Spotify Technology (SPOT) Return on Equity [ROE] (2018 - 2026)
Spotify Technology (SPOT) posted Return on Equity [ROE] of 40.74% for the quarter ended Jun 30, 2026, up 28.50 percentage points from 12.24% a year earlier and up 7.55 percentage points from the prior quarter.
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Analysis
Spotify Technology (SPOT) Return on Equity [ROE] (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Spotify Technology's Return on Equity [ROE] came in at 33.01%, up 4.79 percentage points from the prior year.
- Annual Return on Equity [ROE] shows a five-year change of +57.32 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Spotify Technology's Return on Equity [ROE] was 28.22% in the year ended Dec 31, 2024 (+50.39 pp), -22.17% in the year ended Dec 31, 2023 (-4.16 pp), -18.00% in the year ended Dec 31, 2022 (-16.62 pp) and -1.38% in the year ended Dec 31, 2021 (+22.93 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Return on Equity [ROE] in data going back to the quarter ended Mar 31, 2018.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last four quarters, with an average year-over-year change of +21.05 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was the quarter ended Jun 30, 2024, with a gain of 54.99 percentage points; the weakest was the quarter ended Jun 30, 2023, with a drop of 41.48 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 33.18% (quarter ended Mar 31, 2026), 27.22% (quarter ended Dec 31, 2025) and 19.07% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 43.64% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 26.97% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 44.55% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 6.21% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 15.31% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 35.90% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 33.94% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 159.59% |
| 10 | Spotify Technology | 102.35 Bn | 59.59 Bn | 1.86 Bn | 40.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.74% |
| Mar 31, 2026 | 33.18% |
| Dec 31, 2025 | 27.22% |
| Sep 30, 2025 | 19.07% |
| Jun 30, 2025 | 12.24% |
| Mar 31, 2025 | 20.09% |
| Dec 31, 2024 | 22.39% |
| Sep 30, 2024 | 15.78% |
| Jun 30, 2024 | 12.33% |
| Mar 31, 2024 | -3.78% |
| Dec 31, 2023 | -22.80% |
| Sep 30, 2023 | -33.96% |
| Jun 30, 2023 | -42.66% |
| Mar 31, 2023 | -32.95% |
| Dec 31, 2022 | -18.26% |
| Sep 30, 2022 | -8.43% |
| Jun 30, 2022 | -1.18% |
| Mar 31, 2022 | 3.34% |
| Dec 31, 2021 | -1.57% |
| Sep 30, 2021 | -4.98% |
API Access
Spotify Technology Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();