Tencent Holdings (TENCENT) cash flow statement

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

In Q2 '26 Tencent Holdings (TENCENT) generated CN¥52.7B of operating cash flow, invested CN¥47.7B in capital expenditure and kept CN¥4.99B of free cash flow. Over the last four quarters free cash flow was CN¥179B.

Cash flow

Cash flow	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Operating
Net income	CN¥36.2B	CN¥27B	CN¥41.9B	CN¥47.6B	CN¥53.2B	CN¥51.3B	CN¥47.8B	CN¥55.6B	CN¥63.1B	CN¥58.3B	CN¥58.1B	CN¥56B
Depreciation & amortization	CN¥13.5B	CN¥14.5B	CN¥13.5B	CN¥13.7B	CN¥14B	CN¥15B	CN¥14.8B	CN¥15.7B	CN¥17.3B	CN¥18.1B	CN¥18B	CN¥18B
Stock-based compensation	CN¥5.66B	CN¥5.73B	CN¥6.2B	CN¥6.2B	CN¥6.38B	CN¥6.14B	CN¥11.1B	CN¥8.26B	CN¥7.19B	CN¥7.21B	CN¥6.53B	CN¥6.58B
Change in working capital	CN¥0	CN¥7.37B	CN¥0	CN¥0	CN¥0	-CN¥5.52B	CN¥0	CN¥0	CN¥0	CN¥16.5B	CN¥0	CN¥0
Other non-cash items	CN¥9.69B	-CN¥699M	CN¥10.7B	-CN¥13.4B	CN¥4.41B	-CN¥12.9B	CN¥3.25B	-CN¥5.19B	-CN¥2.29B	-CN¥33.6B	CN¥18.7B	-CN¥27.9B
Operating cash flow	CN¥65B	CN¥54B	CN¥72.4B	CN¥54.1B	CN¥78B	CN¥54B	CN¥76.9B	CN¥74.4B	CN¥85.3B	CN¥66.5B	CN¥101B	CN¥52.7B
Investing
Capital expenditure	-CN¥10B	-CN¥4.64B	-CN¥14.4B	CN¥2.65B	-CN¥27.6B	-CN¥22.7B	-CN¥23B	-CN¥22.6B	-CN¥14B	-CN¥27.9B	-CN¥37B	-CN¥47.7B
Acquisitions	CN¥323M	-CN¥7.63B	CN¥0	-CN¥1.39B	CN¥1.39B	-CN¥7.85B	CN¥0	-CN¥10B	CN¥10B	-CN¥11.6B	CN¥0	CN¥0
Other investing	-CN¥22.7B	CN¥4.27B	-CN¥53.6B	CN¥21.2B	-CN¥7.55B	-CN¥12.4B	-CN¥6.5B	-CN¥10.3B	-CN¥71.5B	-CN¥18.3B	CN¥26.4B	-CN¥16.4B
Investing cash flow	-CN¥32.4B	-CN¥8B	-CN¥67.9B	CN¥22.5B	-CN¥33.8B	-CN¥42.9B	-CN¥29.5B	-CN¥42.9B	-CN¥75.5B	-CN¥57.8B	-CN¥10.6B	-CN¥64.2B
Financing
Share buybacks	-CN¥17.2B	-CN¥14.7B	-CN¥13.5B	-CN¥35.3B	-CN¥34.7B	-CN¥18.7B	-CN¥15.8B	-CN¥20.4B	-CN¥21.5B	-CN¥21.6B	-CN¥8.49B	-CN¥15.1B
Dividends	-CN¥1.78B	-CN¥21B	CN¥0	-CN¥28.9B	-CN¥2.88B	CN¥2.88B	CN¥0	-CN¥37.5B	-CN¥3.43B	CN¥3.43B	CN¥0	-CN¥47.9B
Other financing (incl. tax on vested shares)	-CN¥6.23B	CN¥16B	-CN¥2.02B	-CN¥20.1B	-CN¥14B	-CN¥9.3B	CN¥40.6B	CN¥3.02B	-CN¥5.72B	-CN¥8.27B	-CN¥3.63B	CN¥65.6B
Financing cash flow	-CN¥25.2B	-CN¥19.8B	-CN¥15.5B	-CN¥84.3B	-CN¥51.5B	-CN¥25.2B	CN¥24.8B	-CN¥54.9B	-CN¥30.6B	-CN¥26.4B	-CN¥12.1B	CN¥2.65B
Summary
FX effect on cash	-CN¥553M	-CN¥339M	-CN¥212M	CN¥175M	-CN¥717M	CN¥1.11B	CN¥526M	CN¥265M	-CN¥1.24B	-CN¥1.19B	-CN¥1.95B	-CN¥2.03B
Net change in cash	CN¥6.83B	CN¥25.8B	-CN¥11.3B	-CN¥7.51B	-CN¥8.04B	-CN¥12.9B	CN¥72.7B	-CN¥23.2B	-CN¥22.1B	-CN¥18.9B	CN¥76.7B	-CN¥10.8B
Free cash flow (OCF - capex)	CN¥55B	CN¥49.3B	CN¥57.2B	CN¥56.8B	CN¥50.4B	CN¥17.5B	CN¥53.9B	CN¥51.8B	CN¥71.3B	CN¥38.6B	CN¥64.4B	CN¥4.99B
Interest paid	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥7B	CN¥0	CN¥13.2B	CN¥0	CN¥0

