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Friday 6 November 2026 Export SPOT’s income statement to Excel — free account

Spotify Technology

SPOT Communication Services Internet Content & Information

Spotify Technology’s revenue for fiscal 2025 (year ended December 2025) was $19.4 billion, up 14.6% from fiscal 2024.

Revenue
+14.5%
EPS
−43.1%
Free cash flow
−16.1%

Quarter to September 2026, against a year earlier

603.40 11.01 −1.79%
Market cap
$126.5B
P/E
36.8×
Fwd P/E
45.1×
Dividend yield
—
F-score
6/9
Altman Z
11.36
Beneish M
−2.56
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Spotify Technology (SPOT) Current ratio

Alert me on Current ratio

Spotify Technology's current ratio at the end of the quarter to 30 September 2026 was 2.1×, up 0.4× from fiscal 2025 (1.7×). Over the past ten years it has ranged from 0.8× (fiscal 2020) to 1.9× (fiscal 2024); the current reading is higher than 90% of that period. That is above the Internet Content & Information industry median of 1.8× and above the Communication Services sector median of 1.3×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.7× (8.39%)
FY2024 1.9× 46.40%
FY2023 1.3× 3.90%
FY2022 1.2× (8.66%)
FY2021 1.4× 66.10%
FY2020 0.8× (10.80%)
FY2019 0.9× (12.56%)
FY2018 1.0× 2.52%
FY2017 1.0× (34.79%)
FY2016 1.6× —

Quarterly newest first

Period Current ratio Change
Sep 2026 2.1× 0.81%
Jun 2026 2.1× 2.48%
Mar 2026 2.1× 19.45%
Dec 2025 1.7× 7.00%
32 more quarters

Against its own ten years

Low 0.8× High 1.9×
Ten-year median 1.3×
Current reading's percentile 90

Current ratio against peers

Company Current ratio
RDDT Reddit Inc. compare 10.8×
PINS Pinterest, Inc. compare 4.3×
SNAP Snap Inc. compare 3.4×
BIDU Baidu, Inc. compare 2.3×
SPOT Spotify Technology 2.1×
META Meta Platforms, Inc. compare 1.9×
MTCH Match Group Inc. compare 1.8×
ZG Zillow Group, Inc. compare 1.8×
Z Zillow Group, Inc. compare 1.8×
Internet Content & Information industry median 1.8×
Communication Services sector median 1.3×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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