Market Cap for Spotify (SPOT)
According to Spotify's latest reported financial statements, the company's latest reported market cap is $123.40B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SPOT
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Latest period
$123.40B
YoY change
-23.6%
5Y CAGR
+15.5%
Peak year (2025)
$122.24B
Latest annual
$93.38B
Market Cap history chart for Spotify (SPOT) from 2018 to 2026
Market Cap history table for Spotify (SPOT) from 2018 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $93.38B | -23.6% | ||
| 2025 | $122.24B | +32.0% | ||
| 2024 | $92.60B | +153.1% | ||
| 2023 | $36.59B | +136.7% | ||
| 2022 | $15.46B | -65.9% | ||
| 2021 | $45.39B | -23.1% | ||
| 2020 | $59.02B | +118.1% | ||
| 2019 | $27.06B | +31.6% | ||
| 2018 | $20.57B | — |
Market Cap values are taken from Spotify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
Analysis
The 2026 reading of Spotify (SPOT) market cap is $93.38B – declined 23.6% year-over-year.
Across 2021–2026 (5 years), Spotify market cap produced a CAGR of +15.5% – with the latest reading among the more recent periods of the dataset.
Between 2025 and 2026, Spotify market cap declined 23.6%, falling from $122.24B to $93.38B.
$122.24B stands as the all-time-high annual market cap, posted in 2025, against a low of $15.46B during 2022.
Within Communication Services, Spotify (SPOT) ranks 9th among 8 peers we track. The peer median for market cap is $202.49B.
Spotify Market Cap by Year
Spotify Market Cap 2026: $93.38B
Spotify market cap in 2026 was $93.38B, declined 23.6% below 2025.
Spotify Market Cap 2025: $122.24B
Spotify market cap in 2025 was $122.24B, surged 32.0% from 2024. This figure represents the highest annual value in the available history.
Spotify Market Cap 2024: $92.60B
Spotify market cap in 2024 was $92.60B, surged 153.1% from 2023.
Spotify Market Cap 2023: $36.59B
Spotify market cap in 2023 was $36.59B, surged 136.7% from 2022.
Spotify Market Cap 2022: $15.46B
Spotify market cap in 2022 was $15.46B.
See more financial history for Spotify (SPOT).
Sector peers — Market Cap
Companies in the same sector as Spotify, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $4.66T | Communication Services |
| Meta Platforms, Inc. (META) | $1.55T | Communication Services |
| Netflix, Inc. (NFLX) | $388.53B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $205.74B | Communication Services |
| Verizon Communications Inc. (VZ) | $199.24B | Communication Services |
| AT&T Inc. (T) | $181.99B | Communication Services |
| The Walt Disney Company (DIS) | $179.77B | Communication Services |
| Comcast Corporation (CMCSA) | $98.74B | Communication Services |
Frequently asked questions
What is Spotify's market cap?
- Latest reported market cap for Spotify (SPOT) is $123.40B (period ending December 31, 2025).
How has Spotify market cap changed year-over-year?
- Spotify (SPOT) market cap changed -23.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Spotify market cap?
- Spotify (SPOT) market cap compound annual growth rate is +15.5% over the most recent 5 years available.
When did Spotify market cap hit its highest annual value?
- Spotify market cap reached its highest annual value of $122.24B in 2025.
What was Spotify market cap in 2025?
- Spotify (SPOT) market cap in 2025 was $122.24B.
What was Spotify market cap in 2026?
- Spotify (SPOT) market cap in 2026 was $93.38B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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