Spotify Technology (SPOT) Common Equity (2017 - 2026)
Spotify Technology (SPOT) recorded Common Equity of $9.75 billion in the quarter ended Jun 30, 2026, up 29.9% from $7.5 billion a year earlier and up 3.9% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Common Equity (2017 - 2026) Analysis & Trends
As of Dec 31, 2025, Spotify Technology reported Common Equity of $9.7 billion, up 64.2% from the prior year.
- Annual Common Equity has increased for four straight years, with a five-year compound annual growth rate of 24.8% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Common Equity came in at $5.9 billion in the year ended Dec 31, 2024 (+117.5%), $2.71 billion in the year ended Dec 31, 2023 (+10.8%), $2.45 billion in the year ended Dec 31, 2022 (+1.1%) and $2.42 billion in the year ended Dec 31, 2021 (-24.3%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Common Equity in data going back to the quarter ended Dec 31, 2017.
- On a year-over-year basis, Common Equity has increased for 12 consecutive quarters, with growth averaging 74.7% over the last eight quarters.
- Peak year-over-year performance for Common Equity in the last five years was growth of 118.5% in the quarter ended Sep 30, 2024, against a decline of 38.4% in the quarter ended Mar 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $9.38 billion (quarter ended Mar 31, 2026), $9.7 billion (quarter ended Dec 31, 2025) and $9.09 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 66.00 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 9.75 Bn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 7.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.75 Bn |
| Mar 31, 2026 | 9.38 Bn |
| Dec 31, 2025 | 9.70 Bn |
| Sep 30, 2025 | 9.09 Bn |
| Jun 30, 2025 | 7.50 Bn |
| Mar 31, 2025 | 6.57 Bn |
| Dec 31, 2024 | 5.90 Bn |
| Sep 30, 2024 | 5.09 Bn |
| Jun 30, 2024 | 4.59 Bn |
| Mar 31, 2024 | 3.59 Bn |
| Dec 31, 2023 | 2.71 Bn |
| Sep 30, 2023 | 2.33 Bn |
| Jun 30, 2023 | 2.24 Bn |
| Mar 31, 2023 | 2.51 Bn |
| Dec 31, 2022 | 2.45 Bn |
| Sep 30, 2022 | 2.25 Bn |
| Jun 30, 2022 | 2.46 Bn |
| Mar 31, 2022 | 2.41 Bn |
| Dec 31, 2021 | 2.42 Bn |
| Sep 30, 2021 | 2.50 Bn |
API Access
Spotify Technology Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();