Tencent Music Entertainment (TME) Non-Current Deferred Tax Liability (2017 - 2026)
Tencent Music Entertainment (TME) recorded Non-Current Deferred Tax Liability of $215 million in Q2 2026, up 150.0% from $86 million a year earlier and up 152.9% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Non-Current Deferred Tax Liability (2017 - 2026) Analysis & Trends
At the end of FY2025, Tencent Music Entertainment reported Non-Current Deferred Tax Liability of $72 million, up 166.7% from FY2024.
- Annual Non-Current Deferred Tax Liability has a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- Across earlier years, Non-Current Deferred Tax Liability came in at $27 million in FY2024 (-20.6%), $34 million in FY2023 (+9.7%), $31 million in FY2022 (-27.9%) and $43 million in FY2021 (+4.9%).
- The Q2 2026 figure is the highest quarterly Non-Current Deferred Tax Liability in data going back to Q4 2017.
- On a year-over-year basis, Non-Current Deferred Tax Liability has increased for three consecutive quarters, with growth averaging 104.4% over the last six quarters.
- Peak year-over-year performance for Non-Current Deferred Tax Liability in the last five years was growth of 174.2% in Q1 2026, against a decline of 45.9% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $85 million (Q1 2026), $71.06 million (Q4 2025) and $95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 215.20 Mn |
| Mar 31, 2026 | 85.07 Mn |
| Dec 31, 2025 | 72.04 Mn |
| Sep 30, 2025 | 95.37 Mn |
| Jun 30, 2025 | 85.89 Mn |
| Mar 31, 2025 | 31.26 Mn |
| Dec 31, 2024 | 27.13 Mn |
| Jun 30, 2024 | 36.74 Mn |
| Mar 31, 2024 | 24.08 Mn |
| Dec 31, 2023 | 33.63 Mn |
| Sep 30, 2023 | 28.22 Mn |
| Jun 30, 2023 | 20.27 Mn |
| Mar 31, 2023 | 28.09 Mn |
| Dec 31, 2022 | 30.30 Mn |
| Sep 30, 2022 | 30.74 Mn |
| Jun 30, 2022 | 37.31 Mn |
| Mar 31, 2022 | 40.02 Mn |
| Dec 31, 2021 | 42.53 Mn |
| Sep 30, 2021 | 39.11 Mn |
| Jun 30, 2021 | 43.63 Mn |
API Access
Tencent Music Entertainment Non-Current Deferred Tax Liability 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=non-current-deferred-tax-liability&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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=non-current-deferred-tax-liability&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();