Tencent Music Entertainment (TME) Tax Rate (2017 - 2026)
Tencent Music Entertainment's (TME) quarterly Tax Rate came in at 17.55% in Q1 2026, down 839.0% year-on-year from 2.38% in Q1 2025, and down 0.74% quarter-over-quarter from 17.42% in Q4 2025.
Tencent Music Entertainment (TME) Tax Rate (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Tax Rate across 10 years of filings, most recently posting 17.55% for Q1 2026.
- Tax Rate for Q1 2026 came in at 17.55%, down 839.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.5% (down 320.0% YoY), and the FY2025 annual result was 14.48%, up 394.0% from the prior year.
- Tax Rate came in at 17.55% for Q1 2026 at Tencent Music Entertainment, down from 17.42% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 9.16% in Q1 2025 to a low of 20.0% in Q1 2024.
- The 5-year median for Tax Rate is 16.96% (2024), against an average of 15.04%.
- Across the five-year window, Tax Rate jumped 1084 bps in 2025 and tumbled 839 bps in 2026, its largest moves.
- Tencent Music Entertainment's Tax Rate stood at 12.06% in 2022, then plunged by 45 bps to 17.5% in 2023, then climbed by 3 bps to 16.96% in 2024, then fell by 3 bps to 17.42% in 2025, then declined by 1 bps to 17.55% in 2026.
- The last three Tax Rate figures came in at 17.55% (Q1 2026), 17.42% (Q4 2025), and 17.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | -0.94% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 19.16% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | -23.08% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | - |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 0.85% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | -15.89% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -20.98% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | -3.73% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 4.17% |
| 10 | Tencent Music Entertainment | 2.62 Bn | 1.40 Bn | 514.00 Mn | -17.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -17.55% |
| Mar 31, 2026 | -17.55% |
| Dec 31, 2025 | -17.42% |
| Dec 31, 2025 | -17.42% |
| Sep 30, 2025 | -17.72% |
| Sep 30, 2025 | -17.72% |
| Jun 30, 2025 | -17.31% |
| Jun 30, 2025 | -17.31% |
| Mar 31, 2025 | -9.16% |
| Mar 31, 2025 | -9.16% |
| Dec 31, 2024 | -16.96% |
| Dec 31, 2024 | -16.96% |
| Sep 30, 2024 | -17.68% |
| Sep 30, 2024 | -17.68% |
| Jun 30, 2024 | -19.28% |
| Jun 30, 2024 | -19.28% |
| Mar 31, 2024 | -20.00% |
| Mar 31, 2024 | -20.00% |
| Dec 31, 2023 | -17.50% |
| Dec 31, 2023 | -17.50% |