Spotify Technology S.A. (SPOT) Return on Invested Capital (ROIC): 21.05%
Is Spotify Technology S.A.’s return on invested capital (ROIC) high or low?
Spotify Technology S.A.'s return on invested capital (ROIC) of 21.05% is 5013% above its 5-year average of 0.41%, near the high end of its 5-year range (-16.13%–21.05%).
As of Friday, June 12, 2026. 15.72% above its 12-month average of 18.19%.
SPOT Return on Invested Capital (ROIC) Chart
SPOT Average Return on Invested Capital (ROIC) Chart
SPOT Current vs Average Return on Invested Capital (ROIC) Chart
SPOT Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
21.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-14.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-14.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-14.63%
CURRENT VS TTM AVG
+15.72%
CURRENT VS 3Y AVG
+758.31%
CURRENT VS 5Y AVG
+5013.36%
CURRENT VS 10Y AVG
+243.88%
CURRENT VS 15Y AVG
+243.88%
CURRENT VS 20Y AVG
+243.88%
SPOT Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $99.93B | 21.05% | 18.19% | 2.45% | 0.41% |
| Comcast Corporation (CMCSA) | $85.82B | 6.42% | 7.49% | 6.93% | 6.52% |
| Electronic Arts Inc. (EA) | $50.91B | 9.36% | 10.34% | 10.06% | 9.41% |
| AT&T Inc. (T) | $159.92B | 5.57% | 5.30% | 3.67% | 4.11% |
| Reddit, Inc. (RDDT) | $33.40B | 14.86% | -5.48% | -8.00% | -8.84% |
| The Walt Disney Company (DIS) | $176.20B | 8.13% | 6.75% | 4.90% | 3.95% |
| Charter Communications, Inc. (CHTR) | $19.64B | 7.23% | 7.32% | 7.21% | 6.82% |
| Roku, Inc. (ROKU) | $17.67B | -0.17% | -3.54% | -12.09% | -7.09% |
| Pinterest, Inc. (PINS) | $14.30B | 5.88% | 4.75% | 0.70% | 1.11% |
| Snap Inc. (SNAP) | $9.03B | -8.20% | -9.93% | -15.13% | -15.09% |
Capital Efficiency
ROIC
21.1%
ROE
34.2%
Spotify Technology S.A. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Spotify Technology S.A. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The return on invested capital (ROIC) for SPOT stock is 21.05%.
- Is Spotify Technology S.A.'s return on invested capital (ROIC) high or low?
- Spotify Technology S.A.'s return on invested capital (ROIC) of 21.05% is 5013% above its 5-year average of 0.41%, near the high end of its 5-year range (-16.13%–21.05%).
- What is the TTM average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The TTM average return on invested capital (ROIC) for SPOT stock is 18.19%.
- What is the 3Y average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The 3Y average return on invested capital (ROIC) for SPOT stock is 2.45%.
- What is the 5Y average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The 5Y average return on invested capital (ROIC) for SPOT stock is 0.41%.
- What is the 10Y average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The 10Y average return on invested capital (ROIC) for SPOT stock is -14.63%.
- What is the 15Y average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The 15Y average return on invested capital (ROIC) for SPOT stock is -14.63%.
- What is the 20Y average return on invested capital (ROIC) for Spotify Technology S.A. (SPOT)?
- The 20Y average return on invested capital (ROIC) for SPOT stock is -14.63%.
Spotify Technology S.A. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 21.05% |
| 2024-12-31 | 15.33% |
| 2023-12-31 | -10.44% |
| 2022-12-31 | -16.13% |
| 2021-12-31 | -0.32% |
| 2020-12-31 | -7.02% |
| 2019-12-31 | -2.75% |
| 2018-12-31 | -0.88% |
| 2017-12-31 | -29.52% |
| 2016-12-31 | -39.24% |
| 2015-12-31 | -91.01% |
Related 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.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Alex Norström