TME · CIK 0001744676

Tencent Music Entertainment Group

Annual figures as reported, FY2015–FY2024. Ratios and growth rates derived on-page.

Revenue

CN¥28.4B

▲ +2.3% vs FY2023

Net income

CN¥7.1B

▲ +36.2% vs FY2023

Free cash flow

CN¥10.0B

▲ +38.8% vs FY2023

Total assets

CN¥90.4B

▲ +19.7% vs FY2023

Revenue

Annual, as reported

Net income

Annual, as reported

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paidBuybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

−3.1%

+2.2%

Net income CAGR

+30.3%

+12.3%

Free cash flow CAGR

+25.1%

+10.3%

Share count change (split-adjusted)

−6.5%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio	Debt / equity
FY2024	42.3%	30.7%	25.0%	35.1%	10.2%	7.9%	2.09×	—
FY2023	35.3%	21.8%	18.8%	25.8%	9.1%	6.9%	2.49×	0.10×
FY2022	31.0%	15.7%	13.5%	26.1%	7.8%	5.7%	2.27×	0.11×
FY2021	30.1%	12.2%	10.3%	16.3%	6.3%	4.8%	2.56×	0.10×
FY2020	31.9%	16.2%	14.3%	16.4%	7.9%	6.1%	3.30×	0.10×
FY2019	34.1%	18.2%	15.6%	24.0%	9.1%	7.5%	3.17×	—
FY2018	38.3%	10.7%	9.6%	29.0%	4.9%	4.1%	3.33×	—
FY2017	34.7%	14.5%	12.0%	22.1%	5.0%	4.4%	2.12×	—
FY2016	28.3%	2.4%	1.9%	19.1%	0.4%	—	—	—
FY2015	—	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2024	CN¥28.4B	CN¥12.0B	CN¥8.7B	CN¥7.1B	—	CN¥10.3B	CN¥319.0M	CN¥90.4B	CN¥20.7B	CN¥69.7B	CN¥13.2B	—
FY2023	CN¥27.8B	CN¥9.8B	CN¥6.1B	CN¥5.2B	—	CN¥7.3B	CN¥165.0M	CN¥75.5B	CN¥18.3B	CN¥57.2B	CN¥13.6B	CN¥5.6B
FY2022	CN¥28.3B	CN¥8.8B	CN¥4.4B	CN¥3.8B	—	CN¥7.5B	CN¥85.0M	CN¥67.0B	CN¥17.9B	CN¥49.1B	CN¥9.6B	CN¥5.5B
FY2021	CN¥31.2B	CN¥9.4B	CN¥3.8B	CN¥3.2B	—	CN¥5.2B	CN¥159.0M	CN¥67.3B	CN¥16.2B	CN¥51.1B	CN¥6.6B	CN¥5.1B
FY2020	CN¥29.2B	CN¥9.3B	CN¥4.7B	CN¥4.2B	—	CN¥4.9B	CN¥108.0M	CN¥68.3B	CN¥15.5B	CN¥52.7B	CN¥11.1B	CN¥5.2B
FY2019	CN¥25.4B	CN¥8.7B	CN¥4.6B	CN¥4.0B	—	CN¥6.2B	CN¥95.0M	CN¥52.7B	CN¥9.0B	CN¥43.7B	CN¥15.4B	—
FY2018	CN¥19.0B	CN¥7.3B	CN¥2.0B	CN¥1.8B	—	CN¥5.6B	CN¥132.0M	CN¥44.6B	CN¥6.8B	CN¥37.8B	CN¥17.4B	—
FY2017	CN¥11.0B	CN¥3.8B	CN¥1.6B	CN¥1.3B	—	CN¥2.5B	CN¥75.0M	CN¥30.0B	CN¥3.9B	CN¥26.1B	CN¥5.2B	—
FY2016	CN¥4.4B	CN¥1.2B	CN¥103.0M	CN¥85.0M	—	CN¥873.0M	CN¥41.0M	—	—	CN¥20.6B	CN¥3.1B	—
FY2015	—	—	—	—	—	—	—	—	—	CN¥456.0M	—	—

Latest filings

the most recent regulatory filings

6-KForeign issuer report2026-06-30 ↗6-KForeign issuer report2026-06-01 ↗DSEC filing2026-06-01 ↗6-KForeign issuer report2026-05-20 ↗6-KFORM 6K2026-05-18 ↗6-KForeign issuer report2026-05-12 ↗6-KForeign issuer report2026-05-06 ↗20-FAnnual report (foreign issuer)2026-04-17 ↗6-KForeign issuer report2026-04-17 ↗6-KForeign issuer report2026-04-14 ↗

Company logos by Elbstream and unavatar.

