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 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 0.91 | |
| 6 | 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| Date | Value |
|---|---|
| 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 |