Tencent Music Entertainment (TME) Tax Rate (2017 - 2026)
Tencent Music Entertainment (TME) posted Tax Rate of 17.55% for Q1 2026, down 0.74% sequentially from 17.42% in Q4 2025, and down 839.0% YoY from 2.38% in Q1 2025.
Tencent Music Entertainment (TME) Tax Rate (2017 - 2026) Analysis & Trends
Tencent Music Entertainment (TME) has 10 years of Tax Rate data on file, last reported at 17.55% in Q1 2026.
- Quarterly Tax Rate fell 839.0% year-over-year to 17.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.5% (down 320.0% YoY) and the FY2025 annual result came in at 14.48%, up 394.0% from the prior year.
- Tax Rate declined to 17.55% in Q1 2026 per TME's latest filing, from 17.42% in the prior quarter.
- The five-year high for Tax Rate was 9.16% in Q1 2025, with the low at 20.0% in Q1 2024.
- Average Tax Rate over 5 years is 15.04%, with a median of 16.96% recorded in 2024.
- Year-over-year, Tax Rate surged 1084 bps in 2025 and sank 839 bps in 2026.
- Tencent Music Entertainment's Tax Rate stood at 12.06% in 2022, then sank by 45 bps to 17.5% in 2023, then rose by 3 bps to 16.96% in 2024, then slipped by 3 bps to 17.42% in 2025, then decreased by 1 bps to 17.55% in 2026.
- Business Quant data shows TME's Tax Rate at 17.55% in Q1 2026, 17.42% in Q4 2025, and 17.72% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,330.11 Bn | 4,114.49 Bn | 102.29 Bn | 19.16% |
| 2 | Meta Platforms | 1,553.11 Bn | 1,471.93 Bn | 46.09 Bn | -23.08% |
| 3 | Baidu | 320.91 Bn | 305.99 Bn | 1.88 Mn | 13.72% |
| 4 | BILI Social International | 84.82 Bn | 84.82 Bn | 405,933.00 | 50.45% |
| 5 | Joyy | 70.39 Bn | 70.39 Bn | 205.64 Mn | -3.36% |
| 6 | Nebius | 59.20 Bn | 49.90 Bn | 295.20 Mn | -241,666,666.67% |
| 7 | 37.81 Bn | 35.04 Bn | 511.94 Mn | 0.85% | |
| 8 | Scienjoy Holding | 37.35 Bn | -14.16 Bn | 7.27 Mn | -27.96% |
| 9 | Tencent Music Entertainment | 26.62 Bn | 24.37 Bn | 514.00 Mn | -17.55% |
| 10 | 13.92 Bn | 12.62 Bn | 768.96 Mn | -15.89% |
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 |