Tencent Music Entertainment (TME) Invested Capital (2020 - 2026)
Tencent Music Entertainment (TME) posted Invested Capital of $13.89 billion for Q2 2026, up 10.6% from $12.55 billion a year earlier and up 17.8% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment's Invested Capital came in at $12.38 billion, up 23.3% from FY2024.
- Annual Invested Capital has increased for three consecutive years, with a five-year compound annual growth rate of 6.9% (FY2020 to FY2025).
- In prior years, Tencent Music Entertainment's Invested Capital was $10.04 billion in FY2024 (+13.4%), $8.85 billion in FY2023 (+11.7%), $7.93 billion in FY2022 (-10.0%) and $8.81 billion in FY2021 (-0.8%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2020.
- On a year-over-year basis, Invested Capital has increased in each of the last three quarters, with growth averaging 17.5% over the last six quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q2 2025, with growth of 32.6%; the weakest was Q4 2022, with a decline of 12.4%.
- According to Business Quant data, Invested Capital for the three prior quarters was $11.79 billion (Q1 2026), $12.2 billion (Q4 2025) and $12.43 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 738.65 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 344.89 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 44.46 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 184.39 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 9.40 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | - |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 13.46 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.46 Bn |
| Mar 31, 2026 | 11.66 Bn |
| Dec 31, 2025 | 11.48 Bn |
| Sep 30, 2025 | 12.50 Bn |
| Jun 30, 2025 | 12.54 Bn |
| Mar 31, 2025 | 10.85 Bn |
| Dec 31, 2024 | 10.34 Bn |
| Jun 30, 2024 | 9.43 Bn |
| Mar 31, 2024 | 9.19 Bn |
| Dec 31, 2023 | 8.84 Bn |
| Sep 30, 2023 | 8.34 Bn |
| Jun 30, 2023 | 8.34 Bn |
| Mar 31, 2023 | 8.37 Bn |
| Dec 31, 2022 | 7.85 Bn |
| Sep 30, 2022 | 7.57 Bn |
| Jun 30, 2022 | 8.00 Bn |
| Mar 31, 2022 | 8.55 Bn |
| Dec 31, 2021 | 8.81 Bn |
| Sep 30, 2021 | 8.62 Bn |
| Jun 30, 2021 | 8.89 Bn |
API Access
Tencent Music Entertainment Invested Capital 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=invested-capital&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();