NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
119.55
-0.63 (-0.52%)
At close: Jul 24, 2026, 4:00 PM EDT
119.92
+0.37 (0.31%)
After-hours: Jul 24, 2026, 7:53 PM EDT
NetEase Financials Overview
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 114,389 | 112,626 | 105,295 | 103,468 | 96,496 | 87,606 |
Revenue Growth | 6.63% | 6.96% | 1.77% | 7.23% | 10.15% | 18.92% |
Gross Profit Gross Profit Growth | 75,140 | 72,402 | 65,807 | 63,063 | 52,766 | 46,971 |
Operating Income Operating Income Growth | 38,051 | 35,835 | 29,584 | 27,709 | 19,629 | 16,417 |
Net Income Net Income Growth | 34,133 | 33,760 | 29,698 | 29,417 | 20,338 | 16,857 |
Earnings Per Share EPS Growth | 52.90 | 52.40 | 45.95 | 45.25 | 30.85 | 25.05 |
EPS Growth | 5.27% | 14.04% | 1.55% | 46.68% | 23.15% | 39.17% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Games & Related Value-Added Services Games & Related Value-Added Services Growth | 93,814 | 92,149 | 83,623 | 81,565 | 74,566 | 67,819 |
Youdao Youdao Growth | 5,959 | 5,909 | 5,626 | 5,389 | 5,013 | 5,354 |
Cloud Music Cloud Music Growth | 7,882 | 7,759 | 7,950 | 7,867 | 8,992 | 6,998 |
Innovative Businesses & Others Innovative Businesses & Others Growth | 6,734 | 6,809 | 8,097 | 8,647 | 7,924 | 7,435 |
Revenue (Total) Revenue (Total) Growth | 114,389 | 112,626 | 105,295 | 103,468 | 96,496 | 87,606 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 170,904 | 162,611 | 137,581 | 126,721 | 117,459 | 97,535 |
Total Debt Total Debt Growth | 10,955 | 6,730 | 12,817 | 20,483 | 28,462 | 21,694 |
Net Cash (Debt) Net Cash Growth | 159,948 | 155,881 | 124,764 | 106,238 | 88,997 | 75,841 |
Net Cash Growth | 22.76% | 24.94% | 17.44% | 19.37% | 17.35% | 3.67% |
Net Cash Per Share Net Cash Per Share Growth | 248.11 | 242.19 | 193.10 | 163.34 | 135.01 | 112.61 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 52,366 | 50,740 | 39,677 | 35,331 | 27,709 | 24,927 |
Capital Expenditures CapEx Growth | -923.45 | -1,065 | -1,275 | -2,302 | -2,100 | -1,602 |
Free Cash Flow Free Cash Flow Growth | 51,443 | 49,674 | 38,401 | 33,030 | 25,609 | 23,325 |
Free Cash Flow Growth | 25.74% | 29.36% | 16.26% | 28.98% | 9.79% | -2.13% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 65.69% | 64.29% | 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 | 15.63% | 30.90% | 28.73% | 28.37% | 20.56% | 19.38% |
FCF Margin | 44.97% | 44.11% | 36.47% | 31.92% | 26.54% | 26.62% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 3.010 | 4.162 | 3.774 | 3.637 | 1.913 | 1.487 |
Dividend Per Share Growth | 9.25% | 10.27% | 3.75% | 90.11% | 28.71% | 45.21% |
Dividend Yield | 2.52% | 2.25% | 2.68% | 1.89% | 2.06% | 0.82% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 15.48 | 18.37 | 14.17 | 14.57 | 16.24 | 25.82 |
P/FCF Ratio | 10.09 | 12.37 | 10.74 | 12.82 | 12.61 | 18.16 |
PS Ratio | 4.62 | 5.46 | 3.92 | 4.09 | 3.35 | 4.83 |