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 (TME) has 10 years of Tax Provisions data on file, last reported 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.
- The five-year high for Tax Provisions was -$14.0 million in Q1 2022, with the low at -$72.0 million in Q2 2025.
- Average Tax Provisions over 5 years is -$44.1 million, with a median of -$51.2 million recorded in 2024.
- Year-over-year, Tax Provisions advanced 26.32% in 2022 and sank 126.92% in 2024.
- Tencent Music Entertainment's Tax Provisions stood at -$24.0 million in 2022, then tumbled by 75.0% to -$42.0 million in 2023, then plunged by 38.1% to -$58.0 million in 2024, then dropped by 18.97% to -$69.0 million in 2025, then grew by 4.35% to -$66.0 million in 2026.
- Business Quant data shows TME's Tax Provisions at -$66.0 million in Q1 2026, -$69.0 million in Q4 2025, and -$67.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,330.11 Bn | 4,114.49 Bn | 102.29 Bn | 14.83 Bn |
| 2 | Meta Platforms | 1,553.11 Bn | 1,471.93 Bn | 46.09 Bn | -5.02 Bn |
| 3 | Baidu | 320.91 Bn | 305.99 Bn | 1.88 Mn | 76.00 Mn |
| 4 | BILI Social International | 84.82 Bn | 84.82 Bn | 405,933.00 | 51,580.00 |
| 5 | Joyy | 70.39 Bn | 70.39 Bn | 205.64 Mn | -1.37 Mn |
| 6 | Nebius | 59.20 Bn | 49.90 Bn | 295.20 Mn | -5.80 Mn |
| 7 | 37.81 Bn | 35.04 Bn | 511.94 Mn | 1.75 Mn | |
| 8 | Scienjoy Holding | 37.35 Bn | -14.16 Bn | 7.27 Mn | -425,000.00 |
| 9 | Tencent Music Entertainment | 26.62 Bn | 24.37 Bn | 514.00 Mn | -66.00 Mn |
| 10 | 13.92 Bn | 12.62 Bn | 768.96 Mn | 10.09 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 |