Tencent Music Entertainment TCMEF
NYSE TCMEF
$4.45 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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