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

604.00 10.41 −1.69%
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

Spotify Technology (SPOT) Return on assets

Alert me on Return on assets

Spotify Technology's return on assets over the twelve months to 30 September 2026 was 20.1%, up 3.4 percentage points from fiscal 2025 (16.7%). Over the past ten years it has ranged from −48.8% (fiscal 2017) to 16.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Internet Content & Information industry median of 0.00% and above the Communication Services sector median of 0.00%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 16.7% 5.52
FY2024 11.2% 17.92
FY2023 −6.74% (1.26)
FY2022 −5.48% (4.97)
FY2021 −0.51% 9.73
FY2020 −10.2% (6.40)
FY2019 −3.84% (1.71)
FY2018 −2.13% 46.62
FY2017 −48.8% (28.70)
FY2016 −20.1% —

Against its own ten years

Low −48.8% High 16.7%
Ten-year median −4.66%
Current reading's percentile 100

Return on assets against peers

Company Return on assets
RDDT Reddit Inc. compare 29.0%
SPOT Spotify Technology 20.1%
META Meta Platforms, Inc. compare 19.2%
MTCH Match Group Inc. compare 16.5%
PINS Pinterest, Inc. compare 3.41%
BIDU Baidu, Inc. compare −0.73%
SNAP Snap Inc. compare −2.00%
ZG Zillow Group, Inc. compare −2.05%
Z Zillow Group, Inc. compare −2.05%
Internet Content & Information industry median 0.00%
Communication Services sector median 0.00%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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