T 
Tencent Music Entertainment Group TME · USD
Communication Services · US listing · 🇺🇸 United States
9.38
-1.88%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥32.90bn
FY2016FY2025
Net income
CN¥11.06bn
FY2016FY2025
Free cash flow
CN¥9.86bn
FY2016FY2025
Shareholders' equity
CN¥80.34bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥32.90bn | CN¥28.40bn | CN¥27.75bn | CN¥28.34bn | CN¥31.24bn | CN¥29.15bn | CN¥25.43bn | CN¥18.98bn | CN¥10.98bn | CN¥4.36bn |
| Gross profit | CN¥14.54bn | CN¥12.03bn | CN¥9.79bn | CN¥8.77bn | CN¥9.40bn | CN¥9.30bn | CN¥8.67bn | CN¥7.28bn | CN¥3.81bn | CN¥1.23bn |
| Research and development | CN¥2.32bn | CN¥2.28bn | CN¥2.52bn | CN¥2.58bn | CN¥2.34bn | CN¥1.67bn | CN¥1.16bn | CN¥937.0m | CN¥797.0m | CN¥449.0m |
| Operating income | CN¥9.74bn | CN¥8.71bn | CN¥6.06bn | CN¥4.44bn | CN¥3.80bn | CN¥4.71bn | CN¥4.62bn | CN¥2.04bn | CN¥1.59bn | CN¥103.0m |
| Net income | CN¥11.06bn | CN¥6.64bn | CN¥4.92bn | CN¥3.68bn | CN¥3.03bn | CN¥4.16bn | CN¥3.98bn | CN¥1.83bn | CN¥1.33bn | CN¥82.0m |
| Diluted earnings per share | 7.11 | 4.27 | 3.13 | 2.32 | 1.83 | 2.47 | 2.37 | 1.17 | 0.81 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥102.59bn | CN¥90.44bn | CN¥75.54bn | CN¥67.01bn | CN¥67.25bn | CN¥68.27bn | CN¥7.56bn | CN¥44.60bn | CN¥30.00bn | CN¥23.54bn |
| Cash and short-term investments | CN¥24.35bn | CN¥27.21bn | CN¥23.54bn | CN¥20.88bn | CN¥20.43bn | CN¥26.02bn | CN¥3.23bn | CN¥17.44bn | CN¥5.17bn | CN¥3.33bn |
| Total liabilities | CN¥19.48bn | CN¥20.72bn | CN¥18.33bn | CN¥17.88bn | CN¥16.20bn | CN¥15.54bn | CN¥1.29bn | CN¥6.83bn | CN¥3.85bn | CN¥2.90bn |
| Debt | CN¥3.82bn | CN¥6.05bn | CN¥6.05bn | CN¥5.96bn | CN¥5.36bn | CN¥5.50bn | CN¥21.1m | CN¥338.0m | CN¥229.0m | CN¥74.0m |
| Shareholders' equity | CN¥80.34bn | CN¥67.86bn | CN¥55.91bn | CN¥48.10bn | CN¥50.32bn | CN¥52.24bn | CN¥6.26bn | CN¥37.77bn | CN¥26.15bn | CN¥20.63bn |
| Shares outstanding | 1,554m | 1,556m | 1,573m | 1,583m | 1,651m | 1,682m | 1,678m | 1,563m | 1,635m | 1,375m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥10.16bn | CN¥10.28bn | CN¥7.34bn | CN¥7.48bn | CN¥5.24bn | CN¥4.88bn | CN¥6.20bn | CN¥5.63bn | CN¥2.50bn | CN¥873.0m |
| Capital spending | −CN¥296.7m | −CN¥1.03bn | −CN¥1.16bn | −CN¥1.05bn | −CN¥2.76bn | −CN¥501.0m | −CN¥286.0m | −CN¥144.0m | −CN¥77.0m | −CN¥41.0m |
| Free cash flow | CN¥9.86bn | CN¥9.24bn | CN¥6.17bn | CN¥6.43bn | CN¥2.48bn | CN¥4.38bn | CN¥5.91bn | CN¥5.49bn | CN¥2.42bn | CN¥832.0m |
| Dividends paid | −CN¥1.93bn | −CN¥1.51bn | — | −CN¥74.0m | −CN¥106.0m | — | −CN¥127.0m | −CN¥19.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.93bn | CN¥7.85bn | CN¥7.74bn | CN¥8.46bn | CN¥8.44bn | CN¥7.36bn | CN¥7.46bn | CN¥7.01bn |
