SPOT
Neutral signalScored 2026-10-20 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Research, not advice.
À propos
Spotify Technology S.A.
- Nom
- Spotify Technology S.A.
- Secteur
- Communication Services
- Industrie
- Internet Content & Information
- Bourse
- NYSE
- Capitalisation
- $120.1B
- Employés
- 7,000
- PDG
- Alex Norström
- Site web
- https://open.spotify.com
- Marché
- IHRTLVONFLXNTESPODCSIRI
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 333 titres (~182982 USD)
- Insiders
- Soderstrom Gustav
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$2,397,760
Avg sell (VWAP, 90d window) $522.05 vs last close $526.08 (+0.8%)
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$1,513,642 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-09-14
- Liquidity
- Liquid $760,507,351/day · 20d vol
- Last synced
-
2026-10-20 21:11:08
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-12 | Soderstrom Gustav | Sell · S · 10b5-1 | 1,517 | $533.97 | $810,038 | Form 4 |
| 2026-09-14 | Soderstrom Gustav | Sell · S · 10b5-1 | 333 | $549.49 | $182,982 | Form 4 |
| 2026-08-14 | Jenkins Dustee | Sell · S | 1,722 | $513.43 | $884,118 | Form 4 |
| 2026-08-03 | Norstrom Alex | Sell · S · 10b5-1 | 315 | $506.04 | $159,404 | Form 4 |
| 2026-08-03 | Soderstrom Gustav | Sell · S · 10b5-1 | 706 | $511.64 | $361,218 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-06-18 | Gilbert Cisneros | Sale (Full) | $1,001 - $15,000 |
| 2025-12-24 | Gilbert Cisneros | Sale (Partial) | $1,001 - $15,000 |
| 2025-11-26 | Gilbert Cisneros | Sale (Partial) | $1,001 - $15,000 |
| 2025-11-18 | Gilbert Cisneros | Purchase | $1,001 - $15,000 |
| 2025-10-17 | Gilbert Cisneros | Purchase | $1,001 - $15,000 |
| 2025-09-10 | Val Hoyle | Sale (Full) | $1,001 - $15,000 |
| 2025-06-05 | Robert P. Bresnahan | Purchase | $1,001 - $15,000 |
| 2025-05-12 | Jefferson Shreve | Sale (Full) | $50,001 - $100,000 |
| 2025-04-21 | Bruce Westerman | Sale (Full) | $1,001 - $15,000 |
| 2025-04-11 | Jefferson Shreve | Purchase | $15,001 - $50,000 |
| 2025-03-24 | Josh Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2025-03-20 | Bruce Westerman | Purchase | $1,001 - $15,000 |
| 2025-03-13 | Val Hoyle | Purchase | $1,001 - $15,000 |
| 2025-02-21 | Josh Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2024-08-05 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
| 2024-01-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-07-13 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
| 2022-12-06 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-12-05 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-10-21 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-10-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-09-29 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-06-17 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-23 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-05-05 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-04-21 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-04-13 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-04-11 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-02-17 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-02-14 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2021-12-28 | Thomas Suozzi | Sale (Full) | $50,001 - $100,000 |
| 2021-08-26 | Thomas Suozzi | Purchase | $50,001 - $100,000 |
| 2021-07-22 | Josh Gottheimer | Sale (Full) | $1,001 - $15,000 |
| 2021-05-05 | Thomas Suozzi | Sale (Full) | $50,001 - $100,000 |
| 2021-04-13 | Marie Newman | Sale (Full) | $15,001 - $50,000 |
| 2021-04-13 | Marie Newman | Purchase | $1,001 - $15,000 |
| 2021-04-09 | Marie Newman | Purchase | $15,001 - $50,000 |
| 2021-04-08 | Thomas Suozzi | Purchase | $1,001 - $15,000 |
| 2021-04-07 | Josh Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2021-03-09 | Thomas Suozzi | Purchase | $1,001 - $15,000 |
| 2021-03-01 | Thomas Suozzi | Purchase | $15,001 - $50,000 |
| 2020-11-11 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
| 2020-10-22 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-20 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Spotify's financial health is genuinely strong — profitability turnaround, expanding margins, and solid free cash flow (liquidity 80, fundamentals 85) provide a durable foundation.
The first sentence of the analysis written for SPOT on 2026-10-20 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Supports a bullish reading. Current ratio 1.72 · operating margin 13%
Suggested stop 506.19, nearest stored support minus 0.5 ATR(3.8% under the last close). Reward/risk to the next stored resistance is 0.74. Wait — that reward/risk is under 2. Research, not advice. Not an order.
