Spotify TechnologyBUE:SPOT 77 Net Margin % is 15.91% as of Mar. 2026. GuruFocus rates BUE:SPOT with a GF Score™ of 77/100. The stock has 2 warning signs investors should review. Among 553 Interactive Media companies, Spotify Technology ranks better than 78.48% on this metric.
The historical rank and industry rank for Spotify Technology's Net Margin % or its related term are showing as below:
BUE:SPOT'
s Net Margin % Range Over the Past 10 Years
Min: -30.2 Med: -3.21 Max: 12.87
Current: 15.51
BUE:SPOT's Net Margin % is ranked better than 78.48% of 553
companies
in the Interactive Media industry
Industry Median: 1.65
vs BUE:SPOT: 15.51
Spotify Technology (BUE:SPOT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Spotify Technology Net Margin % Related Terms
Spotify Technology Net Margin % Historical Data
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The historical data trend for Spotify Technology's Net Margin % 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.
BUE:SPOT vs NBIS, BIDU, RDDT: Net Margin % Comparison
For the Internet Content & Information subindustry, Spotify Technology's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's Net Margin % distribution charts can be found below:
* The bar in red indicates where Spotify Technology's Net Margin % falls into.
* 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 (BUE:SPOT) has a Net Margin % of 15.91% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Spotify Technology and its competitors. According to the industry distribution chart, Spotify Technology ranks #119 out of 553 companies in the Interactive Media industry, placing it in the top 21.5%.
Is Spotify Technology's Net Margin % too high?
Spotify Technology's current Net Margin % is 15.91%. The Interactive Media industry median Net Margin % is 1.65. Spotify Technology's value of 15.91% is 864.2% above this industry median. Based on the distribution chart, Spotify Technology ranks #119 out of 553 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Spotify Technology has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Net Margin % compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #119 out of 553 companies for Net Margin %. This places Spotify Technology in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.65. Spotify Technology's value of 15.91% is 864.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Interactive Media company?
The median Net Margin % among Interactive Media companies is 1.65, based on 553 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current Net Margin % of 15.91% is 864.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median Net Margin % is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current Net Margin % is 15.91%. 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 (BUE:SPOT) has a current Net Margin % of 15.91%. The current Net Margin % is 15.91% and 864.2% above the Interactive Media industry median of 1.65. Spotify Technology's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Spotify Technology (BUE:SPOT), the current Net Margin % is 15.91% 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.
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.
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