Spotify Technology (SPOT) Price to FCF (2018 - 2026)
Spotify Technology's (SPOT) quarterly Price to FCF came in at 97.25 in Q2 2026, down 49.4% year-over-year from 192.19 in Q2 2025, and down 4.06% quarter-over-quarter from 101.37 in Q1 2026.
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Analysis
Spotify Technology (SPOT) Price to FCF (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Price to FCF across 9 years of filings, most recently posting 97.25 for Q2 2026.
- In Q2 2026, Price to FCF fell 49.4% year-over-year to 97.25; the TTM figure through Jun 2026 stood at 23.78 (down 52.47% YoY), while the FY2025 annual figure was 34.3, down 6.85% from the prior year.
- Price to FCF came in at 97.25 for Q2 2026 at Spotify Technology, down from 101.37 in the prior quarter.
- In the past five years, Price to FCF ranged from a high of 1899.93 in Q2 2023 to a low of 230.12 in Q4 2022.
- Average Price to FCF over 5 years is 275.12, with a median of 136.19 recorded in 2025.
- Year-over-year, Price to FCF sank 179.03% in 2022 and soared 394.76% in 2023.
- Over 5 years, Price to FCF stood at 230.12 in 2022, then jumped by 137.59% to 86.51 in 2023, then climbed by 10.97% to 96.0 in 2024, then gained by 21.83% to 116.95 in 2025, then declined by 16.84% to 97.25 in 2026.
- Per Business Quant data, the three most recent Price to FCF figures were 97.25 in Q2 2026, 101.37 in Q1 2026, and 116.95 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 | 23.78 |
| Mar 31, 2026 | 26.15 |
| Dec 31, 2025 | 35.10 |
| Sep 30, 2025 | 42.69 |
| Jun 30, 2025 | 50.03 |
| Mar 31, 2025 | 39.41 |
| Dec 31, 2024 | 36.39 |
| Sep 30, 2024 | 36.61 |
| Jun 30, 2024 | 43.39 |
| Mar 31, 2024 | 57.17 |
| Dec 31, 2023 | 50.01 |
| Sep 30, 2023 | 121.37 |
| Jun 30, 2023 | 509.88 |
| Mar 31, 2023 | 282.33 |
| Dec 31, 2022 | 193.77 |
| Sep 30, 2022 | 55.37 |
| Jun 30, 2022 | 42.06 |
| Mar 31, 2022 | 61.63 |
| Dec 31, 2021 | 85.58 |
| Sep 30, 2021 | 79.33 |
API Access
Spotify Technology Price to FCF 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-fcf&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();