Spotify Technology (SPOT) Price to Sales (2018 - 2026)
Spotify Technology's (SPOT) quarterly Price to Sales came in at 17.02 in Q2 2026, down 48.36% year-over-year from 32.96 in Q2 2025, and down 9.5% quarter-over-quarter from 18.81 in Q1 2026.
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Analysis
Spotify Technology (SPOT) Price to Sales (2018 - 2026) Analysis & Trends
Spotify Technology has disclosed Price to Sales across 9 years of filings, most recently posting 17.02 for Q2 2026.
- In Q2 2026, Price to Sales fell 48.36% year-over-year to 17.02; the TTM figure through Jun 2026 stood at 4.47 (down 48.34% YoY), while the FY2025 annual figure was 5.97, up 9.73% from the prior year.
- Price to Sales came in at 17.02 for Q2 2026 at Spotify Technology, down from 18.81 in the prior quarter.
- In the past five years, Price to Sales ranged from a high of 32.96 in Q2 2025 to a low of 4.72 in Q4 2022.
- Average Price to Sales over 5 years is 15.03, with a median of 14.13 recorded in 2024.
- Year-over-year, Price to Sales plunged 68.41% in 2022 and soared 118.41% in 2025.
- Over 5 years, Price to Sales stood at 4.72 in 2022, then jumped by 98.52% to 9.38 in 2023, then surged by 114.5% to 20.12 in 2024, then climbed by 12.65% to 22.66 in 2025, then dropped by 24.9% to 17.02 in 2026.
- Per Business Quant data, the three most recent Price to Sales figures were 17.02 in Q2 2026, 18.81 in Q1 2026, and 22.66 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 | 4.47 |
| Mar 31, 2026 | 4.91 |
| Dec 31, 2025 | 6.15 |
| Sep 30, 2025 | 7.62 |
| Jun 30, 2025 | 8.66 |
| Mar 31, 2025 | 6.44 |
| Dec 31, 2024 | 5.38 |
| Sep 30, 2024 | 4.44 |
| Jun 30, 2024 | 3.95 |
| Mar 31, 2024 | 3.47 |
| Dec 31, 2023 | 2.59 |
| Sep 30, 2023 | 2.20 |
| Jun 30, 2023 | 2.38 |
| Mar 31, 2023 | 2.05 |
| Dec 31, 2022 | 1.24 |
| Sep 30, 2022 | 1.36 |
| Jun 30, 2022 | 1.49 |
| Mar 31, 2022 | 2.46 |
| Dec 31, 2021 | 3.94 |
| Sep 30, 2021 | 3.92 |
API Access
Spotify Technology Price to Sales 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-sales&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();