Spotify Technology (SPOT) Price to FCF (2018 - 2026)
Spotify Technology's (SPOT) Price to FCF came in at 27.15 for Q3 2026, down 37.1% from 43.16 a year earlier but up 10.1% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Price to FCF (2018 - 2026) Analysis & Trends
For FY2025, Spotify Technology's Price to FCF stood at 35.75, down 4.3% from FY2024.
- Annual Price to FCF has declined for three consecutive years.
- In prior years, Spotify Technology's Price to FCF was 37.37 in FY2024 (-26.5%), 50.81 in FY2023 (-92.6%), 689.49 in FY2022 (+400.8%) and 137.68 in FY2021 (-52.5%).
- Quarterly Price to FCF has run from a low of 24.66 in Q2 2026 to a high of 3150.07 in Q2 2023 over five years.
- On a year-over-year basis, Price to FCF has declined in each of the last four quarters, with an average decline of 18.4% over the last eight quarters.
- The strongest year-over-year quarter for Price to FCF in the past five years was Q1 2023, with growth of 935.5%; the weakest was Q2 2024, with a decline of 98.6%.
- According to Business Quant data, Price to FCF for the three prior quarters was 24.66 (Q2 2026), 27.16 (Q1 2026) and 36.63 (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 | 27.15 |
| Jun 30, 2026 | 24.66 |
| Mar 31, 2026 | 27.16 |
| Dec 31, 2025 | 36.63 |
| Sep 30, 2025 | 43.16 |
| Jun 30, 2025 | 50.61 |
| Mar 31, 2025 | 39.92 |
| Dec 31, 2024 | 36.92 |
| Sep 30, 2024 | 36.85 |
| Jun 30, 2024 | 43.79 |
| Mar 31, 2024 | 57.99 |
| Dec 31, 2023 | 50.89 |
| Sep 30, 2023 | 153.08 |
| Jun 30, 2023 | 3,150.07 |
| Mar 31, 2023 | 638.23 |
| Dec 31, 2022 | 550.04 |
| Sep 30, 2022 | 55.37 |
| Jun 30, 2022 | 42.06 |
| Mar 31, 2022 | 61.63 |
| Dec 31, 2021 | 85.58 |
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();