Tencent Music Entertainment (TME) FCF Payout Ratio (2018 - 2026)
Tencent Music Entertainment (TME) posted FCF Payout Ratio of 7.93 for Q1 2026, up 307.43% sequentially from 3.82 in Q4 2025, and up 66.08% YoY from 4.78 in Q1 2025.
Tencent Music Entertainment (TME) FCF Payout Ratio (2018 - 2026) Analysis & Trends
Tencent Music Entertainment has reported FCF Payout Ratio for 9 years, with the latest figure at 7.93 in Q1 2026.
- Quarterly FCF Payout Ratio rose 66.08% year-over-year to 7.93 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.15 (up 23.81% YoY) and the FY2025 annual result came in at 0.2, up 27.76% from the prior year.
- FCF Payout Ratio rose to 7.93 in Q1 2026 per TME's latest filing, from 3.82 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 8.52 in Q3 2023 and troughed at 6.16 in Q4 2023.
- A 5-year average of 3.01 and a median of 4.15 in 2024 frame the typical range for FCF Payout Ratio.
- The sharpest annual moves came in 2022 and 2023: FCF Payout Ratio sank 141.25% in 2022, then surged 369.17% in 2023.
- Over 5 years, FCF Payout Ratio stood at 3.31 in 2022, then slumped by 86.46% to 6.16 in 2023, then soared by 42.21% to 3.56 in 2024, then fell by 7.31% to 3.82 in 2025, then jumped by 307.43% to 7.93 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 7.93, 3.82, and 3.07 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,206.86 Bn | 3,777.82 Bn | 73.85 Bn | -0.22 |
| 2 | Meta Platforms | 1,538.10 Bn | 1,447.84 Bn | 49.47 Bn | 0.77 |
| 3 | Taboola.com | 1,136.28 Bn | 1,136.15 Bn | 139.48 Mn | - |
| 4 | Baidu | 289.19 Bn | 284.70 Bn | 1.88 Mn | - |
| 5 | Spotify Technology | 102.90 Bn | 92.66 Bn | 1.75 Bn | - |
| 6 | Joyy | 77.62 Bn | 76.74 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.31 Bn | 39.68 Bn | 295.20 Mn | 1.97 |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | - | |
| 10 | Tencent Music Entertainment | 26.96 Bn | 24.26 Bn | 514.00 Mn | 7.93 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.93 |
| Dec 31, 2025 | -3.82 |
| Sep 30, 2025 | 3.07 |
| Jun 30, 2025 | 6.78 |
| Mar 31, 2025 | 4.78 |
| Dec 31, 2024 | -3.56 |
| Sep 30, 2024 | 4.72 |
| Jun 30, 2024 | 4.15 |
| Mar 31, 2024 | 3.80 |
| Dec 31, 2023 | -6.16 |
| Sep 30, 2023 | 8.52 |
| Jun 30, 2023 | 6.27 |
| Mar 31, 2023 | 6.54 |
| Dec 31, 2022 | -3.31 |
| Sep 30, 2022 | 6.85 |
| Jun 30, 2022 | 1.34 |
| Mar 31, 2022 | 3.33 |
| Dec 31, 2021 | 8.02 |
| Sep 30, 2021 | 3.18 |
| Jun 30, 2021 | 6.88 |