Tencent Music Entertainment (TCMEF) Payables (2017 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Payables came in at $1.9 billion in Q2 2026, up 92.66% year-over-year from $971.0 million in Q2 2025, and up 109.81% quarter-over-quarter from $891.6 million in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Payables (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Payables across 10 years of filings, most recently posting $1.9 billion for Q2 2026.
- In Q2 2026, Payables rose 92.66% year-over-year to $1.9 billion; the TTM figure through Jun 2026 stood at $1.9 billion (up 92.66% YoY), while the FY2025 annual figure was $899.0 million, down 4.56% from the prior year.
- Payables came in at $1.9 billion for Q2 2026 at Tencent Music Entertainment, up from $891.6 million in the prior quarter.
- In the past five years, Payables ranged from a high of $1.9 billion in Q2 2026 to a low of $7.0 million in Q2 2022.
- Average Payables over 5 years is $793.1 million, with a median of $777.6 million recorded in 2023.
- Year-over-year, Payables tumbled 50.0% in 2022 and surged 10540.83% in 2023.
- Over 5 years, Payables stood at $702.7 million in 2022, then declined by 1.06% to $695.3 million in 2023, then jumped by 37.74% to $957.7 million in 2024, then declined by 7.48% to $886.0 million in 2025, then surged by 111.14% to $1.9 billion in 2026.
- Per Business Quant data, the three most recent Payables figures were $1.9 billion in Q2 2026, $891.6 million in Q1 2026, and $886.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.80 Bn | 311.67 Bn | 6.52 Bn | 3.30 Bn |
| 2 | Spotify Technology | 109.48 Bn | 98.57 Bn | 1.86 Bn | 1.57 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 1.87 Bn |
| 4 | Huya | 471.23 Mn | 110.97 Mn | 37.58 Mn | 70.46 Mn |
| 5 | iQIYI | 404.25 Mn | -66.65 Mn | 152.37 Mn | 1.38 Bn |
| 6 | FuboTV | 315.50 Mn | -136.91 Mn | 399.10 Mn | 56.09 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn | 10.49 Mn |
| 8 | CuriosityStream | 154.19 Mn | 105.79 Mn | 16.93 Mn | 4.32 Mn |
| 9 | LiveOne | 53.37 Mn | 44.71 Mn | 3.94 Mn | 28.51 Mn |
| 10 | Cineverse | 46.51 Mn | 42.19 Mn | 10.66 Mn | 54.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87 Bn |
| Mar 31, 2026 | 891.63 Mn |
| Dec 31, 2025 | 886.00 Mn |
| Sep 30, 2025 | 924.79 Mn |
| Jun 30, 2025 | 971.00 Mn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 957.66 Mn |
| Jun 30, 2024 | 858.93 Mn |
| Mar 31, 2024 | 768.18 Mn |
| Dec 31, 2023 | 695.27 Mn |
| Sep 30, 2023 | 698.16 Mn |
| Jun 30, 2023 | 744.86 Mn |
| Mar 31, 2023 | 777.64 Mn |
| Dec 31, 2022 | 702.74 Mn |
| Sep 30, 2022 | 707.32 Mn |
| Jun 30, 2022 | 7.00 Mn |
| Mar 31, 2022 | 15.00 Mn |
| Dec 31, 2021 | 14.55 Mn |
| Sep 30, 2021 | 14.38 Mn |
| Jun 30, 2021 | 14.00 Mn |