TME
Tencent Music Entertainment Group
NYSE: TME · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
$9.17
+1.66% today
Updated 2026-04-30
Market cap
$14.21B
P/E ratio
8.67
P/S ratio
0.43x
EPS (TTM)
$1.04
Dividend yield
2.66%
52W range
$9 – $26
Volume
10.3M
Tencent Music Entertainment Group (TME) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.36B | $10.98B | $18.98B | $25.43B | $29.15B | $31.24B | $28.34B | $27.75B | $28.40B | $32.01B |
| Revenue growth (YoY) | — | +151.8% | +72.9% | +34.0% | +14.6% | +7.2% | -9.3% | -2.1% | +2.3% | +12.7% |
| Cost of revenue | $3.13B | $7.17B | $11.71B | $16.76B | $19.85B | $21.84B | $19.57B | $17.96B | $16.38B | $13.76B |
| Gross profit | $1.23B | $3.81B | $7.28B | $8.67B | $9.30B | $9.40B | $8.77B | $9.79B | $12.03B | $18.24B |
| Gross margin | 28.3% | 34.7% | 38.3% | 34.1% | 31.9% | 30.1% | 31.0% | 35.3% | 42.3% | 57.0% |
| R&D | $449.00M | $797.00M | $937.00M | $1.16B | $1.67B | $2.34B | $2.58B | $2.52B | $2.28B | $2.32B |
| SG&A | $783.00M | $1.52B | $2.26B | $2.70B | $3.10B | $4.01B | $4.41B | $4.12B | $3.81B | $1.60B |
| Operating income | $103.00M | $1.59B | $2.04B | $4.62B | $4.71B | $3.80B | $4.44B | $6.06B | $8.71B | $13.14B |
| Operating margin | 2.4% | 14.5% | 10.7% | 18.2% | 16.2% | 12.2% | 15.7% | 21.8% | 30.7% | 41.1% |
| EBITDA | $329.00M | $1.98B | $2.41B | $4.61B | $5.55B | $4.75B | $5.65B | $5.72B | $9.81B | $14.77B |
| EBITDA margin | 7.5% | 18.0% | 12.7% | 18.1% | 19.1% | 15.2% | 19.9% | 20.6% | 34.6% | 46.2% |
| EBIT | $93.00M | $1.60B | $2.04B | $4.09B | $4.73B | $3.75B | $4.49B | $5.00B | $8.84B | $13.40B |
| Interest expense | $0.00 | $0.00 | $35.00M | $64.00M | $97.00M | $121.00M | $115.00M | $124.00M | $124.00M | $125.48M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $82.00M | $1.33B | $1.83B | $3.98B | $4.16B | $3.03B | $3.68B | $4.92B | $6.64B | $10.75B |
| Net income growth (YoY) | — | +1517.1% | +38.2% | +117.2% | +4.3% | -27.1% | +21.4% | +33.8% | +35.0% | +61.9% |
| Profit margin | 1.9% | 12.1% | 9.7% | 15.7% | 14.3% | 9.7% | 13.0% | 17.7% | 23.4% | 33.6% |