Tencent Music Entertainment (TME) Return on Invested Capital [ROIC] (2021 - 2026)
Tencent Music Entertainment's Return on Invested Capital [ROIC] was 12.57% in Q2 2026, down 2.05 percentage points from 14.62% a year earlier and down 0.62 percentage points from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Tencent Music Entertainment came in at 17.05%, up 4.42 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for four consecutive years, with a four-year change of +10.31 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 12.63% in FY2024 (+2.46 pp), 10.17% in FY2023 (+2.47 pp), 7.70% in FY2022 (+0.96 pp) and 6.74% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in two of the last four quarters, with an average year-over-year change of +1.15 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2025 (a gain of 4.84 percentage points); the worst was Q1 2022 (a drop of 2.11 percentage points).
- Per Business Quant data, TME's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 13.19% (Q1 2026), 15.16% (Q4 2025) and 14.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 2.37% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 75.49% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | - |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 12.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.80% |
| Mar 31, 2026 | 13.60% |
| Dec 31, 2025 | 15.48% |
| Sep 30, 2025 | 14.31% |
| Jun 30, 2025 | 14.64% |
| Mar 31, 2025 | 15.14% |
| Jun 30, 2024 | 10.88% |
| Mar 31, 2024 | 10.30% |
| Dec 31, 2023 | 9.97% |
| Sep 30, 2023 | 9.76% |
| Jun 30, 2023 | 9.59% |
| Mar 31, 2023 | 9.12% |
| Dec 31, 2022 | 8.51% |
| Sep 30, 2022 | 7.29% |
| Jun 30, 2022 | 6.35% |
| Mar 31, 2022 | 6.07% |
| Dec 31, 2021 | 6.75% |
| Sep 30, 2021 | 7.74% |
| Jun 30, 2021 | 8.10% |
| Mar 31, 2021 | 8.06% |
API Access
Tencent Music Entertainment Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();