Tencent Holdings Limited logo

Tencent Holdings Limited

80700.HK

HKSECommunication ServicesInternet Content & Information

Latest quote

CN¥378

−CN¥13.20 · -3.37%

Aug 24, 10:58 AM HKT

80700.HK company overview

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Company profile

Company website

Tencent Holdings Limited, operating as an investment holding company, offers a diverse range of value-added services, marketing solutions, financial technology (fintech), and business services to customers within Mainland China and across global markets. Its consumer-facing operations primarily include communication and social platforms, such as instant messaging and social networks. This segment also encompasses a vast array of digital content, including online gaming, video streaming, live broadcasts, news, music, and literary works. Furthermore, it delivers fintech services, featuring mobile payment solutions, wealth management, lending, and securities trading, alongside various utility tools for network security, web browsing, navigation, application management, and email services. For its enterprise clients, Tencent provides advanced marketing solutions that utilize digital tools for user insights, creative campaign management, strategic placement, and digital asset management. Its robust cloud services division offers sophisticated capabilities in cloud computing, big data analytics, artificial intelligence (AI), the Internet of Things (IoT), and security technologies. These services support a broad spectrum of industries, including financial services, education, healthcare, retail, manufacturing, transportation, energy, and broadcast media. The company's innovation ventures explore pioneering artificial intelligence applications like robotics and quantum computing. It also develops next-generation enterprise technologies aimed at sustainable solutions for areas such as food production, energy generation, and water resource management. In addition to these activities, Tencent actively invests in, produces, and distributes films and television programs. Its business also extends to intellectual property licensing and merchandise sales, providing internet advertising, undertaking software development and IT system integration, and developing and operating mobile games. Established in 1998, the company was originally known as Tencent (BVI) Limited before officially changing its name to Tencent Holdings Limited in February 2004. Its corporate headquarters are situated in Shenzhen, People's Republic of China.

Industry
Internet Content & Information
Sector
Communication Services
Headquarters
CN
CEO
Huateng Ma
Listed since
Jun 19, 2023
Employees
115,849

Market position

Day range

Current CN¥378

52-week range

Current CN¥378

Open
CN¥387
Previous close
CN¥391.2
Volume
15K
0.71× average
Average volume
21.1K
Average daily volume
Market cap
3.43T CNY
Beta
0.73
Market reference 1
50-day average
CN¥392.52
-3.70% below average
200-day average
CN¥465.64
-18.82% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.15T CNY
P/E (TTM)
14.58×
P/B (TTM)
2.99×
P/S (TTM)
4.32×
EV / EBITDA
18.82×
Earnings yield
4.60%
Free cash flow yield
3.89%
Dividend yield
1.20%

Profitability & efficiency

Gross margin
56.19%
Operating margin
32.65%
Net margin
29.84%
Return on equity
19.47%
Return on assets
11.02%
Return on invested capital
11.88%

Financial health

Debt / equity
0.42×
Current ratio
1.44×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%45%30%15%Gross margin, FY2021: 43.91%Gross margin, FY2022: 43.05%Gross margin, FY2023: 48.13%Gross margin, FY2024: 52.90%Gross margin, FY2025: 56.25%Operating margin, FY2021: 48.49%Operating margin, FY2022: 19.98%Operating margin, FY2023: 26.28%Operating margin, FY2024: 31.52%Operating margin, FY2025: 32.13%Net margin, FY2021: 40.14%Net margin, FY2022: 33.95%Net margin, FY2023: 18.92%Net margin, FY2024: 29.39%Net margin, FY2025: 29.91%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.91%. Gross margin FY2022 43.05%. Gross margin FY2023 48.13%. Gross margin FY2024 52.90%. Gross margin FY2025 56.25%. Operating margin FY2021 48.49%. Operating margin FY2022 19.98%. Operating margin FY2023 26.28%. Operating margin FY2024 31.52%. Operating margin FY2025 32.13%. Net margin FY2021 40.14%. Net margin FY2022 33.95%. Net margin FY2023 18.92%. Net margin FY2024 29.39%. Net margin FY2025 29.91%.

