Spotify Technology (SPOT) Tax Rate (2017 - 2019)
Spotify Technology's (SPOT) quarterly Tax Rate came in at 28.81% in Q2 2019, down 2830.0% year-on-year from 1.06% in Q2 2018, and down 280.35% quarter-over-quarter from 15.98% in Q1 2019.
Spotify Technology (SPOT) Tax Rate (2017 - 2019) Analysis & Trends
Spotify Technology has disclosed Tax Rate across 3 years of filings, most recently posting 28.81% for Q2 2019.
- Tax Rate for Q2 2019 came in at 28.81%, down 2830.0% year-over-year; the trailing twelve-month figure through Jun 2019 was 11.63% (changed N/A YoY), and the FY2025 annual result was 0.54%, down 1460.0% from the prior year.
- Tax Rate came in at 28.81% for Q2 2019 at Spotify Technology, down from 15.98% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 15.98% in Q1 2019 to a low of 28.81% in Q2 2019.
- The 3-year median for Tax Rate is 0.51% (2018), against an average of 1.56%.
- Peak annual rise in Tax Rate reached 987 bps in 2019, while the deepest fall reached 2830 bps in 2019.
- Spotify Technology's Tax Rate stood at 0.58% in 2017, then climbed by 12 bps to 0.51% in 2018, then plunged by 5547 bps to 28.81% in 2019.
- The last three Tax Rate figures came in at 28.81% (Q2 2019), 15.98% (Q1 2019), and 0.51% (Q2 2018), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | -0.94 |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 19.16 |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | -23.08 |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | - |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 0.85 | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | -15.89 | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | -20.98 |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 16.81 |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -3.73 |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | 4.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2019 | -28.81% |
| Jun 30, 2019 | -28.81% |
| Mar 31, 2019 | 15.98% |
| Mar 31, 2019 | 15.98% |
| Jun 30, 2018 | -0.51% |
| Jun 30, 2018 | -0.51% |
| Mar 31, 2018 | 6.11% |
| Mar 31, 2018 | 6.11% |
| Mar 31, 2017 | -0.58% |
| Mar 31, 2017 | -0.58% |