Equities Analysts Offer Predictions for SPOT FY2026 Earnings

Posted by George Bondi on May 19th, 2026

Spotify Technology (NYSE:SPOT – Free Report) – Erste Group Bank increased their FY2026 earnings per share estimates for shares of Spotify Technology in a report issued on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $14.79 per share for the year, up from their previous forecast of $14.61. The consensus estimate for Spotify Technology’s current full-year earnings is $14.87 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $18.21 EPS.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS.

Other equities analysts have also recently issued research reports about the company. Moffett Nathanson assumed coverage on Spotify Technology in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price target on the stock. Guggenheim dropped their price target on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citigroup upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target on the stock in a research report on Friday, January 30th. Citizens Jmp restated a “market outperform” rating and issued a $600.00 price target (down from $800.00) on shares of Spotify Technology in a research report on Wednesday, April 29th. Finally, Arete Research upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price target on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $645.77.

View Our Latest Stock Report on SPOT

Spotify Technology Stock Up 1.7%

Shares of SPOT stock opened at $444.28 on Tuesday. The stock has a market capitalization of $91.47 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The stock’s 50-day moving average price is $485.28 and its 200 day moving average price is $528.22.

Insider Activity at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total transaction of $8,973,189.76. Following the sale, the chief executive officer owned 20,492 shares of the company’s stock, valued at $8,826,314.24. The trade was a 50.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,102 shares of company stock worth $21,444,648 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Spotify Technology

Several institutional investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in Spotify Technology by 35.1% in the 3rd quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock valued at $476,483,000 after buying an additional 177,310 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Spotify Technology by 12.9% in the 4th quarter. Principal Financial Group Inc. now owns 645,196 shares of the company’s stock valued at $374,672,000 after buying an additional 73,722 shares in the last quarter. Truxt Investmentos Ltda. purchased a new stake in Spotify Technology in the 3rd quarter valued at approximately $2,093,000. Ownership Capital B.V. purchased a new stake in Spotify Technology in the 3rd quarter valued at approximately $2,769,000. Finally, Vanguard Group Inc. lifted its stake in Spotify Technology by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock valued at $702,106,000 after buying an additional 24,199 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

About Spotify Technology

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Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.