Spotify Technology (SPOT)
Communications · NYSE · US
Price as at 1 Oct 2026, 15:19 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Spotify Technology trades at $485.82, which is 33% below the $645.38 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 70 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 32.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
SPOT earnings and analyst estimates
Recommendation mix, 40 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Spotify Technology
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
SPOT passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Politician trades in SPOT
We hold 8 disclosed trades in SPOT by members of Congress and executive-branch officials. The latest 5:
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 18 Jun 2026 · disclosed 2 Jul 2026
- Alan Armstrong · SenateBuy · $1,001 - $15,000 · traded 30 Mar 2026 · disclosed 21 Jul 2026
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 24 Dec 2025 · disclosed 12 Jan 2026
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 26 Nov 2025 · disclosed 15 Dec 2025
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 18 Nov 2025 · disclosed 15 Dec 2025
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
SPOT peers
The largest companies in the same industry, then in the same sector.
- GOOGL Alphabet Inc.
- META Meta Platforms, Inc.
- 0700.HK Tencent Holdings
- NFLX Netflix, Inc.
- TEL.OL Telenor
- 9984.T SoftBank Group
- 0941.HK China Mobile
- TMUS T-Mobile US
Every communications company we cover is on the Communications hub.
Common questions
Is Spotify Technology (SPOT) undervalued?
Against our fair value estimate of $645.38, SPOT at $485.82 is 33% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is SPOT's P/E ratio?
SPOT trades at 32.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its SPOT data?
Fundamentals for SPOT come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 15:19 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for SPOT, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.