Tencent Music Entertainment (TME) Payables (2017 - 2026)
Tencent Music Entertainment's Payables was $1.5 billion in Q2 2026, up 25.7% from $1.19 billion a year earlier and up 8.1% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Payables (2017 - 2026) Analysis & Trends
At the end of FY2025, Payables at Tencent Music Entertainment came in at $1.12 billion, down 8.3% from FY2024.
- Payables has now declined for three consecutive years, though with a five-year compound annual growth rate of 6.6% (FY2020 to FY2025).
- In earlier years, Payables was $1.22 billion in FY2024 (-18.5%), $1.5 billion in FY2023 (-1.9%), $1.53 billion in FY2022 (+88.9%) and $809 million in FY2021 (-0.6%).
- The Q2 2026 figure marks the highest quarterly Payables since Q2 2024.
- Compared with a year earlier, Payables was higher in 1 of the last six quarters, with an average decline of 6.7%.
- The best year-over-year quarter for Payables over five years was Q2 2023 (growth of 94.9%); the worst was Q2 2025 (a decline of 27.3%).
- Per Business Quant data, TME's Payables in the three quarters before Q2 2026 was $1.39 billion (Q1 2026), $1.1 billion (Q4 2025) and $1.42 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 60.76 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 11.32 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 1.51 Bn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 1.87 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87 Bn |
| Mar 31, 2026 | 893.57 Mn |
| Dec 31, 2025 | 898.21 Mn |
| Sep 30, 2025 | 929.71 Mn |
| Jun 30, 2025 | 969.87 Mn |
| Mar 31, 2025 | 1.00 Bn |
| Dec 31, 2024 | 1.43 Bn |
| Jun 30, 2024 | 855.63 Mn |
| Mar 31, 2024 | 760.12 Mn |
| Dec 31, 2023 | 1.50 Bn |
| Sep 30, 2023 | 691.79 Mn |
| Jun 30, 2023 | 719.41 Mn |
| Mar 31, 2023 | 774.34 Mn |
| Dec 31, 2022 | 1.51 Bn |
| Sep 30, 2022 | 679.12 Mn |
| Jun 30, 2022 | 802.86 Mn |
| Mar 31, 2022 | 808.99 Mn |
| Dec 31, 2021 | 1.47 Bn |
| Sep 30, 2021 | 810.10 Mn |
| Jun 30, 2021 | 14.39 Mn |
API Access
Tencent Music Entertainment 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=payables&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=payables&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();