NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
127.24
-2.46 (-1.90%)
At close: Jul 2, 2026, 4:00 PM EDT
126.23
-1.01 (-0.79%)
After-hours: Jul 2, 2026, 7:39 PM EDT
NetEase Income 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 |
| 30,591 | 27,547 | 28,359 | 27,892 | 28,829 | 26,748 | 26,210 | 25,486 | 26,852 | 27,140 | 27,270 | 24,011 | 25,046 | 25,354 | 24,427 | 23,159 | 23,556 | 24,374 | 22,191 | 20,525 | |
Revenue Growth (YoY) | 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% | 12.87% |
Cost of Revenue | 9,374 | 9,855 | 10,181 | 9,839 | 10,349 | 10,476 | 9,733 | 9,444 | 9,836 | 10,315 | 10,304 | 9,636 | 10,150 | 12,110 | 10,683 | 10,218 | 10,720 | 11,456 | 10,380 | 9,335 |
Gross Profit | 21,217 | 17,692 | 18,178 | 18,053 | 18,479 | 16,272 | 16,477 | 16,042 | 17,016 | 16,825 | 16,966 | 14,375 | 14,897 | 13,244 | 13,744 | 12,942 | 12,836 | 12,918 | 11,811 | 11,190 |
Selling, General & Admin | 4,078 | 4,939 | 5,622 | 4,635 | 3,652 | 3,981 | 4,905 | 4,593 | 5,219 | 5,477 | 5,061 | 4,404 | 3,927 | 4,721 | 5,033 | 4,413 | 3,931 | 4,462 | 4,274 | 4,025 |
Research & Development | 4,482 | 4,434 | 4,542 | 4,357 | 4,386 | 4,470 | 4,424 | 4,456 | 4,175 | 4,479 | 4,347 | 3,909 | 3,750 | 4,090 | 3,969 | 3,582 | 3,398 | 3,848 | 3,761 | 3,407 |
Total Operating Expenses | 8,560 | 9,373 | 10,164 | 8,991 | 8,038 | 8,451 | 9,330 | 9,049 | 9,393 | 9,957 | 9,408 | 8,313 | 7,676 | 8,811 | 9,002 | 7,995 | 7,329 | 8,310 | 8,036 | 7,431 |
Operating Income | 12,657 | 8,319 | 8,013 | 9,061 | 10,441 | 7,821 | 7,147 | 6,993 | 7,622 | 6,868 | 7,558 | 6,063 | 7,220 | 4,433 | 4,742 | 4,946 | 5,507 | 4,608 | 3,775 | 3,758 |
Interest Income | 895.74 | -666.68 | 2,316 | 1,282 | 1,754 | 668.26 | 1,861 | 1,290 | 1,457 | 1,253 | 1,704 | 1,223 | 1,247 | 592.19 | 1,903 | -201.5 | -90.46 | 2,023 | 84.94 | 1,276 |
Other Non-Operating Income (Expense) | -183.13 | -32.1 | -220.61 | 306.2 | 257.12 | 1,814 | -1,012 | -153.68 | 208.9 | -376.15 | -160.46 | 1,586 | -128.54 | -249.37 | 1,562 | 986.46 | 118.45 | -34.15 | 270.95 | -444.13 |
Total Non-Operating Income (Expense) | 712.61 | -698.78 | 2,095 | 1,588 | 2,011 | 2,483 | 849.25 | 1,136 | 1,666 | 876.5 | 1,543 | 2,809 | 1,119 | 342.82 | 3,466 | 784.96 | 27.99 | 1,989 | 355.89 | 831.47 |
Pretax Income | 13,369 | 7,620 | 10,109 | 10,649 | 12,452 | 10,304 | 7,996 | 8,130 | 9,288 | 7,745 | 9,101 | 8,872 | 8,339 | 4,776 | 8,208 | 5,731 | 5,535 | 6,597 | 4,131 | 4,590 |
Provision for Income Taxes | 2,524 | 1,250 | 1,316 | 1,561 | 1,905 | 1,385 | 1,290 | 1,301 | 1,486 | 1,069 | 1,290 | 712.09 | 1,629 | 966.57 | 1,587 | 1,259 | 1,219 | 933.99 | 807.65 | 1,113 |
Net Income | 10,846 | 6,370 | 8,793 | 9,088 | 10,547 | 8,919 | 6,706 | 6,829 | 7,802 | 6,676 | 7,811 | 8,160 | 6,710 | 3,810 | 6,621 | 5,097 | 4,316 | 5,663 | 3,323 | 3,476 |
Minority Interest in Earnings | 170.39 | 126.87 | 175.88 | 486.4 | 244.57 | 151.44 | 167.04 | 68.89 | 167.46 | 93.1 | -26.9 | -84.02 | -45.1 | -143.75 | -79.15 | -195.4 | -79 | -131.36 | -6.17 | -210.81 |
Net Income Attributable to Preferred Dividends | 1.1 | 1.12 | 1.04 | 1.05 | 1.05 | 1.04 | 0.96 | 0.96 | 0.96 | 0.97 | 0.9 | 0.87 | 0.86 | 0.71 | 0.78 | 0.75 | 0.73 | 99.91 | 147.83 | 145.42 |
Earnings From Discontinued Operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 624.86 | - | - | - | - |
