What is Spotify's expected EPS for Q2 2026?

Analysts expect Spotify (SPOT) to report consensus EPS of approximately €2.79 for Q2 2026. Estimates range from €2.35 to €3.29.

What revenue do analysts expect for Spotify in Q2 2026?

The consensus revenue forecast for Spotify (SPOT) in Q2 2026 is approximately €4.79B. Forecasts range from €4.74B to €4.84B.

How many analysts cover Spotify?

14 analysts contribute to the Spotify (SPOT) Q2 2026 consensus estimate.

Has Spotify beaten earnings estimates recently?

Spotify beat analyst EPS estimates in 2 of the last 2 quarters. Spotify beat revenue estimates in 2 of 2. In the most recent quarter (Q1 2026), Spotify EPS beat by 35.5% and revenue beat by 15.3%.

When does Spotify report Q2 2026 earnings?

Spotify (SPOT) is expected to report Q2 2026 earnings on August 4, 2026 before market open.

SPOT Q2 2026 earnings estimate

Consensus EPS · Q2 2026

€2.79

Consensus revenue · Q2 2026

€4.8B

Analysts

Expected report

Aug 4, 2026

Before open

Upcoming earnings

Locks in 11 days 11 hours · BMO: Locks 8:00 PM ET previous day

Revenue€4.8B€4.7B – €4.8B

EPS€2.79€2.35 – €3.29

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 14 analysts.

Metric	Low	Consensus	High
Revenue	€4.7B	€4.8B	€4.8B
EPS	€2.35	€2.79	€3.29
EBITDA	€1.2B	€1.3B	€1.3B
EBIT	€1.3B	€1.3B	€1.3B
Net income	€471.1M	€576.6M	€673.3M

Revenue€4.8B
EPS€2.79
EBITDA€1.3B
EBIT€1.3B
Net income€576.6M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	€5.2B	€4.5B	+15.3%	€4.04	€2.98	+35.5%
Q4 2025	€5.3B	€4.5B	+17.7%	€5.20	€2.73	+90.1%

Q1 2026+15.3%+35.5%
Q4 2025+17.7%+90.1%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Spotify (SPOT) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 2 analysts.

Low: $420.00
Consensus: $598.38
Median: $600.00
High: $720.00
Current: $474.16
Upside: +26.2%

Upside calculated vs most recent trading price of $474.16.

Analyst ratings

Consensus: Buy — based on 52 analyst ratings.

Buy 32Hold 18Sell 2

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 10, 2026	UBS	maintain	Buy	Buy
Jul 9, 2026	Wells Fargo	maintain	Overweight	Overweight
Jul 9, 2026	Rosenblatt	maintain	Neutral	Neutral
May 26, 2026	Cantor Fitzgerald	maintain	Neutral	Neutral
May 22, 2026	Wells Fargo	maintain	Overweight	Overweight
May 22, 2026	Rosenblatt	maintain	Neutral	Neutral
May 22, 2026	Morgan Stanley	maintain	Overweight	Overweight
May 22, 2026	JP Morgan	maintain	Overweight	Overweight
May 22, 2026	Citizens	maintain	Market Outperform	Market Outperform
May 22, 2026	Barclays	maintain	Overweight	Overweight

Jul 10, 2026UBSBuy
Jul 9, 2026Wells FargoOverweight
Jul 9, 2026RosenblattNeutral
May 26, 2026Cantor FitzgeraldNeutral
May 22, 2026Wells FargoOverweight
May 22, 2026RosenblattNeutral
May 22, 2026Morgan StanleyOverweight
May 22, 2026JP MorganOverweight
May 22, 2026CitizensMarket Outperform
May 22, 2026BarclaysOverweight

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