Spotify Technology (SPOT) Market Capitalization (2018 - 2026)
Spotify Technology's (SPOT) quarterly Market Capitalization came in at $94.5 billion in Q2 2026, down 39.58% year-over-year from $156.4 billion in Q2 2025, and down 5.32% quarter-over-quarter from $99.8 billion in Q1 2026.
Spotify Technology (SPOT) Market Capitalization (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Market Capitalization across 9 years of filings, most recently posting $94.5 billion for Q2 2026.
- In Q2 2026, Market Capitalization fell 39.58% year-over-year to $94.5 billion; the TTM figure through Jun 2026 stood at $94.5 billion (down 39.58% YoY), while the FY2025 annual figure was $119.5 billion, up 31.07% from the prior year.
- Market Capitalization came in at $94.5 billion for Q2 2026 at Spotify Technology, down from $99.8 billion in the prior quarter.
- In the past five years, Market Capitalization ranged from a high of $156.4 billion in Q2 2025 to a low of $15.3 billion in Q4 2022.
- Average Market Capitalization over 5 years is $66.9 billion, with a median of $56.9 billion recorded in 2024.
- Year-over-year, Market Capitalization slumped 66.06% in 2022 and soared 152.85% in 2025.
- Over 5 years, Market Capitalization stood at $15.3 billion in 2022, then jumped by 142.75% to $37.0 billion in 2023, then surged by 146.17% to $91.2 billion in 2024, then jumped by 31.07% to $119.5 billion in 2025, then dropped by 20.94% to $94.5 billion in 2026.
- Per Business Quant data, the three most recent Market Capitalization figures were $94.5 billion in Q2 2026, $99.8 billion in Q1 2026, and $119.5 billion in Q4 2025.
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
| Date | Value |
|---|---|
| Jun 30, 2026 | 94.50 Bn |
| Mar 31, 2026 | 99.81 Bn |
| Dec 31, 2025 | 119.53 Bn |
| Sep 30, 2025 | 142.28 Bn |
| Jun 30, 2025 | 156.42 Bn |
| Mar 31, 2025 | 112.12 Bn |
| Dec 31, 2024 | 91.20 Bn |
| Sep 30, 2024 | 72.65 Bn |
| Jun 30, 2024 | 61.86 Bn |
| Mar 31, 2024 | 52.03 Bn |
| Dec 31, 2023 | 37.05 Bn |
| Sep 30, 2023 | 29.89 Bn |
| Jun 30, 2023 | 31.03 Bn |
| Mar 31, 2023 | 25.83 Bn |
| Dec 31, 2022 | 15.26 Bn |
| Sep 30, 2022 | 16.58 Bn |
| Jun 30, 2022 | 18.03 Bn |
| Mar 31, 2022 | 29.02 Bn |
| Dec 31, 2021 | 44.97 Bn |
| Sep 30, 2021 | 42.86 Bn |
Spotify Technology Market Capitalization 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=market-capitalization&ticker=SPOT&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();