Income trends

Revenue

751.77B CNY+13.86%

Operating income

241.56B CNY+16.08%

Net income

224.84B CNY+15.85%
Income trends across reported periods815.86B CNY559.48B CNY303.11B CNY46.73B CNYRevenue, FY2021: 560.12B CNYRevenue, FY2022: 554.55B CNYRevenue, FY2023: 609.02B CNYRevenue, FY2024: 660.26B CNYRevenue, FY2025: 751.77B CNYOperating income, FY2021: 271.62B CNYOperating income, FY2022: 110.83B CNYOperating income, FY2023: 160.07B CNYOperating income, FY2024: 208.1B CNYOperating income, FY2025: 241.56B CNYNet income, FY2021: 224.82B CNYNet income, FY2022: 188.24B CNYNet income, FY2023: 115.22B CNYNet income, FY2024: 194.07B CNYNet income, FY2025: 224.84B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 560.12B CNY. Revenue FY2022 554.55B CNY. Revenue FY2023 609.02B CNY. Revenue FY2024 660.26B CNY. Revenue FY2025 751.77B CNY. Operating income FY2021 271.62B CNY. Operating income FY2022 110.83B CNY. Operating income FY2023 160.07B CNY. Operating income FY2024 208.1B CNY. Operating income FY2025 241.56B CNY. Net income FY2021 224.82B CNY. Net income FY2022 188.24B CNY. Net income FY2023 115.22B CNY. Net income FY2024 194.07B CNY. Net income FY2025 224.84B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue751.77B CNY660.26B CNY609.02B CNY554.55B CNY560.12B CNY
Cost of goods sold328.9B CNY311.01B CNY315.91B CNY315.81B CNY314.17B CNY
Gross profit422.87B CNY349.25B CNY293.11B CNY238.75B CNY245.94B CNY
Research and development85.75B CNY70.69B CNY64.08B CNY61.4B CNY51.88B CNY
Selling, general, and administrative177.85B CNY78.46B CNY137.74B CNY135.93B CNY130.44B CNY
Operating expenses181.31B CNY141.15B CNY133.04B CNY127.92B CNY−25.68B CNY
Interest income16.64B CNY16B CNY13.81B CNY8.59B CNY6.65B CNY
Interest expense14.74B CNY12.45B CNY11.89B CNY9.99B CNY7.92B CNY
Depreciation and amortization27.77B CNY56.21B CNY20.99B CNY23.42B CNY57.67B CNY
Operating income241.56B CNY208.1B CNY160.07B CNY110.83B CNY271.62B CNY
Net income224.84B CNY194.07B CNY115.22B CNY188.24B CNY224.82B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+6.87%
11 comparable reports
Latest EPS result
7.43
Estimate 7.3 · Beat by 1.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates7.887.046.215.37Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual 6.03, estimate 5.67, surprise +6.35%, Beat. Q2 2025, reported May 14, 2025: actual 6.58, estimate 6.37, surprise +3.30%, Beat. Q3 2025, reported Aug 13, 2025: actual 6.79, estimate 6.48, surprise +4.78%, Beat. Q4 2025, reported Nov 13, 2025: actual 7.58, estimate 7, surprise +8.29%, Beat. Q1 2026, reported Mar 18, 2026: actual 6.97, estimate 6.94, surprise +0.43%, Beat. Q2 2026, reported May 13, 2026: actual 7.36, estimate 7.27, surprise +1.24%, Beat. Q3 2026, reported Aug 12, 2026: actual 7.43, estimate 7.3, surprise +1.78%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 7.32, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates219.83B200.04B180.24B160.45BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual 172.45B CNY, estimate 168.91B CNY, surprise +2.10%, Beat. Q2 2025, reported May 14, 2025: actual 180.02B CNY, estimate 175.64B CNY, surprise +2.49%, Beat. Q3 2025, reported Aug 13, 2025: actual 184.5B CNY, estimate 179.08B CNY, surprise +3.03%, Beat. Q4 2025, reported Nov 13, 2025: actual 192.87B CNY, estimate 189.04B CNY, surprise +2.03%, Beat. Q1 2026, reported Mar 18, 2026: actual 194.37B CNY, estimate 194.1B CNY, surprise +0.14%, Beat. Q2 2026, reported May 13, 2026: actual 196.46B CNY, estimate 199.26B CNY, surprise -1.41%, Miss. Q3 2026, reported Aug 12, 2026: actual 204.79B CNY, estimate 202.28B CNY, surprise +1.24%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 211.38B CNY, surprise —, Comparison unavailable.

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