Spotify Technology (SPOT) Return on Equity [ROE] (2018 - 2026)
Spotify Technology (SPOT) posted Return on Equity [ROE] of 35.30% for Q3 2026, up 16.57 percentage points from 18.73% a year earlier but down 6.23 percentage points from the prior quarter.
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Analysis
Spotify Technology (SPOT) Return on Equity [ROE] (2018 - 2026) Analysis & Trends
For FY2025, Spotify Technology's Return on Equity [ROE] came in at 33.15%, up 4.68 percentage points from FY2024.
- Annual Return on Equity [ROE] shows a five-year change of +56.30 percentage points (FY2020 to FY2025).
- In prior years, Spotify Technology's Return on Equity [ROE] was 28.47% in FY2024 (+49.98 pp), -21.50% in FY2023 (-3.23 pp), -18.28% in FY2022 (-16.90 pp) and -1.38% in FY2021 (+21.77 pp).
- Quarterly Return on Equity [ROE] has run from a low of -42.34% in Q2 2023 to a high of 41.53% in Q2 2026 over five years.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last five quarters, with an average year-over-year change of +16.96 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q2 2024, with a gain of 54.75 percentage points; the weakest was Q2 2023, with a drop of 41.15 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 41.53% (Q2 2026), 33.37% (Q1 2026) and 27.04% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 35.76% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 28.20% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 49.69% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 6.20% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 16.72% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.62% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 155.17% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 35.30% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 21.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.30% |
| Jun 30, 2026 | 41.53% |
| Mar 31, 2026 | 33.37% |
| Dec 31, 2025 | 27.04% |
| Sep 30, 2025 | 18.73% |
| Jun 30, 2025 | 11.85% |
| Mar 31, 2025 | 20.04% |
| Dec 31, 2024 | 22.53% |
| Sep 30, 2024 | 15.68% |
| Jun 30, 2024 | 12.41% |
| Mar 31, 2024 | -3.75% |
| Dec 31, 2023 | -22.76% |
| Sep 30, 2023 | -34.51% |
| Jun 30, 2023 | -42.34% |
| Mar 31, 2023 | -31.98% |
| Dec 31, 2022 | -18.05% |
| Sep 30, 2022 | -8.63% |
| Jun 30, 2022 | -1.19% |
| Mar 31, 2022 | 3.36% |
| Dec 31, 2021 | -1.59% |
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();