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 Reddit 31.07 Bn 28.30 Bn 511.94 Mn -
6 Pinterest 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
DateValue
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