NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
116.82
+2.33 (2.04%)
At close: May 20, 2026, 4:00 PM EDT
111.61
-5.21 (-4.46%)
Pre-market: May 21, 2026, 9:06 AM EDT
NetEase Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 10.85 | 6,370 | 8,793 | 9,088 | 10.55 | 8,919 | 6,706 | 6,829 | 7,802 | 6,676 | 7,811 | 8,160 | 6,710 | 3,810 | 6,621 | 4,472 | 4,316 | 5,663 | 3,323 | 3,476 |
Depreciation & Amortization | 430.58 | 720.37 | 617.87 | 428.43 | 480.76 | 697.45 | 520.57 | 631.96 | 567.92 | 659.77 | 651.86 | 661.36 | 1,082 | 769.14 | 713.85 | 609.04 | 766.18 | 836.04 | 805.49 | 814.37 |
Stock-Based Compensation | 616.18 | 847.19 | 902.2 | 946.4 | 951.87 | 931.44 | 978.14 | 1,079 | 894.3 | 812.99 | 819.55 | 787.86 | 822.41 | 876.56 | 787 | 764.45 | 746.15 | 1,003 | 688.23 | 700.11 |
Other Adjustments | 1,142 | 1,312 | 338.67 | -1,152 | -373.08 | -609.47 | 1,254 | -1,508 | 331.41 | 1,103 | -256.06 | -2,065 | 517.53 | 1,228 | -2,908 | -324.37 | 965.12 | -1,565 | 672.19 | -74.45 |
Change in Receivables | -1.19 | 594.56 | -194.82 | 953.3 | -1.09 | 517.85 | 146.76 | 1,410 | -1,359 | 53.09 | -1,178 | 770.55 | -1,116 | 224.2 | 35.79 | 82.28 | 212.08 | -97.06 | -1,178 | 573.11 |
Changes in Inventories | 0.14 | -51.88 | -45.58 | -73.94 | 53.77 | 42.14 | -39.29 | 29.55 | 91.38 | 25.05 | 84.97 | 69.41 | 117.33 | -60.7 | -88.3 | 17.79 | 103.59 | 73.59 | -154.07 | -9.61 |
Changes in Accounts Payable | 134.45 | -59.23 | 16.04 | 119.64 | -148.08 | 218.69 | 6.32 | -126.86 | -7 | 18.44 | 150.87 | -115.79 | -612.94 | 576.02 | -84.43 | 48.45 | -92.37 | -89.21 | 172.7 | -178.1 |
Changes in Accrued Expenses | -23.3 | 750.93 | 313.71 | 1,451 | -292.46 | 2,782 | 85.13 | 389.01 | -1,937 | 3,265 | 257.5 | 451.32 | -2,870 | 2,815 | -14.99 | 1,384 | -1,859 | 2,308 | 281.62 | 606.46 |
Changes in Income Taxes Payable | 1.9 | -436.27 | 517.35 | -764.37 | 1.8 | 154.65 | 224.02 | -1,463 | 1,272 | -500.17 | 515.09 | -992.89 | 733.72 | -928.07 | 475.25 | -538.23 | 73.45 | 528.73 | -434.89 | -1,397 |
Changes in Unearned Revenue | 1.38 | 1.05 | 2,579 | -718.72 | 2.53 | -209.63 | 1,928 | -1,270 | 1,574 | -847.56 | 1,561 | -41.2 | 489.99 | -1,397 | 1,580 | 279.67 | -78.2 | -1,163 | 2,155 | -381.45 |
Changes in Other Operating Activities | 116.15 | 701.92 | -889.52 | 583.48 | -295.18 | -432.2 | -1,234 | 530.86 | 326.14 | 542.59 | -573.63 | -7.23 | 125.83 | 1,096 | 368.67 | -163.61 | -569.84 | 870.68 | -38.49 | 593.38 |
Operating Cash Flow | 13.73 | 14.82 | 12,948 | 10,862 | 12.11 | 13,012 | 10,576 | 6,532 | 9,557 | 11,808 | 9,844 | 7,678 | 6,001 | 9,009 | 7,486 | 6,631 | 4,583 | 8,369 | 6,293 | 4,723 |
