Spotify Technology SA Market Cap ($100.37 Billion)
Market Cap & Net Worth: Spotify Technology SA (SPOT)
Spotify Technology SA market cap. Spotify Technology SA (NYSE:SPOT) has a market capitalization of $100.37 Billion ($100.37 Billion) as of November 3, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #255 globally and #132 in its home market, demonstrating a 1.68% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Spotify Technology SA's stock price $594.04 by its total outstanding shares 205620061 (205.62 Million). Also see Spotify Technology SA cash flow conversion for how efficiently the company converts equity into cash flow.
Spotify Technology SA Market Cap History (2018–2026)
Spotify Technology SA market cap history from 2018 to 2026. Data shows growth from $23.34 Billion to $122.15 Billion (17.47% CAGR). Check SPOT stock price and chart for real-time trading data and today's change.
Spotify Technology SA Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Spotify Technology SA's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Explore SPOT net asset momentum to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
6.95x
Spotify Technology SA's market cap is 6.95 times its annual revenue
Latest Price to Earnings (P/E) Ratio
53.98x
Spotify Technology SA's market cap is 53.98 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2018 | $23.34 Billion | $5.26 Billion | -$78.00 Million | 4.44x | N/A |
| 2019 | $30.75 Billion | $6.76 Billion | -$186.00 Million | 4.55x | N/A |
| 2020 | $64.70 Billion | $7.88 Billion | -$581.00 Million | 8.21x | N/A |
| 2021 | $48.12 Billion | $9.67 Billion | -$34.00 Million | 4.98x | N/A |
| 2022 | $16.23 Billion | $11.73 Billion | -$430.00 Million | 1.38x | N/A |
| 2023 | $38.64 Billion | $13.25 Billion | -$532.00 Million | 2.92x | N/A |
| 2024 | $91.99 Billion | $15.67 Billion | $1.14 Billion | 5.87x | 80.84x |
| 2025 | $119.41 Billion | $17.19 Billion | $2.21 Billion | 6.95x | 53.98x |
Competitor Companies of SPOT by Market Capitalization
Companies near Spotify Technology SA in the global market cap rankings as of November 3, 2026. Also see Spotify Technology SA balance sheet assets for a full breakdown of the balance sheet.
Key companies related to Spotify Technology SA by market ranking:
- Alphabet Inc Class A (NASDAQ:GOOGL): Ranked #6 globally with a market cap of $1.64 Trillion USD.
- Alphabet Inc Class C (NASDAQ:GOOG): Ranked #8 globally with a market cap of $1.54 Trillion USD.
- RECRUIT HLD.UNSP.ADR/02 (F:1RHA): Ranked #645 globally with a market cap of $41.23 Billion USD ( €35.27 Billion EUR).
- Meta Platforms Inc. (SA:M1TA34): Ranked #10 globally with a market cap of $1.41 Trillion USD ( R$7.20 Trillion BRL).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #6 | Alphabet Inc Class A | NASDAQ:GOOGL | $1.64 Trillion | $278.99 |
| #8 | Alphabet Inc Class C | NASDAQ:GOOG | $1.54 Trillion | $278.04 |
| #645 | RECRUIT HLD.UNSP.ADR/02 | F:1RHA | $41.23 Billion | €7.15 |
| #10 | Meta Platforms Inc. | SA:M1TA34 | $1.41 Trillion | R$117.63 |
Market Capitalization of Spotify Technology SA (2018–2026)
Market capitalization of Spotify Technology SA from 2018 to today. Between 2018 and today, Spotify Technology SA's market cap moved from $23.34 Billion to $ 122.15 Billion, with a yearly change of 17.47%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $122.15 Billion | +2.30% |
| 2025 | $119.41 Billion | +29.80% |
| 2024 | $91.99 Billion | +138.08% |
| 2023 | $38.64 Billion | +138.01% |
| 2022 | $16.23 Billion | -66.27% |
| 2021 | $48.12 Billion | -25.62% |
| 2020 | $64.70 Billion | +110.40% |
| 2019 | $30.75 Billion | +31.76% |
| 2018 | $23.34 Billion | -- |
End of Day Market Cap According to Different Sources
On Nov 3rd, 2026 the market cap of Spotify Technology SA was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $100.37 Billion USD |
| MoneyControl | $100.37 Billion USD |
| MarketWatch | $100.37 Billion USD |
| marketcap.company | $100.37 Billion USD |
| Reuters | $100.37 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Spotify Technology SA
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 … Read more