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Tencent Music Entertainment Group (TME) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · DATA UPDATED 2026-09-12

Tencent Music Entertainment Group (TME) operates in the INTERNET CONTENT & INFORMATION industry and is headquartered in Shenzhen, China with about 5,690 employees. Its market capitalization is roughly $13 billion. In the fiscal year ended 2025-12-31, TME reported CNY 32.9B in revenue and CNY 11.1B in net income.

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.

Interactive charts & full statements → Open the TME valuation workbench →

TME Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Total Revenue	CNY 33.0B	CNY 32.9B	CNY 28.4B	CNY 27.8B	CNY 28.3B	CNY 31.2B	CNY 29.2B	CNY 25.4B	CNY 19.0B	CNY 11.0B	CNY 4.4B
Gross Profit	CNY 18.7B	CNY 14.5B	CNY 12.0B	CNY 9.8B	CNY 8.8B	CNY 9.4B	CNY 9.3B	CNY 8.7B	CNY 7.3B	CNY 3.8B	CNY 1.2B
Gross Margin %	56.8%	44.2%	42.3%	35.3%	31.0%	30.1%	31.9%	34.1%	38.3%	34.7%	28.2%
Operating Income (EBIT)	CNY 10.7B	CNY 9.7B	CNY 8.7B	CNY 6.1B	CNY 4.4B	CNY 3.8B	CNY 4.7B	CNY 4.6B	CNY 2.0B	CNY 1.6B	CNY 103M
Operating Margin %	32.4%	29.6%	30.7%	21.8%	15.7%	12.2%	16.2%	18.2%	10.7%	14.5%	2.4%
Net Income	CNY 8.6B	CNY 11.1B	CNY 6.6B	CNY 4.9B	CNY 3.7B	CNY 3.0B	CNY 4.2B	CNY 4.0B	CNY 1.8B	CNY 1.3B	CNY 82M
Net Margin %	26.1%	33.6%	23.4%	17.7%	13.0%	9.7%	14.2%	15.7%	9.7%	12.1%	1.9%
EBITDA	CNY 14.9B	CNY 14.8B	CNY 9.8B	CNY 5.7B	CNY 5.6B	CNY 4.8B	CNY 5.6B	CNY 4.6B	CNY 2.4B	CNY 2.0B	CNY 329M
Earnings Per Share (EPS)	CNY 5.53	CNY 7.11	CNY 4.24	CNY 3.11	CNY 2.27	CNY 1.80	CNY 2.47	CNY 2.38	CNY 1.16	CNY 0.81	CNY 0.05
Shares Outstanding (M)	1,556M	1,554M	1,565M	1,584M	1,617M	1,682M	1,680M	1,674M	1,580M	1,636M	1,636M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TME Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	CNY 8.9B	CNY 7.8B	CNY 7.7B	CNY 8.5B	CNY 8.4B	CNY 7.4B	CNY 7.5B	CNY 7.0B
Gross Profit	CNY 3.9B	CNY 3.5B	CNY 7.6B	CNY 3.7B	CNY 3.7B	CNY 3.2B	CNY 3.3B	CNY 3.0B
Gross Margin %	44.2%	44.9%	97.7%	43.5%	44.4%	44.1%	43.6%	42.6%
Operating Income (EBIT)	CNY 3.0B	CNY 2.3B	CNY 2.6B	CNY 2.7B	CNY 3.0B	CNY 4.8B	CNY 2.4B	CNY 2.1B
Operating Margin %	34.0%	29.6%	33.8%	32.0%	35.3%	65.7%	32.3%	30.6%
Net Income	CNY 2.5B	CNY 2.1B	CNY 1.9B	CNY 2.2B	CNY 2.4B	CNY 4.3B	CNY 2.0B	CNY 1.6B
Net Margin %	27.7%	26.5%	24.6%	25.4%	28.5%	58.3%	26.2%	22.6%
EBITDA	CNY 3.1B	CNY 2.7B	CNY 6.4B	CNY 2.6B	CNY 3.2B	CNY 2.3B	CNY 2.3B	CNY 2.0B
Earnings Per Share (EPS)	CNY 1.59	CNY 1.34	CNY 1.22	CNY 1.38	CNY 1.55	CNY 2.77	CNY 1.26	CNY 1.01
Shares Outstanding (M)	1,556M	1,556M	1,554M	1,559M	1,551M	1,547M	1,556M	1,567M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TME Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Cash from Operations (CFO)	CNY 11.2B	CNY 10.2B	CNY 10.3B	CNY 7.3B	CNY 7.5B	CNY 5.2B	CNY 4.9B	CNY 6.2B	CNY 5.6B	CNY 2.5B	CNY 873M
Capital Expenditures (CapEx)	CNY 4.7B	CNY 297M	CNY 1.0B	CNY 1.2B	CNY 1.1B	CNY 2.8B	CNY 501M	CNY 286M	CNY 144M	CNY 77M	CNY 41M
Free Cash Flow (FCF)	CNY 6.5B	CNY 9.9B	CNY 9.2B	CNY 6.2B	CNY 6.4B	CNY 2.5B	CNY 4.4B	CNY 5.9B	CNY 5.5B	CNY 2.4B	CNY 832M
FCF Margin %	19.8%	30.0%	32.5%	22.2%	22.7%	7.9%	15.0%	23.2%	28.9%	22.1%	19.1%
Dividends Paid	—	CNY 1.9B	CNY 1.5B	CNY 0M	CNY 74M	CNY 106M	CNY 0M	CNY 127M	CNY 19M	CNY 0M	CNY 0M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TME Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	CNY 2.9B	CNY 2.3B	CNY 2.3B	CNY 3.7B	CNY 1.6B	CNY 2.5B	CNY 2.5B	CNY 2.2B
Capital Expenditures (CapEx)	CNY 0M	CNY 2.3B	CNY 2.3B	CNY 0M	CNY 0M	CNY 319M	CNY 0M	CNY 0M
Free Cash Flow (FCF)	CNY 2.9B	(CNY 7M)	CNY 0M	CNY 3.7B	CNY 1.6B	CNY 2.2B	CNY 2.5B	CNY 2.2B
FCF Margin %	32.1%	-0.1%	0.0%	43.5%	19.4%	29.9%	33.2%	30.9%
Dividends Paid	—	—	—	—	—	CNY 1.5B	—	—

