Tencent Music Entertainment (TME) Payables (2017 - 2026)

Tencent Music Entertainment's (TME) quarterly Payables came in at $1.4 billion in Q1 2026, down 7.23% year-on-year from $1.5 billion in Q1 2025, and up 0.7% quarter-over-quarter from $1.4 billion in Q4 2025.

Tencent Music Entertainment (TME) Payables (2017 - 2026) Analysis & Trends

Tencent Music Entertainment has disclosed Payables across 10 years of filings, most recently posting $1.4 billion for Q1 2026.

  • Payables for Q1 2026 came in at $1.4 billion, down 7.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 7.23% YoY), and the FY2025 annual result was $1.4 billion, down 2.24% from the prior year.
  • Payables came in at $1.4 billion for Q1 2026 at Tencent Music Entertainment, up from $1.4 billion in the prior quarter.
  • In the past five years, Payables ranged from a high of $1.7 billion in Q2 2022 to a low of $1.4 billion in Q4 2025.
  • The 5-year median for Payables is $1.5 billion (2023), against an average of $1.5 billion.
  • Across the five-year window, Payables gained 15.64% in 2022 and dropped 11.5% in 2025, its largest moves.
  • Tencent Music Entertainment's Payables stood at $1.5 billion in 2022, then retreated by 0.21% to $1.5 billion in 2023, then retreated by 1.56% to $1.5 billion in 2024, then fell by 5.22% to $1.4 billion in 2025, then increased by 0.7% to $1.4 billion in 2026.
  • The last three Payables figures came in at $1.4 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 621.70 Mn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 16.85 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 13.33 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 1.46 Bn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 51.74 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 74.98 Mn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 285.31 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 68.00 Mn
10 Tencent Music Entertainment 2.62 Bn 1.40 Bn 514.00 Mn 1.39 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.39 Bn
Dec 31, 2025 1.38 Bn
Sep 30, 2025 1.42 Bn
Jun 30, 2025 1.45 Bn
Mar 31, 2025 1.50 Bn
Dec 31, 2024 1.45 Bn
Jun 30, 2024 1.64 Bn
Mar 31, 2024 1.56 Bn
Dec 31, 2023 1.48 Bn
Sep 30, 2023 1.49 Bn
Jun 30, 2023 1.57 Bn
Mar 31, 2023 1.58 Bn
Dec 31, 2022 1.48 Bn
Sep 30, 2022 1.53 Bn
Jun 30, 2022 1.65 Bn
Mar 31, 2022 1.61 Bn
Dec 31, 2021 1.47 Bn
Sep 30, 2021 1.49 Bn
Jun 30, 2021 1.48 Bn
Mar 31, 2021 1.39 Bn