Spotify Technology (SPOT) Return on Assets [ROA] (2018 - 2026)
Spotify Technology (SPOT) recorded Return on Assets [ROA] of 24.85% in the quarter ended Jun 30, 2026, up 18.83 percentage points from 6.02% a year earlier and up 5.58 percentage points from the prior quarter.
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Analysis
Spotify Technology (SPOT) Return on Assets [ROA] (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Spotify Technology reported Return on Assets [ROA] of 16.99%, up 5.84 percentage points from the prior year.
- Annual Return on Assets [ROA] has a five-year change of +27.28 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Assets [ROA] came in at 11.15% in the year ended Dec 31, 2024 (+17.98 pp), -6.83% in the year ended Dec 31, 2023 (-1.34 pp), -5.49% in the year ended Dec 31, 2022 (-4.98 pp) and -0.50% in the year ended Dec 31, 2021 (+9.79 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Return on Assets [ROA] in data going back to the quarter ended Mar 31, 2018.
- On a year-over-year basis, Return on Assets [ROA] has increased for ten consecutive quarters, with an average year-over-year change of +10.16 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 18.83 percentage points in the quarter ended Jun 30, 2026, against a drop of 12.27 percentage points in the quarter ended Jun 30, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.27% (quarter ended Mar 31, 2026), 14.76% (quarter ended Dec 31, 2025) and 9.76% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 30.04% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 16.11% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 22.85% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 3.57% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 13.49% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 15.38% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 25.12% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 14.15% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 24.85% |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 9.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.85% |
| Mar 31, 2026 | 19.27% |
| Dec 31, 2025 | 14.76% |
| Sep 30, 2025 | 9.76% |
| Jun 30, 2025 | 6.02% |
| Mar 31, 2025 | 9.58% |
| Dec 31, 2024 | 10.08% |
| Sep 30, 2024 | 6.78% |
| Jun 30, 2024 | 4.85% |
| Mar 31, 2024 | -1.27% |
| Dec 31, 2023 | -6.67% |
| Sep 30, 2023 | -9.55% |
| Jun 30, 2023 | -12.63% |
| Mar 31, 2023 | -10.30% |
| Dec 31, 2022 | -5.54% |
| Sep 30, 2022 | -2.55% |
| Jun 30, 2022 | -0.36% |
| Mar 31, 2022 | 1.00% |
| Dec 31, 2021 | -0.47% |
| Sep 30, 2021 | -1.66% |
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();