Spotify Technology S.A annual return on equity
2018
2019
2020
2021
2022
2023
2024
2025
Spotify Technology S.A Return on Equity (ROE) Growth & History (SPOT)
Spotify Technology S.A's return on equity was 31.93% for fiscal 2025.
View full Spotify Technology S.A company overviewSpotify Technology S.A annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 31.93% | +3.65 pp |
| 2024 | 2024-12-31 | 28.28% | +49.89 pp |
| 2023 | 2023-12-31 | −21.61% | −2.58 pp |
| 2022 | 2022-12-31 | −19.03% | −17.65 pp |
| 2021 | 2021-12-31 | −1.38% | +22.62 pp |
| 2020 | 2020-12-31 | −24.00% | −14.99 pp |
| 2019 | 2019-12-31 | −9.01% | −2.32 pp |
| 2018 | 2018-12-31 | −6.69% | — |
Spotify Technology S.A quarterly return on equity
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.65% | +7.98 pp |
| Q1 2026 | 2026-03-31 | 8.83% | +5.00 pp |
| Q4 2025 | 2025-12-31 | 14.58% | +7.35 pp |
| Q3 2025 | 2025-09-30 | 12.48% | +5.73 pp |
| Q2 2025 | 2025-06-30 | −1.34% | −8.58 pp |
| Q1 2025 | 2025-03-31 | 3.82% | −2.93 pp |
| Q4 2024 | 2024-12-31 | 7.23% | +10.23 pp |
| Q3 2024 | 2024-09-30 | 6.75% | +3.65 pp |
| Q2 2024 | 2024-06-30 | 7.24% | +20.98 pp |
| Q1 2024 | 2024-03-31 | 6.76% | +16.24 pp |
| Q4 2023 | 2023-12-31 | −3.00% | +8.65 pp |
| Q3 2023 | 2023-09-30 | 3.10% | +10.42 pp |
| Q2 2023 | 2023-06-30 | −13.74% | −8.12 pp |
| Q1 2023 | 2023-03-31 | −9.49% | −15.63 pp |
| Q4 2022 | 2022-12-31 | −11.65% | — |
| Q3 2022 | 2022-09-30 | −7.32% | — |
| Q2 2022 | 2022-06-30 | −5.62% | — |
| Q1 2022 | 2022-03-31 | 6.14% | — |
Spotify Technology S.A return on equity trends
Over the last five fiscal years, Spotify Technology S.A's return on equity increased from −24.00% to 31.93%, a change of +55.93 percentage points. The latest reported quarter, Q2 2026, shows 6.65%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Spotify Technology S.A source filings ↗