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 has reported Tax Rate for 10 years, with the latest figure 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.
- Over five years, Tax Rate peaked at 9.16% in Q1 2025 and troughed at 20.0% in Q1 2024.
- A 5-year average of 15.04% and a median of 16.96% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2025 and 2026: Tax Rate soared 1084 bps in 2025, then tumbled 839 bps in 2026.
- Over 5 years, Tax Rate stood at 12.06% in 2022, then plunged by 45 bps to 17.5% in 2023, then increased by 3 bps to 16.96% in 2024, then decreased by 3 bps to 17.42% in 2025, then retreated by 1 bps to 17.55% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 17.55%, 17.42%, and 17.72% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,206.86 Bn | 3,777.82 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,538.10 Bn | 1,447.84 Bn | 49.47 Bn | 15.50% |
| 3 | Taboola.com | 1,136.28 Bn | 1,136.15 Bn | 139.48 Mn | 40.80% |
| 4 | Baidu | 289.19 Bn | 284.70 Bn | 1.88 Mn | 13.72% |
| 5 | Spotify Technology | 102.90 Bn | 92.66 Bn | 1.75 Bn | 23.05% |
| 6 | Joyy | 77.62 Bn | 76.74 Bn | 205.64 Mn | -3.36% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 21.00% |
| 8 | Nebius | 49.31 Bn | 39.68 Bn | 295.20 Mn | - |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | 1.55% | |
| 10 | Tencent Music Entertainment | 26.96 Bn | 24.26 Bn | 514.00 Mn | -17.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -17.55% |
| Mar 31, 2026 | -17.55% |
| Mar 31, 2026 | -17.55% |
| Dec 31, 2025 | -17.42% |
| Dec 31, 2025 | -17.42% |
| Dec 31, 2025 | -17.42% |
| Sep 30, 2025 | -17.72% |
| Sep 30, 2025 | -17.72% |
| Sep 30, 2025 | -17.72% |
| Jun 30, 2025 | -17.31% |
| Jun 30, 2025 | -17.31% |
| Jun 30, 2025 | -17.31% |
| Mar 31, 2025 | -9.16% |
| Mar 31, 2025 | -9.16% |
| Mar 31, 2025 | -9.16% |
| Dec 31, 2024 | -16.96% |
| Dec 31, 2024 | -16.96% |
| Dec 31, 2024 | -16.96% |
| Sep 30, 2024 | -17.68% |
| Sep 30, 2024 | -17.68% |