Tencent Music Entertainment Group annual gross margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
Tencent Music Entertainment Group Gross Margin Growth & History (TME)
Tencent Music Entertainment Group's gross margin was 42.34% for fiscal 2024.
View full Tencent Music Entertainment Group company overviewTencent Music Entertainment Group annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2024 | 2024-12-31 | 42.34% | +7.05 pp |
| 2023 | 2023-12-31 | 35.29% | +4.34 pp |
| 2022 | 2022-12-31 | 30.96% | +0.86 pp |
| 2021 | 2021-12-31 | 30.10% | −1.81 pp |
| 2020 | 2020-12-31 | 31.91% | −2.19 pp |
| 2019 | 2019-12-31 | 34.10% | −4.23 pp |
| 2018 | 2018-12-31 | 38.33% | +3.63 pp |
| 2017 | 2017-12-31 | 34.70% | +6.45 pp |
| 2016 | 2016-12-31 | 28.25% | — |
Tencent Music Entertainment Group quarterly gross margin
No reported data
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|
Tencent Music Entertainment Group gross margin trends
Over the last five reported fiscal years, Tencent Music Entertainment Group's gross margin increased from 34.10% to 42.34%, a change of +8.24 percentage points.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Tencent Music Entertainment Group filings at SEC.gov ↗