Tencent Holdings (TENCENT) balance sheet

HKSE · Communication Services · Internet Content & Information · 115,849 employees · CEO Huateng Ma

Price: HK$383.60 +1.59%
Market cap: HK$3.46T
Enterprise value: CN¥3.18T
Last report: Q2 '26 filed 2026-06-30
Next report: 2026-11-18

At the end of Q2 '26 Tencent Holdings (TENCENT) held CN¥470B in cash and short-term investments against CN¥472B of debt incl. leases. Total assets CN¥2.16T, total liabilities CN¥937B, shareholders' equity CN¥1.14T.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥149B	CN¥176B	CN¥164B	CN¥157B	CN¥149B	CN¥136B	CN¥209B	CN¥182B	CN¥164B	CN¥148B	CN¥225B	CN¥215B
Short-term investments	CN¥209B	CN¥200B	CN¥252B	CN¥210B	CN¥210B	CN¥206B	CN¥168B	CN¥198B	CN¥258B	CN¥286B	CN¥241B	CN¥255B
Receivables	CN¥47.2B	CN¥96.2B	CN¥52.4B	CN¥104B	CN¥47.3B	CN¥102B	CN¥49.4B	CN¥86.2B	CN¥52.4B	CN¥50B	CN¥57.9B	CN¥55.6B
Inventory	CN¥1.67B	CN¥455M	CN¥1.06B	CN¥4.38B	CN¥9.81B	CN¥440M	CN¥428M	CN¥435M	CN¥550M	CN¥530M	CN¥580M	CN¥685M
Other current assets	CN¥97.2B	CN¥29.2B	CN¥93.7B	CN¥17.2B	CN¥108B	CN¥32.7B	CN¥107B	CN¥51.5B	CN¥108B	CN¥111B	CN¥121B	CN¥137B
Current assets	CN¥504B	CN¥529B	CN¥564B	CN¥521B	CN¥523B	CN¥508B	CN¥534B	CN¥545B	CN¥582B	CN¥596B	CN¥645B	CN¥663B
Property, plant & equipment (net)	CN¥83.6B	CN¥87B	CN¥86.2B	CN¥89.4B	CN¥100B	CN¥110B	CN¥122B	CN¥160B	CN¥167B	CN¥177B	CN¥188B	CN¥224B
Long-term investments	CN¥698B	CN¥721B	CN¥737B	CN¥788B	CN¥836B	CN¥888B	CN¥955B	CN¥819B	CN¥1.03T	CN¥986B	CN¥916B	CN¥921B
Goodwill	CN¥0	CN¥126B	CN¥0	CN¥0	CN¥0	CN¥142B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Intangible assets	CN¥175B	CN¥65.2B	CN¥178B	CN¥191B	CN¥178B	CN¥66.4B	CN¥208B	CN¥239B	CN¥212B	CN¥206B	CN¥198B	CN¥228B
Deferred tax assets	CN¥29.8B	CN¥23B	CN¥30.5B	CN¥38.2B	CN¥31.2B	CN¥23.1B	CN¥29.5B	CN¥30B	CN¥29.9B	CN¥28.6B	CN¥29.6B	CN¥31.5B
Other non-current assets	CN¥45.9B	CN¥27.5B	CN¥51.5B	CN¥32.9B	CN¥51.2B	CN¥48.8B	CN¥73B	CN¥221B	CN¥47B	CN¥46.9B	CN¥67.3B	CN¥91.1B
Non-current assets	CN¥1.03T	CN¥1.05T	CN¥1.08T	CN¥1.14T	CN¥1.2T	CN¥1.28T	CN¥1.39T	CN¥1.47T	CN¥1.49T	CN¥1.44T	CN¥1.4T	CN¥1.5T
