Spotify Technology (SPOT) Enterprise Value (2018 - 2026)
Spotify Technology (SPOT) posted Enterprise Value of $83.59 billion for the quarter ended Jun 30, 2026, down 43.1% from $146.97 billion a year earlier and down 6.7% from the prior quarter.
Spotify Technology (SPOT) Enterprise Value (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Enterprise Value at Spotify Technology was $51.74 billion, down 58.3% year-over-year; for the year ended Dec 31, 2025, it came in at $108.51 billion, up 30.4% from the prior year.
- Annual Enterprise Value has increased for three consecutive years, with a five-year compound annual growth rate of 13.4% (years ended Dec 2020 to Dec 2025).
- In prior years, Spotify Technology's Enterprise Value was $83.24 billion in the year ended Dec 31, 2024 (+156.0%), $32.51 billion in the year ended Dec 31, 2023 (+174.5%), $11.84 billion in the year ended Dec 31, 2022 (-71.1%) and $40.97 billion in the year ended Dec 31, 2021 (-29.2%).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Enterprise Value since the quarter ended Dec 31, 2024.
- On a year-over-year basis, Enterprise Value increased in six of the last eight quarters, with growth averaging 83.5%.
- The strongest year-over-year quarter for Enterprise Value in the past five years was the quarter ended Dec 31, 2023, with growth of 174.5%; the weakest was the quarter ended Dec 31, 2022, with a decline of 71.1%.
- According to Business Quant data, Enterprise Value for the three prior quarters was $89.57 billion (quarter ended Mar 31, 2026), $108.51 billion (quarter ended Dec 31, 2025) and $131.69 billion (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - |
| 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 |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.59 Bn |
| Mar 31, 2026 | 89.57 Bn |
| Dec 31, 2025 | 108.51 Bn |
| Sep 30, 2025 | 131.69 Bn |
| Jun 30, 2025 | 146.97 Bn |
| Mar 31, 2025 | 106.84 Bn |
| Dec 31, 2024 | 83.24 Bn |
| Sep 30, 2024 | 67.50 Bn |
| Jun 30, 2024 | 57.50 Bn |
| Mar 31, 2024 | 48.28 Bn |
| Dec 31, 2023 | 32.51 Bn |
| Sep 30, 2023 | 25.85 Bn |
| Jun 30, 2023 | 27.31 Bn |
| Mar 31, 2023 | 22.14 Bn |
| Dec 31, 2022 | 11.84 Bn |
| Sep 30, 2022 | 12.89 Bn |
| Jun 30, 2022 | 14.22 Bn |
| Mar 31, 2022 | 25.05 Bn |
| Dec 31, 2021 | 40.97 Bn |
| Sep 30, 2021 | 39.05 Bn |
Spotify Technology Enterprise Value 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=enterprise-value&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();