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Tencent Holdings stock: key metrics
0700.HKTencent Holdings had an operating margin of 32.1% and a return on invested capital (ROIC) of 17.5% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 70.8% | 41.5% | 38.0% |
| 2007 | 70.8% | 42.8% | 41.0% |
| 2008 | 69.7% | 45.4% | 38.9% |
| 2009 | 68.7% | 48.4% | 41.4% |
| 2010 | 67.8% | 50.1% | 41.0% |
| 2011 | 65.2% | 43.0% | 35.8% |
| 2012 | 58.5% | 34.0% | 29.0% |
| 2013 | 54.0% | 31.8% | 25.6% |
| 2014 | 60.9% | 38.7% | 30.2% |
| 2015 | 59.5% | 39.5% | 28.0% |
| 2016 | 55.6% | 36.9% | 27.0% |
| 2017 | 49.2% | 38.0% | 30.1% |
| 2018 | 45.5% | 31.2% | 25.2% |
| 2019 | 44.4% | 31.5% | 24.7% |
| 2020 | 46.0% | 38.2% | 33.2% |
| 2021 | 43.9% | 48.5% | 40.1% |
| 2022 | 43.1% | 20.0% | 33.9% |
| 2023 | 48.1% | 26.3% | 18.9% |
| 2024 | 52.9% | 31.5% | 29.4% |
| 2025 | 56.3% | 32.1% | 29.9% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 28.8% | 223.6% | 23.7% |
| 2007 | 30.3% | 176.2% | 23.6% |
| 2008 | 38.3% | 171.9% | 28.2% |
| 2009 | 42.4% | 49.9% | 29.5% |
| 2010 | 37.0% | 39.0% | 22.5% |
| 2011 | 35.5% | 152.2% | 17.8% |
| 2012 | 30.8% | 77.3% | 16.9% |
| 2013 | 26.2% | 58.1% | 14.2% |
| 2014 | 30.2% | 59.3% | 14.1% |
| 2015 | 24.0% | 61.7% | 9.4% |
| 2016 | 23.6% | 40.5% | 10.4% |
| 2017 | 27.6% | 33.8% | 12.7% |
| 2018 | 24.3% | 26.0% | 10.9% |
| 2019 | 21.9% | 23.3% | 9.9% |
| 2020 | 22.8% | 24.6% | 12.0% |
| 2021 | 27.9% | 28.6% | 14.0% |
| 2022 | 26.5% | 11.2% | 12.1% |
| 2023 | 14.3% | 13.8% | 7.3% |
| 2024 | 19.9% | 17.5% | 10.9% |
| 2025 | 19.5% | 17.5% | 11.0% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 13 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = HK$7.8782, $1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.