Spotify Technology (SPOT) EV to EBIT (2019 - 2026)
Spotify Technology's (SPOT) EV to EBIT came in at 27.96 for Q3 2026, down 55.0% from 62.19 a year earlier but up 3.3% from the prior quarter.
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Analysis
Spotify Technology (SPOT) EV to EBIT (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to EBIT at Spotify Technology was 17.96, down 65.2% year-over-year; for FY2025, it was 42.37, down 25.9% from FY2024.
- In prior years, Spotify Technology's EV to EBIT was 57.21 in FY2024 and 368.62 in FY2021.
- Quarterly EV to EBIT has run from a low of 27.07 in Q2 2026 to a high of 366.85 in Q4 2021 over five years.
- On a year-over-year basis, EV to EBIT has declined in each of the last six quarters, with an average decline of 41.7% over the last six quarters.
- According to Business Quant data, EV to EBIT for the three prior quarters was 27.07 (Q2 2026), 32.15 (Q1 2026) and 43.51 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.96 |
| Jun 30, 2026 | 27.07 |
| Mar 31, 2026 | 32.15 |
| Dec 31, 2025 | 43.51 |
| Sep 30, 2025 | 62.19 |
| 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();