Spotify Technology (SPOT) Debt Ratio (2018 - 2025)
Spotify Technology's (SPOT) Debt Ratio came in at 0.10 for Q4 2025, down 24.3% from 0.13 a year earlier.
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Analysis
Spotify Technology (SPOT) Debt Ratio (2018 - 2025) Analysis & Trends
Since Q1 2018, Spotify Technology has reported Debt Ratio for 27 quarters.
- Annual Debt Ratio has declined for three consecutive years.
- In prior years, Spotify Technology's Debt Ratio was 0.13 in FY2024 (-55.8%), 0.29 in FY2023 (-2.6%), 0.30 in FY2022 (+77.9%) and 0.17 in FY2021.
- Quarterly Debt Ratio has run from a low of 0.00 in Q3 2024 to a high of 416.58 in Q3 2021 over five years.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q2 2022, with growth of 92.3%; the weakest was Q3 2022, with a decline of 99.9%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.00 (Q3 2025), 0.00 (Q2 2025) and 0.00 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 0.26 |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 0.07 |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 0.19 |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | - |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 0.68 |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | - |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 0.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.10 |
| Sep 30, 2025 | 0.00 |
| Jun 30, 2025 | 0.00 |
| Mar 31, 2025 | 0.00 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.14 |
| Mar 31, 2024 | 0.14 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.16 |
| Mar 31, 2023 | 0.31 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.32 |
| Jun 30, 2022 | 0.31 |
| Mar 31, 2022 | 0.16 |
| Dec 31, 2021 | 0.17 |
| Sep 30, 2021 | 416.58 |
| Jun 30, 2021 | 0.16 |
| Mar 31, 2021 | 0.15 |
API Access
Spotify Technology Debt Ratio 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=debt-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();