Spotify Technology (SPOT) Price to Sales (2018 - 2026)
Spotify Technology's Price to Sales was 4.59 in Q3 2026, down 39.7% from 7.62 a year earlier but up 2.6% from the prior quarter.
Powered by 
Analysis
Spotify Technology (SPOT) Price to Sales (2018 - 2026) Analysis & Trends
For FY2025, Price to Sales at Spotify Technology came in at 5.97, up 9.7% from FY2024.
- Price to Sales has now increased for three consecutive years.
- In earlier years, Price to Sales was 5.45 in FY2024 (+110.6%), 2.59 in FY2023 (+109.4%), 1.23 in FY2022 (-68.6%) and 3.93 in FY2021 (-40.9%).
- Quarterly Price to Sales has moved between 1.24 (Q4 2022) and 8.66 (Q2 2025) over five years.
- Compared with a year earlier, Price to Sales has declined for three straight quarters, with growth averaging 35.9% over the last eight quarters.
- The best year-over-year quarter for Price to Sales over five years was Q2 2025 (growth of 119.1%); the worst was Q2 2022 (a decline of 70.7%).
- Per Business Quant data, SPOT's Price to Sales in the three quarters before Q3 2026 was 4.47 (Q2 2026), 4.91 (Q1 2026) and 6.15 (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 | 4.59 |
| 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 |
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();