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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Spotify Technology's current 3-Year Share Buyback Ratio was -2.10%.
The historical rank and industry rank for Spotify Technology's 3-Year Share Buyback Ratio or its related term are showing as below:
XSWX:SPOT'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -2.2 Med: -1.8 Max: -0.5
Current: -2.1
During the past 11 years, Spotify Technology's highest 3-Year Share Buyback Ratio was -0.50%. The lowest was -2.20%. And the median was -1.80%.
XSWX:SPOT's 3-Year Share Buyback Ratio is ranked worse than 58.06% of 434
companies
in the Interactive Media industry
Industry Median: -1.1
vs XSWX:SPOT: -2.10
Spotify Technology (XSWX:SPOT) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Spotify Technology 3-Year Share Buyback Ratio Related Terms
XSWX:SPOT vs NBIS, BIDU, RDDT: 3-Year Share Buyback Ratio Comparison
For the Internet Content & Information subindustry, Spotify Technology's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Spotify Technology's 3-Year Share Buyback Ratio falls into.
Spotify Technology 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -2.10 mean?
Spotify Technology (XSWX:SPOT) has a 3-Year Share Buyback Ratio of -2.10 as of Mar. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Spotify Technology and its competitors. According to the industry distribution chart, Spotify Technology ranks #252 out of 434 companies in the Interactive Media industry, placing it in the top 58.1%.
Is Spotify Technology's 3-Year Share Buyback Ratio too high?
Spotify Technology's current 3-Year Share Buyback Ratio is -2.10. Based on the distribution chart, Spotify Technology ranks #252 out of 434 companies in the Interactive Media industry, which is below the industry midpoint. 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 3-Year Share Buyback Ratio compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #252 out of 434 companies for 3-Year Share Buyback Ratio. This places Spotify Technology in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Interactive Media company?
A good 3-Year Share Buyback Ratio depends on the Interactive Media industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Spotify Technology and its competitors. Spotify Technology's current 3-Year Share Buyback Ratio is -2.10. 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 3-Year Share Buyback Ratio of -2.10. The stock's GF Value™ is CHF401.83, compared to a current price of CHF394.50 — trading 1.8% below its estimated fair value. The current 3-Year Share Buyback Ratio is -2.10. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current 3-Year Share Buyback Ratio is -2.10 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 CHF394.50 is trading 1.8% below its estimated GF Value™ of CHF401.83.
Key valuation signals for XSWX:SPOT:
3-Year Share Buyback Ratio: -2.10
GF Value™: CHF401.83 vs. price of CHF394.50 (1.8% below fair value)
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 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
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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