Operating Cash Flow Growth | 13.43% | -99.89% | 22.43% | 66.29% | -99.87% | 10.20% | 7.43% | -14.93% | 59.27% | 31.07% | 31.49% | 15.79% | 30.95% | 7.66% | 18.97% | 40.41% | -17.32% | 1.88% | 16.51% | -1.04% |
Capital Expenditures | -312.15 | -137.82 | -283.65 | -189.84 | -454.07 | -311.98 | -379.52 | -168.88 | -415.02 | -484.93 | -643.14 | -520.54 | -652.94 | -348.82 | -557.03 | -445.05 | -749.36 | -442.52 | -407.69 | -421.87 |
Sale of Property, Plant & Equipment | 1.67 | 0.02 | 1.26 | 21.5 | 1.34 | 9.3 | 1.07 | 0.66 | 3.51 | 0.41 | 3.1 | 4.29 | 2.5 | 2.26 | 3.31 | 23.34 | 12.57 | 56.52 | 11.03 | 2.46 |
Purchases of Intangible Assets | -290.02 | -183.99 | -190.98 | -313.35 | -298.77 | -120.39 | -222.25 | -399.53 | -188.82 | -121.8 | -742.52 | -283.32 | -826.68 | -161.99 | -152.28 | -85.12 | -143.84 | -297.14 | -218.17 | -566.74 |
Purchases of Investments | -36,496 | -45,389 | -56,692 | -36,522 | -52,663 | -26,454 | -40,667 | -61,969 | -35,041 | -47,582 | -31,249 | -11,145 | -37,549 | -29,370 | -19,675 | -34,022 | -26,986 | -32,948 | -12,940 | -33,051 |
Proceeds from Sale of Investments | 46,882 | 47,477 | 33,581 | 40,148 | 46,713 | 43,780 | 39,088 | 56,053 | 46,134 | 38,245 | 34,291 | 21,935 | 22,478 | 34,736 | 21,244 | 33,566 | 15,288 | 19,638 | 34,614 | 26,870 |
Other Investing Activities | 50.14 | -408.49 | -1,036 | 749.06 | -6,139 | 3,725 | 1,459 | -8,367 | 2,367 | -781.26 | -2,175 | 1,599 | -843.99 | -993.34 | 124.69 | -220.07 | 1,541 | -1,574 | 98.55 | 1,624 |
Investing Cash Flow | -7,764 | 387.33 | -24,621 | 3,893 | -12.84 | 20,629 | -720.86 | -14,851 | 12,860 | -10,725 | -515.91 | 11,590 | -17,392 | 3,864 | 987.02 | -1,183 | -11,038 | -15,568 | 21,158 | -5,543 |
Short-Term Debt Issued | 1,182 | -56.41 | 536.89 | 2,018 | -2,254 | 606.09 | -4,779 | -2,085 | -399.73 | 6,180 | -7,502 | -14,971 | 2,638 | -3,753 | -3,645 | 2,721 | 3,403 | 425.02 | -7,968 | 4,979 |
Net Short-Term Debt Issued (Repaid) | 1,182 | -56.41 | 536.89 | 2,018 | -2,254 | 606.09 | -4,779 | -2,085 | -399.73 | 6,180 | -7,502 | -14,971 | 2,638 | -3,753 | -3,645 | 2,721 | 3,403 | 425.02 | -7,968 | 4,979 |
Long-Term Debt Issued | 6,135 | 92.7 | 1,482 | 1,231 | 2,748 | 457 | 5,396 | 1,069 | 6,998 | 2,511 | 7,607 | 2,172 | 1,280 | 2,765 | 70.69 | 1,642 | 1,915 | 2,277 | 612.89 | 1,321 |
Long-Term Debt Repaid | -2.62 | -975 | -5,880 | -1,805 | -2.94 | - | -3,101 | -10,682 | -957 | -695 | -4,251 | -3,234 | -40.42 | -191.16 | -50.21 | -32.27 | - | -1,312 | -235.28 | -582.33 |
Net Long-Term Debt Issued (Repaid) | 6,132 | -882.3 | -4,398 | -573.73 | 2,745 | 457 | 2,295 | -9,613 | 6,041 | 1,816 | 3,357 | -1,062 | 1,239 | 2,574 | 20.48 | 1,609 | 1,915 | 965.35 | 377.6 | 738.29 |
