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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 52,710 | 101,351 | 66,475 | 85,312 | 74,376 | 76,889 | 54,046 | 78,017 | 54,108 | 72,350 | 53,954 | 65,025 |
| Depreciation and amortization | 11,847 | 10,702 | 8,573 | 9,636 | 8,297 | 7,482 | 6,348 | 7,495 | 7,191 | 7,289 | 5,808 | 7,305 |
| Capital expenditure | -58,615 | -37,000 | -27,916 | -14,008 | -18,082 | -27,476 | -22,745 | -27,630 | 1,807 | -14,359 | -4,639 | -10,014 |
| Investing cash flow | -64,164 | -10,560 | -57,818 | -75,507 | -42,908 | -29,499 | -42,944 | -33,794 | 22,475 | -67,924 | -8,004 | -32,433 |
| Financing cash flow | 2,648 | -12,117 | -26,407 | -30,637 | -54,929 | 24,818 | -25,164 | -51,549 | -84,270 | -15,511 | -19,767 | -25,210 |
| Dividends paid | -41,595 | — | — | -3,431 | -37,535 | — | — | -2,884 | -28,859 | — | — | -1,779 |
| Share repurchases | -16,253 | -8,489 | -21,572 | -21,485 | -19,554 | -16,666 | -22,338 | -34,704 | -35,324 | -13,490 | -14,925 | -17,199 |
| Debt issued | 96,325 | — | 231,208 | -176,398 | 176,398 | — | 114,584 | -47,876 | 47,876 | — | 63,450 | -51,748 |
| Debt repaid | -28,056 | — | -185,285 | 124,397 | -124,397 | — | -135,273 | 57,740 | -57,740 | — | -60,798 | 45,528 |
| Effect of exchange rates | -2,034 | -1,945 | -1,191 | -1,243 | 265 | 526 | 1,113 | -717 | 175 | -212 | -339 | -553 |
| Net change in cash | -10,840 | 76,729 | -18,941 | -22,075 | -23,196 | 72,734 | -12,949 | -8,043 | -7,512 | -11,297 | 25,844 | 6,829 |
| Free cash flow | -5,905 | 64,351 | 38,559 | 71,304 | 56,294 | 49,413 | 31,301 | 50,387 | 55,915 | 57,991 | 49,315 | 55,011 |
| Levered free cash flow | 13,337 | 47,037 | -10,113 | 68,208 | 27,450 | 56,337 | -19,923 | 59,450 | 34,147 | 53,125 | 13,444 | 59,520 |