Tencent Music Entertainment (TME) Return on Invested Capital (2023 - 2026)
Tencent Music Entertainment (TME) posted Return on Invested Capital of 0.11% for Q1 2026, down 15.33% sequentially from 0.13% in Q4 2025, and little changed YoY from 0.11% in Q1 2025.
Analysis
Tencent Music Entertainment (TME) Return on Invested Capital (2023 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Return on Invested Capital for 4 years, with the latest figure at 0.11% in Q1 2026.
- Quarterly Return on Invested Capital changed 0.0% year-over-year to 0.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.11% (changed 0.0% YoY) and the FY2025 annual result came in at 0.13%, down 4.0% from the prior year.
- Return on Invested Capital declined to 0.11% in Q1 2026 per TME's latest filing, from 0.13% in the prior quarter.
- Over five years, Return on Invested Capital peaked at 2.57% in Q3 2024 and troughed at 0.11% in Q1 2026.
- A 4-year average of 1.17% and a median of 1.72% in 2023 frame the typical range for Return on Invested Capital.
- The sharpest annual moves came in 2024 and 2025: Return on Invested Capital jumped 67 bps in 2024, then slumped 245 bps in 2025.
- Over 4 years, Return on Invested Capital stood at 1.95% in 2023, then sank by 91 bps to 0.17% in 2024, then dropped by 25 bps to 0.13% in 2025, then decreased by 15 bps to 0.11% in 2026.
- According to Business Quant data, Return on Invested Capital over the past three periods registered 0.11%, 0.13%, and 0.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | - |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 0.02% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -0.08% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | - | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 0.00% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 0.11% |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | - | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 0.00% |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | -0.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.11% |
| Mar 31, 2026 | 0.11% |
| Dec 31, 2025 | 0.13% |
| Sep 30, 2025 | 0.13% |
| Jun 30, 2025 | 0.12% |
| Mar 31, 2025 | 0.11% |
| Dec 31, 2024 | 0.17% |
| Sep 30, 2024 | 2.57% |
| Jun 30, 2024 | 2.32% |
| Mar 31, 2024 | 2.09% |
| Dec 31, 2023 | 1.97% |
| Sep 30, 2023 | 1.92% |
| Jun 30, 2023 | 1.89% |
| Mar 31, 2023 | 1.74% |