Spotify Technology S.A. (SPOT) Stock

Spotify Technology S.A. (SPOT) is a Communication Services stock trading at $468.13 (as of 2026-06-18), with a market capitalization of $104.13B and a trailing P/E of 48.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Spotify Technology S.A. provides audio streaming services worldwide, offering access to a catalog of music and podcasts through Premium and ad-supported offerings. Premium provides unlimited online and offline streaming to subscribers, while the ad-supported service provides on-demand online access for music and online access for podcasts on compatible devices.

Valuation — source: SEC EDGAR (first-party)
Price	$468.13
Market Cap	$104.13B
P/E Ratio	48.1
Price / Book	12.50
Price / Sales	6.06
DCF Value (model)	$385.09
DCF Upside vs Price	-17.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$17.19B
Net Margin	12.9%
Return on Equity	26.6%
Current Ratio	1.72
Revenue Growth (YoY)	9.7%
EPS Growth (YoY)	89.9%

Financial Health — source: SEC EDGAR
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	48.1
Sector P/E (Communication Services)	22.0
Industry P/E (Communication)	17.7
vs Sector	119.1%
vs Industry	172.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($5.52B)
Institutional Holders Tracked	10

Company
Sector	Communication Services
Industry	Communication
CEO	Alex Norström
Employees	7,258
Country	LU
IPO Date	2018-04-03

Related Companies (Business model: Consumer Subscription Content (Streaming, News, Audio) + Ad-Supported Digital Media / Social; 8 closest by market cap; US-domiciled)

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.