Tencent Music Entertainment Group (TME) Earnings History
Annual and quarterly earnings data from 2016 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 42.3% | 30.7% | 23.4% |
| 2023 | 35.3% | 21.8% | 17.7% |
| 2022 | 31.0% | 15.7% | 13.0% |
| 2021 | 30.1% | 12.2% | 9.7% |
| 2020 | 31.9% | 16.2% | 14.3% |
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Tencent Music Entertainment Group (TME) Earnings Overview
As of February 28, 2026, Tencent Music Entertainment Group (TME) reported trailing twelve-month net income of $10.81B, reflecting +0.4% year-over-year growth. The company earned $6.93 per diluted share over the past four quarters, with a net profit margin of 0.2%.
Looking at the long-term picture, TME's 5-year EPS compound annual growth rate (CAGR) stands at +12.2%, showing solid earnings momentum. The company achieved its highest annual net income of $6.64B in fiscal 2024, representing a new all-time high.
Tencent Music Entertainment Group maintains positive profitability with a gross margin of 0.4%, operating margin of 0.3%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including SPOT ($2.20B net income, 0.1% margin), KRKR (-$91M net income, -0.6% margin), FENG (-$49M net income, -0.1% margin), TME has outperformed on profitability metrics. Compare TME vs SPOT →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
9 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $6.64B | +35.0% | $8.71B | $4.24 | 23.4% | 30.7% |
| 2023 | $4.92B | +33.8% | $6.06B | $3.10 | 17.7% | 21.8% |
| 2022 | $3.68B | +21.4% | $4.44B | $2.28 | 13.0% | 15.7% |
| 2021 | $3.03B | -27.1% | $3.80B | $1.80 | 9.7% | 12.2% |
| 2020 | $4.16B | +4.3% | $4.71B | $2.48 | 14.3% | 16.2% |
| 2019 | $3.98B | +117.2% | $4.62B | $2.38 | 15.7% | 18.2% |
| 2018 | $1.83B | +38.2% | $2.04B | $1.16 | 9.7% | 10.7% |
| 2017 | $1.33B | +1517.1% | $1.59B | $0.81 | 12.1% | 14.5% |
| 2016 | $82M | - | $103M | $0.05 | 1.9% | 2.4% |
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Start ComparisonFrequently Asked Questions
Is TME growing earnings?
TME EPS of $6.93 reflects slowing growth at +0.4%, below the 5-year CAGR of +12.2%. TTM net income is $10.8B. Expansion rate has moderated.
What are TME's profit margins?
Tencent Music Entertainment Group net margin is +0.2%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are TME's earnings?
TME earnings data spans 2016-2024. The current earnings trend is +0.4% YoY. Historical data enables comparison across business cycles.