Spotify Technology (SPOT) Price to Book (2018 - 2026)
Spotify Technology's (SPOT) quarterly Price to Book came in at 9.7 in Q2 2026, down 53.5% year-over-year from 20.85 in Q2 2025, and down 8.9% quarter-over-quarter from 10.64 in Q1 2026.
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Analysis
Spotify Technology (SPOT) Price to Book (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Price to Book across 9 years of filings, most recently posting 9.7 for Q2 2026.
- In Q2 2026, Price to Book fell 53.5% year-over-year to 9.7; the TTM figure through Jun 2026 stood at 9.7 (down 53.5% YoY), while the FY2025 annual figure was 12.33, down 20.19% from the prior year.
- Price to Book came in at 9.7 for Q2 2026 at Spotify Technology, down from 10.64 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 20.85 in Q2 2025 to a low of 6.23 in Q4 2022.
- Average Price to Book over 5 years is 12.64, with a median of 13.16 recorded in 2024.
- Year-over-year, Price to Book plunged 66.42% in 2022 and soared 119.06% in 2023.
- Over 5 years, Price to Book stood at 6.23 in 2022, then soared by 119.06% to 13.65 in 2023, then rose by 13.19% to 15.45 in 2024, then slipped by 20.19% to 12.33 in 2025, then declined by 21.35% to 9.7 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 9.7 in Q2 2026, 10.64 in Q1 2026, and 12.33 in Q4 2025.
Peer Set
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
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.70 |
| Mar 31, 2026 | 10.64 |
| Dec 31, 2025 | 12.33 |
| Sep 30, 2025 | 15.65 |
| Jun 30, 2025 | 20.85 |
| Mar 31, 2025 | 17.06 |
| Dec 31, 2024 | 15.45 |
| Sep 30, 2024 | 14.28 |
| Jun 30, 2024 | 13.49 |
| Mar 31, 2024 | 14.47 |
| Dec 31, 2023 | 13.65 |
| Sep 30, 2023 | 12.84 |
| Jun 30, 2023 | 13.87 |
| Mar 31, 2023 | 10.27 |
| Dec 31, 2022 | 6.23 |
| Sep 30, 2022 | 7.37 |
| Jun 30, 2022 | 7.34 |
| Mar 31, 2022 | 12.04 |
| Dec 31, 2021 | 18.55 |
| Sep 30, 2021 | 17.17 |
API Access
Spotify Technology Price to Book 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=price-to-book&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();