Spotify Technology (SPOT) Equity Ratio (2017 - 2025)

Spotify Technology's (SPOT) quarterly Equity Ratio came in at 0.55 in Q4 2025, up 20.53% year-on-year from 0.46 in Q4 2024, and up 20.53% quarter-over-quarter from 0.46 in Q4 2024.

Spotify Technology (SPOT) Equity Ratio (2017 - 2025) Analysis & Trends

Spotify Technology has disclosed Equity Ratio across 9 years of filings, most recently posting 0.55 for Q4 2025.

  • Equity Ratio for Q4 2025 came in at 0.55, up 20.53% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.55 (up 20.53% YoY), and the FY2025 annual result was 0.55, up 20.53% from the prior year.
  • Equity Ratio came in at 0.55 for Q4 2025 at Spotify Technology, up from 0.46 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.55 in Q4 2025 to a low of 0.3 in Q4 2021.
  • The 5-year median for Equity Ratio is 0.31 (2022), against an average of 0.39.
  • Across the five-year window, Equity Ratio sank 33.35% in 2021 and jumped 52.24% in 2024, its largest moves.
  • Spotify Technology's Equity Ratio stood at 0.3 in 2021, then rose by 6.39% to 0.31 in 2022, then fell by 3.86% to 0.3 in 2023, then surged by 52.24% to 0.46 in 2024, then advanced by 20.53% to 0.55 in 2025.
  • The last three Equity Ratio figures came in at 0.55 (Q4 2025), 0.46 (Q4 2024), and 0.3 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Nebius 1,942,920.03 Bn 1,942,920.03 Bn 295.20 Mn 0.32
2 Alphabet 4,333.14 Bn 4,117.52 Bn 102.29 Bn 0.68
3 Meta Platforms 1,436.75 Bn 1,355.57 Bn 46.09 Bn 0.62
4 Spotify Technology 115.76 Bn 105.52 Bn 1.75 Bn -
5 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 0.91
6 Pinterest 12.92 Bn 11.62 Bn 768.96 Mn 0.61
7 Kanzhun 12.73 Bn 10.63 Bn 255.62 Bn 0.80
8 Snap 8.83 Bn 6.00 Bn 1.29 Bn 0.28
9 Match 8.15 Bn 7.13 Bn 653.28 Mn -0.05
10 Zillow 7.57 Bn 6.79 Bn 519.00 Mn 0.84

Historic Data

Download Data
DateValue
Dec 31, 2025 0.55
Dec 31, 2024 0.46
Dec 31, 2023 0.30
Dec 31, 2022 0.31
Dec 31, 2021 0.30
Dec 31, 2020 0.44
Dec 31, 2019 0.40
Dec 31, 2018 -0.02
Sep 30, 2018 0.39
Jun 30, 2018 0.30
Mar 31, 2018 0.05
Dec 31, 2017 0.08