Tencent Music Entertainment (TME) Receivables (2017 - 2026)
Tencent Music Entertainment (TME) recorded Receivables of $617.44 million in Q2 2026, up 18.5% from $521 million a year earlier and up 11.8% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Receivables (2017 - 2026) Analysis & Trends
At the end of FY2025, Tencent Music Entertainment reported Receivables of $571.54 million, up 16.4% from FY2024.
- Annual Receivables has increased for three straight years, with a five-year compound annual growth rate of 5.5% (FY2020 to FY2025).
- Across earlier years, Receivables came in at $491.16 million in FY2024 (+17.2%), $418.92 million in FY2023 (+6.2%), $394.45 million in FY2022 (-31.4%) and $574.76 million in FY2021 (+31.5%).
- The Q2 2026 figure is the highest quarterly Receivables in data going back to Q4 2017.
- On a year-over-year basis, Receivables has increased for three consecutive quarters, with growth averaging 18.6% over the last six quarters.
- Peak year-over-year performance for Receivables in the last five years was growth of 33.9% in Q4 2021, against a decline of 32.1% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $552.22 million (Q1 2026), $563.83 million (Q4 2025) and $514.44 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 69.18 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.75 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 | 466.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 4.30 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 4.34 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 | 890.92 Mn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 616.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 616.32 Mn |
| Mar 31, 2026 | 553.42 Mn |
| Dec 31, 2025 | 571.60 Mn |
| Sep 30, 2025 | 517.18 Mn |
| Jun 30, 2025 | 519.93 Mn |
| Mar 31, 2025 | 440.74 Mn |
| Dec 31, 2024 | 493.69 Mn |
| Jun 30, 2024 | 416.12 Mn |
| Mar 31, 2024 | 388.57 Mn |
| Dec 31, 2023 | 429.44 Mn |
| Sep 30, 2023 | 342.74 Mn |
| Jun 30, 2023 | 339.09 Mn |
| Mar 31, 2023 | 396.19 Mn |
| Dec 31, 2022 | 399.82 Mn |
| Sep 30, 2022 | 409.33 Mn |
| Jun 30, 2022 | 432.55 Mn |
| Mar 31, 2022 | 395.98 Mn |
| Dec 31, 2021 | 578.46 Mn |
| Sep 30, 2021 | 415.17 Mn |
| Jun 30, 2021 | 402.13 Mn |
API Access
Tencent Music Entertainment Receivables 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=receivables&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();