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NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
127.25
+2.50 (2.00%)
At close: Aug 19, 2026, 4:00 PM EDT
128.09
+0.84 (0.66%)
After-hours: Aug 19, 2026, 7:59 PM EDT

NetEase Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
Revenue
30,59127,54728,35927,89228,82926,74826,21025,48626,85227,14027,27024,01125,04625,35424,42723,15923,55624,37422,19120,525
Revenue Growth
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%
Gross Profit
21,21717,69218,17818,05218,47916,27216,47716,04217,01616,82516,96614,37514,89713,24413,74412,94112,83612,91811,81111,190
Operating Income
12,6578,3198,0139,06110,4417,8217,1476,9937,6226,8687,5586,0637,2204,4334,7424,9465,5074,6083,7753,758
Net Income
10,6746,2428,6168,60110,3018,7666,5386,7597,6346,5827,8378,2436,7553,9536,6995,2914,3945,6943,1823,542
Earnings Per Share
3.311.942.672.673.212.732.032.082.352.032.412.542.071.212.031.601.331.720.951.05
EPS Growth
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%-23.91%

Revenue by Segment
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
Games & Related Value-Added Services
25,71321,96723,32822,80624,04821,24220,86420,05621,46020,92121,78018,79920,06619,08618,69918,14018,64218,79217,14615,775
Youdao
1,3481,5651,6291,4181,2981,3401,5731,3221,3921,4811,5391,2071,1631,4541,402956.231,2011,3341,3871,293
Cloud Music
1,9811,9681,9641,9691,8581,8801,9992,0412,0301,9861,9731,9491,9602,3762,3572,1922,0671,8891,9251,693
Innovative Businesses & Others
1,5492,0471,4391,6991,6242,2851,7742,0671,9702,7531,9792,0571,8582,4381,9681,8721,6462,3591,7331,764
Revenue (Total)
30,59127,54728,35927,89228,82926,74826,21025,48626,85227,14027,27024,01125,04625,35424,42723,15923,55624,37422,19120,525

Cash & Debt
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
Cash & Investments
170,904164,240149,093146,689140,115137,672123,987122,856134,596126,803110,827109,808120,445117,528116,235111,545102,50197,62191,333100,883
Total Debt
10,9556,7307,35011,2769,82412,81711,02213,61525,27120,48311,64915,83531,12328,46228,99631,38325,85421,69420,36127,922
Net Cash (Debt)
159,948157,511141,743135,413130,291124,855112,964109,241109,324106,31999,17893,97389,32289,06587,24080,16276,64875,92770,97272,961
Net Cash Growth
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%-1.72%
Net Cash Per Share
49.5648.8043.9742.1240.6438.9435.0433.6833.6432.6830.5228.9227.4327.2426.4924.2523.1122.8521.1121.55

Cash Flow & CapEx
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
Operating Cash Flow
13,73314,82312,94810,86212,10713,01210,5766,5329,55711,8089,8447,6786,0019,0097,4866,6314,5838,3696,2934,723
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
Free Cash Flow
13,42114,68612,66410,67211,65312,70010,1966,3639,14211,3239,2017,1585,3488,6606,9296,1863,8337,9265,8854,301
Free Cash Flow Growth
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%-5.17%

Margins
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
Gross Margin
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%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%
Pretax Margin
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%22.36%
Profit Margin
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%17.26%
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%20.95%

Dividends
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingMar '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
0.9931.5770.8120.8170.9801.8590.6100.6320.7151.4700.7220.7610.6390.3240.6190.4820.4080.5010.290
Dividend Per Share 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%----
Dividend Yield
0.55%0.44%0.42%0.45%0.56%0.61%0.55%0.54%0.52%0.58%0.36%0.36%0.37%0.40%0.41%0.30%0.23%0.20%0.15%

Valuation
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '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 Jun '21
PE Ratio
13.9218.1018.9217.8314.4213.8715.9115.5215.5013.5617.3417.2116.5015.4515.0920.5622.5224.7629.1739.79
P/FCF Ratio
9.2412.3014.3913.4911.4110.7311.8312.4112.7512.0815.3015.7113.8112.2713.3916.0117.2517.8915.1921.17
PS Ratio
4.155.426.145.564.353.914.144.194.463.864.574.473.823.263.494.094.184.764.275.99