Spotify Technology (SPOT) Common Equity (2017 - 2026)
Spotify Technology (SPOT) recorded Common Equity of $9.91 billion in Q3 2026, up 8.6% from $9.13 billion a year earlier and up 3.5% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Common Equity (2017 - 2026) Analysis & Trends
At the end of FY2025, Spotify Technology reported Common Equity of $9.78 billion, up 70.2% from FY2024.
- Annual Common Equity has increased for four straight years, with a five-year compound annual growth rate of 23.2% (FY2020 to FY2025).
- Across earlier years, Common Equity came in at $5.75 billion in FY2024 (+105.9%), $2.79 billion in FY2023 (+9.1%), $2.56 billion in FY2022 (+6.7%) and $2.4 billion in FY2021 (-30.4%).
- The Q3 2026 figure is the highest quarterly Common Equity in data going back to Q4 2017.
- On a year-over-year basis, Common Equity has increased for 13 consecutive quarters, with growth averaging 60.0% over the last eight quarters.
- Peak year-over-year performance for Common Equity in the last five years was growth of 129.1% in Q3 2024, against a decline of 37.0% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $9.58 billion (Q2 2026), $9.18 billion (Q1 2026) and $9.78 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | 677.55 Bn |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | 272.39 Bn |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 29.29 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 163.05 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 9.91 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | -10.78 Bn |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 66.00 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 7.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.91 Bn |
| Jun 30, 2026 | 9.58 Bn |
| Mar 31, 2026 | 9.18 Bn |
| Dec 31, 2025 | 9.78 Bn |
| Sep 30, 2025 | 9.13 Bn |
| Jun 30, 2025 | 7.77 Bn |
| Mar 31, 2025 | 6.76 Bn |
| Dec 31, 2024 | 5.75 Bn |
| Sep 30, 2024 | 5.17 Bn |
| Jun 30, 2024 | 4.56 Bn |
| Mar 31, 2024 | 3.57 Bn |
| Dec 31, 2023 | 2.79 Bn |
| Sep 30, 2023 | 2.26 Bn |
| Jun 30, 2023 | 2.23 Bn |
| Mar 31, 2023 | 2.55 Bn |
| Dec 31, 2022 | 2.56 Bn |
| Sep 30, 2022 | 2.19 Bn |
| Jun 30, 2022 | 2.40 Bn |
| Mar 31, 2022 | 2.40 Bn |
| Dec 31, 2021 | 2.40 Bn |
API Access
Spotify Technology Common Equity 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=common-equity&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();