Tencent Music Entertainment (TCMEF) Tax Rate (2017 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Tax Rate came in at 16.81% in Q2 2026, up 49.0% year-over-year from 11.28% in Q2 2025, and up 4.21% quarter-over-quarter from 17.55% in Q1 2026.
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Tencent Music Entertainment (TCMEF) Tax Rate (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Tax Rate across 10 years of filings, most recently posting 16.81% for Q2 2026.
- In Q2 2026, Tax Rate rose 49.0% year-over-year to 16.81%; the TTM figure through Jun 2026 stood at 17.35% (down 322.0% YoY), while the FY2025 annual figure was 14.48%, up 394.0% from the prior year.
- Tax Rate came in at 16.81% for Q2 2026 at Tencent Music Entertainment, up from 17.55% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 9.16% in Q1 2025 to a low of 20.0% in Q1 2024.
- Average Tax Rate over 5 years is 15.14%, with a median of 16.89% recorded in 2024.
- Year-over-year, Tax Rate surged 1084 bps in 2025 and slumped 839 bps in 2026.
- Over 5 years, Tax Rate stood at 12.06% in 2022, then slumped by 45 bps to 17.5% in 2023, then climbed by 3 bps to 16.96% in 2024, then fell by 3 bps to 17.42% in 2025, then advanced by 4 bps to 16.81% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 16.81% in Q2 2026, 17.55% in Q1 2026, and 17.42% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.52 Bn | 311.40 Bn | 6.52 Bn | 16.40% |
| 2 | Spotify Technology | 109.02 Bn | 98.11 Bn | 1.86 Bn | 24.31% |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | -16.81% |
| 4 | Huya | 481.71 Mn | 121.45 Mn | 37.58 Mn | -116.02% |
| 5 | iQIYI | 411.89 Mn | -59.00 Mn | 152.37 Mn | 199.35% |
| 6 | FuboTV | 318.70 Mn | -133.71 Mn | 399.10 Mn | 0.66% |
| 7 | Kaltura | 218.42 Mn | 187.12 Mn | 34.54 Mn | -79.71% |
| 8 | CuriosityStream | 154.49 Mn | 106.09 Mn | 16.93 Mn | 4.66% |
| 9 | LiveOne | 49.12 Mn | 40.47 Mn | 3.94 Mn | -0.26% |
| 10 | Cineverse | 46.51 Mn | 42.19 Mn | 10.66 Mn | -0.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.81% |
| Mar 31, 2026 | -17.55% |
| Dec 31, 2025 | -17.42% |
| Sep 30, 2025 | -17.72% |
| Jun 30, 2025 | -17.31% |
| Mar 31, 2025 | -9.16% |
| Dec 31, 2024 | -16.96% |
| Sep 30, 2024 | -17.68% |
| Jun 30, 2024 | -19.28% |
| Mar 31, 2024 | -20.00% |
| Dec 31, 2023 | -17.50% |
| Sep 30, 2023 | -12.18% |
| Jun 30, 2023 | -12.26% |
| Mar 31, 2023 | -12.06% |
| Dec 31, 2022 | -12.06% |
| Sep 30, 2022 | -12.00% |
| Jun 30, 2022 | -12.50% |
| Mar 31, 2022 | -11.97% |
| Dec 31, 2021 | -11.76% |
| Sep 30, 2021 | -11.59% |