Spotify Technology (SPOT) EV to CFO (2018 - 2026)
Spotify Technology's (SPOT) quarterly EV to CFO came in at 88.13 in Q2 2026, down 51.87% year-over-year from 183.13 in Q2 2025, and down 3.7% quarter-over-quarter from 91.52 in Q1 2026.
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Analysis
Spotify Technology (SPOT) EV to CFO (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed EV to CFO across 9 years of filings, most recently posting 88.13 for Q2 2026.
- In Q2 2026, EV to CFO fell 51.87% year-over-year to 88.13; the TTM figure through Jun 2026 stood at 21.47 (down 54.73% YoY), while the FY2025 annual figure was 31.78, down 6.11% from the prior year.
- EV to CFO came in at 88.13 for Q2 2026 at Spotify Technology, down from 91.52 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 1929.46 in Q2 2023 to a low of 165.82 in Q4 2022.
- Average EV to CFO over 5 years is 268.88, with a median of 124.2 recorded in 2023.
- Year-over-year, EV to CFO tumbled 155.11% in 2022 and surged 464.57% in 2023.
- Over 5 years, EV to CFO stood at 165.82 in 2022, then soared by 145.9% to 76.11 in 2023, then increased by 15.9% to 88.22 in 2024, then rose by 23.45% to 108.9 in 2025, then retreated by 19.07% to 88.13 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 88.13 in Q2 2026, 91.52 in Q1 2026, and 108.9 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.47 |
| Mar 31, 2026 | 23.91 |
| Dec 31, 2025 | 32.54 |
| Sep 30, 2025 | 40.12 |
| Jun 30, 2025 | 47.44 |
| Mar 31, 2025 | 36.73 |
| Dec 31, 2024 | 33.46 |
| Sep 30, 2024 | 33.47 |
| Jun 30, 2024 | 39.59 |
| Mar 31, 2024 | 52.16 |
| Dec 31, 2023 | 44.27 |
| Sep 30, 2023 | 109.63 |
| Jun 30, 2023 | 588.69 |
| Mar 31, 2023 | 299.74 |
| Dec 31, 2022 | 227.50 |
| Sep 30, 2022 | 49.64 |
| Jun 30, 2022 | 39.04 |
| Mar 31, 2022 | 64.60 |
| Dec 31, 2021 | 96.48 |
| Sep 30, 2021 | 93.84 |
API Access
Spotify Technology EV to CFO 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=ev-to-cfo&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();