Nama's AI scorecard currently rates Spotify Technology Buy (7.0 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.

What is SPOT's P/E ratio?

Spotify Technology trades at a trailing price-to-earnings ratio of 46.5.

When does SPOT report earnings?

Spotify Technology's next scheduled report is on Feb 9, 2027. Analysts expect EPS of $3.28.

What is the SPOT price target?

The median analyst price target from 38 analysts is $649.59, with a range of $456.77 – $745.99.

Is SPOT Shariah compliant?

Nama's AAOIFI-style screen reads Spotify Technology as Questionable. Ratios pass, but its industry often sells things we can't check.

Nama Insights

Spotify Technology (SPOT)

Communication Services · Internet Content Information · NYSE

Spotify Technology (SPOT) is a Communication Services company in the Internet Content Information industry. It has a market capitalization of $123.97B, a trailing price-to-earnings ratio of 46.5 and a free-cash-flow yield of 2.5%. Over the most recent reported fiscal year, revenue grew 9.7% and free cash flow per share grew 23.6%. Nama's AI scorecard rates it Buy, 7.0 out of 10. On 12-month momentum it ranks in the lagging band of its market.

AI scorecard

Buy · 7.0/10

Positive, at the low end of Buy. As of Nov 7, 2026.

Momentum

Lagging · -17.0% over 12 months ex. last

Second-worst fifth of its market on the past year's move.

Shariah screen

Questionable

Ratios pass, but its industry often sells things we can't check.

Off its high

-23.2%

How far the last close sits under the highest price of the past five years.

Market cap	$123.97B
Trailing P/E	46.5
Price / book	12.7
Price / sales	5.9
FCF yield	2.5%
Dividend yield	—
Gross margin	33.1%
Operating margin	14.6%
Net margin	15.7%
Revenue growth (YoY)	+9.7%
Revenue growth (3-yr annual)	+13.6%
EPS growth (YoY)	+51.7%
FCF/share growth (YoY)	+23.6%
Beta	1.6
Exchange	NYSE
Sector	Communication Services
Industry	Internet Content Information

SPOT earnings

Next report: Feb 9, 2027 (Q4 2026, EPS estimate $3.28). Beat the EPS estimate in 2 of 4 recent quarters.

Quarter	Reported	EPS	Estimate	Surprise	Revenue
Q3 2026	Oct 22, 2026	$2.48	$2.81	-11.7%	$5.57B
Q2 2026	Aug 4, 2026	$2.61	$2.75	-5.1%	$5.36B
Q1 2026	Apr 28, 2026	$3.45	$2.94	+17.4%	$5.08B
Q4 2025	Feb 10, 2026	$4.43	$2.78	+59.4%	$5.08B

SPOT analyst price target

Median target $649.59 from 38 analysts, ranging $456.77 – $745.99.

Internet Content Information peers

Ticker	Company	Market cap	P/E
GOOGL	Alphabet	$3.50T	14.9
META	Meta Platforms	$1.56T	23.3
NBIS	Nebius Group	$35.20B	3237.2
BIDU	Baidu	$27.87B	13.2
RDDT	Reddit	$18.36B	16.6
TME	Tencent Music Entertainment Group	$15.58B	10.1
PINS	Pinterest	$10.87B	10.4
MTCH	Match Group	$8.88B	10.1

Explore live SPOT data on Nama Insights →

Recent Congressional trades

Spotify Technology trades disclosed by members of the US House and Senate under the STOCK Act. See the full Congress trades board →

Member	Chamber	Trade	Amount	Disclosed
Alan Armstrong	Senate	Buy	$1,001 - $15,000	Jul 21, 2026
Gilbert Cisneros	House	Sell	$1,001 - $15,000	Jul 2, 2026
Gilbert Cisneros	House	Sell	$1,001 - $15,000	Jan 12, 2026
Gilbert Cisneros	House	Sell	$1,001 - $15,000	Dec 15, 2025
Gilbert Cisneros	House	Buy	$1,001 - $15,000	Dec 15, 2025
Valerie Hoyle	House	Sell	$1,001 - $15,000	Oct 10, 2025
Valerie Hoyle	House	Buy	$1,001 - $15,000	Sep 12, 2025
Rob Bresnahan	House	Buy	$1,001 - $15,000	Jul 8, 2025
Jefferson Shreve	House	Sell	$50,001 - $100,000	Jun 22, 2025
Bruce Westerman	House	Sell	$1,001 - $15,000	May 12, 2025
Jefferson Shreve	House	Buy	$15,001 - $50,000	May 8, 2025
Bruce Westerman	House	Buy	$1,001 - $15,000	Apr 16, 2025

SPOT FAQ

Is SPOT a buy?: Nama's AI scorecard currently rates Spotify Technology Buy (7.0 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.
What is SPOT's P/E ratio?: Spotify Technology trades at a trailing price-to-earnings ratio of 46.5.
When does SPOT report earnings?: Spotify Technology's next scheduled report is on Feb 9, 2027. Analysts expect EPS of $3.28.
What is the SPOT price target?: The median analyst price target from 38 analysts is $649.59, with a range of $456.77 – $745.99.
Is SPOT Shariah compliant?: Nama's AAOIFI-style screen reads Spotify Technology as Questionable. Ratios pass, but its industry often sells things we can't check.