Tencent Holdings
$421.20Change from previous close: −2.27%Absolute change: −$9.80
At a glance
- Revenue growth
- +13.86%
- 2025 vs 2024
- Net income growth
- +15.85%
- 2025 vs 2024
- Net margin
- 29.9%
- 2024: 29.4%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 303,052 | 258,521 | 221,962 | 146,091 | 175,186 |
| Depreciation and amortization | 33,988 | 28,323 | 27,387 | 30,137 | 27,794 |
| Capital expenditure | -87,482 | -62,927 | -21,008 | -22,679 | -29,302 |
| Investing cash flow | -205,732 | -122,187 | -125,161 | -104,871 | -178,549 |
| Financing cash flow | -87,155 | -176,494 | -82,573 | -59,953 | 21,620 |
| Dividends paid | -37,535 | -28,859 | -20,983 | -12,952 | -12,503 |
| Share repurchases | -79,135 | -105,856 | -48,387 | -32,189 | -4,997 |
| Debt issued | 231,208 | 114,584 | 63,450 | 30,236 | 83,511 |
| Debt repaid | -185,285 | -135,273 | -60,798 | -29,798 | -28,144 |
| Effect of exchange rates | -1,643 | 359 | 1,353 | 7,506 | -3,089 |
| Net change in cash | 8,522 | -39,801 | 15,581 | -11,227 | 15,168 |
| Free cash flow | 215,570 | 195,594 | 200,954 | 123,412 | 145,884 |
| Levered free cash flow | 139,381 | 126,799 | 149,230 | 71,027 | 94,338 |