Tencent Music Entertainment (TME) Gross Margin (2017 - 2026)
Tencent Music Entertainment (TME) recorded Gross Margin of 44.79% in FY2025, up 3.14 percentage points from 41.66% in FY2024.
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Analysis
Tencent Music Entertainment (TME) Gross Margin (2017 - 2026) Analysis & Trends
Starting with FY2016, Tencent Music Entertainment's Gross Margin history includes 10 years.
- Annual Gross Margin has increased for four straight years, with a five-year change of +12.38 percentage points (FY2020 to FY2025).
- The FY2025 figure is the highest annual Gross Margin in data going back to FY2016.
- Per Business Quant data, TME's Gross Margin was 41.66% in FY2024 (+5.85 pp), 35.80% in FY2023 (+3.88 pp), 31.92% in FY2022 (+1.72 pp) and 30.20% in FY2021 (-2.21 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 1,724.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1,724.45% |
| Mar 31, 2026 | 1,441.46% |
| Dec 31, 2025 | 1,149.40% |
| Sep 30, 2025 | 1,421.62% |
| Jun 30, 2025 | 1,475.98% |
| Dec 31, 2024 | 795.35% |
| Sep 30, 2024 | 1,000.33% |
| Jun 30, 2024 | 990.13% |
| Mar 31, 2024 | 879.68% |
| Dec 31, 2023 | 880.33% |
| Sep 30, 2023 | 857.88% |
| Jun 30, 2023 | 942.26% |
| Mar 31, 2023 | 976.79% |
| Dec 31, 2022 | 1,092.41% |
| Sep 30, 2022 | 1,291.94% |
| Jun 30, 2022 | 29.88% |
| Mar 31, 2022 | 1,256.76% |
| Dec 31, 2021 | 1,396.18% |
| Sep 30, 2021 | 1,762.60% |
| Jun 30, 2021 | 30.43% |
API Access
Tencent Music Entertainment Gross Margin 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=gross-margin&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();