, down 0.81% on the day. Its market value of $104.08B makes it the 150th largest of the 300 companies we follow.

The 52-week range is $405.00 to $740.00. Today's price is about 30% of the way from the low to the high. Holders are behind 28.6% over twelve months, but up 11.3% across the last three months.

Price is below the 50-day average ($514.38) but above the 200-day ($503.52); RSI is 41, and the last 30 sessions moved at roughly 42% annualized volatility.

For the quarter ended Jun 2026 it reported €4.78B in revenue, up 13.9% from a year earlier, with €545.00M of net profit (a 18.4% margin).

Valuation works out to 28.0 times trailing earnings. The median for its industry group is 32.8.

22 analysts follow the stock and the average call is "buy". The mean target, $614.85, sits 21.4% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Spotify Technology: the business

Spotify runs the largest music streaming service, with free ad-supported and paid tiers, plus podcasts and audiobooks.

What tends to move it. Subscriber growth, price increases and margin improvement are what investors track.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
-0.8%
1 week
-7.5%
1 month
-5.9%
3 months
+11.3%
6 months
+4.4%
Year to date
-12.8%
1 year
-28.6%
Day range
$503.17$512.46
52-week range
$405.00$740.00

Technical signals

Full technicals →
Trend readLeaning bearish

2 bullish · 5 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-5.3%Bearish
Price vs 50-day average-1.6%Bearish
Price vs 200-day average+0.5%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)41.4Bearish
MACD (12,26,9)-1.69Bearish
Bollinger band position13%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$506.14 / $506.44
Average price today$508.64
Volume478.1KAvg (90d) 1.88M
Turnover$243.19M
Turnover rate0.30%of shares outstanding
Volume ratio0.41vs. recent average pace
Day amplitude1.82%
Market cap$104.08B
Float market cap$79.52B
Shares outstanding157.08M
EPS (TTM)$11.96
P/E (TTM)27.95
P/B10.91
Book value / share$46.42
Earnings yield0.39%
Net profit (TTM)$2.46B
Net assets$9.54B
30-day volatility42.3%annualized
Avg daily range (ATR)3.85%of price, 14 days
Max drawdown (1y)-44.1%-31.5% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How SPOT ranks on BeStock

Market value#150 of 300
P/E (cheapest = 1)#219 of 283
Closeness to 52-week high#271 of 300
Dollar volume today#159 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026 · reported in EUR

Revenue€4.78B+13.9% YoY
Operating profit€655.00M+61.3% YoY
Net profit€545.00M+733.7% YoY
Diluted EPS€2.61+721.4% YoY
Free cash flow€796.00M+13.9% YoY
Operating cash flow€816.00M

Revenue, last 8 quarters

€4.0BSep '24€4.2BDec '24€4.2BMar '25€4.2BJun '25€4.3BSep '25€4.5BDec '25€4.5BMar '26€4.8BJun '26

Net profit, last 8 quarters

€300.0MSep '24€367.0MDec '24€225.0MMar '25€-86.0MJun '25€899.0MSep '25€1.2BDec '25€721.0MMar '26€545.0MJun '26

Profitability & balance sheet

Gross margin32.8%
Operating margin14.6%
Net margin18.4%
Return on equity44.5%
Return on assets24.5%
Return on invested capital35.4%
Current ratio2.11
Liabilities / assets39.0%
Cash & investments€9.39B
Total debt€404.00M
Net cash (debt)€8.98B
Free cash flow / sales18.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Premium€4.33B 90.7%
  • Ad-Supported€446.00M 9.3%
Average move on report day±9.6%last 16 reports
Closed higher9 of 1656% of the time
Best reaction+14.7%
Worst reaction-14.3%

Stock move on the day after each report

+11.4%2024/Q3+13.2%2024/Q4-3.5%2025/Q1-11.6%2025/Q2-2.2%2025/Q3+14.7%2025/Q4-12.4%2026/Q1-1.7%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings29.3x
CheapRich

Around its usual level · 60th percentile, 5-year average -22.3x

#2044 of 2974 stocks by PE (1 = cheapest)

Price / book11.4x
CheapRich

Around its usual level · 46th percentile, 5-year average 13.1x

#4908 of 5302 stocks by PB (1 = cheapest)

Price / sales5.3x
CheapRich

Above its usual level · 74th percentile, 5-year average 4.1x

#3890 of 5139 stocks by PS (1 = cheapest)

P/E over five years

-535x-286x-37x211xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$560.00
Price vs. fair value-9.6%Trading below the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyHigh

Analyst view

All ratings →
ConsensusBuy
Analysts22
Average target$614.85+21.4% vs. price
  • Buy 82%
  • Hold 18%
Low $525.00Now $506.26Avg $614.85High $720.00

Latest rating actions

  • 14 Sep 2026Morgan StanleyBUY · PT $640.00
  • 11 Sep 2026Goldman SachsBUY · PT $655.00
  • 10 Sep 2026KeyBancBUY · PT $680.00
  • 9 Sep 2026BarclaysBUY · PT $565.00
  • 8 Sep 2026Morgan StanleyBUY · PT $640.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership76.3%-0.62 pts vs. prior quarter
Institutions holding1,616-9 vs. prior quarter
Insider trades (recent)9 buys / 8 sellsNet buying
Short interest2.98% of floatDays to cover 3.5 · as of 31 Aug 2026
Short-sale volume share22.3%5-day average of daily volume

Short-sale volume as % of daily volume

14%22%29%36%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: +$32.15M (12 inflow days, 8 outflow days).

Latest headlines

More news →
  • GMO Media: With AI-powered search, "Koeteco by GMO" has claimed the overall No. 1 spot in the Education & School category for "highly cited educational media."JPX · 8 Sep 2026
  • U.S. spot Ethereum ETFs recorded net outflows of $224.1 million yesterday.Breakings · 17 Sep 2026
  • Spotify Technology(SPOT.US) Officer Sells US$11.38 Million in Common StockMarket news · 17 Sep 2026
  • Spot gold broke through $4,350 per ounce, rising 2.06% during the session.Breakings · 17 Sep 2026
  • Coinbase will launch spot trading for BLUECHIP.Breakings · 16 Sep 2026
  • U.S. spot Ethereum ETFs recorded a net outflow of $142.3 million yesterday.Breakings · 16 Sep 2026

SPOT stock: common questions

Where is SPOT trading right now?

$506.26 is the latest print for SPOT, a move of -0.81% against yesterday's close of $510.40. Today's low and high so far: $503.17 and $512.46.

How big is Spotify Technology?

Equity value comes to $104.08B at the current price. By that measure it is number 150 of the 300 names in our coverage.

Is SPOT expensive on earnings?

Buyers pay 28.0 times the last twelve months of profit (EPS $11.96).

How far is SPOT from its yearly high?

The year's floor is $405.00 and the ceiling $740.00. Shares are 31.6% away from that ceiling.

Are there dividends on Spotify Technology shares?

Our data shows no dividend paid by Spotify Technology over the trailing twelve months.

Do Wall Street analysts like SPOT?

Of 22 analysts, 82% say buy, 18% hold and 0% sell. Price targets average $614.85, with the most cautious at $525.00 and the most optimistic at $720.00.

How does Spotify Technology make money?

Spotify runs the largest music streaming service, with free ad-supported and paid tiers, plus podcasts and audiobooks.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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