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 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 1.75 Mn
6 Pinterest 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
DateValue
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