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SPOT Stock Chart & Stats
$552.57
$13.67(2.91%)
At close: 4:00 PM EDT
$552.57
$13.67(2.91%)
Day’s Range― - ―
52-Week Range$405.00 - $700.12
Previous CloseN/A
Volume1.17M
Average Volume (3M)1.41M
Market Cap
$108.87B
Enterprise Value$85.69B
Total Cash (Recent Filing)$9.39B
Total Debt (Recent Filing)$466.00M
Price to Earnings (P/E)29.2
Beta0.92
Next Earnings
Oct 22, 2026EPS Estimate
3.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)16.22
Shares Outstanding205,882,340
10 Day Avg. Volume1,463,738
30 Day Avg. Volume1,411,330
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 Cap0.79
Enterprise Value/Revenue4.73
Enterprise Value/Gross Profit14.42
Enterprise Value/Ebitda23.55
Forecast
1Y Price Target
$602.48Price Target Upside9.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)12.18
Revenue Forecast (FY)$19.53B
Bulls Say, Bears Say
Bulls Say
Premium Subscriber Scale And GrowthA 300 million subscriber base gives Spotify substantial recurring revenue scale, broadens network effects, and supports stronger bargaining power across its ecosystem. Continued subscriber additions and ARPU growth indicate that premium adoption and monetization remain durable sources of expansion.
Margin Expansion And Cash GenerationThe combination of record gross margin, meaningful operating profit, and strong free cash flow shows that Spotify is converting scale into improved economics. Sustained profitability and cash generation can fund product investment, strengthen resilience, and support flexible capital allocation.
Broadening Product EcosystemExpansion beyond core music creates additional ways to deepen engagement and monetize the existing user base. Audiobooks, AI personalization, ticketing, and creator-focused features can increase user lifetime value and make Spotify’s platform more differentiated over time.
Bears Say
Weak Ad-supported MonetizationAdvertising remains a meaningful execution gap relative to Spotify’s large free audience. Continued low growth limits diversification away from subscriptions, while direct-sales weakness suggests that automation and advertiser expansion have not yet fully translated into durable revenue acceleration.
Moderating Top-line GrowthSlower revenue growth means future performance increasingly depends on efficiency and margin gains rather than rapid market expansion. If user growth or monetization decelerates further, Spotify may have less operating leverage to offset content costs and sustain its current profitability trajectory.
Content Licensing And AI Rollout UncertaintySpotify’s ability to scale AI music features depends on obtaining sufficient rights-holder participation and managing phased product launches. Uncertain catalog access could delay adoption, limit the value of these innovations, and complicate efforts to create new monetization channels.
Spotify News
SPOT FAQ
What was Spotify’s price range in the past 12 months?
Spotify lowest stock price was $405.00 and its highest was $700.12 in the past 12 months.
What is Spotify’s market cap?
Spotify’s market cap is $108.87B.
When is Spotify’s upcoming earnings report date?
Spotify’s upcoming earnings report date is Oct 22, 2026 which is in 9 days.
How were Spotify’s earnings last quarter?
Spotify released its earnings results on Aug 04, 2026. The company reported $2.915 earnings per share for the quarter, missing the consensus estimate of $3.086 by -$0.171.
Is Spotify overvalued?
According to Wall Street analysts Spotify’s price is currently Undervalued.
Does Spotify pay dividends?
Spotify does not currently pay dividends.
What is Spotify’s EPS estimate?
Spotify’s EPS estimate is 3.14.
How many shares outstanding does Spotify have?
Spotify has 205,882,340 shares outstanding.
What happened to Spotify’s price movement after its last earnings report?
Spotify reported an EPS of $2.915 in its last earnings report, missing expectations of $3.086. Following the earnings report the stock price went down -1.678%.
Which hedge fund is a major shareholder of Spotify?
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$602.48 (9.03% Upside)
$602.48 (9.03% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 62%
Sector Average 58%
Sector Average 58%
Hedge Fund Trend
Decreased
By 69.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 1.0%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-22.83%
12-Months-Change
Fundamentals
Return on Equity
41.09%
Trailing 12-Months
Asset Growth
-0.56%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Spotify
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
$602.48
▲(9.03% Upside)
Technical Analysis
Meta Platforms
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Alphabet Class A
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Snap
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Bilibili
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Tencent Music Entertainment Group
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Ownership Overview
10.03% Insiders
13.89% Mutual Funds
0.06% Other Institutional Investors
70.04% Public Companies and Individual Investors