Spotify Technology (XSWX:SPOT) Tax Rate %: 23.05% (As of Mar. 2026)


XSWX:SPOT Spotify Technology SA XSWX:SPOT
77 GF Score
Price CHF385.50
GF Value CHF388.20
! 2 Warning Signs
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What is Spotify Technology Tax Rate %?

Spotify Technology XSWX:SPOT +0.78% 77 Tax Rate % is 23.05% as of Mar. 2026. GuruFocus rates XSWX:SPOT with a GF Score™ of 77/100 and a GF Value™ of CHF388.20. The stock has 2 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Spotify Technology's Tax Expense for the three months ended in Mar. 2026 was CHF197 Mil. Spotify Technology's Pre-Tax Income for the three months ended in Mar. 2026 was CHF853 Mil. Therefore, Spotify Technology's Tax Rate % for the quarter that ended in Mar. 2026 was 23.05%.

Spotify Technology Tax Rate % Related Terms

Spotify Technology Tax Rate % Historical Data

* Premium members only.

The historical data trend for Spotify Technology's Tax Rate % 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 Tax Rate % Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.65 -16.22 -5.35 15.14 0.54

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 31.40 279.17 -8.71 -14.99 23.05
XSWX:SPOT
77GF Score
Spotify Technology SA XSWX:SPOT
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Spotify Technology Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Spotify Technology's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=11.198/2075.299
=0.54 %

Spotify Technology's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=196.597/852.832
=23.05 %

* 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 Tax Rate % →
What does a Tax Rate % of 23.05% mean?
Spotify Technology (XSWX:SPOT) has a Tax Rate % of 23.05% as of Mar. 2026.
Is Spotify Technology's Tax Rate % too high?
Spotify Technology's current Tax Rate % is 23.05%. 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 Tax Rate % compare to NBIS and BIDU?
Spotify Technology's Tax Rate % of 23.05% 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 Tax Rate % for an Interactive Media company?
A good Tax Rate % depends on the Interactive Media industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Spotify Technology's current Tax Rate % is 23.05%. 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 Tax Rate % of 23.05%. The stock's GF Value™ is CHF388.20, compared to a current price of CHF385.50 — trading 0.7% below its estimated fair value. The current Tax Rate % is 23.05%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Tax Rate % is 23.05% 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 CHF385.50 is trading 0.7% below its estimated GF Value™ of CHF388.20.

Key valuation signals for XSWX:SPOT:

  • Tax Rate %: 23.05%
  • GF Value™: CHF388.20 vs. price of CHF385.50 (0.7% below fair value)
  • GF Score™: 77/100 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.
77GF Score

Get the complete analysis for XSWX:SPOT

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

CHF385.50
Price
CHF388.20
GF Value