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NetEase, Inc. (HKG:9999)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
207.80
+1.20 (0.58%)
Jul 31, 2026, 4:08 PM HKT

NetEase Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
114,389112,626105,295103,46896,49687,606
Revenue Growth
6.63%6.96%1.77%7.23%10.15%18.92%
Gross Profit
75,14072,40265,80763,06352,76646,971
Operating Income
38,05135,83529,58427,70919,62916,417
Net Income
34,13333,76029,69829,41720,33816,857
Earnings Per Share
10.5910.489.199.056.175.01
EPS Growth
5.40%14.08%1.55%46.69%23.14%39.17%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Games & Related Value-Added Services
93,81492,14983,62381,56574,56667,819
Youdao
5,9595,9095,6265,3895,0135,354
Cloud Music
7,8827,7597,9507,8678,9926,998
Innovative Businesses & Others
6,7346,8098,0978,6477,9247,435
Revenue (Total)
114,389112,626105,295103,46896,49687,606

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
170,904164,240137,672126,803117,52897,621
Total Debt
10,9556,73012,81720,48328,46221,694
Net Cash (Debt)
159,948157,511124,855106,31989,06575,927
Net Cash Growth
22.76%26.16%17.43%19.37%17.30%3.69%
Net Cash Per Share
49.6248.9438.6532.6927.0222.55

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
52,36650,74039,67735,33127,70924,927
Capital Expenditures
-923.45-1,065-1,275-2,302-2,100-1,602
Free Cash Flow
51,44349,67438,40133,03025,60923,325
Free Cash Flow Growth
25.74%29.36%16.26%28.98%9.79%-2.13%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
65.69%64.28%62.50%60.95%54.68%53.62%
Operating Margin
33.26%31.82%28.10%26.78%20.34%18.74%
Pretax Margin
36.50%36.25%33.92%32.92%25.13%24.09%
Profit Margin
29.84%29.98%28.20%28.43%21.08%19.24%
FCF Margin
44.97%44.11%36.47%31.92%26.54%26.63%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
4.6674.1623.7743.6371.9131.487
Dividend Per Share Growth
9.51%10.27%3.75%90.11%28.71%45.21%
Dividend Yield
2.26%2.19%3.02%3.05%2.06%1.29%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.2718.1013.8713.5615.4524.76
Forward PE
13.1116.0212.2312.6516.1420.25
P/FCF Ratio
11.3812.3010.7312.0812.2717.89
PS Ratio
5.125.423.913.863.264.76