Total assets	CN¥1.54T	CN¥1.58T	CN¥1.65T	CN¥1.66T	CN¥1.72T	CN¥1.79T	CN¥1.92T	CN¥2.01T	CN¥2.07T	CN¥2.04T	CN¥2.04T	CN¥2.16T
Liabilities
Accounts payable	CN¥112B	CN¥101B	CN¥113B	CN¥121B	CN¥142B	CN¥119B	CN¥126B	CN¥131B	CN¥129B	CN¥121B	CN¥141B	CN¥176B
Accrued expenses	CN¥0	CN¥30.7B	CN¥0	CN¥22.7B	CN¥0	CN¥33.3B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥66B	CN¥61.7B	CN¥74.6B	CN¥64.8B	CN¥56.7B	CN¥67.1B	CN¥59B	CN¥71.5B	CN¥68.1B	CN¥58.6B	CN¥60B	CN¥91.8B
Taxes payable	CN¥22.4B	CN¥0	CN¥0	CN¥21.3B	CN¥0	CN¥0	CN¥0	CN¥23.7B	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥88.6B	CN¥86.6B	CN¥106B	CN¥108B	CN¥106B	CN¥101B	CN¥123B	CN¥0	CN¥122B	CN¥110B	CN¥141B	CN¥134B
Other current liabilities	CN¥78.3B	CN¥53.9B	CN¥73.7B	CN¥54.1B	CN¥82.6B	CN¥60B	CN¥82.6B	CN¥200B	CN¥93.1B	CN¥104B	CN¥90.3B	CN¥97.5B
Current liabilities	CN¥361B	CN¥352B	CN¥389B	CN¥388B	CN¥407B	CN¥398B	CN¥409B	CN¥435B	CN¥429B	CN¥413B	CN¥452B	CN¥515B
Long-term debt	CN¥290B	CN¥292B	CN¥284B	CN¥284B	CN¥278B	CN¥277B	CN¥333B	CN¥322B	CN¥328B	CN¥335B	CN¥331B	CN¥367B
Lease obligations (non-current)	CN¥16.1B	CN¥16.4B	CN¥15.2B	CN¥15B	CN¥14B	CN¥13.9B	CN¥13.4B	CN¥13.3B	CN¥13.1B	CN¥13.3B	CN¥13B	CN¥13.4B
Deferred revenue (non-current)	CN¥3.35B	CN¥3.42B	CN¥4.38B	CN¥4.82B	CN¥6.46B	CN¥6.23B	CN¥4.49B	CN¥4.4B	CN¥3.85B	CN¥2.21B	CN¥2.56B	CN¥2.13B
Deferred tax liabilities	CN¥16.5B	CN¥22.9B	CN¥16.8B	CN¥21.1B	CN¥15.5B	CN¥23.9B	CN¥20.1B	CN¥16.9B	CN¥21.4B	CN¥21.7B	CN¥23.5B	CN¥22.6B
Other non-current liabilities	CN¥21.3B	CN¥20.9B	CN¥20.8B	CN¥21B	CN¥20.1B	CN¥14.4B	CN¥16.4B	CN¥18.4B	CN¥17.1B	CN¥13.4B	CN¥14.4B	CN¥16.7B
Non-current liabilities	CN¥347B	CN¥356B	CN¥341B	CN¥346B	CN¥335B	CN¥335B	CN¥387B	CN¥375B	CN¥384B	CN¥385B	CN¥385B	CN¥421B
Total liabilities	CN¥708B	CN¥708B	CN¥730B	CN¥734B	CN¥742B	CN¥733B	CN¥797B	CN¥810B	CN¥813B	CN¥798B	CN¥837B	CN¥937B
Equity
Retained earnings	CN¥785B	CN¥834B	CN¥857B	CN¥842B	CN¥860B	CN¥916B	CN¥923B	CN¥920B	CN¥965B	CN¥1.01T	CN¥1.06T	CN¥1.07T
Accumulated other comprehensive income	-CN¥57.8B	-CN¥55.4B	-CN¥28.1B	-CN¥6.95B	CN¥21.1B	CN¥22.4B	CN¥80.4B	CN¥144B	CN¥159B	CN¥0	CN¥7.61B	CN¥0