Recent news
- 2026-10-19 This Week''s Tech Earnings Could Be a ‘Validation Moment'' for the AI Trade Earnings season rolls on this week, with reports from businesses ranging from air travel to consumer goods scheduled to be released in the coming days. But tech will take the spotlight.
- 2026-10-19 Stay Ahead of the Game With Spotify (SPOT) Q3 Earnings: Wall Street''s Insights on Key Metrics Get a deeper insight into the potential performance of Spotify (SPOT) for the quarter ended September 2026 by going beyond Wall Street''s top-and-bottom-line estimates and examining the estimates for some of its key metrics.
- 2026-10-16 Spotify: Why I''m Downgrading Before Q3 Earnings I am downgrading Spotify to ''hold'' after a 22% stock rally and mixed Q2 FY26 results, as it awaits Q3 earnings next week on 10/22. Premium subscription revenue remains robust, but ad-supported business growth is sluggish, and forward revenue/earnings estimates are being revised lower. Management guides for Q3 revenue of €5.0B and 305M premium subscribers, but consensus is lowering growth projections.
- 2026-10-16 142,875 Spotify Technology $SPOT Shares Purchased by Assenagon Asset Management S.A. Assenagon Asset Management S.A. grew its holdings in shares of Spotify Technology (NYSE: SPOT) by 101.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 283,703 shares of the company''s stock after acquiring an additional 142,875 shares during the quarter. Assenagon Asset Management S.A. owned about
- 2026-10-15 Why Spotify (SPOT) Outpaced the Stock Market Today Spotify (SPOT) closed at $533.37 in the latest trading session, marking a +1.8% move from the prior day.
- 2026-10-15 Analysts Estimate Spotify (SPOT) to Report a Decline in Earnings: What to Look Out for Spotify (SPOT) doesn''t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 2026-10-15 Here Are Thursday’s Top Wall Street Analyst Research Calls: AngloGold Ashanti, Bank of America, Cirrus Logic, Crocs, Diamondback Energy, Devon Energy, Netflix, PayPal, Spotify Technolgy , and More Hotter-than-expected inflation sent stocks and crypto tumbling Wednesday, and Wall Street analysts wasted no time reshuffling their targets on Thursday, with major calls hitting Bank of America, Netflix, PayPal, and several energy giants all at once.
- 2026-10-13 Spotify users on iOS 27 can now ask Siri to play music without having to say ‘on Spotify'' It''s now easier to use Spotify by talking to Siri on iPhones updated to iOS 27, Spotify said on Tuesday. Users will no longer need to specify “on Spotify” when they''re asking Siri to play music or other content using the streaming service''s apps.
- 2026-10-08 Spotify (SPOT) Advances While Market Declines: Some Information for Investors Spotify (SPOT) closed the most recent trading day at $526.42, moving +2.63% from the previous trading session.
- 2026-10-08 Joe Rogan renews nine-figure Spotify deal: report Spotify has renewed its contract with star podcaster Joe Rogan, inking a nine-figure, multi-year deal, according to a report.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 32.0% | 30.1% | 25.6% | 25.0% | 26.8% | |
| Ebit Margin | 13.1% | 8.8% | -3.5% | -2.8% | 3.0% | |
| Ebitda Margin | 13.7% | 9.6% | -2.3% | -1.3% | 4.3% | |
| Operating Profit Margin | 12.8% | 8.7% | -3.4% | -5.6% | 1.0% | |
| Pretax Profit Margin | 12.9% | 8.6% | -3.8% | -3.2% | 2.6% | |
