Tencent Music Entertainment (TCMEF) Operating Margin (2016 - 2022)

Tencent Music Entertainment has disclosed Operating Margin across 5 years of filings, most recently posting 14.9% for Q2 2022.

• In Q2 2022, Operating Margin rose 199.0% year-over-year to 14.9%; the TTM figure through Jun 2022 stood at 11.54% (down 492.0% YoY), while the FY2025 annual figure was 41.19%, up 1102.0% from the prior year.
• Operating Margin came in at 14.9% for Q2 2022 at Tencent Music Entertainment, up from 11.27% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 22.67% in Q1 2018 to a low of 18.06% in Q4 2018.
• Average Operating Margin over 4 years is 14.64%, with a median of 17.48% recorded in 2019.
• The largest YoY upside for Operating Margin was 3478 bps in 2019 against a maximum downside of 412 bps in 2019.
• Over 4 years, Operating Margin stood at 18.06% in 2018, then soared by 193 bps to 16.72% in 2019, then fell by 23 bps to 12.91% in 2021, then climbed by 15 bps to 14.9% in 2022.
• Per Business Quant data, the three most recent Operating Margin figures were 14.9% in Q2 2022, 11.27% in Q1 2022, and 12.91% in Q2 2021.