Spotify Technology (XSWX:SPOT) Pre-Tax Income: CHF3,241 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:SPOT Spotify Technology SA XSWX:SPOT
80 GF Score
Price CHF411.00
GF Value CHF408.78
! 2 Warning Signs
View Full Analysis

What is Spotify Technology Pre-Tax Income?

Spotify Technology XSWX:SPOT +5.25% 80 Pre-Tax Income is CHF3,241 Mil as of Jun. 2026. GuruFocus rates XSWX:SPOT with a GF Score™ of 80/100 and a GF Value™ of CHF408.78. The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Spotify Technology's pretax income for the three months ended in Jun. 2026 was CHF663 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was CHF3,241 Mil. Spotify Technology's pretax margin was 15.07%.

During the past 11 years, Spotify Technology's highest Pretax Margin was 19.37%. The lowest was -30.15%. And the median was -3.23%.


Spotify Technology  (XSWX:SPOT) Pre-Tax Income Explanation

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

Pretax Margin=Pretax Income/Revenue
=663.014/4398.913
=15.07%

During the past 11 years, Spotify Technology's highest Pretax Margin was 19.37%. The lowest was -30.15%. And the median was -3.23%.

* 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 Pre-Tax Income Related Terms


Spotify Technology Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Spotify Technology's Pre-Tax Income 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 Pre-Tax Income Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 259.13 -365.14 -476.25 1,251.97 2,075.30

Spotify Technology Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income 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 45.02 772.74 952.73 852.83 663.01

XSWX:SPOT vs NBIS, BIDU, RDDT: Pre-Tax Income Comparison

For the Internet Content & Information subindustry, Spotify Technology's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Spotify Technology's Pre-Tax Income falls into.


XSWX:SPOT
80GF Score
Spotify Technology SA XSWX:SPOT
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spotify Technology Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=2051.038+-186.628+-28.927+228.619+11.197
=2,075

Spotify Technology's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=603.158+14.734+-7.367+44.201+8.2879999999999
=663

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF3,241 Mil.

* 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 Pre-Tax Income →
What does a Pre-Tax Income of CHF3,241 Mil mean?
Spotify Technology (XSWX:SPOT) has a Pre-Tax Income of CHF3,241 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's Pre-Tax Income too high?
Spotify Technology's current Pre-Tax Income is CHF3,241 Mil. Overall, Spotify Technology has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Pre-Tax Income compare to NBIS and BIDU?
Spotify Technology's Pre-Tax Income of CHF3,241 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Interactive Media company?
A good Pre-Tax Income depends on the Interactive Media industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Spotify Technology and its competitors. Spotify Technology's current Pre-Tax Income is CHF3,241 Mil. 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 Pre-Tax Income of CHF3,241 Mil. The stock's GF Value™ is CHF408.78, compared to a current price of CHF411.00 — trading 0.5% above its estimated fair value. The current Pre-Tax Income is CHF3,241 Mil. Spotify Technology's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Pre-Tax Income is CHF3,241 Mil as of Jun. 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 overvalued. The current stock price of CHF411.00 is trading 0.5% above its estimated GF Value™ of CHF408.78.

Key valuation signals for XSWX:SPOT:

  • Pre-Tax Income: CHF3,241 Mil
  • GF Value™: CHF408.78 vs. price of CHF411.00 (0.5% above fair value)
  • GF Score™: 80/100 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.
80GF Score

Get the complete analysis for XSWX:SPOT

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF411.00
Price
CHF408.78
GF Value