Spotify Technology (SPOT) Return on Invested Capital (2021 - 2026)
Spotify Technology (SPOT) posted Return on Invested Capital of 0.01% for Q1 2026, up 32.09% sequentially from 0.01% in Q4 2025, and little changed YoY from 0.01% in Q1 2025.
Spotify Technology (SPOT) Return on Invested Capital (2021 - 2026) Analysis & Trends
Spotify Technology has reported Return on Invested Capital for 6 years, with the latest figure at 0.01% in Q1 2026.
- Quarterly Return on Invested Capital changed 0.0% year-over-year to 0.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.01% (changed 0.0% YoY) and the FY2025 annual result came in at 0.02%, up 1.0% from the prior year.
- Return on Invested Capital grew to 0.01% in Q1 2026 per SPOT's latest filing, from 0.01% in the prior quarter.
- Over five years, Return on Invested Capital peaked at 0.01% in Q1 2026 and troughed at 0.0% in Q2 2023.
- A 5-year average of 0.0% and a median of 0.0% in 2024 frame the typical range for Return on Invested Capital.
- The sharpest annual moves came in 2022 and 2024: Return on Invested Capital changed 0 bps in 2022, then rose 1 bps in 2024.
- Over 5 years, Return on Invested Capital stood at 0.0% in 2022, then jumped by 148 bps to 0.0% in 2023, then soared by 472 bps to 0.0% in 2024, then climbed by 22 bps to 0.01% in 2025, then soared by 32 bps to 0.01% in 2026.
- According to Business Quant data, Return on Invested Capital over the past three periods registered 0.01%, 0.01%, and 0.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,253.34 Bn | 3,824.30 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,548.59 Bn | 1,458.33 Bn | 49.47 Bn | - |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | - |
| 4 | Baidu | 289.09 Bn | 284.60 Bn | 1.88 Mn | 0.00% |
| 5 | Spotify Technology | 104.28 Bn | 94.04 Bn | 1.75 Bn | 0.01% |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | 0.02% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.00 Bn | 39.37 Bn | 295.20 Mn | - |
| 9 | 30.74 Bn | 27.96 Bn | 734.60 Mn | - | |
| 10 | Tencent Music Entertainment | 27.35 Bn | 24.65 Bn | 514.00 Mn | 0.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.01% |
| Dec 31, 2025 | 0.01% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 0.00% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 0.00% |
| Jun 30, 2021 | 0.00% |