Spotify Technology SPOT
NYSE SPOT
$542.32 -17.75 (-3.17%)
At close: Sep 4, 2026 · 4:00 PM EDT

Spotify Technology (SPOT) EV to EBIT (2018 - 2026)

Spotify Technology's (SPOT) quarterly EV to EBIT came in at 109.79 in Q2 2026, down 65.67% year-over-year from 319.8 in Q2 2025, and up 2.61% quarter-over-quarter from 107.0 in Q1 2026.

Analysis

Spotify Technology (SPOT) EV to EBIT (2018 - 2026) Analysis & Trends

Spotify Technology has disclosed EV to EBIT across 9 years of filings, most recently posting 109.79 for Q2 2026.

  • In Q2 2026, EV to EBIT fell 65.67% year-over-year to 109.79; the TTM figure through Jun 2026 stood at 27.01 (down 63.18% YoY), while the FY2025 annual figure was 42.41, down 25.68% from the prior year.
  • EV to EBIT came in at 109.79 for Q2 2026 at Spotify Technology, up from 107.0 in the prior quarter.
  • In the past five years, EV to EBIT ranged from a high of 741.98 in Q3 2023 to a low of 3719.77 in Q1 2022.
  • Average EV to EBIT over 5 years is 110.22, with a median of 121.06 recorded in 2024.
  • The largest YoY upside for EV to EBIT was 1423.65% in 2023 against a maximum downside of 701.77% in 2023.
  • Over 5 years, EV to EBIT stood at 50.25 in 2022, then slumped by 701.77% to 402.89 in 2023, then surged by 140.53% to 163.3 in 2024, then fell by 18.57% to 132.98 in 2025, then decreased by 17.43% to 109.79 in 2026.
  • Per Business Quant data, the three most recent EV to EBIT figures were 109.79 in Q2 2026, 107.0 in Q1 2026, and 132.98 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Netflix 325.83 Bn 316.70 Bn 6.52 Bn
2 Spotify Technology 111.63 Bn 100.71 Bn 1.86 Bn
3 Tencent Music Entertainment 13.00 Bn 9.90 Bn 582.00 Mn
4 FuboTV 1.22 Bn 3.14 Bn 399.10 Mn
5 Huya 947.78 Mn 587.52 Mn 37.58 Mn
6 iQIYI 849.12 Mn 364.94 Mn 152.37 Mn
7 Kaltura 229.15 Mn 197.85 Mn 34.54 Mn
8 CuriosityStream 160.17 Mn 111.78 Mn 16.93 Mn
9 Cineverse 54.91 Mn 50.59 Mn 10.66 Mn
10 LiveOne 47.57 Mn 47.56 Mn 3.94 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 109.79
Mar 31, 2026 107.00
Dec 31, 2025 132.98
Sep 30, 2025 193.55
Jun 30, 2025 319.80
Mar 31, 2025 193.86
Dec 31, 2024 163.30
Sep 30, 2024 132.32
Jun 30, 2024 195.66
Mar 31, 2024 257.26
Dec 31, 2023 -402.89
Sep 30, 2023 741.98
Jun 30, 2023 -101.55
Mar 31, 2023 -132.21
Dec 31, 2022 -50.25
Sep 30, 2022 -56.06
Jun 30, 2022 -68.70
Mar 31, 2022 -3,719.77
Dec 31, 2021 -5,115.69
Sep 30, 2021 441.46