Shareholders' equity	CN¥766B	CN¥806B	CN¥849B	CN¥860B	CN¥911B	CN¥973B	CN¥1.04T	CN¥1.11T	CN¥1.17T	CN¥1.15T	CN¥1.12T	CN¥1.14T
Debt
Total debt (incl. leases)	CN¥372B	CN¥370B	CN¥374B	CN¥364B	CN¥349B	CN¥358B	CN¥405B	CN¥412B	CN¥409B	CN¥407B	CN¥404B	CN¥472B
Net debt (debt - cash)	CN¥223B	CN¥195B	CN¥210B	CN¥207B	CN¥200B	CN¥222B	CN¥196B	CN¥230B	CN¥246B	CN¥258B	CN¥180B	CN¥257B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥72.6B	CN¥109B	CN¥100B	CN¥133B	CN¥155B	CN¥170B	CN¥157B	CN¥176B	CN¥136B	CN¥148B
Short-term investments	CN¥51.9B	CN¥37.7B	CN¥69.5B	CN¥53.6B	CN¥74.9B	CN¥94.2B	CN¥131B	CN¥200B	CN¥206B	CN¥286B
Receivables	CN¥14.4B	CN¥24.8B	CN¥36.9B	CN¥50.9B	CN¥67.3B	CN¥84.4B	CN¥86.1B	CN¥96.2B	CN¥102B	CN¥50B
Inventory	CN¥263M	CN¥299M	CN¥324M	CN¥707M	CN¥812M	CN¥1.06B	CN¥2.3B	CN¥455M	CN¥440M	CN¥530M
Other current assets	CN¥8.98B	CN¥7.91B	CN¥11.1B	CN¥3.66B	CN¥20.6B	CN¥128B	CN¥169B	CN¥29.2B	CN¥32.7B	CN¥111B
Current assets	CN¥153B	CN¥186B	CN¥226B	CN¥250B	CN¥329B	CN¥497B	CN¥570B	CN¥529B	CN¥508B	CN¥596B
Property, plant & equipment (net)	CN¥18.6B	CN¥27.1B	CN¥40B	CN¥60.7B	CN¥77.5B	CN¥88.1B	CN¥84.5B	CN¥87B	CN¥110B	CN¥177B
Long-term investments	CN¥174B	CN¥289B	CN¥370B	CN¥428B	CN¥717B	CN¥790B	CN¥676B	CN¥721B	CN¥888B	CN¥986B
Goodwill	CN¥22.9B	CN¥23.9B	CN¥32.6B	CN¥92.1B	CN¥108B	CN¥112B	CN¥115B	CN¥126B	CN¥142B	CN¥0
Intangible assets	CN¥13.5B	CN¥16.9B	CN¥24.1B	CN¥34.9B	CN¥66.1B	CN¥77.6B	CN¥61.5B	CN¥65.2B	CN¥66.4B	CN¥206B
Deferred tax assets	CN¥3.27B	CN¥4.57B	CN¥7.22B	CN¥17.9B	CN¥10.9B	CN¥14.2B	CN¥22.3B	CN¥23B	CN¥23.1B	CN¥28.6B
Other non-current assets	CN¥10.7B	CN¥14.3B	CN¥24.7B	CN¥55.7B	CN¥23.5B	CN¥31.8B	CN¥31.8B	CN¥27.5B	CN¥48.8B	CN¥46.9B
Non-current assets	CN¥243B	CN¥376B	CN¥498B	CN¥690B	CN¥1T	CN¥1.11T	CN¥991B	CN¥1.05T	CN¥1.28T	CN¥1.44T
Total assets	CN¥396B	CN¥562B	CN¥724B	CN¥940B	CN¥1.33T	CN¥1.61T	CN¥1.56T	CN¥1.58T	CN¥1.79T	CN¥2.04T
Liabilities
Accounts payable	CN¥27.4B	CN¥50.7B	CN¥73.8B	CN¥79.5B	CN¥93.8B	CN¥109B	CN¥91.1B	CN¥101B	CN¥119B	CN¥121B