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TME Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Total Assets	CNY 116.9B	CNY 102.6B	CNY 90.4B	CNY 75.5B	CNY 67.0B	CNY 67.3B	CNY 68.3B	CNY 7.6B	CNY 44.6B	CNY 30.0B	CNY 23.5B
Cash & Cash Equivalents	CNY 23.7B	CNY 8.5B	CNY 13.2B	CNY 13.6B	CNY 9.6B	CNY 6.6B	CNY 11.1B	CNY 2.2B	CNY 17.4B	CNY 5.2B	CNY 3.1B
Total Liabilities	CNY 35.9B	CNY 19.5B	CNY 20.7B	CNY 18.3B	CNY 17.9B	CNY 16.2B	CNY 15.5B	CNY 1.3B	CNY 6.8B	CNY 3.9B	CNY 2.9B
Total Debt (Short + Long-Term)	CNY 16.7B	CNY 3.6B	CNY 5.8B	CNY 5.8B	CNY 5.7B	CNY 5.2B	CNY 5.3B	CNY 10M	CNY 338M	CNY 229M	CNY 74M
Total Shareholders' Equity	CNY 78.3B	CNY 80.3B	CNY 67.9B	CNY 55.9B	CNY 48.1B	CNY 50.3B	CNY 52.2B	CNY 6.3B	CNY 37.8B	CNY 26.1B	CNY 20.6B

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TME viewer.

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