Tencent Holdings (TENCENT) income 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

Tencent Holdings (TENCENT) reported revenue of CN¥205B for Q2 '26 (+11.0% year on year), operating income of CN¥67.5B (32.9% of revenue) and net income of CN¥55.8B. Over the last four quarters revenue was CN¥787B.

Income statement

Income statement	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	CN¥155B	CN¥155B	CN¥160B	CN¥161B	CN¥167B	CN¥172B	CN¥180B	CN¥185B	CN¥193B	CN¥194B	CN¥195B	CN¥205B
Cost of revenue	CN¥78.1B	CN¥77.6B	CN¥75.6B	CN¥75.2B	CN¥78.4B	CN¥81.8B	CN¥79.5B	CN¥79.5B	CN¥84.1B	CN¥85.8B	CN¥88.4B	CN¥86.4B
Gross profit	CN¥76.5B	CN¥77.6B	CN¥83.9B	CN¥85.9B	CN¥88.8B	CN¥90.7B	CN¥100B	CN¥105B	CN¥109B	CN¥109B	CN¥106B	CN¥118B
Research & development	CN¥16.5B	CN¥16.4B	CN¥15.7B	CN¥17.3B	CN¥17.9B	CN¥19.8B	CN¥18.9B	CN¥20.3B	CN¥22.8B	CN¥23.8B	CN¥22.3B	CN¥27.3B
Sales & marketing	CN¥7.91B	CN¥11B	CN¥7.54B	CN¥9.16B	CN¥9.41B	CN¥10.3B	CN¥7.87B	CN¥9.41B	CN¥11.5B	CN¥13B	CN¥11.3B	CN¥11.9B
General & administrative	CN¥26.3B	CN¥27.2B	CN¥24.8B	CN¥27.5B	CN¥29.1B	CN¥31.4B	CN¥29.7B	CN¥31.9B	CN¥34.3B	CN¥36.3B	CN¥33.8B	CN¥38.8B
Other operating expenses	-CN¥22.6B	-CN¥18.4B	-CN¥16.7B	-CN¥18.8B	-CN¥20.9B	-CN¥22.4B	-CN¥13.5B	-CN¥16.7B	-CN¥23.3B	-CN¥24.8B	-CN¥26.7B	-CN¥26.8B
Operating expenses	CN¥28B	CN¥36.2B	CN¥31.3B	CN¥35.2B	CN¥35.5B	CN¥39.2B	CN¥42.9B	CN¥44.9B	CN¥45.2B	CN¥48.2B	CN¥40.7B	CN¥51.2B
Operating income	CN¥48.5B	CN¥41.4B	CN¥52.6B	CN¥50.7B	CN¥53.3B	CN¥51.5B	CN¥57.6B	CN¥60.1B	CN¥63.6B	CN¥60.3B	CN¥65.5B	CN¥67.5B
Interest income	CN¥3.51B	CN¥3.92B	CN¥1.49B	CN¥3.85B	CN¥3.92B	CN¥3.97B	CN¥3.74B	CN¥4.06B	CN¥4.25B	CN¥7.97B	CN¥3.99B	CN¥4.18B
Interest expense	CN¥2.78B	CN¥3.44B	CN¥3.51B	CN¥2.92B	CN¥3.47B	CN¥2.55B	CN¥3.85B	CN¥3.88B	CN¥3.75B	CN¥3.52B	CN¥2.95B	CN¥2.97B
Other non-operating income (gains on investments, FX ...)	-CN¥2.1B	-CN¥2.87B	-CN¥7.78B	-CN¥3M	-CN¥13B	CN¥142M	-CN¥4B	-CN¥11.2B	-CN¥14.9B	-CN¥4.07B	-CN¥10.7B	CN¥0
Total non-operating income	-CN¥686M	-CN¥3.89B	CN¥4.26B	CN¥7.8B	CN¥9.55B	CN¥11.8B	CN¥5.88B	CN¥7.29B	CN¥11.2B	CN¥11.3B	CN¥7.78B	CN¥1.93B
Income before tax	CN¥47.8B	CN¥37.5B	CN¥56.8B	CN¥58.5B	CN¥62.9B	CN¥63.2B	CN¥63.4B	CN¥67.4B	CN¥74.7B	CN¥71.7B	CN¥73.3B	CN¥69.4B
Income tax	CN¥11B	CN¥9.66B	CN¥14.2B	CN¥10.2B	CN¥8.9B	CN¥11.8B	CN¥13.7B	CN¥11.4B	CN¥9.79B	CN¥12.6B	CN¥14.4B	CN¥11.7B
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¥57.6B	CN¥55.8B
EPS (basic)	CN¥3.83	CN¥2.79	CN¥4.48	CN¥5.11	CN¥5.76	CN¥5.60	CN¥5.25	CN¥6.12	CN¥6.95	CN¥6.34	CN¥6.38	CN¥6.18
EPS (diluted)	CN¥3.75	CN¥2.81	CN¥4.42	CN¥4.99	CN¥5.69	CN¥5.49	CN¥5.13	CN¥6.00	CN¥6.78	CN¥6.18	CN¥6.24	CN¥6.08
Shares (basic, weighted)	9.45B	9.63B	9.35B	9.45B	9.24B	9.17B	9.26B	9.1B	9.08B	9.06B	9.03B	9.03B
