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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Spotify Technology (SPOT) Return on Capital Employed (2018 - 2025)

Spotify Technology's Return on Capital Employed history spans 8 years, with the latest figure at 24.33% for Q4 2025.

  • On a quarterly basis, Return on Capital Employed rose 451.0% to 24.33% in Q4 2025 year-over-year; TTM through Dec 2025 was 24.33%, a 451.0% increase, with the full-year FY2025 number at 31.7%, up 798.0% from a year prior.
  • Return on Capital Employed hit 24.33% in Q4 2025 for Spotify Technology, up from 19.82% in the prior quarter.
  • Over the last five years, Return on Capital Employed for SPOT hit a ceiling of 24.33% in Q4 2025 and a floor of 16.35% in Q4 2022.
  • Historically, Return on Capital Employed has averaged 1.56% across 5 years, with a median of 0.75% in 2021.
  • Biggest five-year swings in Return on Capital Employed: tumbled -1881bps in 2022 and later surged 3124bps in 2024.
  • Tracing SPOT's Return on Capital Employed over 5 years: stood at 2.47% in 2021, then tumbled by -763bps to 16.35% in 2022, then soared by 30bps to 11.42% in 2023, then soared by 273bps to 19.82% in 2024, then increased by 23bps to 24.33% in 2025.
  • Business Quant data shows Return on Capital Employed for SPOT at 24.33% in Q4 2025, 19.82% in Q4 2024, and 11.42% in Q4 2023.