| Continuous Operations Profit Margin | 12.9% | 7.3% | -4.0% | -3.7% | -0.4% | |
| Net Profit Margin | 12.9% | 7.3% | -4.0% | -3.7% | -0.4% | |
| Bottom Line Profit Margin | 12.9% | 7.3% | -4.0% | -4.9% | -2.1% | |
| Current Ratio | 1.725 | 1.883 | 1.286 | 1.238 | 1.355 | |
| Quick Ratio | 1.725 | 1.883 | 1.286 | 1.238 | 1.355 | |
| Solvency Ratio | 0.346 | 0.194 | -0.064 | -0.049 | 0.018 | |
| Cash Ratio | 0.864 | 1.074 | 0.761 | 0.706 | 0.851 | |
| Price To Earnings Ratio | 45.891 | 76.197 | -62.272 | -33.063 | -1,143.367 | |
| Price To Earnings Growth Ratio | 0.510 | -0.248 | -2.777 | -0.029 | 12.138 | |
| Forward Price To Earnings Growth Ratio | 0.510 | -0.248 | -2.777 | -0.029 | 12.138 | |
| Price To Earnings Diluted Ratio | 47.026 | 78.552 | -62.272 | -25.164 | -199.812 | |
| Price To Earnings Diluted Growth Ratio | 0.516 | -0.261 | 9.123 | -0.136 | 2.992 | |
| Price To Book Ratio | 12.189 | 15.688 | 13.121 | 5.925 | 18.580 | |
| Price To Sales Ratio | 5.907 | 5.530 | 2.499 | 1.213 | 4.072 | |
| Price To Free Cash Flow Ratio | 35.350 | 37.949 | 49.117 | 677.398 | 142.646 | |
| Price To Operating Cash Flow Ratio | 34.614 | 37.669 | 48.684 | 309.247 | 109.059 | |
| Debt To Assets Ratio | 0.130 | 0.173 | 0.203 | 0.220 | 0.248 | |
| Debt To Equity Ratio | 0.235 | 0.376 | 0.672 | 0.701 | 0.840 | |
| Debt To Capital Ratio | 0.190 | 0.273 | 0.402 | 0.412 | 0.457 | |
| Long Term Debt To Capital Ratio | 0.000 | 0.218 | 0.323 | 0.320 | 0.362 | |
| Financial Leverage Ratio | 1.803 | 2.173 | 3.308 | 3.180 | 3.384 | |
| Working Capital Turnover Ratio | 4.121 | 6.147 | 13.207 | 11.834 | 31.595 | |
| Operating Cash Flow Ratio | 0.482 | 0.517 | 0.166 | 0.013 | 0.112 | |
| Operating Cash Flow Sales Ratio | 0.171 | 0.147 | 0.051 | 0.004 | 0.037 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.979 | 0.993 | 0.991 | 0.457 | 0.765 | |
| Debt Service Coverage Ratio | 1.575 | 35.972 | -8.842 | -5.317 | 3.325 | |
| Interest Coverage Ratio | 70.903 | 37.917 | -11.737 | -16.073 | 2.350 | |
| Short Term Operating Cash Flow Coverage Ratio | 2.012 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 1.499 | 1.108 | 0.401 | 0.027 | 0.203 | |
| Capital Expenditure Coverage Ratio | 48.082 | 135.353 | 113.333 | 1.840 | 4.247 | |
| Dividend Paid And Capex Coverage Ratio | 48.082 | 135.353 | 113.333 | 1.840 | 4.247 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 41.672 | 56.055 | -102.547 | -84.971 | 92.325 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 32.0% | ▲1.8% | ▲4.1% |
| Ebit Margin | 13.1% | ▲4.3% | ▲9.4% |
| Ebitda Margin | 13.7% | ▲4.2% | ▲8.9% |
| Operating Profit Margin | 12.8% | ▲4.1% | ▲10.1% |
| Pretax Profit Margin | 12.9% | ▲4.4% | ▲9.5% |
| Continuous Operations Profit Margin | 12.9% | ▲5.6% | ▲10.4% |
| Net Profit Margin | 12.9% | ▲5.6% | ▲10.4% |
| Bottom Line Profit Margin | 12.9% | ▲5.6% | ▲11.0% |
| Current Ratio | 1.725 | ▼-0.158 | ▲0.228 |
| Quick Ratio | 1.725 | ▼-0.158 | ▲0.228 |
| Solvency Ratio | 0.346 | ▲0.152 | ▲0.257 |
| Cash Ratio | 0.864 | ▼-0.210 | ▲0.013 |
| Price To Earnings Ratio | 45.891 | ▼-30.306 | ▲269.214 |
| Price To Earnings Growth Ratio | 0.510 | ▲0.758 | ▼-1.409 |
| Forward Price To Earnings Growth Ratio | 0.510 | ▲0.758 | ▼-1.409 |
| Price To Earnings Diluted Ratio | 47.026 | ▼-31.526 | ▲79.360 |
| Price To Earnings Diluted Growth Ratio | 0.516 | ▲0.777 | ▼-1.931 |
| Price To Book Ratio | 12.189 | ▼-3.499 | ▼-0.911 |
| Price To Sales Ratio | 5.907 | ▲0.377 | ▲2.063 |
