Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026)
Tencent Music Entertainment (TME) posted Tax Provisions of -$66.0 million for Q1 2026, up 4.35% sequentially from -$69.0 million in Q4 2025, and down 8.2% YoY from -$71.9 million in Q1 2025.
Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Tax Provisions for 10 years, with the latest figure at -$66.0 million in Q1 2026.
- Quarterly Tax Provisions fell 8.2% year-over-year to -$66.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$274.0 million (down 19.54% YoY) and the FY2025 annual result came in at -$275.0 million, down 25.0% from the prior year.
- Tax Provisions rose to -$66.0 million in Q1 2026 per TME's latest filing, from -$69.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at -$14.0 million in Q1 2022 and troughed at -$72.0 million in Q2 2025.
- A 5-year average of -$44.1 million and a median of -$51.2 million in 2024 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions rose 26.32% in 2022, then tumbled 126.92% in 2024.
- Over 5 years, 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 slipped by 18.97% to -$69.0 million in 2025, then climbed by 4.35% to -$66.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$66.0 million, -$69.0 million, and -$67.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,206.86 Bn | 3,777.82 Bn | 73.85 Bn | 26.56 Bn |
| 2 | Meta Platforms | 1,538.10 Bn | 1,447.84 Bn | 49.47 Bn | 2.91 Bn |
| 3 | Taboola.com | 1,136.28 Bn | 1,136.15 Bn | 139.48 Mn | 2.98 Mn |
| 4 | Baidu | 289.19 Bn | 284.70 Bn | 1.88 Mn | 76.00 Mn |
| 5 | Spotify Technology | 102.90 Bn | 92.66 Bn | 1.75 Bn | 252.88 Mn |
| 6 | Joyy | 77.62 Bn | 76.74 Bn | 205.64 Mn | -1.37 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 21,469.00 |
| 8 | Nebius | 49.31 Bn | 39.68 Bn | 295.20 Mn | - |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | 3.99 Mn | |
| 10 | Tencent Music Entertainment | 26.96 Bn | 24.26 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 |