Repurchase of Common Stock | -1,314 | -15.4 | 35.23 | -355.56 | -303.6 | -1,595 | -3,994 | -2,007 | -1,234 | -625.83 | -296.5 | -2,195 | -2,117 | -3,008 | -1,957 | -2,120 | -1,244 | -2,112 | -6,311 | -2,469 |
Net Common Stock Issued (Repurchased) | -1,314 | -15.4 | 35.23 | -355.56 | -303.6 | -1,595 | -3,994 | -2,007 | -1,234 | -625.83 | -296.5 | -2,195 | -2,117 | -3,008 | -1,957 | -2,120 | -1,244 | -2,112 | -6,311 | -2,469 |
Common Dividends Paid | -5.16 | -2.58 | -2,584 | -3,082 | -5.58 | -1,983 | -1,973 | -2,265 | -4,945 | -2,259 | -2,423 | -2,119 | -1,212 | -2,019 | -1,618 | -1,404 | -1,683 | -940.54 | -1,028 | -1,279 |
Other Financing Activities | -23.42 | 0.82 | 18.07 | 42.4 | 42.52 | 51.61 | -8.39 | 50.57 | 42.21 | 28.01 | 11.57 | 22.23 | 24.35 | 23.62 | 14.31 | 33.2 | -102.04 | 588.87 | 34.8 | 8.18 |
Financing Cash Flow | -1,798 | -3,529 | -6,392 | -1,951 | -8,288 | -2,463 | -8,451 | -15,919 | -495.06 | 5,139 | -6,854 | -20,325 | 572.43 | -6,183 | -7,185 | 840.87 | 2,289 | -1,074 | -14,895 | 1,977 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -0.34 | -0.18 | -117.88 | -31.75 | -56.93 | 113.79 | -68.14 | 8.23 | -43.14 | -174.28 | 4.2 | -47.88 | 15.5 | 53.24 | 3.47 | 74.9 | -21.2 | -80.67 | 14.44 | -25.11 |
Net Cash Flow | 3,830 | 11.51 | -18,182 | 12,772 | -9,079 | 31,292 | 1,336 | -24,230 | 21,879 | 6,049 | 2,479 | -1,105 | -10,804 | 6,744 | 1,292 | 6,364 | -4,187 | -8,353 | 12,570 | 1,132 |
Free Cash Flow | -298.42 | -123 | 12,664 | 10,672 | -441.96 | 12,700 | 10,196 | 6,363 | 9,142 | 11,323 | 9,201 | 7,158 | 5,348 | 8,660 | 6,929 | 6,186 | 3,833 | 7,926 | 5,885 | 4,301 |
Free Cash Flow Growth | - | - | 24.21% | 67.72% | - | 12.16% | 10.82% | -11.11% | 70.95% | 30.75% | 32.78% | 15.71% | 39.51% | 9.26% | 17.75% | 43.83% | -26.47% | 0.19% | 16.53% | -5.17% |
FCF Margin | -0.98% | -0.45% | 44.66% | 38.26% | -1.53% | 47.48% | 38.90% | 24.97% | 34.05% | 41.72% | 33.74% | 29.81% | 21.35% | 34.16% | 28.37% | 26.71% | 16.27% | 32.52% | 26.52% | 20.96% |
Free Cash Flow Per Share | -462.33 | -190.52 | 19.64 | 16.60 | -0.69 | 19.81 | 15.81 | 9.81 | 14.07 | 17.40 | 14.16 | 11.02 | 8.21 | 13.25 | 10.60 | 9.36 | 5.78 | 11.93 | 8.75 | 6.35 |
Levered Free Cash Flow | 7,674 | 6,792 | 7,580 | 10,881 | -150.43 | 12,771 | 5,165 | -6,387 | 14,748 | 17,256 | 5,696 | -8,286 | 9,045 | 5,295 | 5,468 | 10,814 | 7,307 | 10,007 | -2,029 | 8,884 |
Unlevered Free Cash Flow | 359.43 | 9,807 | 9,796 | 8,569 | -642.08 | 9,712 | 7,105 | 4,427 | 7,876 | 8,598 | 8,490 | 5,080 | 4,224 | 6,058 | 6,219 | 5,051 | 1,888 | 6,878 | 5,417 | 2,472 |
Updated May 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.