| Price To Free Cash Flow Ratio | 35.349 | ▼-2.600 | ▼-153.143 |
| Price To Operating Cash Flow Ratio | 34.614 | ▼-3.054 | ▼-73.240 |
| Debt To Assets Ratio | 0.130 | ▼-0.043 | ▼-0.065 |
| Debt To Equity Ratio | 0.235 | ▼-0.141 | ▼-0.330 |
| Debt To Capital Ratio | 0.190 | ▼-0.083 | ▼-0.157 |
| Long Term Debt To Capital Ratio | 0.000 | ▼-0.218 | ▼-0.244 |
| Financial Leverage Ratio | 1.803 | ▼-0.370 | ▼-0.967 |
| Working Capital Turnover Ratio | 4.121 | ▼-2.026 | ▼-9.260 |
| Operating Cash Flow Ratio | 0.482 | ▼-0.035 | ▲0.224 |
| Operating Cash Flow Sales Ratio | 0.171 | ▲0.024 | ▲0.089 |
| Free Cash Flow Operating Cash Flow Ratio | 0.979 | ▼-0.013 | ▲0.142 |
| Debt Service Coverage Ratio | 1.575 | ▼-34.397 | ▼-3.768 |
| Interest Coverage Ratio | 70.903 | ▲32.987 | ▲54.231 |
| Short Term Operating Cash Flow Coverage Ratio | 2.012 | ▲2.012 | ▲1.609 |
| Operating Cash Flow Coverage Ratio | 1.500 | ▲0.391 | ▲0.852 |
| Capital Expenditure Coverage Ratio | 48.082 | ▼-87.271 | ▼-12.489 |
| Dividend Paid And Capex Coverage Ratio | 48.082 | ▼-87.271 | ▼-12.489 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 41.672 | ▼-14.383 | ▲41.165 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $101.52B | $86.68B | $33.10B | $14.23B | $39.37B | |
| Enterprise value | $98.22B | $83.97B | $31.69B | $13.43B | $38.41B | |
| EV / Sales | 5.71x | 5.36x | 2.39x | 1.15x | 3.97x | |
| EV / Op. cash flow | 33.49x | 36.49x | 46.60x | 291.86x | 106.39x | |
| EV / Free cash flow | 34.20x | 36.77x | 47.01x | 639.30x | 139.16x | |
| EV / EBITDA | 41.67x | 56.05x | -102.55x | -84.97x | 92.33x | |
| Net debt / EBITDA | -1.40x | -1.81x | 4.59x | 5.06x | -2.31x | |
| Current ratio | 1.73x | 1.88x | 1.29x | 1.24x | 1.35x | |
| Income quality | 1.33x | 2.02x | -1.28x | -0.11x | -10.62x | |
| Graham number | $99 | $59 | — | — | — | |
| Graham net-net | $17 | $8 | -$5 | -$7 | -$6 | |
| Tax burden | 99.5% | 84.9% | 105.3% | 116.2% | -13.7% | |
| Interest burden | 98.6% | 97.4% | 108.1% | 112.5% | 86.2% | |
| Working capital | $4.41B | $3.93B | $1.17B | $836.0M | $1.15B | |
| Invested capital | $5.96B | $5.59B | $2.94B | $2.90B | $2.94B | |
| Return on assets | 14.7% | 9.5% | -6.4% | -5.6% | -0.5% | |
| Operating ROA | 16.3% | 13.4% | -5.6% | -8.9% | 1.4% | |
| Return on tangible assets | 15.9% | 10.6% | -7.5% | -6.8% | -0.5% | |
| Return on equity | 26.6% | 20.6% | -21.1% | -17.9% | -1.6% | |
| Return on invested capital | 20.9% | 15.2% | -10.5% | -16.0% | -0.3% | |
| Return on capital employed | 24.6% | 18.1% | -10.5% | -16.0% | 2.4% | |
| Earnings yield | 2.2% | 1.3% | -1.6% | -3.0% | -0.1% | |
| Free cash flow yield | 2.8% | 2.6% | 2.0% | 0.1% | 0.7% | |
| Capex / Op. cash flow | 2.1% | 0.7% | 0.9% | 54.3% | 23.5% | |
| Capex / Depreciation | 59.8% | 14.0% | 3.8% | 14.6% | 66.9% | |
| Capex / Sales | 0.4% | 0.1% | 0.0% | 0.2% | 0.9% | |
| SG&A / Sales | 11.1% | 12.0% | 16.0% | 18.7% | 16.4% | |
| R&D / Sales | 8.1% | 9.5% | 13.0% | 11.8% | 9.4% | |
| Stock comp / Sales | 1.4% | 1.7% | 2.4% | 3.2% | 2.3% | |
| Intangibles / Total assets | 7.5% | 10.4% | 14.6% | 17.0% | 13.7% | |
| Days sales outstanding | 19d | 19d | 24d | 22d | 24d | |
| Days payables outstanding | 24d | 31d | 25d | 24d | 28d | |
| Operating cycle | 19d | 19d | 24d | 22d | 24d | |
| Cash conversion cycle | -5d | -12d | -0d | -3d | -4d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years