All third-party trademarks, service marks, logos, and brand names used on this site are the property of their respective owners. The use of these logos is for identification and illustrative purposes only and does not imply any affiliation, sponsorship, or endorsement by the respective owners.

Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

Debt / equity

FY2024

42.3%

30.7%

25.0%

35.1%

10.2%

7.9%

2.09×

—

FY2023

35.3%

21.8%

18.8%

25.8%

9.1%

6.9%

2.49×

0.10×

FY2022

31.0%

15.7%

13.5%

26.1%

7.8%

5.7%

2.27×

0.11×

FY2021

30.1%

12.2%

10.3%

16.3%

6.3%

4.8%

2.56×

0.10×

FY2020

31.9%

16.2%

14.3%

16.4%

7.9%

6.1%

3.30×

0.10×

FY2019

34.1%

18.2%

15.6%

24.0%

9.1%

7.5%

3.17×

—

FY2018

38.3%

10.7%

9.6%

29.0%

4.9%

4.1%

3.33×

—

FY2017

34.7%

14.5%

12.0%

22.1%

5.0%

4.4%

2.12×

—

FY2016

28.3%

2.4%

1.9%

19.1%

0.4%

—

FY2015

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2024

CN¥28.4B

CN¥12.0B

CN¥8.7B

CN¥7.1B

—

CN¥10.3B

CN¥319.0M

CN¥90.4B

CN¥20.7B

CN¥69.7B

CN¥13.2B

—

FY2023

CN¥27.8B

CN¥9.8B

CN¥6.1B

CN¥5.2B

—

CN¥7.3B

CN¥165.0M

CN¥75.5B

CN¥18.3B

CN¥57.2B

CN¥13.6B

CN¥5.6B

FY2022

CN¥28.3B

CN¥8.8B

CN¥4.4B

CN¥3.8B

—

CN¥7.5B

CN¥85.0M

CN¥67.0B

CN¥17.9B

CN¥49.1B

CN¥9.6B

CN¥5.5B

FY2021

CN¥31.2B

CN¥9.4B

CN¥3.8B

CN¥3.2B

—

CN¥5.2B

CN¥159.0M

CN¥67.3B

CN¥16.2B

CN¥51.1B

CN¥6.6B

CN¥5.1B

FY2020

CN¥29.2B

CN¥9.3B

CN¥4.7B

CN¥4.2B

—

CN¥4.9B

CN¥108.0M

CN¥68.3B

CN¥15.5B

CN¥52.7B

CN¥11.1B

CN¥5.2B

FY2019

CN¥25.4B

CN¥8.7B

CN¥4.6B

CN¥4.0B

—

CN¥6.2B

CN¥95.0M

CN¥52.7B

CN¥9.0B

CN¥43.7B

CN¥15.4B

—

FY2018

CN¥19.0B

CN¥7.3B

CN¥2.0B

CN¥1.8B

—

CN¥5.6B

CN¥132.0M

CN¥44.6B

CN¥6.8B

CN¥37.8B

CN¥17.4B

—

FY2017

CN¥11.0B

CN¥3.8B

CN¥1.6B

CN¥1.3B

—

CN¥2.5B

CN¥75.0M

CN¥30.0B

CN¥3.9B

CN¥26.1B

CN¥5.2B

—

FY2016

CN¥4.4B

CN¥1.2B

CN¥103.0M

CN¥85.0M

—

CN¥873.0M

CN¥41.0M

—

CN¥20.6B

CN¥3.1B

—

FY2015

—

CN¥456.0M

—