Tencent Music Entertainment (TME) Notes Payables (2020 - 2026)
Tencent Music Entertainment (TME) reported Notes Payables of $884 million for Q2 2026, up 77.9% from $497 million a year earlier and up 77.2% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Notes Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, Tencent Music Entertainment posted Notes Payables of $500 million, up 2.2% from FY2024.
- Notes Payables has a five-year compound annual growth rate of -8.8% (FY2020 to FY2025).
- By year, Notes Payables came in at $489 million in FY2024 (-38.4%), $794 million in FY2023 (-1.1%), $803 million in FY2022 (+1.1%) and $794 million in FY2021 (+0.1%).
- The Q2 2026 figure ranks as the highest quarterly Notes Payables in data going back to Q4 2020.
- Year over year, Notes Payables gained in two of the last six quarters, with an average decline of 5.2%.
- The high point for year-over-year Notes Payables in five years was Q2 2026 (growth of 77.9%); the low point was Q1 2025 (a decline of 37.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $499 million (Q1 2026), $493.05 million (Q4 2025) and $496 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 | 882.74 Mn |
| Dec 31, 2024 | 489.44 Mn |
| Dec 31, 2023 | 793.02 Mn |
| Dec 31, 2022 | 795.05 Mn |
| Jun 30, 2022 | 795.70 Mn |
| Mar 31, 2022 | 794.33 Mn |
| Dec 31, 2021 | 794.40 Mn |
| Sep 30, 2021 | 795.72 Mn |
| Dec 31, 2020 | 793.44 Mn |
API Access
Tencent Music Entertainment Notes Payables 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=notes-payables&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();