Tencent Music Entertainment Group (TME) Profit Margin
Market Cap: $9.80B
Avg Volume: 8.27M
Industry: Internet Content & Information
Sector: Communication Services
Profit Margin Summary (Annual)
According to Tencent Music Entertainment Group's latest annual financial reports, the company has an operating profit margin of 30.67%. This metric indicates the percentage of revenue that remains after deducting operating expenses, excluding interest and taxes.
The company's gross profit margin stands at 42.34%, reflecting the percentage of revenue that exceeds the cost of goods sold (COGS).
The pretax profit margin is 30.67%, indicating the percentage of revenue that remains after deducting all expenses except taxes.
Lastly, the net profit margin is 23.39%, which shows the percentage of revenue that remains as profit after all expenses, including taxes, have been deducted.
The trailing twelve months (TTM) operating profit margin is 30.67%, providing a more up-to-date view of the company's financial health.
Operating Margin
30.67%
Gross Margin
42.34%
Pretax Margin
30.67%
Net Margin
23.39%
Historical Operating Profit Margin
Historical Gross Profit Margin
Historical Pretax Profit Margin
Historical Net Profit Margin
Tencent Music Entertainment Group Historical Profit Margins
Tencent Music Entertainment Group Profit Margin History
The table below shows the margins for each year, with the latest data available for the last fiscal year 2024.
| Year | Operating Margin | Gross Margin | Pretax Margin | Net Margin |
|---|---|---|---|---|
| 2024 | 30.67% | 42.34% | 30.67% | 23.39% |
| 2023 | 21.83% | 35.29% | 21.78% | 17.73% |
| 2022 | 15.68% | 30.96% | 15.43% | 12.98% |
| 2021 | 8.81% | 30.10% | 11.62% | 9.69% |
| 2020 | 16.16% | 31.91% | 15.89% | 14.25% |
| 2019 | 18.17% | 34.10% | 17.85% | 15.66% |
| 2018 | 10.74% | 38.33% | 10.55% | 9.65% |
| 2017 | 14.51% | 34.70% | 14.54% | 12.08% |
| 2016 | 2.36% | 28.25% | 2.61% | 1.88% |
Related Metrics
Explore detailed financial metrics and analysis for TME.