Tencent Holdings Limited (TCEHY)

TCEHY Income Statement

Revenue, expenses, and profitability analysis

TCEHY Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	60.003B	15.447B	15.267B	14.634B	14.655B	13.844B	12.423B	12.654B	11.816B
Revenue	108.395B	28.300B	27.404B	26.943B	25.748B	24.800B	23.618B	23.818B	22.163B
Cost of Goods Sold	48.392B	12.853B	12.136B	12.309B	11.093B	10.956B	11.195B	11.164B	10.348B
Gross Profit Margin	54.6%	54.6%	55.7%	54.3%	56.9%	55.8%	52.6%	53.1%	53.3%
Total Operating Expenses	24.958B	5.922B	6.946B	5.823B	6.267B	5.914B	5.373B	5.057B	4.837B
Research & Development	6.435B	3.247B	0.00	3.188B	0.00	2.605B	2.717B	2.549B	2.377B
Selling, General & Administrative	18.023B	2.675B	6.946B	2.635B	5.768B	5.170B	5.710B	5.480B	5.041B
Operating Income (EBIT)	35.045B	9.525B	8.321B	8.811B	8.388B	7.930B	7.050B	7.598B	6.979B
Operating Margin	33.7%	33.7%	30.4%	32.7%	32.6%	32.0%	29.9%	31.9%	31.5%
Income Before Tax (EBT)	40.606B	10.655B	10.107B	10.439B	9.405B	8.740B	8.662B	8.958B	8.052B
Interest Income	2.890B	579.815M	1.140B	594.581M	575.086M	83.758M	89.846M	136.192M	529.606M
Interest Expense	1.952B	429.135M	503.746M	524.646M	494.147M	—	—	—	401.400M
Other Income/Expense	5.561B	1.130B	1.785B	1.628B	1.017B	809.478M	1.612B	1.360B	1.073B
Net Income	33.165B	8.368B	8.214B	8.819B	7.763B	6.588B	7.029B	7.583B	6.552B
Income Tax Expense	6.827B	2.100B	1.776B	1.367B	1.584B	1.890B	1.614B	1.268B	1.399B
Net Profit Margin	29.6%	29.6%	30.0%	32.7%	30.2%	26.6%	29.8%	31.8%	29.6%
EBITDA	46.109B	12.124B	10.874B	12.274B	10.837B	9.306B	7.682B	8.484B	7.724B
EBITDA Margin	42.8%	42.8%	39.7%	45.6%	42.1%	37.5%	32.5%	35.6%	34.9%
Depreciation & Amortization	8.496B	2.599B	2.552B	2.408B	938.055M	824.769M	650.971M	886.386M	745.300M
EPS Basic	3.66	0.93	0.91	0.97	0.85	0.72	0.77	0.82	0.70
EPS Diluted	3.58	0.91	0.89	0.95	0.84	0.71	0.75	0.80	0.69
Shares Outstanding	9.033B	9.033B	9.056B	9.081B	9.097B	9.324B	9.269B	9.238B	9.538B
Diluted Shares Outstanding	9.173B	9.173B	9.283B	9.232B	9.247B	9.261B	9.408B	9.360B	9.445B

TCEHY Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	58.768B	47.840B	41.284B	34.597B	38.707B	33.939B	24.058B	20.664B
Revenue	104.544B	90.429B	85.780B	80.360B	88.151B	73.852B	54.179B	45.466B
Cost of Goods Sold	45.776B	42.589B	44.495B	45.763B	49.445B	39.914B	30.121B	24.801B
Gross Profit Margin	56.2%	52.9%	48.1%	43.1%	43.9%	46.0%	44.4%	45.5%
Total Operating Expenses	24.733B	19.339B	18.738B	18.537B	-4.041B	5.714B	10.190B	9.321B
Research & Development	11.924B	9.681B	0.00	8.898B	8.165B	5.971B	4.364B	3.335B
Selling, General & Administrative	12.809B	20.427B	19.400B	19.697B	20.529B	15.532B	10.747B	9.561B
Operating Income (EBIT)	34.035B	28.501B	22.546B	16.060B	42.748B	28.225B	17.044B	14.198B
Operating Margin	32.6%	31.5%	26.3%	20.0%	48.5%	38.2%	31.5%	31.2%
Income Before Tax (EBT)	38.556B	33.074B	22.722B	30.464B	39.040B	27.579B	15.710B	13.735B
Interest Income	2.376B	2.192B	1.945B	1.245B	1.047B	1.066B	906.690M	664.333M
Interest Expense	2.104B	1.705B	1.674B	1.447B	1.246B	1.141B	1.104B	712.169M
Other Income/Expense	4.521B	4.573B	176.063M	14.404B	-3.708B	-645.738M	-1.335B	-462.663M
Net Income	31.268B	26.580B	16.228B	27.278B	35.382B	24.489B	13.399B	11.446B
Income Tax Expense	6.598B	6.166B	6.095B	3.118B	3.187B	3.048B	1.940B	2.106B
Net Profit Margin	29.9%	29.4%	18.9%	33.9%	40.1%	33.2%	24.7%	25.2%
EBITDA	43.191B	31.513B	25.908B	19.461B	49.362B	36.499B	23.229B	19.427B
EBITDA Margin	41.3%	34.8%	30.2%	24.2%	56.0%	49.4%	42.9%	42.7%
Depreciation & Amortization	9.156B	3.031B	2.956B	3.393B	9.076B	7.779B	6.415B	4.980B
EPS Basic	3.44	2.87	1.72	2.86	3.71	2.58	1.42	1.21
EPS Diluted	3.36	2.81	1.67	2.80	3.64	2.53	1.40	1.20
Shares Outstanding	9.085B	9.269B	9.455B	9.528B	9.528B	9.490B	9.468B	9.444B
Diluted Shares Outstanding	9.244B	9.408B	9.610B	9.695B	9.696B	9.650B	9.603B	9.568B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Tencent Holdings Limited

Tencent Holdings Limited is an investment holding company that specializes in providing a wide array of value-added services (VAS) and online advertising solutions, operating both within Mainland China and across international markets. The company's diverse business operations are structured into several key segments: Value-Added Services (VAS), Online Advertising, FinTech and Business Services, and other various ventures. Tencent's offerings encompass popular online games, extensive social networking platforms, cutting-edge FinTech and cloud computing solutions, and comprehensive digital advertising services. Beyond these core areas, the company is also actively involved in the production, investment, and distribution of films and television programs for external clients, alongside managing copyright licensing, merchandise sales, and related activities. Further expanding its technological and entertainment footprint, Tencent develops proprietary software, operates its significant online gaming portfolio, and delivers services in information technology, system integration, and asset management. Its cultural ventures extend to online literature and digital music entertainment platforms. Established in 1998, Tencent Holdings maintains its headquarters in Shenzhen, People's Republic of China.

Shenzhen

110,558 employees

www.tencent.com

Communication Services / Internet Content & Information

Sector: Communication Services
Industry: Internet Content & Information
CEO: Huateng Ma

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