Spotify Technology reported a gross margin of 33.41% and a net margin of 11.41% for the quarter ended Jun 2026. These financial ratios cover 39 quarters of results from Dec 2016 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||||||||||||
| Gross Margin | 26.71% | 26.48% | 25.22% | 24.58% | 24.70% | 25.30% | 25.18% | 24.11% | 26.36% | 26.70% | 27.61% | 29.21% | 31.09% | 32.25% | 31.65% | 31.48% | 31.62% | 33.08% | 32.98% | 33.41% | |||||||||||||||||||
| EBT Margin | 6.48% | -0.30% | 5.82% | -3.14% | -4.74% | -9.19% | -6.77% | -7.59% | 2.17% | -3.57% | 4.79% | 7.09% | 9.98% | 11.76% | 7.83% | 1.14% | 19.36% | 22.53% | 20.67% | 15.07% | |||||||||||||||||||
| EBIT Margin | 3.00% | -0.26% | -0.23% | -6.77% | -7.51% | -7.30% | -5.13% | -7.77% | 11.53% | 9.72% | 13.53% | 16.00% | 19.71% | 20.51% | 19.64% | 18.36% | 21.79% | 24.28% | 23.32% | 21.88% | |||||||||||||||||||
| EBITDA Margin | 3.00% | -0.26% | -0.23% | -6.77% | -7.51% | -7.30% | -5.13% | -7.77% | 11.53% | 9.72% | 13.53% | 16.00% | 19.71% | 20.51% | 19.64% | 18.36% | 21.79% | 24.28% | 23.32% | 21.88% | |||||||||||||||||||
| Operating Margin | 3.00% | -0.26% | -0.23% | -6.77% | -7.51% | -7.30% | -5.13% | -7.77% | 11.53% | 9.72% | 13.53% | 16.00% | 19.71% | 20.51% | 19.64% | 18.36% | 21.79% | 24.28% | 23.32% | 21.88% | |||||||||||||||||||
| Net Margin | 0.08% | -1.45% | 4.92% | -4.36% | -5.47% | 18.64% | -7.40% | -9.51% | 1.94% | 27.08% | 5.42% | 7.20% | 7.52% | 8.65% | 5.37% | -2.05% | 21.04% | 25.91% | 15.91% | 11.41% | |||||||||||||||||||
| FCF Margin | 5.92% | 5.02% | 1.77% | 1.54% | 1.48% | 789,637.08% | 2.01% | 0.47% | 6.32% | 163,453.88% | 5.94% | 12.98% | 18.03% | 20.96% | 13.01% | 17.15% | 19.94% | 19.38% | 18.55% | 17.50% | |||||||||||||||||||
| Efficiency | |||||||||||||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 8.63B | 8.22B | 8.05B | 7.89B | 7.79B | 7.74B | 7.94B | 8.02B | 8.11B | 8.62B | 9.42B | 10.39B | 11.26B | 12.21B | 13.09B | 14.29B | 16.21B | 17.33B | 16.42B | 15.67B | |||||||||||||||||||
| Invested CapitalInvested Cap. | 3,433.50B | 1.38B | 1.29B | 1.20B | 1.21B | 1.15B | 1.24B | 1.27B | 1.32B | 1.29B | 1.38B | 1.42B | 1.47B | 1.64B | 1.74B | 2.18B | 2.04B | 1.70B | -1.53B | -1.52B | |||||||||||||||||||
| Asset Utilization RatioAsset Util. | 1.27 | 1.39 | 1.47 | 1.53 | 1.56 | 1.59 | 1.59 | 1.62 | 1.68 | 1.66 | 1.59 | 1.51 | 1.45 | 1.39 | 1.33 | 1.26 | 1.15 | 1.12 | 1.24 | 1.35 | |||||||||||||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -5.36 | 0.33 | 0.43 | 13.86 | 12.67 | 2.69 | 2.03 | 9.15 | -27.64 | -3.50 | -9.28 | -8.46 | -6.44 | -8.29 | -3.27 | -1.72 | -54.76 | 2.44 | -40.65 | -49.76 | |||||||||||||||||||
| Debt Ratio | 416.58 | 0.34 | 0.16 | 0.15 | 0.16 | 0.30 | 0.15 | 0.16 | 0.16 | 0.29 | 0.14 | 0.13 | 0.13 | 0.26 | 0.13 | 0.14 | 0.12 | 0.10 | -0.10 | -0.09 | |||||||||||||||||||
| Times Interest Earned | -5.36 | 0.33 | 0.43 | 13.86 | 12.67 | 2.69 | 2.03 | 9.15 | -27.64 | -3.50 | -9.28 | -8.46 | -6.44 | -8.29 | -3.27 | -1.72 | -54.76 | 2.44 | -40.65 | -49.76 | |||||||||||||||||||
| Valuation | |||||||||||||||||||||||||||||||||||||||
| Enterprise Value | -2.96B | -3.16B | -3.05B | -2.97B | -2.87B | -2.79B | -2.87B | -2.78B | -3.10B | -3.36B | -4.03B | -4.65B | -5.44B | -5.12B | -5.31B | -5.88B | -6.41B | -6.13B | -6.16B | -6.92B | |||||||||||||||||||
| Return Ratios | |||||||||||||||||||||||||||||||||||||||
| Return on SalesROS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||
| Return on Capital EmployedROCE | 0.75% | 2.47% | 1.94% | -16.35% | 8.74% | 40.02% | 40.09% | ||||||||||||||||||||||||||||||||
| Return on Invested CapitalROIC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.02% | |||||||||||||||||||
| Return on AssetsROA | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |