Spotify Technology (SPOT) Return on Assets [ROA] (2018 - 2026)
Spotify Technology (SPOT) recorded Return on Assets [ROA] of 21.55% in Q3 2026, up 11.96 percentage points from 9.58% a year earlier but down 3.79 percentage points from the prior quarter.
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Analysis
Spotify Technology (SPOT) Return on Assets [ROA] (2018 - 2026) Analysis & Trends
For FY2025, Spotify Technology reported Return on Assets [ROA] of 17.09%, up 5.90 percentage points from FY2024.
- Annual Return on Assets [ROA] has a five-year change of +26.91 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at 11.19% in FY2024 (+17.82 pp), -6.62% in FY2023 (-1.05 pp), -5.57% in FY2022 (-5.07 pp) and -0.51% in FY2021 (+9.31 pp).
- Quarterly Return on Assets [ROA] has ranged from -12.54% in Q2 2023 to 25.34% in Q2 2026 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] has increased for 11 consecutive quarters, with an average year-over-year change of +9.65 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 19.50 percentage points in Q2 2026, against a drop of 12.17 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.34% (Q2 2026), 19.36% (Q1 2026) and 14.66% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,390.01 Bn | 3,124.91 Bn | 76.16 Bn | 24.48% |
| 2 | Meta Platforms | 1,545.95 Bn | 1,248.47 Bn | 49.47 Bn | 16.11% |
| 3 | Netflix | 255.99 Bn | 217.29 Bn | 6.80 Bn | 25.21% |
| 4 | Alibaba Group Holding | 235.76 Bn | 57.84 Bn | 15.16 Bn | 3.56% |
| 5 | Shopify | 202.34 Bn | 179.52 Bn | 1.71 Bn | 13.49% |
| 6 | Uber Technologies | 136.09 Bn | 108.07 Bn | 6.38 Bn | 15.38% |
| 7 | Spotify Technology | 122.28 Bn | 79.20 Bn | 1.89 Bn | 21.55% |
| 8 | PDD Holdings | 116.28 Bn | -127.77 Bn | 9.48 Bn | 14.15% |
| 9 | Booking Holdings | 115.52 Bn | 48.57 Bn | - | 25.12% |
| 10 | Airbnb | 100.95 Bn | 54.18 Bn | 2.98 Bn | 9.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.55% |
| Jun 30, 2026 | 25.34% |
| Mar 31, 2026 | 19.36% |
| Dec 31, 2025 | 14.66% |
| Sep 30, 2025 | 9.58% |
| Jun 30, 2025 | 5.83% |
| Mar 31, 2025 | 9.56% |
| Dec 31, 2024 | 10.14% |
| Sep 30, 2024 | 6.74% |
| Jun 30, 2024 | 4.88% |
| Mar 31, 2024 | -1.25% |
| Dec 31, 2023 | -6.66% |
| Sep 30, 2023 | -9.71% |
| Jun 30, 2023 | -12.54% |
| Mar 31, 2023 | -10.00% |
| Dec 31, 2022 | -5.49% |
| Sep 30, 2022 | -2.61% |
| Jun 30, 2022 | -0.37% |
| Mar 31, 2022 | 1.01% |
| Dec 31, 2021 | -0.48% |
API Access
Spotify Technology Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();