Tencent Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	673,954	652,498	603,620	547,358	552,433	474,569	Upgrade
Other Revenue	6,824	7,759	5,395	7,194	7,685	7,495	Upgrade
Revenue	680,778	660,257	609,015	554,552	560,118	482,064	Upgrade
Revenue Growth (YoY)	10.06%	8.41%	9.82%	-0.99%	16.19%	27.77%	Upgrade
Cost of Revenue	314,857	310,959	315,903	315,665	314,187	260,440	Upgrade
Gross Profit	365,921	349,298	293,112	238,887	245,931	221,624	Upgrade
Selling, General & Admin	158,331	149,146	137,719	135,925	130,441	101,383	Upgrade
Other Operating Expenses	-5,380	-7,808	-7,571	-7,918	-8,360	-5,141	Upgrade
Operating Expenses	152,951	141,338	130,148	128,007	122,081	96,242	Upgrade
Operating Income	212,970	207,960	162,964	110,880	123,850	125,382	Upgrade
Interest Expense	-13,481	-12,447	-11,885	-9,985	-7,918	-7,449	Upgrade
Interest & Investment Income	16,219	16,719	14,354	8,592	7,310	8,722	Upgrade
Earnings From Equity Investments	27,571	25,176	5,800	-16,129	-16,444	3,672	Upgrade
Currency Exchange Gain (Loss)	466	466	-383	633	804	-438	Upgrade
Other Non Operating Income (Expenses)	-4,531	-5,282	-2,775	-	-	-	Upgrade
EBT Excluding Unusual Items	239,214	232,592	168,075	93,991	107,602	129,889	Upgrade
Merger & Restructuring Charges	2,200	2,200	-	-	-	-	Upgrade
Impairment of Goodwill	-1,262	-1,262	-5	-	-8,702	-4,205	Upgrade
Gain (Loss) on Sale of Investments	7,923	7,923	-3,766	116,287	149,160	55,005	Upgrade
Gain (Loss) on Sale of Assets	194	194	126	108	-	-	Upgrade
Asset Writedown	-159	-159	-93	-141	2	-667	Upgrade
Legal Settlements	-3	-3	-18	-	-	-	Upgrade
Other Unusual Items	-	-	-2,995	-20	-	-	Upgrade
Pretax Income	248,107	241,485	161,324	210,225	248,062	180,022	Upgrade
Income Tax Expense	44,566	45,018	43,276	21,516	20,252	19,897	Upgrade
Earnings From Continuing Operations	203,541	196,467	118,048	188,709	227,810	160,125	Upgrade
Minority Interest in Earnings	-3,536	-2,394	-2,832	-466	-2,988	-278	Upgrade
Net Income	200,005	194,073	115,216	188,243	224,822	159,847	Upgrade
Net Income to Common	200,005	194,073	115,216	188,243	224,822	159,847	Upgrade
Net Income Growth	52.36%	68.44%	-38.79%	-16.27%	40.65%	71.31%	Upgrade
Shares Outstanding (Basic)	9,207	9,269	9,455	9,528	9,528	9,490	Upgrade
Shares Outstanding (Diluted)	9,351	9,408	9,610	9,695	9,696	9,650	Upgrade
Shares Change (YoY)	-2.42%	-2.10%	-0.88%	-0.01%	0.48%	0.49%	Upgrade
EPS (Basic)	21.72	20.94	12.19	19.76	23.60	16.84	Upgrade
EPS (Diluted)	21.24	20.49	11.89	19.34	23.16	16.52	Upgrade
EPS Growth	55.85%	72.34%	-38.54%	-16.51%	40.20%	71.34%	Upgrade
Free Cash Flow	200,133	195,594	200,954	123,412	145,884	160,049	Upgrade
Free Cash Flow Per Share	21.40	20.79	20.91	12.73	15.05	16.59	Upgrade
Dividend Per Share	4.229	4.229	3.086	2.123	1.303	1.347	Upgrade
Dividend Growth	37.02%	37.02%	45.37%	62.87%	-3.25%	25.59%	Upgrade
Gross Margin	53.75%	52.90%	48.13%	43.08%	43.91%	45.97%	Upgrade
Operating Margin	31.28%	31.50%	26.76%	19.99%	22.11%	26.01%	Upgrade
Profit Margin	29.38%	29.39%	18.92%	33.95%	40.14%	33.16%	Upgrade
Free Cash Flow Margin	29.40%	29.62%	33.00%	22.25%	26.05%	33.20%	Upgrade
EBITDA	234,896	230,092	183,954	134,297	146,995	144,667	Upgrade
EBITDA Margin	34.50%	34.85%	30.20%	24.22%	26.24%	30.01%	Upgrade
D&A For EBITDA	21,926	22,132	20,990	23,417	23,145	19,285	Upgrade
EBIT	212,970	207,960	162,964	110,880	123,850	125,382	Upgrade
EBIT Margin	31.28%	31.50%	26.76%	19.99%	22.11%	26.01%	Upgrade
Effective Tax Rate	17.96%	18.64%	26.83%	10.23%	8.16%	11.05%	Upgrade
Revenue as Reported	680,778	660,257	609,015	554,552	560,118	482,064	Upgrade
Advertising Expenses	-	25,062	22,836	18,764	31,335	26,596	Upgrade

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.