Tencent Music Entertainment (TME) Payables (2017 - 2026)
Tencent Music Entertainment (TME) posted Payables of $891.6 million for Q1 2026, up 0.64% sequentially from $886.0 million in Q4 2025, and down 11.28% YoY from $1.0 billion in Q1 2025.
Tencent Music Entertainment (TME) Payables (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Payables for 10 years, with the latest figure at $891.6 million in Q1 2026.
- Quarterly Payables fell 11.28% year-over-year to $891.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $891.6 million (down 11.28% YoY) and the FY2025 annual result came in at $899.0 million, down 4.56% from the prior year.
- Payables climbed to $891.6 million in Q1 2026 per TME's latest filing, from $886.0 million in the prior quarter.
- Over five years, Payables peaked at $1.7 billion in Q2 2022 and troughed at $680.0 million in Q3 2022.
- A 5-year average of $924.6 million and a median of $872.5 million in 2024 frame the typical range for Payables.
- The sharpest annual moves came in 2022 and 2023: Payables soared 169.44% in 2022, then sank 56.83% in 2023.
- Over 5 years, Payables stood at $702.7 million in 2022, then retreated by 1.06% to $695.3 million in 2023, then soared by 37.74% to $957.7 million in 2024, then retreated by 7.48% to $886.0 million in 2025, then gained by 0.64% to $891.6 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $891.6 million, $886.0 million, and $924.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.57 Bn | 3,810.53 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,536.44 Bn | 1,446.18 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 275.95 Mn |
| 4 | Baidu | 289.05 Bn | 284.56 Bn | 1.88 Mn | 6.27 Bn |
| 5 | Spotify Technology | 102.91 Bn | 92.67 Bn | 1.75 Bn | 1.48 Bn |
| 6 | Joyy | 77.90 Bn | 77.01 Bn | 205.64 Mn | 109.04 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 66,341.00 |
| 8 | Nebius | 49.17 Bn | 39.54 Bn | 295.20 Mn | 621.70 Mn |
| 9 | 30.51 Bn | 27.73 Bn | 734.60 Mn | 89.14 Mn | |
| 10 | Tencent Music Entertainment | 27.05 Bn | 24.35 Bn | 514.00 Mn | 891.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 891.63 Mn |
| Dec 31, 2025 | 886.00 Mn |
| Sep 30, 2025 | 924.79 Mn |
| Jun 30, 2025 | 961.69 Mn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 957.66 Mn |
| Jun 30, 2024 | 858.93 Mn |
| Mar 31, 2024 | 761.00 Mn |
| Dec 31, 2023 | 695.27 Mn |
| Sep 30, 2023 | 698.16 Mn |
| Jun 30, 2023 | 719.00 Mn |
| Mar 31, 2023 | 775.00 Mn |
| Dec 31, 2022 | 702.74 Mn |
| Sep 30, 2022 | 680.00 Mn |
| Jun 30, 2022 | 1.67 Bn |
| Mar 31, 2022 | 1.61 Bn |
| Dec 31, 2021 | 1.47 Bn |
| Sep 30, 2021 | 1.49 Bn |
| Jun 30, 2021 | 682.00 Mn |
| Mar 31, 2021 | 598.00 Mn |