Spotify Technology (SPOT) Market Capitalization (2018 - 2026)
Spotify Technology (SPOT) posted Market Capitalization of $100.32 billion for Q3 2026, down 29.5% from $142.28 billion a year earlier but up 6.2% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Market Capitalization (2018 - 2026) Analysis & Trends
For FY2025, Spotify Technology's Market Capitalization came in at $119.53 billion, up 31.1% from FY2024.
- Annual Market Capitalization has increased for three consecutive years, with a five-year compound annual growth rate of 14.8% (FY2020 to FY2025).
- In prior years, Spotify Technology's Market Capitalization was $91.2 billion in FY2024 (+146.2%), $37.05 billion in FY2023 (+142.8%), $15.26 billion in FY2022 (-66.1%) and $44.97 billion in FY2021 (-24.9%).
- Quarterly Market Capitalization has run from a low of $15.26 billion in Q4 2022 to a high of $156.42 billion in Q2 2025 over five years.
- On a year-over-year basis, Market Capitalization has declined in each of the last three quarters, with growth averaging 57.7% over the last eight quarters.
- The strongest year-over-year quarter for Market Capitalization in the past five years was Q2 2025, with growth of 152.9%; the weakest was Q4 2022, with a decline of 66.1%.
- According to Business Quant data, Market Capitalization for the three prior quarters was $94.5 billion (Q2 2026), $99.81 billion (Q1 2026) and $119.53 billion (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 | 100.32 Bn |
| 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 |
API Access
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_KEYimport 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();