Nebius Group N.V. (NBIS) vs Spotify Technology S.A. (SPOT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Nebius Group N.V. (NBIS) has outperformed Spotify Technology S.A. (SPOT) over the past year, gaining 100.3% versus a loss of 24.6%. Spotify Technology S.A. is the larger company by market cap ($105.45 billion vs $64.47 billion), about 1.6 times the size. On valuation, Spotify Technology S.A. trades at a lower trailing P/E (29.5x vs 185.3x for Nebius Group N.V.).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NBIS | SPOT |
|---|---|---|
| Share price | $237.15 | $512.92 |
| Market cap | $64.47B | $105.45B |
| 1-day change | -5.09% | +5.08% |
| YTD return | +181.66% | -11.69% |
| 1-year return | +100.31% | -24.63% |
| 5-year return | — | +107.28% |
| P/E ratio (TTM) | 185.27 | 29.48 |
| Forward P/E | — | 29.62 |
| EPS (TTM) | $1.28 | $17.40 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $529.80M | — |
| Revenue growth (YoY) | +479.02% | — |
| Net income (latest FY) | $82.50M | — |
| Gross margin | 68.63% | — |
| Operating margin | -115.46% | — |
| Net margin | 15.57% | — |
| 52-week high | $299.86 | $700.12 |
| 52-week low | $73.52 | $405.00 |
| Distance from 52-week high | -20.91% | -26.74% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.14% | +15.84% |
| Average volume | 20.07M | 1.66M |
| Shares outstanding | 238.40M | 205.58M |
| Employees | 1,543 | 7,000 |
| Sector | Technology | Consumer Discretionary |
| Industry | Computer Software: Programming Data Processing | Broadcasting |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NBIS has outperformed SPOT by 124.9 percentage points over the past year.
- Nebius Group N.V. trades at a higher earnings multiple (185.3x vs 29.5x trailing P/E).
- The two companies sit in different sectors: Nebius Group N.V. in Technology and Spotify Technology S.A. in Consumer Discretionary.
About Nebius Group N.V.
NBIS stock →Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers.
Technology · Computer Software: Programming Data Processing · 1,543 employees
About Spotify Technology S.A.
SPOT stock →Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported.
Consumer Discretionary · Broadcasting · 7,000 employees
NBIS vs SPOT FAQ
Which is bigger, Nebius Group N.V. or Spotify Technology S.A.?
Spotify Technology S.A. (SPOT) is larger, with a market capitalization of $105.45B compared with $64.47B for Nebius Group N.V. (NBIS).
Which stock has performed better over the past year, NBIS or SPOT?
NBIS returned +100.31% over the past 12 months, compared with -24.63% for SPOT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NBIS or SPOT?
SPOT has the lower trailing P/E at 29.5, versus 185.3 for NBIS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Nebius Group N.V. and Spotify Technology S.A. in the same industry?
No. Nebius Group N.V. is in the Technology sector, while Spotify Technology S.A. is in Consumer Discretionary.