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Spotify Technology S.A. (SPOT)
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Spotify Technology S.A. (SPOT) EV/Sales Ratio: 4.86x

popular:market cap|pe ratio|revenue|price history|total return

Is Spotify Technology S.A.’s EV/Sales ratio high or low?

Spotify Technology S.A.'s EV/Sales ratio of 4.86x is 20% above its 5-year average of 4.05x, around the middle of its 5-year range (1.08x–9.17x).

The EV/Sales ratio for Spotify Technology S.A. (SPOT) is 4.86x as of Wednesday, June 10, 2026. It is below its 12-month average by 24.38% (6.43x).

EV/EBITDA|P/S Ratio|Revenue|All Metrics

SPOT EV/Sales Ratio Chart

SPOT EV/Sales Ratio
4.86x-40.51% 1Y
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SPOT Average EV/Sales Ratio Chart

SPOT Current vs Average EV/Sales Ratio Chart

SPOT EV/Sales Ratio Metrics

EV/SALES RATIO

4.86x

EV/SALES RATIO AVG TTM

6.43x

EV/SALES RATIO AVG 3Y

5.00x

EV/SALES RATIO AVG 5Y

4.05x

EV/SALES RATIO AVG 10Y

4.33x

EV/SALES RATIO AVG 15Y

4.33x

EV/SALES RATIO AVG 20Y

4.33x

CURRENT VS TTM AVG

-24.38%

CURRENT VS 3Y AVG

-2.86%

CURRENT VS 5Y AVG

+20.05%

CURRENT VS 10Y AVG

+12.20%

CURRENT VS 15Y AVG

+12.20%

CURRENT VS 20Y AVG

+12.20%

SPOT Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Spotify Technology S.A. (SPOT)$103.45B4.86x6.43x5.00x4.05x
Comcast Corporation (CMCSA)$85.63B1.37x1.64x1.97x2.19x
Electronic Arts Inc. (EA)$50.95B6.64x6.54x5.45x5.45x
AT&T Inc. (T)$161.17B2.49x2.69x2.47x2.39x
The Walt Disney Company (DIS)$171.20B2.22x2.50x2.46x3.00x
Reddit, Inc. (RDDT)$33.69B13.78x18.99x16.87x16.87x
Charter Communications, Inc. (CHTR)$19.45B2.07x2.34x2.60x2.99x
Roku, Inc. (ROKU)$17.27B3.31x3.03x2.70x4.90x
Pinterest, Inc. (PINS)$14.47B3.36x4.51x5.97x7.05x
Verizon Communications Inc. (VZ)$195.94B2.77x2.60x2.54x2.62x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

Spotify Technology S.A. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Spotify Technology S.A. EV/Sales Ratio FAQ

What is the EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The EV/Sales ratio for SPOT stock is 4.86x.
Is Spotify Technology S.A.'s EV/Sales ratio high or low?
Spotify Technology S.A.'s EV/Sales ratio of 4.86x is 20% above its 5-year average of 4.05x, around the middle of its 5-year range (1.08x–9.17x).
What is the TTM average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The TTM average EV/Sales ratio for SPOT stock is 6.43x.
What is the 3Y average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The 3Y average EV/Sales ratio for SPOT stock is 5.00x.
What is the 5Y average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The 5Y average EV/Sales ratio for SPOT stock is 4.05x.
What is the 10Y average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The 10Y average EV/Sales ratio for SPOT stock is 4.33x.
What is the 15Y average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The 15Y average EV/Sales ratio for SPOT stock is 4.33x.
What is the 20Y average EV/Sales ratio for Spotify Technology S.A. (SPOT)?
The 20Y average EV/Sales ratio for SPOT stock is 4.33x.

