Spotify Technology (XSWX:SPOT) EPS without NRI: CHF9.31 (TTM As of Mar. 2026)


XSWX:SPOT Spotify Technology SA XSWX:SPOT
73 GF Score
Price CHF374.00
GF Value CHF397.81
! 2 Warning Signs
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What is Spotify Technology EPS without NRI?

Spotify Technology XSWX:SPOT -0.40% 73 EPS without NRI is CHF9.31 as of Mar. 2026. GuruFocus rates XSWX:SPOT with a GF Score™ of 73/100 and a GF Value™ of CHF397.81. The stock has 2 warning signs investors should review. Among 385 Interactive Media companies, Spotify Technology ranks worse than 259740% on this metric.

Spotify Technology's earnings per share without non-recurring items for the three months ended in Mar. 2026 was CHF2.58. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was CHF9.31.

During the past 12 months, Spotify Technology's average earnings per share (NRI) Growth Rate was 53.20% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Spotify Technology's EPS without NRI or its related term are showing as below:

During the past 11 years, Spotify Technology's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 29.80% per year. The lowest was -66.70% per year. And the median was 9.15% per year.

XSWX:SPOT's 3-Year EPS without NRI Growth Rate is not ranked *
in the Interactive Media industry.
Industry Median: 12.1
* Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.

Spotify Technology's EPS (Diluted) for the three months ended in Mar. 2026 was CHF3.14. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF9.95.

Spotify Technology's EPS (Basic) for the three months ended in Mar. 2026 was CHF3.19. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF12.19.


Spotify Technology  (XSWX:SPOT) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Spotify Technology EPS without NRI Related Terms


Spotify Technology EPS without NRI Historical Data

* Premium members only.

The historical data trend for Spotify Technology's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spotify Technology EPS without NRI Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.88 -4.03 -1.99 5.99 10.69

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.77 1.10 2.41 3.21 2.58

XSWX:SPOT vs NBIS, BIDU, RDDT: EPS without NRI Comparison

For the Internet Content & Information subindustry, Spotify Technology's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spotify Technology PE Ratio without NRI vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Spotify Technology's PE Ratio without NRI falls into.


XSWX:SPOT
73GF Score
Spotify Technology SA XSWX:SPOT
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Spotify Technology EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF9.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of CHF9.31 mean?
Spotify Technology (XSWX:SPOT) has a EPS without NRI of CHF9.31 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Spotify Technology and its competitors. According to the industry distribution chart, Spotify Technology ranks #999999 out of 385 companies in the Interactive Media industry.
Is Spotify Technology's EPS without NRI too high?
Spotify Technology's current EPS without NRI is CHF9.31. Based on the distribution chart, Spotify Technology ranks #999999 out of 385 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Spotify Technology has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's EPS without NRI compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #999999 out of 385 companies for EPS without NRI. This places Spotify Technology in the lower half of its industry. The industry median EPS without NRI is 12.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Interactive Media company?
The median EPS without NRI among Interactive Media companies is 12.10, based on 385 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median EPS without NRI is 12.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current EPS without NRI is CHF9.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Spotify Technology (XSWX:SPOT) has a current EPS without NRI of CHF9.31. The stock's GF Value™ is CHF397.81, compared to a current price of CHF374.00 — trading 6% below its estimated fair value. The current EPS without NRI is CHF9.31. Spotify Technology's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current EPS without NRI is CHF9.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spotify Technology (XSWX:SPOT) Overvalued in 2026?

Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued. The current stock price of CHF374.00 is trading 6% below its estimated GF Value™ of CHF397.81.

Key valuation signals for XSWX:SPOT:

  • EPS without NRI: CHF9.31
  • GF Value™: CHF397.81 vs. price of CHF374.00 (6% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the XSWX:SPOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spotify Technology Business Description

Address Regeringsgatan 19, Stockholm, SWE, 111 53
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
73GF Score

Get the complete analysis for XSWX:SPOT

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF374.00
Price
CHF397.81
GF Value