Tencent Music Entertainment (TCMEF) Tax Rate (2017 - 2026)
Tencent Music Entertainment recorded quarterly Tax Rate of 17.55% in Q1 2026, down 0.74% quarter-over-quarter from 17.42% in Q4 2025, and down 839.0% year-over-year from 2.38% in Q1 2025.
Tencent Music Entertainment's Tax Rate history runs 10 years deep, the most recent figure standing at 17.55% for Q1 2026.
- In Q1 2026, Tax Rate fell 839.0% year-over-year to 17.55%; the TTM figure through Mar 2026 stood at 17.5% (down 320.0% YoY), while the FY2025 annual figure was 14.48%, up 394.0% from the prior year.
- Tax Rate came in at 17.55% for Q1 2026 at Tencent Music Entertainment, down from 17.42% 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.
- A 5-year average of 15.04% and a median of 16.96% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 1084 bps in 2025 and slumped 839 bps in 2026, its largest moves.
- Tencent Music Entertainment's Tax Rate stood at 12.06% in 2022, then tumbled by 45 bps to 17.5% in 2023, then grew by 3 bps to 16.96% in 2024, then retreated by 3 bps to 17.42% in 2025, then fell by 1 bps to 17.55% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 17.55%, 17.42%, and 17.72% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 19.16 |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | -23.08 |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | - |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 0.85 | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | -0.94 |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -15.89 | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | -20.98 |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -3.73 |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 16.81 |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn | -17.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -17.55 |
| Mar 31, 2026 | -17.55 |
| Dec 31, 2025 | -17.42 |
| Dec 31, 2025 | -17.42 |
| Sep 30, 2025 | -17.72 |
| Sep 30, 2025 | -17.72 |
| Jun 30, 2025 | -17.31 |
| Jun 30, 2025 | -17.31 |
| Mar 31, 2025 | -9.16 |
| Mar 31, 2025 | -9.16 |
| Dec 31, 2024 | -16.96 |
| Dec 31, 2024 | -16.96 |
| Sep 30, 2024 | -17.68 |
| Sep 30, 2024 | -17.68 |
| Jun 30, 2024 | -19.28 |
| Jun 30, 2024 | -19.28 |
| Mar 31, 2024 | -20.00 |
| Mar 31, 2024 | -20.00 |
| Dec 31, 2023 | -17.50 |
| Dec 31, 2023 | -17.50 |
| Sep 30, 2023 | -12.18 |
| Sep 30, 2023 | -12.18 |
| Jun 30, 2023 | -12.26 |
| Jun 30, 2023 | -12.26 |
| Mar 31, 2023 | -12.06 |
| Mar 31, 2023 | -12.06 |
| Dec 31, 2022 | -12.06 |
| Dec 31, 2022 | -12.06 |
| Sep 30, 2022 | -12.00 |
| Sep 30, 2022 | -12.00 |
| Jun 30, 2022 | -12.50 |
| Jun 30, 2022 | -12.50 |
| Mar 31, 2022 | -11.97 |
| Mar 31, 2022 | -11.97 |
| Dec 31, 2021 | -11.76 |
| Dec 31, 2021 | -11.76 |
| Sep 30, 2021 | -11.59 |
| Sep 30, 2021 | -11.59 |
| Jun 30, 2021 | -11.84 |
| Jun 30, 2021 | -11.84 |
| Mar 31, 2021 | -11.24 |
| Mar 31, 2021 | -11.24 |
| Dec 31, 2020 | -5.58 |
| Dec 31, 2020 | -5.58 |
| Sep 30, 2020 | -9.24 |
| Sep 30, 2020 | -9.24 |
| Jun 30, 2020 | -13.07 |
| Jun 30, 2020 | -13.07 |
| Mar 31, 2020 | -12.59 |
| Mar 31, 2020 | -12.59 |
| Dec 31, 2019 | -12.28 |
| Dec 31, 2019 | -12.28 |
| Sep 30, 2019 | -12.27 |
| Sep 30, 2019 | -12.27 |
| Jun 30, 2019 | -12.34 |
| Jun 30, 2019 | -12.34 |
| Mar 31, 2019 | -12.50 |
| Mar 31, 2019 | -12.50 |
| Dec 31, 2018 | -9.93 |
| Dec 31, 2018 | -9.93 |
| Sep 30, 2018 | -8.10 |
| Sep 30, 2018 | -8.10 |
| Jun 30, 2018 | -9.52 |
| Jun 30, 2018 | -9.52 |
| Mar 31, 2018 | -9.19 |
| Mar 31, 2018 | -9.19 |
| Dec 31, 2017 | -17.47 |
| Dec 31, 2017 | -17.47 |