Spotify Technology stock
SPOTNYSESpotify Technology S.A., Communication ServicesISIN LU1778762911
73Score 73 out of 100, Strong
Price and trend
89 / 100
Price history
−4.8% in one yearThe chart shows daily closes over 9 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 22% above it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 57).
The price is 6.0% below its 52-week high. Largest decline in 9 years: 81% (February 2021 to November 2022).
Chart figures for advanced users
- SMA 50$541.13
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$501.27
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)57
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$412.75
- The lowest closing price of the last twelve months.
- Resistance$647.87
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Spotify Technology S.A. belongs to the Internet Content & Information industry (Sweden) and, with a market value of $125.23B, is number 5 of 46 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $19.12B (up 9.7% year on year) and earnings of $2.46B (up 94.4%).
- MEQIRI Score 73 out of 100 (Strong): rank 21 of 232 in Communication Services, median 58.
Show more
- The P/E is 38.6 (Internet Content & Information median 15.8, own median of recent years 61).
- Our model puts fair value at $381.29, with the price 60% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- More cash than debtCash $12.5B, financial debt $571.26M.Stability 83
- High return on capitalReturn on invested capital 24.4% in fiscal 2025, Internet Content & Information median 5.6%.Profitability 83
- Analysts expect strong earnings growthUp 22.8% a year through 2028 (estimates from 25 analysts).Growth 78
Weaknesses
- Volatile share priceVolatility 47% a year over the last 12 months.
Its standout strengths are technical analysis and profitability, while valuation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- price near its 52-week high
Valuation
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $272.35 and expensive above $635.49 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $512.63 (cash-flow model) and $249.95 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 7.3%. At 8.3% the fair value would be $338.42, at 6.3% it would be $444.95.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (15.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 11.3% on the twelve months before. Revenue has grown strongly since 2015, at around 24% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 32%, operating 13%, net 13%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 9 Feb 2027in 89 days
- Last reported
- 22 Oct 2026EPS reported 2.81 (expected 3.18)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 11.87−2.0%
- Revenue
- $21.8B+0.8%
- Earnings per share
- 15.19−0.3%
- Revenue
- $25.03B+1.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −0.8%Nothing has changed in the outlook; the ads business is still expected to inflect toward double digit growth in the second half of 2026.
“We continue to expect our ads business to inflect towards double-digit growth in the second half of 2026.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 4 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 6 insiders sold, $86.21M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Soderstrom GustavSale
12 Oct 2026, Co-Chief Executive Officer
- Shares
- 20,910
- Price
- $530.13
- Value
- $11.09M
- Soderstrom GustavSale
14 Sept 2026, Co-Chief Executive Officer
- Shares
- 20,913
- Price
- $544.19
- Value
- $11.38M
- Jenkins DusteeSale
14 Aug 2026, Chief Public Affairs Officer
- Shares
- 3,810.27
- Price
- $512.92
- Value
- $1.95M
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- Norstrom AlexSale
3 Aug 2026, Co-Chief Executive Officer
- Shares
- 5,436
- Price
- $502.10
- Value
- $2.73M
- Soderstrom GustavSale
3 Aug 2026, Co-Chief Executive Officer
- Shares
- 20,833
- Price
- $507.24
- Value
- $10.57M
- Norstrom AlexSale
6 Jul 2026, Co-Chief Executive Officer
- Shares
- 5,436
- Price
- $480.86
- Value
- $2.61M
- Soderstrom GustavSale
6 Jul 2026, Co-Chief Executive Officer
- Shares
- 20,833
- Price
- $478.45
- Value
- $9.97M
- Soderstrom GustavSale
2 Jun 2026, Co-Chief Executive Officer
- Shares
- 20,833
- Price
- $496.52
- Value
- $10.34M
- Norstrom AlexSale
2 Jun 2026, Co-Chief Executive Officer
- Shares
- 5,436
- Price
- $498.27
- Value
- $2.71M
- Marshall Christopher PSale
26 May 2026, Board
- Shares
- 2,650
- Price
- $519.86
- Value
- $1.38M
- Staggs Thomas OSale
26 May 2026, Board
- Shares
- 5,477
- Price
- $526.00
- Value
- $2.88M
- Lorentzon Sven Hans MartinSale
22 May 2026, Board
- Shares
- 35,380
- Price
- $525.73
- Value
- $18.6M
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Spotify Technology
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
232 rated companies in Communication Services
- This company
- 73
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Internet Content & Information
The next larger and next smaller companies by market value
- AlphabetGOOGL $3.57T72
- Meta PlatformsMETA $1.61T78
- Tencent Holdings0700.HK $470.31B71
- Recruit Holdings6098.T $154.43B83
- ProsusPRX.AS $85.97B58
- DoorDashDASH $77.72B61
- EternalETERNAL.NS $35.51B42
- BaiduBIDU $27.15B41
ETFs that hold Spotify Technology
Held by 89 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR MSCI Europe Communication Services UCITS ETFSPYT | 18.99% | 0.18% | €72.29M |
| Xtrackers MSCI Europe Communication Services Screened UCITS ETF 1CDXSG | 17.25% | 0.17% | €15.77M |
| Amundi MSCI Nordic UCITS ETF-CCN1G | 6.01% | 0.25% | €370.74M |
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| iShares Digitalisation UCITS ETF2B79 | 3.17% | 0.40% | €726.22M |
| Amundi MSCI Europe Ex EMU ESG Selection UCITS ETF Acc540H | 2.61% | 0.30% | €182.66M |
| Xtrackers MSCI World Communication Services UCITS ETF 1CXWTS | 2.20% | 0.25% | €358.23M |
| Invesco MSCI Europe Catholic Principles UCITS ETFICFP | 1.60% | 0.30% | €59.41M |
| iShares MSCI EM Consumer Growth UCITS ETFCEMG | 1.56% | 0.60% | €31.52M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 21 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.