Spotify Technology (SPOT) Price to Book (2018 - 2026)
Spotify Technology's Price to Book came in at 9.70 for the quarter ended Jun 30, 2026, down 53.5% from 20.85 a year earlier and down 8.9% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Price to Book (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Spotify Technology's Price to Book was 12.33, down 20.2% from the prior year.
- Going back by year, Price to Book was 15.45 in the year ended Dec 31, 2024 (+13.2%), 13.65 in the year ended Dec 31, 2023 (+119.1%), 6.23 in the year ended Dec 31, 2022 (-66.4%) and 18.55 in the year ended Dec 31, 2021 (-0.7%).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Price to Book since the quarter ended Dec 31, 2022.
- Year-over-year, Price to Book has declined for three consecutive quarters, with an average decline of 0.6% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in the quarter ended Dec 31, 2023 (growth of 119.1%), and the weakest in the quarter ended Dec 31, 2022 (a decline of 66.4%).
- Business Quant data shows SPOT's Price to Book at 10.64 (quarter ended Mar 31, 2026), 12.33 (quarter ended Dec 31, 2025) and 15.65 (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.87 |
| Mar 31, 2026 | 10.87 |
| Dec 31, 2025 | 12.22 |
| Sep 30, 2025 | 15.59 |
| Jun 30, 2025 | 20.13 |
| Mar 31, 2025 | 16.58 |
| Dec 31, 2024 | 15.86 |
| Sep 30, 2024 | 14.04 |
| Jun 30, 2024 | 13.56 |
| Mar 31, 2024 | 14.57 |
| Dec 31, 2023 | 13.27 |
| Sep 30, 2023 | 13.23 |
| Jun 30, 2023 | 13.90 |
| Mar 31, 2023 | 10.11 |
| Dec 31, 2022 | 5.96 |
| Sep 30, 2022 | 7.55 |
| Jun 30, 2022 | 7.50 |
| Mar 31, 2022 | 12.11 |
| Dec 31, 2021 | 18.74 |
| Sep 30, 2021 | 17.45 |
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();