Accrued expenses	CN¥8.96B	CN¥13.6B	CN¥15.9B	CN¥19.8B	CN¥25.5B	CN¥28.7B	CN¥27.3B	CN¥30.7B	CN¥33.3B	CN¥0
Short-term debt	CN¥15.7B	CN¥20.7B	CN¥40.6B	CN¥36B	CN¥18B	CN¥24.4B	CN¥28B	CN¥61.7B	CN¥67.1B	CN¥58.6B
Taxes payable	CN¥5.96B	CN¥9.64B	CN¥11.3B	CN¥11B	CN¥14.3B	CN¥14.7B	CN¥18.2B	CN¥22B	CN¥20.6B	CN¥0
Deferred revenue	CN¥32.6B	CN¥43.1B	CN¥42.9B	CN¥61.6B	CN¥83.5B	CN¥88.3B	CN¥81.9B	CN¥86.6B	CN¥101B	CN¥110B
Other current liabilities	CN¥11.2B	CN¥16.7B	CN¥19.1B	CN¥30.2B	CN¥35.5B	CN¥139B	CN¥187B	CN¥53.9B	CN¥60B	CN¥104B
Current liabilities	CN¥101B	CN¥154B	CN¥204B	CN¥237B	CN¥270B	CN¥404B	CN¥429B	CN¥352B	CN¥398B	CN¥413B
Long-term debt	CN¥93.7B	CN¥113B	CN¥140B	CN¥185B	CN¥234B	CN¥282B	CN¥308B	CN¥292B	CN¥277B	CN¥335B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥8.3B	CN¥10.2B	CN¥16.5B	CN¥18.2B	CN¥16.4B	CN¥13.9B	CN¥13.3B
Deferred revenue (non-current)	CN¥2.04B	CN¥5.05B	CN¥7.08B	CN¥7.23B	CN¥6.66B	CN¥4.52B	CN¥3.45B	CN¥3.42B	CN¥6.23B	CN¥2.21B
Deferred tax liabilities	CN¥4.77B	CN¥5.65B	CN¥9.84B	CN¥12.7B	CN¥15.8B	CN¥12.9B	CN¥15.9B	CN¥22.9B	CN¥23.9B	CN¥21.7B
Other non-current liabilities	CN¥7.51B	CN¥3.46B	CN¥6.69B	CN¥8.69B	CN¥19.1B	CN¥15.8B	CN¥14.4B	CN¥20.9B	CN¥14.4B	CN¥13.4B
Non-current liabilities	CN¥108B	CN¥127B	CN¥164B	CN¥222B	CN¥285B	CN¥332B	CN¥360B	CN¥356B	CN¥335B	CN¥385B
Total liabilities	CN¥209B	CN¥281B	CN¥368B	CN¥458B	CN¥555B	CN¥735B	CN¥789B	CN¥708B	CN¥733B	CN¥798B
Equity
Retained earnings	CN¥137B	CN¥205B	CN¥300B	CN¥379B	CN¥537B	CN¥683B	CN¥714B	CN¥834B	CN¥916B	CN¥1.01T
Accumulated other comprehensive income	CN¥23.7B	CN¥35.6B	CN¥729M	CN¥16.5B	CN¥121B	CN¥59.1B	-CN¥58.5B	-CN¥55.4B	CN¥22.4B	CN¥0
Shareholders' equity	CN¥174B	CN¥259B	CN¥324B	CN¥426B	CN¥702B	CN¥805B	CN¥711B	CN¥806B	CN¥973B	CN¥1.15T
Debt
Total debt (incl. leases)	CN¥109B	CN¥134B	CN¥181B	CN¥229B	CN¥262B	CN¥323B	CN¥354B	CN¥370B	CN¥358B	CN¥407B
Net debt (debt - cash)	CN¥36.8B	CN¥24.9B	CN¥80.3B	CN¥95.9B	CN¥107B	CN¥153B	CN¥197B	CN¥195B	CN¥222B	CN¥258B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01 · Amounts in CNY as reported; price and market cap in HKD.