Spotify Technology Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	87,382	72,214	28,788	12,655	33,107	43,694	Upgrade
Market Cap Growth	20.34%	150.85%	127.48%	-61.78%	-24.23%	116.09%	Upgrade
Enterprise Value	82,771	68,891	27,391	11,187	31,935	42,750	Upgrade
Last Close Price	426.01	357.91	149.26	64.62	173.87	252.45	Upgrade
PE Ratio	71.25	76.73	-	-	-	-	Upgrade
PS Ratio	5.92	5.57	2.50	1.22	4.08	6.19	Upgrade
PB Ratio	12.87	15.81	13.15	5.94	18.60	17.39	Upgrade
P/TBV Ratio	14.99	20.38	25.23	12.68	33.78	24.32	Upgrade
P/FCF Ratio	34.34	38.23	49.22	679.39	142.82	269.44	Upgrade
P/OCF Ratio	33.82	37.95	48.79	310.16	109.19	188.29	Upgrade
EV/Sales Ratio	5.56	5.32	2.38	1.08	3.93	6.06	Upgrade
EV/EBITDA Ratio	45.19	56.40	3945.55	-	172.05	-	Upgrade
EV/EBIT Ratio	46.60	59.17	-	-	404.49	-	Upgrade
EV/FCF Ratio	32.53	36.47	46.83	600.61	137.76	263.62	Upgrade
Debt / Equity Ratio	0.29	0.38	0.70	0.73	0.86	0.22	Upgrade
Debt / EBITDA Ratio	1.08	1.36	27.52	-	8.26	-	Upgrade
Debt / FCF Ratio	0.77	0.91	2.61	82.91	6.61	3.36	Upgrade
Asset Turnover	1.34	1.54	1.66	1.58	1.43	1.38	Upgrade
Quick Ratio	1.34	1.70	1.19	1.15	1.26	0.67	Upgrade
Current Ratio	1.61	1.88	1.29	1.24	1.36	0.82	Upgrade
Return on Equity (ROE)	22.64%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%	Upgrade
Return on Assets (ROA)	9.99%	8.65%	-0.64%	-5.56%	0.87%	-3.20%	Upgrade
Return on Capital (ROIC)	15.27%	14.81%	-1.22%	-10.19%	1.60%	-6.03%	Upgrade
Return on Capital Employed (ROCE)	23.90%	18.60%	-1.90%	-16.00%	2.40%	-8.60%	Upgrade
Earnings Yield	1.40%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%	Upgrade
FCF Yield	2.91%	2.62%	2.03%	0.15%	0.70%	0.37%	Upgrade
Buyback Yield / Dilution	-3.39%	-6.30%	0.57%	-0.98%	-3.39%	-3.66%	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.