Spotify Technology (SPOT) Interest Coverage Ratio (2017 - 2026)
Spotify Technology's (SPOT) Interest Coverage Ratio was 23.17 for Q3 2026, down 32.3% from 34.24 a year earlier and down 25.7% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Interest Coverage Ratio (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Spotify Technology's Interest Coverage Ratio came in at 3.02, down 79.1% year-over-year; for FY2025, it came in at 8.26, up 113.1% from FY2024.
- By year, Interest Coverage Ratio came in at 3.88 in FY2024, -2.03 in FY2023, -4.99 in FY2022 and 1.03 in FY2021.
- Five-year quarterly Interest Coverage Ratio spans a low of -13.86 in Q2 2022 and a high of 34.24 in Q3 2025.
- Year over year, Interest Coverage Ratio gained in 1 of the last five quarters, with growth averaging 133.1%.
- Per Business Quant data, the three quarters before Q3 2026 came in at 31.19 (Q2 2026), 27.50 (Q1 2026) and 0.71 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 24.14 |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 6.46 |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 14.88 |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 23.17 |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 8.33 |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | - |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.17 |
| Jun 30, 2026 | 31.19 |
| Mar 31, 2026 | 27.50 |
| Dec 31, 2025 | 0.71 |
| Sep 30, 2025 | 34.24 |
| Jun 30, 2025 | 0.91 |
| Mar 31, 2025 | 2.02 |
| Dec 31, 2024 | 0.80 |
| Sep 30, 2024 | 3.72 |
| Jun 30, 2024 | 3.69 |
| Mar 31, 2024 | 3.17 |
| Dec 31, 2023 | -0.22 |
| Sep 30, 2023 | 2.29 |
| Jun 30, 2023 | -9.15 |
| Mar 31, 2023 | -2.03 |
| Dec 31, 2022 | -1.30 |
| Sep 30, 2022 | -12.67 |
| Jun 30, 2022 | -13.86 |
| Mar 31, 2022 | -0.43 |
| Dec 31, 2021 | -0.33 |
API Access
Spotify Technology Interest Coverage Ratio 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=interest-coverage-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();