Tencent Music Entertainment (TME) Free Cash Flow (2017 - 2026)
Tencent Music Entertainment's Free Cash Flow came in at $422 million for Q2 2026, up 84.3% from $229 million a year earlier and up 25.3% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Free Cash Flow (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tencent Music Entertainment reported Free Cash Flow of $1.62 billion, up 32.6% year-over-year; for FY2025, it was $1.51 billion, up 3.7% from FY2024.
- Free Cash Flow carries a five-year compound annual growth rate of 14.5% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $1.45 billion in FY2024 (+37.5%), $1.06 billion in FY2023 (-3.7%), $1.1 billion in FY2022 (+29.9%) and $844.3 million in FY2021 (+10.3%).
- The five-year range for quarterly Free Cash Flow is $129 million (Q4 2021) to $514.58 million (Q3 2025).
- Year-over-year, Free Cash Flow increased in five of the last eight quarters, with growth averaging 21.9%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q3 2021 (growth of 224.4%), and the weakest in Q4 2021 (a decline of 54.9%).
- Business Quant data shows TME's Free Cash Flow at $336.67 million (Q1 2026), $342 million (Q4 2025) and $514.58 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | -5.86 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 1.75 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.53 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 13.31 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 654.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 2.79 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 3.64 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 3.77 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 971.73 Mn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 420.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 420.61 Mn |
| Mar 31, 2026 | 336.67 Mn |
| Dec 31, 2025 | 337.11 Mn |
| Sep 30, 2025 | 514.58 Mn |
| Jun 30, 2025 | 226.46 Mn |
| Mar 31, 2025 | 346.53 Mn |
| Dec 31, 2024 | 345.25 Mn |
| Sep 30, 2024 | 302.08 Mn |
| Jun 30, 2024 | 406.67 Mn |
| Mar 31, 2024 | 375.63 Mn |
| Dec 31, 2023 | 274.58 Mn |
| Sep 30, 2023 | 199.22 Mn |
| Jun 30, 2023 | 295.12 Mn |
| Mar 31, 2023 | 270.71 Mn |
| Dec 31, 2022 | 350.67 Mn |
| Sep 30, 2022 | 183.04 Mn |
| Jun 30, 2022 | 191.99 Mn |
| Mar 31, 2022 | 395.79 Mn |
| Dec 31, 2021 | 128.57 Mn |
| Sep 30, 2021 | 246.56 Mn |
API Access
Tencent Music Entertainment Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "TME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();