Net Income to Common | 10,674 | 6,242 | 8,616 | 8,601 | 10,301 | 8,766 | 6,538 | 6,759 | 7,634 | 6,582 | 7,837 | 8,243 | 6,755 | 3,953 | 6,699 | 5,291 | 4,394 | 5,694 | 3,182 | 3,542 |
Net Income Growth | 3.62% | -28.80% | 31.77% | 27.26% | 34.94% | 33.18% | -16.57% | -18.00% | 13.02% | 66.52% | 16.98% | 55.77% | 53.72% | -30.58% | 110.55% | 49.40% | -1.02% | 483.60% | 6.12% | -21.95% |
Shares Outstanding (Basic) | 640 | 638 | 638 | 638 | 635 | 635 | 640 | 644 | 642 | 642 | 643 | 644 | 644 | 648 | 653 | 655 | 655 | 656 | 665 | 670 |
Shares Outstanding (Diluted) | 645 | 646 | 645 | 643 | 641 | 641 | 645 | 649 | 650 | 651 | 650 | 650 | 651 | 654 | 659 | 661 | 663 | 665 | 672 | 677 |
Shares Change (YoY) | 0.65% | 0.68% | -0.02% | -0.88% | -1.33% | -1.45% | -0.79% | -0.18% | -0.22% | -0.49% | -1.34% | -1.71% | -1.80% | -1.62% | -2.02% | -2.38% | -2.47% | -2.58% | -2.03% | 3.20% |
EPS (Basic) | 16.70 | 9.80 | 13.50 | 13.50 | 16.25 | 13.80 | 10.20 | 10.50 | 11.90 | 10.25 | 12.20 | 12.80 | 10.50 | 6.10 | 10.25 | 8.10 | 6.70 | 8.70 | 4.80 | 5.30 |
EPS (Diluted) | 16.55 | 9.65 | 13.35 | 13.35 | 16.05 | 13.65 | 10.15 | 10.40 | 11.75 | 10.10 | 12.05 | 12.70 | 10.35 | 6.05 | 10.15 | 8.00 | 6.65 | 8.55 | 4.75 | 5.25 |
EPS Growth | 3.12% | -29.30% | 31.53% | 28.37% | 36.60% | 35.15% | -15.77% | -18.11% | 13.53% | 66.94% | 18.72% | 58.75% | 55.64% | -29.24% | 113.68% | 52.38% | 1.53% | 489.66% | 9.20% | -23.91% |
Free Cash Flow | 13,421 | 14,686 | 12,664 | 10,672 | 11,653 | 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 | 15.17% | 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% | -5.17% |
Free Cash Flow Per Share | 20.79 | 22.75 | 19.64 | 16.60 | 18.17 | 19.81 | 15.81 | 9.81 | 14.07 | 17.40 | 14.16 | 11.02 | 8.21 | 13.25 | 10.52 | 9.36 | 5.78 | 11.93 | 8.75 | 6.35 |
Dividends Per Share | 0.993 | 1.577 | 0.812 | 0.817 | 0.980 | 1.859 | 0.610 | 0.632 | 0.715 | 1.470 | 0.722 | 0.761 | 0.639 | 0.324 | 0.619 | 0.482 | 0.408 | 0.501 | 0.290 | - |
Dividend Growth | 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% | - |
Gross Margin | 69.36% | 64.23% | 64.10% | 64.72% | 64.10% | 60.84% | 62.86% | 62.95% | 63.37% | 61.99% | 62.22% | 59.87% | 59.48% | 52.24% | 56.27% | 55.88% | 54.49% | 53.00% | 53.22% | 54.52% |
Operating Margin | 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% | 18.31% |
Profit Margin | 35.45% | 23.12% | 31.00% | 32.58% | 36.58% | 33.34% | 25.59% | 26.79% | 29.06% | 24.60% | 28.64% | 33.98% | 26.79% | 15.03% | 27.11% | 22.01% | 18.32% | 23.23% | 14.98% | 16.94% |
FCF Margin | 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% | 20.96% |
EBITDA | 13,087 | 9,040 | 8,631 | 9,490 | 10,922 | 8,519 | 7,667 | 7,625 | 8,190 | 7,528 | 8,210 | 6,724 | 8,302 | 5,203 | 5,456 | 5,555 | 6,273 | 5,444 | 4,581 | 4,573 |
EBITDA Margin | 42.78% | 32.81% | 30.44% | 34.02% | 37.89% | 31.85% | 29.25% | 29.92% | 30.50% | 27.74% | 30.10% | 28.00% | 33.15% | 20.52% | 22.33% | 23.99% | 26.63% | 22.34% | 20.64% | 22.28% |
EBIT | 12,657 | 8,319 | 8,013 | 9,061 | 10,441 | 7,821 | 7,147 | 6,993 | 7,622 | 6,868 | 7,558 | 6,063 | 7,220 | 4,433 | 4,742 | 4,946 | 5,507 | 4,608 | 3,775 | 3,758 |
EBIT Margin | 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% | 18.31% |
Effective Tax Rate | 18.88% | 16.41% | 13.02% | 14.66% | 15.30% | 13.44% | 16.13% | 16.00% | 16.00% | 13.80% | 14.18% | 8.03% | 19.53% | 20.24% | 19.33% | 21.97% | 22.03% | 14.16% | 19.55% | 24.26% |