Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026)
Tencent Music Entertainment's (TME) quarterly Tax Provisions came in at -$66.0 million in Q1 2026, down 8.2% year-on-year from -$71.9 million in Q1 2025, and up 4.35% quarter-over-quarter from -$69.0 million in Q4 2025.
Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Tax Provisions across 10 years of filings, most recently posting -$66.0 million for Q1 2026.
- Tax Provisions for Q1 2026 came in at -$66.0 million, down 8.2% year-over-year; the trailing twelve-month figure through Mar 2026 was -$274.0 million (down 19.54% YoY), and the FY2025 annual result was -$275.0 million, down 25.0% from the prior year.
- Tax Provisions came in at -$66.0 million for Q1 2026 at Tencent Music Entertainment, up from -$69.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of -$14.0 million in Q1 2022 to a low of -$72.0 million in Q2 2025.
- The 5-year median for Tax Provisions is -$51.2 million (2024), against an average of -$44.1 million.
- Across the five-year window, Tax Provisions grew 26.32% in 2022 and tumbled 126.92% in 2024, its largest moves.
- Tencent Music Entertainment's Tax Provisions stood at -$24.0 million in 2022, then slumped by 75.0% to -$42.0 million in 2023, then tumbled by 38.1% to -$58.0 million in 2024, then retreated by 18.97% to -$69.0 million in 2025, then gained by 4.35% to -$66.0 million in 2026.
- The last three Tax Provisions figures came in at -$66.0 million (Q1 2026), -$69.0 million (Q4 2025), and -$67.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | -5.80 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 14.83 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | -5.02 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | - |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 1.75 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 10.09 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -43.34 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 3.20 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 2.00 Mn |
| 10 | Tencent Music Entertainment | 2.62 Bn | 1.40 Bn | 514.00 Mn | -66.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -66.00 Mn |
| Dec 31, 2025 | -69.00 Mn |
| Sep 30, 2025 | -67.00 Mn |
| Jun 30, 2025 | -72.00 Mn |
| Mar 31, 2025 | -61.00 Mn |
| Dec 31, 2024 | -58.00 Mn |
| Sep 30, 2024 | -51.21 Mn |
| Jun 30, 2024 | -59.00 Mn |
| Mar 31, 2024 | -53.00 Mn |
| Dec 31, 2023 | -42.00 Mn |
| Sep 30, 2023 | -24.00 Mn |
| Jun 30, 2023 | -26.00 Mn |
| Mar 31, 2023 | -24.00 Mn |
| Dec 31, 2022 | -24.00 Mn |
| Sep 30, 2022 | -21.00 Mn |
| Jun 30, 2022 | -19.00 Mn |
| Mar 31, 2022 | -14.00 Mn |
| Dec 31, 2021 | -12.00 Mn |
| Sep 30, 2021 | -16.00 Mn |
| Jun 30, 2021 | -18.00 Mn |