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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 51.74 Mn | |
| 6 | 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| Date | Value |
|---|---|
| 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 |