Spotify Technology (SPOT) Price to Earnings (2019 - 2026)
Spotify Technology's (SPOT) Price to Earnings came in at 29.16 for Q3 2026, down 67.6% from 89.91 a year earlier but up 20.2% from the prior quarter.
Powered by 
Analysis
Spotify Technology (SPOT) Price to Earnings (2019 - 2026) Analysis & Trends
For FY2025, Spotify Technology's Price to Earnings stood at 46.42, down 38.1% from FY2024.
- In prior years, Spotify Technology's Price to Earnings was 74.99 in FY2024.
- Quarterly Price to Earnings has run from a low of 24.26 in Q2 2026 to a high of 359.66 in Q1 2022 over five years.
- On a year-over-year basis, Price to Earnings has declined in each of the last five quarters, with an average decline of 35.5% over the last six quarters.
- According to Business Quant data, Price to Earnings for the three prior quarters was 24.26 (Q2 2026), 31.54 (Q1 2026) and 46.75 (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 | 29.16 |
| 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();