Tencent Music Entertainment Group (TME) Earnings History
Annual and quarterly earnings data from 2016 to 2024
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TME EPS Growth (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.
TME 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 May 8, 2026, Tencent Music Entertainment Group (TME) reported trailing twelve-month net income of $10.81B, reflecting +36.8% year-over-year growth. The company earned $6.93 per diluted share over the past four quarters, with a net profit margin of 23.4%.
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 industry-leading profitability with a gross margin of 42.3%, operating margin of 30.7%, and net margin of 23.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SPOT ($2.72B net income, 12.9% margin), IDCC ($366M net income, 48.8% margin), AAPL ($122.58B net income, 26.9% margin), TME has outperformed on profitability metrics. Compare TME vs SPOT →
TME Earnings vs Peers
Earnings metrics vs comparable public companies
TME Historical Earnings Data (2016–2024)
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 ComparisonTME — Frequently Asked Questions
Quick answers to the most common questions about buying TME stock.
Is TME growing earnings?
TME EPS is $6.93, with earnings growth accelerating to +36.8%. This exceeds the 5-year CAGR of +12.2%. TTM net income reached $10.8B.
What are TME's profit margins?
Tencent Music Entertainment Group net margin is +23.4%, with operating margin at +30.7%. Above-average margins indicate pricing power.
How consistent are TME's earnings?
TME earnings data spans 2016-2024. The accelerating earnings trend is +36.8% YoY. Historical data enables comparison across business cycles.