Spotify Technology (SPOT) Debt Ratio (2019 - 2025)
Spotify Technology's (SPOT) Debt Ratio came in at 0.10 for the quarter ended Dec 31, 2025, down 24.3% from 0.13 a year earlier.
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Analysis
Spotify Technology (SPOT) Debt Ratio (2019 - 2025) Analysis & Trends
Since the quarter ended Dec 31, 2017, 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 the year ended Dec 31, 2024 (-55.8%), 0.29 in the year ended Dec 31, 2023 (-2.6%), 0.30 in the year ended Dec 31, 2022 (+77.9%) and 0.17 in the year ended Dec 31, 2021.
- The figure for the quarter ended Dec 31, 2025 stands as the lowest quarterly Debt Ratio since the quarter ended Jun 30, 2020.
- On a year-over-year basis, Debt Ratio increased in 1 of the last five quarters, with an average decline of 8.6%.
- The strongest year-over-year quarter for Debt Ratio in the past five years was the quarter ended Jun 30, 2021, with growth of 164.0%; the weakest was the quarter ended Sep 30, 2022, with a decline of 99.9%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 0.07 |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 0.68 |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | - |
| 10 | Airbnb | 97.86 Bn | 51.09 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 | 0.13 |
| 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();