ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spotify Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN60,123 Mil.
Spotify Technology's average Total Assets over the quarter that ended in Mar. 2026 was MXN295,128 Mil. Therefore, Spotify Technology's annualized ROA % for the quarter that ended in Mar. 2026 was 20.37%.
The historical rank and industry rank for Spotify Technology's ROA % or its related term are showing as below:
MEX:SPOT N'
s ROA % Range Over the Past 10 Years
Min: -49.61 Med: -4.76 Max: 19.96
Current: 19.96
During the past 11 years, Spotify Technology's highest ROA % was 19.96%. The lowest was -49.61%. And the median was -4.76%.
MEX:SPOT N's ROA % is ranked better than 92.43% of 568
companies
in the Interactive Media industry
Industry Median: 0.675
vs MEX:SPOT N: 19.96
Spotify Technology (MEX:SPOT N) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Spotify Technology ROA % Related Terms
Spotify Technology ROA % Historical Data
* Premium members only.
The historical data trend for Spotify Technology's ROA % 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.
For the Internet Content & Information subindustry, Spotify Technology's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's ROA % distribution charts can be found below:
* The bar in red indicates where Spotify Technology's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Spotify Technology (MEX:SPOT N) has a ROA % of 20.37% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spotify Technology and its competitors. According to the industry distribution chart, Spotify Technology ranks #43 out of 568 companies in the Interactive Media industry, placing it in the top 7.6%.
Is Spotify Technology's ROA % too high?
Spotify Technology's current ROA % is 20.37%. The Interactive Media industry median ROA % is 0.68. Spotify Technology's value of 20.37% is 2917.8% above this industry median. Based on the distribution chart, Spotify Technology ranks #43 out of 568 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 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's ROA % compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #43 out of 568 companies for ROA %. This places Spotify Technology in the top 8% of its industry — outperforming the majority of peers. The industry median ROA % is 0.68. Spotify Technology's value of 20.37% is 2917.8% 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 ROA % for an Interactive Media company?
The median ROA % among Interactive Media companies is 0.68, based on 568 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current ROA % of 20.37% is 2917.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median ROA % is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current ROA % is 20.37%. 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?
Based on GuruFocus' analysis, Spotify Technology (MEX:SPOT N) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,709.51, compared to a current price of MXN7,843.09 — trading 9.9% below its estimated fair value. The current ROA % is 20.37% and 2917.8% above the Interactive Media industry median of 0.68. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Spotify Technology (MEX:SPOT N), the current ROA % is 20.37% 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 (MEX:SPOT N) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued.
The current stock price of MXN7,843.09 is trading 9.9% below its estimated GF Value™ of MXN8,709.51.
GuruFocus considers Spotify Technology to be Fairly Valued.
Key valuation signals for MEX:SPOT N:
ROA %: 20.37%
GF Value™: MXN8,709.51 vs. price of MXN7,843.09 (9.9% below fair value)
Industry Position: 2917.8% above the Interactive Media median (#43 of 568)
No single metric tells the full story. See the MEX:SPOT N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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