Tencent Holdings Limited (TCEHY) Operating Margin: 32.33%
Is Tencent Holdings Limited’s operating margin high or low?
Tencent Holdings Limited's operating margin of 32.33% is in line with its 5-year average of 32.84%, around the middle of its 5-year range (19.98%–48.49%).
As of Sunday, June 14, 2026. 0.91% above its 12-month average of 32.04%.
TCEHY Operating Margin Chart
TCEHY Average Operating Margin Chart
TCEHY Current vs Average Operating Margin Chart
TCEHY Operating Margin Metrics
OPERATING MARGIN
32.33%
OPERATING MARGIN AVG TTM
32.04%
OPERATING MARGIN AVG 3Y
27.59%
OPERATING MARGIN AVG 5Y
32.84%
OPERATING MARGIN AVG 10Y
34.01%
OPERATING MARGIN AVG 15Y
35.81%
OPERATING MARGIN AVG 20Y
37.38%
CURRENT VS TTM AVG
+0.91%
CURRENT VS 3Y AVG
+17.20%
CURRENT VS 5Y AVG
-1.56%
CURRENT VS 10Y AVG
-4.95%
CURRENT VS 15Y AVG
-9.72%
CURRENT VS 20Y AVG
-13.51%
TCEHY Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $533.13B | 32.33% | 32.04% | 27.59% | 32.84% |
| Netflix, Inc. (NFLX) | $338.30B | 29.72% | 28.10% | 23.66% | 22.31% |
| T-Mobile US, Inc. (TMUS) | $204.64B | 20.36% | 21.68% | 17.44% | 14.67% |
| Verizon Communications Inc. (VZ) | $200.89B | 21.22% | 21.94% | 21.92% | 22.48% |
| The Walt Disney Company (DIS) | $173.72B | 15.50% | 13.84% | 11.49% | 9.54% |
| AT&T Inc. (T) | $163.84B | 19.35% | 19.53% | 13.87% | 14.96% |
| Spotify Technology S.A. (SPOT) | $99.11B | 13.70% | 10.75% | 3.13% | 1.63% |
| Comcast Corporation (CMCSA) | $87.52B | 15.28% | 17.77% | 18.34% | 18.02% |
| Electronic Arts Inc. (EA) | $50.97B | 15.43% | 17.90% | 18.45% | 18.09% |
| Reddit, Inc. (RDDT) | $31.21B | 25.11% | -11.52% | -16.57% | -19.98% |
Operating Efficiency
Gross Margin
55.4%
Operating Margin
32.3%
Tencent Holdings Limited Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tencent Holdings Limited Operating Margin FAQ
- What is the operating margin for Tencent Holdings Limited (TCEHY)?
- The operating margin for TCEHY stock is 32.33%.
- Is Tencent Holdings Limited's operating margin high or low?
- Tencent Holdings Limited's operating margin of 32.33% is in line with its 5-year average of 32.84%, around the middle of its 5-year range (19.98%–48.49%).
- What is the TTM average operating margin for Tencent Holdings Limited (TCEHY)?
- The TTM average operating margin for TCEHY stock is 32.04%.
- What is the 3Y average operating margin for Tencent Holdings Limited (TCEHY)?
- The 3Y average operating margin for TCEHY stock is 27.59%.
- What is the 5Y average operating margin for Tencent Holdings Limited (TCEHY)?
- The 5Y average operating margin for TCEHY stock is 32.84%.
- What is the 10Y average operating margin for Tencent Holdings Limited (TCEHY)?
- The 10Y average operating margin for TCEHY stock is 34.01%.
- What is the 15Y average operating margin for Tencent Holdings Limited (TCEHY)?
- The 15Y average operating margin for TCEHY stock is 35.81%.
- What is the 20Y average operating margin for Tencent Holdings Limited (TCEHY)?
- The 20Y average operating margin for TCEHY stock is 37.38%.
Tencent Holdings Limited Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 32.56% |
| 2024-12-31 | 31.52% |
| 2023-12-31 | 26.28% |
| 2022-12-31 | 19.98% |
| 2021-12-31 | 48.49% |
| 2020-12-31 | 38.22% |
| 2019-12-31 | 31.46% |
| 2018-12-31 | 31.23% |
| 2017-12-31 | 37.98% |
| 2016-12-31 | 36.93% |
| 2015-12-31 | 39.50% |
| 2014-12-31 | 38.69% |
| 2013-12-31 | 31.76% |
| 2012-12-31 | 35.27% |
| 2011-12-31 | 43.00% |
| 2010-12-31 | 50.08% |
| 2009-12-31 | 48.40% |
| 2008-12-31 | 45.37% |
| 2007-12-31 | 42.79% |
| 2006-12-31 | 41.54% |
| 2005-12-31 | 33.96% |
| 2004-12-31 | 40.21% |
| 2003-12-31 | 45.74% |
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.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Huateng Ma