Tencent Music Entertainment (TME) Return on Equity [ROE] (2019 - 2026)
Tencent Music Entertainment (TME) reported Return on Equity [ROE] of 11.45% for Q2 2026, down 1.68 percentage points from 13.13% a year earlier but up 0.16 percentage points from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Return on Equity [ROE] (2019 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment posted Return on Equity [ROE] of 15.15%, up 4.09 percentage points from FY2024.
- Return on Equity [ROE] has increased for four consecutive years, with a five-year change of +6.23 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at 11.06% in FY2024 (+1.38 pp), 9.68% in FY2023 (+2.32 pp), 7.36% in FY2022 (+1.08 pp) and 6.28% in FY2021 (-2.64 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of 5.71% in Q1 2022 and a high of 13.70% in Q1 2025.
- Year over year, Return on Equity [ROE] gained in two of the last four quarters, with an average year-over-year change of +0.90 percentage points.
- The high point for year-over-year Return on Equity [ROE] in five years was Q1 2025 (a gain of 4.29 percentage points); the low point was Q1 2026 (a drop of 2.41 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.29% (Q1 2026), 13.39% (Q4 2025) and 12.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,911.22 Bn | 3,668.75 Bn | 73.85 Bn | 43.64% |
| 2 | Meta Platforms | 1,638.99 Bn | 1,341.51 Bn | 49.47 Bn | 26.97% |
| 3 | Netflix | 273.21 Bn | 234.50 Bn | 6.80 Bn | 49.69% |
| 4 | Alibaba Group Holding | 231.61 Bn | 45.39 Bn | 15.11 Bn | 6.20% |
| 5 | Shopify | 219.44 Bn | 196.62 Bn | 1.71 Bn | 15.31% |
| 6 | Uber Technologies | 136.78 Bn | 108.58 Bn | 6.38 Bn | 35.90% |
| 7 | Booking Holdings | 120.36 Bn | 53.41 Bn | - | - |
| 8 | Spotify Technology | 119.71 Bn | 76.63 Bn | 1.89 Bn | 35.30% |
| 9 | PDD Holdings | 110.53 Bn | -133.24 Bn | 9.45 Bn | 21.12% |
| 10 | Tencent Music Entertainment | 13.12 Bn | -9.61 Bn | 579.95 Mn | 11.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.59% |
| Mar 31, 2026 | 11.32% |
| Dec 31, 2025 | 13.43% |
| Sep 30, 2025 | 12.83% |
| Jun 30, 2025 | 13.15% |
| Mar 31, 2025 | 13.85% |
| Jun 30, 2024 | 9.75% |
| Mar 31, 2024 | 9.44% |
| Dec 31, 2023 | 9.46% |
| Sep 30, 2023 | 9.43% |
| Jun 30, 2023 | 9.22% |
| Mar 31, 2023 | 8.75% |
| Dec 31, 2022 | 8.19% |
| Sep 30, 2022 | 6.97% |
| Jun 30, 2022 | 6.01% |
| Mar 31, 2022 | 5.70% |
| Dec 31, 2021 | 6.29% |
| Sep 30, 2021 | 7.42% |
| Jun 30, 2021 | 7.85% |
| Mar 31, 2021 | 7.83% |
API Access
Tencent Music Entertainment Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();