| Gross profit | CN¥3.95bn | CN¥3.52bn | CN¥7.57bn | CN¥3.68bn | CN¥3.75bn | CN¥3.24bn | CN¥3.25bn | CN¥2.99bn |
| Operating income | CN¥3.04bn | CN¥2.32bn | CN¥2.62bn | CN¥2.71bn | CN¥2.98bn | CN¥4.84bn | CN¥2.41bn | CN¥2.14bn |
| Net income | CN¥2.47bn | CN¥2.08bn | CN¥1.90bn | CN¥2.15bn | CN¥2.41bn | CN¥4.29bn | CN¥1.96bn | CN¥1.58bn |
| Diluted earnings per share | 1.59 | 1.34 | 1.22 | 1.39 | 1.55 | 2.76 | 1.26 | 1.02 |
| Cash from operations | CN¥2.86bn | CN¥2.33bn | CN¥15.68bn | CN¥3.68bn | CN¥1.64bn | CN¥2.52bn | CN¥2.48bn | CN¥2.17bn |
| Capital spending | — | −CN¥2.34bn | −CN¥15.68bn | — | — | −CN¥319.0m | — | — |
| Free cash flow | — | −CN¥6.0m | CN¥0 | — | — | CN¥2.20bn | — | — |
| Total assets | CN¥116.95bn | CN¥99.48bn | CN¥102.59bn | CN¥104.87bn | CN¥107.87bn | CN¥98.08bn | CN¥90.44bn | CN¥84.61bn |
| Cash and short-term investments | CN¥30.65bn | CN¥26.66bn | CN¥24.35bn | CN¥22.32bn | CN¥22.20bn | CN¥26.69bn | CN¥27.21bn | CN¥28.56bn |
| Debt | CN¥16.67bn | CN¥4.65bn | CN¥3.61bn | CN¥3.64bn | CN¥6.04bn | CN¥6.08bn | CN¥3.90bn | CN¥5.92bn |
| Shareholders' equity | CN¥78.27bn | CN¥74.06bn | CN¥80.34bn | CN¥82.75bn | CN¥83.88bn | CN¥73.24bn | CN¥67.86bn | CN¥63.48bn |
Financial ratios
Data as of 8 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 44.2% | 42.3% | 35.3% | 31.0% | 30.1% | 31.9% |
| Operating margin | 29.6% | 30.7% | 21.8% | 15.7% | 12.2% | 16.2% |
| Net margin | 33.6% | 23.4% | 17.7% | 13.0% | 9.7% | 14.3% |
| Return on equity | 13.8% | 9.8% | 8.8% | 7.6% | 6.0% | 8.0% |
| Return on assets | 10.8% | 7.3% | 6.5% | 5.5% | 4.5% | 6.1% |
| Free cash flow yield | 81.4% | 88.0% | 65.4% | 65.3% | 58.6% | 38.8% |
| Revenue growth | 15.8% | 2.3% | -2.1% | -9.3% | 7.2% | 14.6% |
| Earnings growth | 66.4% | 35.0% | 33.8% | 21.4% | -27.1% | 4.3% |
| Current ratio | 2.22x | 2.09x | 2.49x | 2.27x | 2.56x | 3.30x |
| Debt to equity | 0.04x | 0.09x | 0.10x | 0.12x | 0.10x | 0.10x |
| Equity ratio | 78.3% | 75.0% | 74.0% | 71.8% | 74.8% | 76.5% |
| Interest coverage | 79.81x | 70.24x | 48.86x | 38.63x | 31.40x | 48.56x |
| R&D as a share of sales | 7.0% | 8.0% | 9.1% | 9.1% | 7.5% | 5.7% |
| Buybacks as a share of market value | 0.1% | 1.1% | 0.6% | 4.1% | 1.9% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.1% | 2.5% | — |
| Operating income | 29.9% | 15.6% | — |
| Net income | 44.3% | 21.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.3% | 38.4% | 35.9% | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 17.3 |
| Price to sales | 5.8 |
Market value over time
31 Dec 2018 to 4 Sept 2026, in CNY
CN¥20.66bnCN¥12.85bn
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 52% |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 3 Apr 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.18 | 0.137 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.