TMENYSERadio Broadcasting StationsFiscal year ends December 31Also trades as TCMEF

Tencent Music Entertainment Group

Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 17, 2026

$8.67+0.04 (+0.46%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2016 to 2024

42.3%+8.2 pts over 5 years

30.7%+12.5 pts over 5 years

23.4%+7.7 pts over 5 years

Compound annual growth to fiscal 2024

Per year	1 year	3 years	5 years	10 years
Revenue	+2.3%	-3.1%	+2.2%	–
Gross profit	+22.8%	+8.5%	+6.8%	–
Operating income	+43.8%	+31.8%	+13.5%	–
Net income	+35.0%	+29.9%	+10.8%	–
Free cash flow	+38.8%	+25.1%	+10.3%	–

9 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2019	FY2024
Return on equity	–	9.8%	10.7%
Return on assets	–	8.2%	8.0%
Current ratio	–	3.17	2.09
Interest coverage	–	72.2×	92.7×
Inventory turnover	–	549.5×	1056.5×
Capex to revenue	0.9%	0.4%	1.1%
Diluted shares	1.90B	3.35B	3.13B

Return on equity split into margin, efficiency and leverage

Net margin23.4%

Asset turnover0.34×

Equity multiplier1.34×

Return on equity, FY202410.7%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2024	23.4%	0.34×	1.34×	10.7%
FY2023	17.7%	0.39×	1.37×	9.5%
FY2022	13.0%	0.42×	1.36×	7.5%
FY2021	9.7%	0.46×	1.32×	5.9%
FY2020	14.3%	0.48×	1.26×	8.7%
FY2019	15.7%	0.52×	1.20×	9.8%
FY2018	9.7%	0.51×	1.17×	5.7%

Parsed from the XBRL in Tencent Music Entertainment's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is TME.

Revenue growth2.3% · median 1.8%

Operating margin30.7% · median 11.3%

Net margin23.4% · median 1.6%

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