Spotify Technology (SPOT) EV to EBIT (2019 - 2026)
Spotify Technology's (SPOT) EV to EBIT came in at 27.01 for the quarter ended Jun 30, 2026, down 63.2% from 73.37 a year earlier and down 15.8% from the prior quarter.
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Spotify Technology (SPOT) EV to EBIT (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBIT at Spotify Technology was 16.72, down 73.0% year-over-year; for the year ended Dec 31, 2025, it was 42.41, down 25.7% from the prior year.
- In prior years, Spotify Technology's EV to EBIT was 57.07 in the year ended Dec 31, 2024 and 380.96 in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly EV to EBIT in data going back to the quarter ended Jun 30, 2019.
- On a year-over-year basis, EV to EBIT has declined in each of the last five quarters, with an average decline of 38.6% over the last five quarters.
- According to Business Quant data, EV to EBIT for the three prior quarters was 32.07 (quarter ended Mar 31, 2026), 43.55 (quarter ended Dec 31, 2025) and 60.27 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.07 |
| Mar 31, 2026 | 32.15 |
| Dec 31, 2025 | 43.51 |
| Sep 30, 2025 | 60.25 |
| Jun 30, 2025 | 73.20 |
| Mar 31, 2025 | 58.29 |
| Dec 31, 2024 | 56.49 |
| Sep 30, 2024 | 76.01 |
| Jun 30, 2024 | 135.96 |
| Mar 31, 2022 | 284.39 |
| Dec 31, 2021 | 366.85 |
| Sep 30, 2021 | 1,042.38 |
| Sep 30, 2019 | 171.43 |
| Jun 30, 2019 | 568.58 |
API Access
Spotify Technology EV to EBIT 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-ebit&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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-ebit&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();