Spotify Technology S.A. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-104.86x
2026-06-094.79x
2026-06-084.86x
2026-06-054.80x
2026-06-044.77x
2026-06-034.70x
2026-06-024.85x
2026-06-014.91x
2026-05-294.81x
2026-05-285.00x
2026-05-274.96x
2026-05-265.13x
2026-05-225.03x
2026-05-214.73x
2026-05-204.15x
2026-05-194.24x
2026-05-184.27x
2026-05-154.19x
2026-05-144.14x
2026-05-134.13x
2026-05-124.15x
2026-05-114.01x
2026-05-083.99x
2026-05-074.09x
2026-05-064.07x
2026-05-054.01x
2026-05-044.20x
2026-05-014.23x
2026-04-304.29x
2026-04-294.26x
2026-04-284.16x
2026-04-275.14x
2026-04-245.38x
2026-04-235.36x
2026-04-225.43x
2026-04-215.43x
2026-04-205.58x
2026-04-175.58x
2026-04-165.53x
2026-04-155.52x
2026-04-145.31x
2026-04-135.23x
2026-04-104.93x
2026-04-095.05x
2026-04-085.01x
2026-04-075.01x
2026-04-065.02x
2026-04-025.07x
2026-04-014.87x
2026-03-315.03x
2026-03-304.92x
2026-03-274.89x
2026-03-264.95x
2026-03-254.90x
2026-03-245.03x
2026-03-235.11x
2026-03-204.92x
2026-03-195.00x
2026-03-185.37x
2026-03-175.46x
2026-03-165.45x
2026-03-135.36x
2026-03-125.29x
2026-03-115.34x
2026-03-105.51x
2026-03-095.67x
2026-03-065.89x
2026-03-055.75x
2026-03-045.55x
2026-03-035.40x
2026-03-025.27x
2026-02-275.35x
2026-02-265.14x
2026-02-254.80x
2026-02-244.82x
2026-02-234.84x
2026-02-205.09x
2026-02-195.03x
2026-02-184.95x
2026-02-174.79x
2026-02-134.74x
2026-02-124.61x
2026-02-115.05x
2026-02-104.93x
2026-02-094.50x
2026-02-064.59x
2026-02-054.47x
2026-02-044.79x
2026-02-035.17x
2026-02-025.56x
2026-01-305.47x
2026-01-295.51x
2026-01-285.56x
2026-01-275.59x
2026-01-265.60x
2026-01-235.61x
2026-01-225.45x
2026-01-215.49x
2026-01-205.59x
2026-01-165.51x
2026-01-155.55x
2026-01-145.79x
2026-01-135.85x
2026-01-125.80x
2026-01-095.91x
2026-01-086.07x
2026-01-076.25x
2026-01-066.27x
2026-01-056.52x
2026-01-026.31x
2025-12-316.38x
2025-12-306.33x
2025-12-296.38x
2025-12-266.42x
2025-12-246.44x
2025-12-236.36x
2025-12-226.35x
2025-12-196.39x
2025-12-186.18x
2025-12-176.21x
2025-12-166.36x
2025-12-156.34x
2025-12-126.57x
2025-12-116.58x
2025-12-106.70x
2025-12-096.48x
2025-12-086.28x
2025-12-056.20x
2025-12-046.15x
2025-12-036.11x
2025-12-026.33x
2025-12-016.35x
2025-11-286.58x
2025-11-266.51x
2025-11-256.43x
2025-11-246.42x
2025-11-216.41x
2025-11-206.47x
2025-11-196.80x
2025-11-187.01x
2025-11-177.05x
2025-11-147.00x
2025-11-137.11x
2025-11-127.14x
2025-11-117.04x
2025-11-106.85x
2025-11-076.79x
2025-11-066.80x
2025-11-056.82x
2025-11-046.93x
2025-11-037.05x
2025-10-317.17x
2025-10-307.19x
2025-10-297.29x
2025-10-287.15x
2025-10-277.20x
2025-10-247.07x
2025-10-237.38x
2025-10-227.40x
2025-10-217.55x
2025-10-207.40x
2025-10-177.35x
2025-10-167.28x
2025-10-157.35x
2025-10-147.49x
2025-10-137.58x
2025-10-107.51x
2025-10-097.38x
2025-10-087.39x
2025-10-077.45x
2025-10-067.45x
2025-10-037.46x
2025-10-027.76x
2025-10-017.68x
2025-09-307.65x
2025-09-297.99x
2025-09-267.86x
2025-09-257.82x
2025-09-247.77x
2025-09-237.89x
2025-09-228.11x
2025-09-198.07x
2025-09-188.06x
2025-09-177.75x
2025-09-167.72x
2025-09-157.71x
2025-09-127.63x
2025-09-117.57x
2025-09-107.72x
2025-09-097.89x
2025-09-087.88x
2025-09-057.75x
2025-09-047.72x
2025-09-037.64x
2025-09-027.56x
2025-08-297.47x
2025-08-287.54x
2025-08-277.60x
2025-08-267.63x
2025-08-257.62x
2025-08-227.60x
2025-08-217.56x
2025-08-207.72x
2025-08-197.89x
2025-08-187.99x
2025-08-158.04x
2025-08-147.66x
2025-08-137.62x
2025-08-127.55x
2025-08-117.55x
2025-08-087.74x
2025-08-077.53x
2025-08-067.30x
2025-08-057.08x
2025-08-047.21x
2025-08-016.86x
2025-07-316.85x
2025-07-307.12x
2025-07-296.78x
2025-07-288.27x
2025-07-258.17x
2025-07-248.03x
2025-07-237.95x
2025-07-227.96x
2025-07-218.34x
2025-07-188.20x
2025-07-178.51x
2025-07-168.32x
2025-07-158.38x
2025-07-148.47x
2025-07-118.37x
2025-07-108.38x
2025-07-098.52x
2025-07-088.51x
2025-07-078.69x
2025-07-038.56x
2025-07-028.37x
2025-07-018.52x
2025-06-309.07x
2025-06-279.13x
2025-06-269.17x
2025-06-258.69x
2025-06-248.86x
2025-06-238.63x
2025-06-208.34x
2025-06-188.38x
2025-06-178.51x
2025-06-168.44x
2025-06-138.39x
2025-06-128.29x
2025-06-118.37x
2025-06-108.17x
2025-06-098.24x
2025-06-068.40x
2025-06-058.41x
2025-06-048.27x
2025-06-037.91x
2025-06-027.92x
2025-05-307.84x
2025-05-297.49x

Showing the most recent 260 of 2,059 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll Metrics

About Spotify Technology S.A.

Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.

Luxembourg City
7,258 employees
www.spotify.com
Communication Services / Internet Content & Information
Sector
Communication Services
Industry
Internet Content & Information
CEO
Alex Norström
View full financials