Spotify Technology (SPOT) Enterprise Value (2018 - 2026)

For the trailing twelve months through Sep 30, 2026, Enterprise Value at Spotify Technology was $57.24 billion, down 49.3% year-over-year; for FY2025, it came in at $108.41 billion, up 29.9% from FY2024.

• Annual Enterprise Value has increased for three consecutive years, with a five-year compound annual growth rate of 13.4% (FY2020 to FY2025).
• In prior years, Spotify Technology's Enterprise Value was $83.45 billion in FY2024 (+157.7%), $32.38 billion in FY2023 (+177.0%), $11.69 billion in FY2022 (-71.5%) and $41.01 billion in FY2021 (-28.9%).
• Quarterly Enterprise Value has run from a low of $11.69 billion in Q4 2022 to a high of $146.63 billion in Q2 2025 over five years.
• On a year-over-year basis, Enterprise Value has declined in each of the last three quarters, with growth averaging 59.0% over the last eight quarters.
• The strongest year-over-year quarter for Enterprise Value in the past five years was Q4 2023, with growth of 177.0%; the weakest was Q4 2022, with a decline of 71.5%.
• According to Business Quant data, Enterprise Value for the three prior quarters was $83.78 billion (Q2 2026), $89.79 billion (Q1 2026) and $108.41 billion (Q4 2025).