Spotify Technology (SPOT) Price to Earnings (2019 - 2026)
Spotify Technology's (SPOT) quarterly Price to Earnings came in at 149.18 in Q2 2026, up 109.28% year-over-year from 71.28 in Q2 2025, and up 26.16% quarter-over-quarter from 118.24 in Q1 2026.
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Analysis
Spotify Technology (SPOT) Price to Earnings (2019 - 2026) Analysis & Trends
Spotify Technology has disclosed Price to Earnings across 9 years of filings, most recently posting 149.18 for Q2 2026.
- In Q2 2026, Price to Earnings rose 109.28% year-over-year to 149.18; the TTM figure through Jun 2026 stood at 24.26 (down 86.65% YoY), while the FY2025 annual figure was 46.42, down 38.1% from the prior year.
- Price to Earnings came in at 149.18 for Q2 2026 at Spotify Technology, up from 118.24 in the prior quarter.
- In the past five years, Price to Earnings ranged from a high of 473.73 in Q1 2025 to a low of 1606.78 in Q2 2025.
- Average Price to Earnings over 5 years is 28.18, with a median of 126.81 recorded in 2025.
- Year-over-year, Price to Earnings soared 571.33% in 2024 and sank 866.4% in 2025.
- Over 5 years, Price to Earnings stood at 25.35 in 2022, then jumped by 36.63% to 34.64 in 2023, then soared by 571.33% to 232.54 in 2024, then slumped by 62.39% to 87.47 in 2025, then surged by 70.56% to 149.18 in 2026.
- Per Business Quant data, the three most recent Price to Earnings figures were 149.18 in Q2 2026, 118.24 in Q1 2026, and 87.47 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 | 24.26 |
| Mar 31, 2026 | 31.54 |
| Dec 31, 2025 | 46.75 |
| Sep 30, 2025 | 89.91 |
| Jun 30, 2025 | 181.68 |
| Mar 31, 2025 | 89.45 |
| Dec 31, 2024 | 74.10 |
| Sep 30, 2024 | 95.19 |
| Jun 30, 2024 | 122.61 |
| Mar 31, 2022 | 359.66 |
| Sep 30, 2019 | 39.21 |
| Jun 30, 2019 | 85.94 |
API Access
Spotify Technology Price to Earnings 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-earnings&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();