Spotify Technology (BUE:SPOT) OCF Margin %: 18.44% (As of Mar. 2026) — 287% Above Median


What is Spotify Technology OCF Margin %?

Spotify Technology BUE:SPOT 78 OCF Margin % is 18.44% as of Mar. 2026, which is 287% above its 10-year median of 4.76. GuruFocus rates BUE:SPOT with a GF Score™ of 78/100. The stock has 2 warning signs investors should review. Among 551 Interactive Media companies, Spotify Technology ranks better than 70.42% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Spotify Technology's Cash Flow from Operations for the three months ended in Mar. 2026 was ARS1,351,367.54 Mil. Spotify Technology's Revenue for the three months ended in Mar. 2026 was ARS7,327,451.00 Mil. Therefore, Spotify Technology's OCF Margin % for the quarter that ended in Mar. 2026 was 18.44%.

As of today, Spotify Technology's current OCF Yield % is 4.14%.

The historical rank and industry rank for Spotify Technology's OCF Margin % or its related term are showing as below:


During the past 11 years, the highest OCF Margin % of Spotify Technology was 17.07%. The lowest was 0.39%. And the median was 4.76%.

BUE:SPOT's OCF Margin % is not ranked *
in the Interactive Media industry.
Industry Median: 8.84
* Ranked among companies with meaningful OCF Margin % only.

Spotify Technology OCF Margin % Related Terms

Spotify Technology OCF Margin % Historical Data

* Premium members only.

The historical data trend for Spotify Technology's OCF 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.

Spotify Technology OCF Margin % Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 0.39 5.13 14.68 17.07

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % 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 12.86 16.91 19.41 18.89 18.44

Spotify Technology OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Spotify Technology's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=4985031.521/29209939.217
=17.07 %

Spotify Technology's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1351367.535/7327451.001
=18.44 %

* 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 OCF Margin % →
What does a OCF Margin % of 18.44% mean?
Spotify Technology (BUE:SPOT) has a OCF Margin % of 18.44% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Spotify Technology and its competitors. This is 287% above median its historical median of 4.76. Over the past decade, Spotify Technology's OCF Margin % has ranged from 0.39 to 17.07. According to the industry distribution chart, Spotify Technology ranks #163 out of 551 companies in the Interactive Media industry, placing it in the top 29.6%.
Is Spotify Technology's OCF Margin % too high?
Spotify Technology's current OCF Margin % of 18.44% is 287% above median its 10-year median of 4.76. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 17.07. The Interactive Media industry median OCF Margin % is 8.84. Spotify Technology's value of 18.44% is 108.6% above this industry median. Based on the distribution chart, Spotify Technology ranks #163 out of 551 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Spotify Technology has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's OCF Margin % compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #163 out of 551 companies for OCF Margin %. This puts Spotify Technology in the upper half of its industry. The industry median OCF Margin % is 8.84. Spotify Technology's value of 18.44% is 108.6% above this benchmark. Historically, Spotify Technology's own OCF Margin % has ranged from 0.39 to 17.07 over the past decade. While the company's 10-year median is 4.76 vs. the industry median of 8.84, Spotify Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Interactive Media company?
The median OCF Margin % among Interactive Media companies is 8.84, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current OCF Margin % of 18.44% is 108.6% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median OCF Margin % is 8.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current OCF Margin % is 18.44%, which is 287% above median its own 10-year median of 4.76. 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 OCF Margin % of 18.44%. The current OCF Margin % is 18.44%, which is 287% above median its 10-year median of 4.76 and 108.6% above the Interactive Media industry median of 8.84. Spotify Technology's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Spotify Technology (BUE:SPOT), the current OCF Margin % is 18.44% 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 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.