Cash flow	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Operating
Net income	CN¥41.1B	CN¥71.5B	CN¥78.7B	CN¥93.3B	CN¥160B	CN¥225B	CN¥188B	CN¥115B	CN¥194B	CN¥230B
Depreciation & amortization	CN¥12.7B	CN¥23.6B	CN¥34.2B	CN¥44.7B	CN¥50.8B	CN¥57.7B	CN¥61.2B	CN¥59B	CN¥56.2B	CN¥66B
Stock-based compensation	CN¥5.23B	CN¥7.08B	CN¥11.4B	CN¥12.8B	CN¥17.1B	CN¥30.8B	CN¥24.9B	CN¥22.8B	CN¥23.4B	CN¥25.7B
Change in working capital	-CN¥4.52B	-CN¥1.59B	-CN¥18B	-CN¥3.17B	-CN¥3.79B	-CN¥22B	-CN¥5.32B	CN¥7.37B	-CN¥5.52B	CN¥16.5B
Other non-cash items	CN¥11B	CN¥5.53B	CN¥4.57B	CN¥1B	-CN¥29.8B	-CN¥116B	-CN¥123B	CN¥17.6B	-CN¥9.67B	-CN¥34.9B
Operating cash flow	CN¥65.5B	CN¥106B	CN¥111B	CN¥149B	CN¥194B	CN¥175B	CN¥146B	CN¥222B	CN¥259B	CN¥303B
Investing
Capital expenditure	-CN¥8.4B	-CN¥12.1B	-CN¥19.7B	-CN¥22.8B	-CN¥34.1B	-CN¥31B	-CN¥23.2B	-CN¥21B	-CN¥62.9B	-CN¥87.5B
Acquisitions	CN¥1.29B	-CN¥21M	-CN¥3.21B	-CN¥15.4B	-CN¥43.7B	-CN¥67B	-CN¥1.24B	-CN¥8.9B	-CN¥4.94B	-CN¥34.7B
Purchases of investments	-CN¥90.6B	-CN¥121B	-CN¥139B	-CN¥135B	-CN¥133B	-CN¥166B	-CN¥182B	-CN¥303B	-CN¥385B	-CN¥490B
Sales / maturities of investments	CN¥44B	CN¥91.9B	CN¥79.7B	CN¥99.6B	CN¥54.6B	CN¥118B	CN¥121B	CN¥221B	CN¥345B	CN¥411B
Other investing	-CN¥63.8B	-CN¥84.3B	-CN¥129B	-CN¥42.7B	-CN¥26B	-CN¥32.8B	-CN¥19B	-CN¥13.1B	-CN¥14.6B	-CN¥3.94B
Investing cash flow	-CN¥70.9B	-CN¥96.4B	-CN¥152B	-CN¥116B	-CN¥182B	-CN¥179B	-CN¥105B	-CN¥125B	-CN¥122B	-CN¥206B
Financing
Net debt issued / repaid	CN¥37.5B	CN¥29B	CN¥37.8B	CN¥23B	CN¥44.5B	CN¥59.8B	CN¥6.41B	CN¥9.3B	-CN¥14.3B	CN¥52.7B
Share buybacks	CN¥0	CN¥0	-CN¥783M	-CN¥1.05B	CN¥0	-CN¥2.17B	-CN¥29.3B	-CN¥43.8B	-CN¥102B	-CN¥73.3B
Dividends	-CN¥3.7B	-CN¥5.05B	-CN¥6.78B	-CN¥8.32B	-CN¥10.3B	-CN¥12.5B	-CN¥13B	-CN¥21B	-CN¥28.9B	-CN¥37.5B
Other financing (incl. tax on vested shares)	-CN¥611M	CN¥4.7B	CN¥2.05B	-CN¥10.8B	-CN¥20.4B	-CN¥21.7B	-CN¥22.2B	-CN¥23.8B	-CN¥29.5B	-CN¥26.9B
Financing cash flow	CN¥31.4B	CN¥26.6B	CN¥30.9B	CN¥1.67B	CN¥13.6B	CN¥21.6B	-CN¥60B	-CN¥82.6B	-CN¥176B	-CN¥87.2B
Summary
FX effect on cash	CN¥2.43B	-CN¥2.55B	CN¥2.21B	CN¥1.09B	-CN¥6B	-CN¥3.09B	CN¥7.51B	CN¥1.35B	CN¥359M	-CN¥1.64B
Net change in cash	CN¥28.5B	CN¥33.8B	-CN¥7.88B	CN¥35.2B	CN¥19.8B	CN¥15.2B	-CN¥11.2B	CN¥15.6B	-CN¥39.8B	CN¥8.52B
Free cash flow (OCF - capex)	CN¥46.8B	CN¥74.1B	CN¥52.4B	CN¥91.6B	CN¥128B	CN¥113B	CN¥95.2B	CN¥175B	CN¥182B	CN¥190B

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.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Share count and EPS

quarterly, diluted

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen

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.