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NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
129.45
+2.89 (2.28%)
Nov 6, 2026, 4:00 PM EST - Market closed

NetEase Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
30,10730,59127,54728,35927,89228,82926,74826,21025,48626,85227,14027,27024,01125,04625,35424,42723,15923,55624,37422,191
Revenue Growth
7.94%6.12%2.99%8.20%9.44%7.36%-1.45%-3.89%6.14%7.21%7.04%11.64%3.68%6.33%4.02%10.08%12.84%14.81%23.34%18.93%
Gross Profit
21,21721,21717,69218,17818,05218,47916,27216,47716,04217,01616,82516,96614,37514,89713,24413,74412,94112,83612,91811,811
Operating Income
12,08912,6578,3198,0139,06110,4417,8217,1476,9937,6226,8687,5586,0637,2204,4334,7424,9465,5074,6083,775
Net Income
6,98110,6746,2428,6168,60110,3018,7666,5386,7597,6346,5827,8378,2436,7553,9536,6995,2914,3945,6943,182
Earnings Per Share
2.173.311.942.672.673.212.732.032.082.352.032.412.542.071.212.031.601.331.720.95
EPS Growth
-18.73%3.12%-29.17%31.53%28.37%36.60%34.69%-15.77%-18.11%13.53%68.23%18.72%58.85%55.64%-29.76%113.68%52.29%1.53%502.26%9.20%

Revenue by Segment
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Games & Related Value-Added Services
25,02325,71321,96723,32822,80624,04821,24220,86420,05621,46020,92121,78018,79920,06619,08618,69918,14018,64218,79217,146
Youdao
1,4671,3481,5651,6291,4181,2981,3401,5731,3221,3921,4811,5391,2071,1631,4541,402956.231,2011,3341,387
Cloud Music
1,9771,9811,9681,9641,9691,8581,8801,9992,0412,0301,9861,9731,9491,9602,3762,3572,1922,0671,8891,925
Innovative Businesses & Others
1,6391,5492,0471,4391,6991,6242,2851,7742,0671,9702,7531,9792,0571,8582,4381,9681,8721,6462,3591,733
Revenue (Total)
30,10730,59127,54728,35927,89228,82926,74826,21025,48626,85227,14027,27024,01125,04625,35424,42723,15923,55624,37422,191

Cash & Debt
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
175,393170,904164,240149,093146,689140,115137,672123,987122,856134,596126,803110,827109,808120,445117,528116,235111,545102,50197,62191,333
Total Debt
12,60410,9556,7307,35011,2769,82412,81711,02213,61525,27120,48311,64915,83531,12328,46228,99631,38325,85421,69420,361
Net Cash (Debt)
162,789159,948157,511141,743135,413130,291124,855112,964109,241109,324106,31999,17893,97389,32289,06587,24080,16276,64875,92770,972
Net Cash Growth
20.22%22.76%26.16%25.48%23.96%19.18%17.43%13.90%16.25%22.39%19.37%13.68%17.23%16.54%17.30%22.92%9.87%-0.39%3.69%-6.80%
Net Cash Per Share
50.5349.5648.8043.9742.1240.6438.9435.0433.6833.6432.6830.5228.9227.4327.2426.4924.2523.1122.8521.11

Cash Flow & CapEx
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
9,97313,73314,82312,94810,86212,10713,01210,5766,5329,55711,8089,8447,6786,0019,0097,4866,6314,5838,3696,293
Capital Expenditures
-18.79-312.15-137.82-283.65-189.84-454.07-311.98-379.52-168.88-415.02-484.93-643.14-520.54-652.94-348.82-557.03-445.05-749.36-442.52-407.69
Free Cash Flow
9,95413,42114,68612,66410,67211,65312,70010,1966,3639,14211,3239,2017,1585,3488,6606,9296,1863,8337,9265,885
Free Cash Flow Growth
-6.73%15.18%15.63%24.21%67.72%27.46%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%

Margins
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
70.47%69.36%64.23%64.10%64.72%64.10%60.84%62.86%62.95%63.37%61.99%62.21%59.87%59.48%52.24%56.27%55.88%54.49%53.00%53.22%
Operating Margin
40.16%41.37%30.20%28.26%32.49%36.22%29.24%27.27%27.44%28.39%25.31%27.71%25.25%28.83%17.49%19.41%21.36%23.38%18.91%17.01%
Pretax Margin
31.97%43.70%27.66%35.65%38.18%43.19%38.52%30.51%31.90%34.59%28.54%33.37%36.95%33.29%18.84%33.60%24.75%23.50%27.06%18.62%
Profit Margin
23.19%34.89%22.66%30.38%30.84%35.73%32.77%24.95%26.52%28.43%24.25%28.74%34.33%26.97%15.59%27.43%22.85%18.65%23.36%14.34%
FCF Margin
33.06%43.87%53.31%44.66%38.26%40.42%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%

Dividends
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Dividend Per Share
0.6520.9931.5770.8120.8170.9801.8590.6100.6320.7151.4700.7220.7610.6390.3240.6190.4820.4080.5010.290
Dividend Per Share Growth
-20.15%1.39%-15.15%32.99%29.18%37.04%26.44%-15.52%-16.98%11.90%353.88%16.71%57.87%56.47%-35.28%113.43%-3.85%1139.63%9.50%
Dividend Yield
2.30%2.83%2.19%2.08%2.23%2.77%2.93%2.50%2.55%2.51%2.89%1.69%1.71%1.77%1.82%1.97%1.44%1.04%0.88%0.68%

Valuation
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
17.2713.9218.1018.9217.8314.4213.8715.9115.5215.5013.5617.3417.2116.5015.4515.0920.5622.5224.7629.17
P/FCF Ratio
11.079.2412.3014.3913.4911.4110.7311.8312.4112.7512.0815.3015.7113.8112.2713.3916.0117.2517.8915.19
PS Ratio
4.824.155.426.145.564.353.914.144.194.463.864.574.473.823.263.494.094.184.764.27