Spotify Technology (SPOT) Debt to Equity (2017 - 2025)
Spotify Technology's (SPOT) quarterly Debt to Equity came in at $0.18 in Q4 2025, down 37.16% year-on-year from $0.28 in Q4 2024, and down 37.16% quarter-over-quarter from $0.28 in Q4 2024.
Spotify Technology (SPOT) Debt to Equity (2017 - 2025) Analysis & Trends
Spotify Technology has disclosed Debt to Equity across 9 years of filings, most recently posting $0.18 for Q4 2025.
- Debt to Equity for Q4 2025 came in at $0.18, down 37.16% year-over-year; the trailing twelve-month figure through Dec 2025 was $0.18 (down 37.16% YoY), and the FY2025 annual result was $0.18, down 37.16% from the prior year.
- Debt to Equity came in at $0.18 for Q4 2025 at Spotify Technology, down from $0.28 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1.13 in Q4 2021 to a low of $0.18 in Q4 2025.
- The 5-year median for Debt to Equity is $0.94 (2022), against an average of $0.7.
- Across the five-year window, Debt to Equity soared 2930.73% in 2021 and tumbled 70.79% in 2024, its largest moves.
- Spotify Technology's Debt to Equity stood at $1.13 in 2021, then decreased by 17.18% to $0.94 in 2022, then rose by 1.49% to $0.95 in 2023, then slumped by 70.79% to $0.28 in 2024, then sank by 37.16% to $0.18 in 2025.
- The last three Debt to Equity figures came in at $0.18 (Q4 2025), $0.28 (Q4 2024), and $0.95 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,942,920.03 Bn | 1,942,920.03 Bn | 295.20 Mn | 1.17 |
| 2 | Alphabet | 4,333.14 Bn | 4,117.52 Bn | 102.29 Bn | 0.16 |
| 3 | Meta Platforms | 1,436.75 Bn | 1,355.57 Bn | 46.09 Bn | 0.24 |
| 4 | Spotify Technology | 115.76 Bn | 105.52 Bn | 1.75 Bn | - |
| 5 | 31.07 Bn | 28.30 Bn | 511.94 Mn | - | |
| 6 | 12.92 Bn | 11.62 Bn | 768.96 Mn | - | |
| 7 | Kanzhun | 12.73 Bn | 10.63 Bn | 255.62 Bn | - |
| 8 | Snap | 8.83 Bn | 6.00 Bn | 1.29 Bn | 1.70 |
| 9 | Match | 8.15 Bn | 7.13 Bn | 653.28 Mn | -18.22 |
| 10 | Zillow | 7.57 Bn | 6.79 Bn | 519.00 Mn | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.28 |
| Dec 31, 2023 | 0.95 |
| Dec 31, 2022 | 0.94 |
| Dec 31, 2021 | 1.13 |
| Dec 31, 2020 | 0.04 |
| Dec 31, 2019 | 0.05 |
| Dec 31, 2018 | -4.40 |
| Sep 30, 2018 | 0.45 |
| Jun 30, 2018 | 0.63 |
| Mar 31, 2018 | 2.60 |
| Dec 31, 2017 | 1.49 |