Shares (diluted, weighted)	9.6B	9.63B	9.48B	9.45B	9.36B	9.36B	9.26B	9.25B	9.23B	9.28B	9.17B	9.15B
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
EBITDA	CN¥64.1B	CN¥58.8B	CN¥73.8B	CN¥64.4B	CN¥80.3B	CN¥66.5B	CN¥76.3B	CN¥86.9B	CN¥95.8B	CN¥82.5B	CN¥94.2B	CN¥85.5B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥152B	CN¥238B	CN¥313B	CN¥377B	CN¥482B	CN¥560B	CN¥555B	CN¥609B	CN¥660B	CN¥752B
Cost of revenue	CN¥67.4B	CN¥121B	CN¥171B	CN¥210B	CN¥261B	CN¥314B	CN¥316B	CN¥316B	CN¥311B	CN¥329B
Gross profit	CN¥84.5B	CN¥117B	CN¥142B	CN¥168B	CN¥222B	CN¥246B	CN¥239B	CN¥293B	CN¥349B	CN¥423B
Research & development	CN¥11.8B	CN¥17.5B	CN¥22.9B	CN¥30.4B	CN¥39B	CN¥51.9B	CN¥61.4B	CN¥64.1B	CN¥70.7B	CN¥85.7B
Sales & marketing	CN¥12.1B	CN¥17.7B	CN¥24.2B	CN¥21.4B	CN¥33.8B	CN¥40.6B	CN¥29.2B	CN¥34.2B	CN¥36.4B	CN¥41.7B
General & administrative	CN¥22.5B	CN¥33.1B	CN¥41.5B	CN¥53.4B	CN¥67.6B	CN¥89.8B	CN¥107B	CN¥104B	CN¥42.1B	CN¥136B
Other operating expenses	-CN¥18.1B	-CN¥41.5B	-CN¥44.2B	-CN¥56.4B	-CN¥103B	-CN¥208B	-CN¥69.4B	-CN¥68.8B	-CN¥8B	-CN¥82.3B
Operating expenses	CN¥28.4B	CN¥26.6B	CN¥44.5B	CN¥48.8B	CN¥37.3B	-CN¥25.7B	CN¥128B	CN¥133B	CN¥141B	CN¥181B
Operating income	CN¥56.1B	CN¥90.3B	CN¥97.6B	CN¥119B	CN¥184B	CN¥272B	CN¥111B	CN¥160B	CN¥208B	CN¥242B
Interest income	CN¥2.62B	CN¥3.94B	CN¥4.57B	CN¥6.31B	CN¥6.96B	CN¥6.65B	CN¥8.59B	CN¥13.8B	CN¥16B	CN¥16.6B
Interest expense	CN¥2.17B	CN¥3.06B	CN¥4.9B	CN¥7.69B	CN¥7.45B	CN¥7.92B	CN¥9.99B	CN¥11.9B	CN¥12.4B	CN¥14.7B
Other non-operating income (gains on investments, FX ...)	CN¥5.34B	-CN¥973M	-CN¥1.72B	CN¥1.6B	-CN¥3.23B	CN¥15.6B	-CN¥53M	-CN¥2.87B	-CN¥45.8B	-CN¥4.07B
Total non-operating income	-CN¥4.48B	-CN¥2.09B	-CN¥3.18B	-CN¥9.29B	-CN¥4.22B	-CN¥23.6B	CN¥99.4B	CN¥1.25B	CN¥33.4B	CN¥35.7B
Income before tax	CN¥51.6B	CN¥88.2B	CN¥94.5B	CN¥109B	CN¥180B	CN¥248B	CN¥210B	CN¥161B	CN¥241B	CN¥277B
Income tax	CN¥10.2B	CN¥15.7B	CN¥14.5B	CN¥13.5B	CN¥19.9B	CN¥20.3B	CN¥21.5B	CN¥43.3B	CN¥45B	CN¥47.4B
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¥225B
EPS (basic)	CN¥4.38	CN¥7.60	CN¥8.34	CN¥9.86	CN¥16.84	CN¥23.60	CN¥19.76	CN¥12.19	CN¥20.94	CN¥24.11
EPS (diluted)	CN¥4.33	CN¥7.50	CN¥8.23	CN¥9.64	CN¥16.52	CN¥23.16	CN¥19.34	CN¥11.89	CN¥20.49	CN¥23.52
Shares (basic, weighted)	9.38B	9.41B	9.44B	9.47B	9.49B	9.53B	9.53B	9.61B	9.27B	9.09B
Shares (diluted, weighted)	9.49B	9.54B	9.57B	9.6B	9.65B	9.7B	9.7B	9.61B	9.41B	9.24B
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
EBITDA	CN¥66.5B	CN¥115B	CN¥134B	CN¥162B	CN¥238B	CN¥314B	CN¥172B	CN¥222B	CN¥310B	CN¥312B

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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.