Spotify Technology (SPOT) Return on Sales [ROS] (2017 - 2026)
Spotify Technology's Return on Sales [ROS] came in at 13.52% for Q3 2026, down 0.10 percentage points from 13.62% a year earlier and down 0.19 percentage points from the prior quarter.
Powered by 
Analysis
Spotify Technology (SPOT) Return on Sales [ROS] (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Spotify Technology reported Return on Sales [ROS] of 14.59%, up 2.89 percentage points year-over-year; for FY2025, it came in at 12.79%, up 4.08 percentage points from FY2024.
- Return on Sales [ROS] has increased in each of the last three years, with a five-year change of +16.51 percentage points (FY2020 to FY2025).
- Going back by year, Return on Sales [ROS] was 8.71% in FY2024 (+12.08 pp), -3.37% in FY2023 (+2.25 pp), -5.62% in FY2022 (-6.59 pp) and 0.97% in FY2021 (+4.69 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Sales [ROS] since Q2 2025.
- Year-over-year, Return on Sales [ROS] increased in seven of the last eight quarters, with an average year-over-year change of +4.69 percentage points.
- The fastest year-over-year change in Return on Sales [ROS] over five years came in Q2 2024 (a gain of 14.76 percentage points), and the weakest in Q3 2022 (a drop of 10.51 percentage points).
- Business Quant data shows SPOT's Return on Sales [ROS] at 13.71% (Q2 2026), 15.77% (Q1 2026) and 15.47% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 31.81% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 20.10% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 34.63% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 5.64% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 15.18% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 9.80% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 78.22% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 13.52% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 38.43% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 24.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.52% |
| Jun 30, 2026 | 13.71% |
| Mar 31, 2026 | 15.77% |
| Dec 31, 2025 | 15.47% |
| Sep 30, 2025 | 13.62% |
| Jun 30, 2025 | 9.68% |
| Mar 31, 2025 | 12.15% |
| Dec 31, 2024 | 11.24% |
| Sep 30, 2024 | 11.38% |
| Jun 30, 2024 | 6.99% |
| Mar 31, 2024 | 4.62% |
| Dec 31, 2023 | -2.04% |
| Sep 30, 2023 | 0.95% |
| Jun 30, 2023 | -7.77% |
| Mar 31, 2023 | -5.13% |
| Dec 31, 2022 | -7.30% |
| Sep 30, 2022 | -7.51% |
| Jun 30, 2022 | -6.77% |
| Mar 31, 2022 | -0.23% |
| Dec 31, 2021 | -0.26% |
API Access
Spotify Technology Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();