NetEase, Inc. (NTES)

Name: NetEase, Inc. (NTES) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

Also trades as NETTF. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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CIK 0001110646 · Nasdaq · Services-Prepackaged Software

Sector Services

For the year ended 2025-12-31, NetEase, Inc. reported revenue of 112.63B CNY. Revenue grew 7.0% from the prior annual period.

Key ratios (year ended 2025-12-31)

64.3%

Gross margin

31.8%

Operating margin

30.9%

Net margin

21.1%

Return on year-end equity

7.0%

Revenue growth (YoY)

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Latest selected filing: Form 6-K (current report) · 2026-10-07

Headquarters locality: Hangzhou / George Town · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Revenue	112.63B CNY	105.30B CNY	103.47B CNY	96.50B CNY	87.61B CNY	73.67B CNY	59.24B CNY	51.18B CNY	44.44B CNY	38.18B CNY
Cost of Revenue	40.22B CNY	39.49B CNY	40.40B CNY	43.73B CNY	40.64B CNY	34.68B CNY	27.69B CNY	23.83B CNY	19.39B CNY	16.52B CNY
Gross Profit	72.40B CNY	65.81B CNY	63.06B CNY	52.77B CNY	46.97B CNY	38.98B CNY	31.56B CNY	27.35B CNY	25.04B CNY	21.66B CNY
R&D Expense	17.72B CNY	17.52B CNY	16.48B CNY	15.04B CNY	14.08B CNY	10.37B CNY	8.41B CNY	7.38B CNY	4.16B CNY	3.05B CNY
Operating Income	35.83B CNY	29.58B CNY	27.71B CNY	19.63B CNY	16.42B CNY	14.54B CNY	13.79B CNY	9.98B CNY	12.99B CNY	12.63B CNY
Depreciation & Amortization	2.25B CNY	2.42B CNY	3.06B CNY	2.86B CNY	3.28B CNY	3.46B CNY	2.61B CNY	2.06B CNY	791.78M CNY	327.51M CNY
EBITDA	38.08B CNY	32.00B CNY	30.76B CNY	22.49B CNY	19.69B CNY	18.00B CNY	16.40B CNY	12.04B CNY	13.79B CNY	12.96B CNY
Net Income	34.80B CNY	30.26B CNY	29.36B CNY	19.84B CNY	16.98B CNY	12.33B CNY	21.43B CNY	6.48B CNY	10.85B CNY	11.79B CNY
EPS (Diluted)	10.48 CNY	9.19 CNY	9.05 CNY	6.17 CNY	5.01 CNY	3.60 CNY	6.53 CNY	1.89 CNY	3.23 CNY	3.51 CNY
Total Assets	221.42B CNY	195.99B CNY	185.92B CNY	172.76B CNY	153.64B CNY	141.87B CNY	112.12B CNY	86.97B CNY	71.03B CNY	58.03B CNY
Total Liabilities	56.31B CNY	53.50B CNY	57.84B CNY	63.89B CNY	54.22B CNY	48.08B CNY	39.08B CNY	35.56B CNY	23.98B CNY	19.57B CNY
Shareholders' Equity	165.01B CNY	142.41B CNY	127.97B CNY	108.74B CNY	99.28B CNY	83.00B CNY	62.59B CNY	46.03B CNY	46.44B CNY	38.46B CNY
Cash & Equivalents	47.17B CNY	51.38B CNY	21.43B CNY	24.89B CNY	14.50B CNY	9.12B CNY	3.25B CNY	4.98B CNY	2.76B CNY	5.44B CNY
Operating Cash Flow	50.74B CNY	39.68B CNY	35.33B CNY	27.71B CNY	24.93B CNY	24.89B CNY	17.22B CNY	13.42B CNY	11.89B CNY	15.49B CNY
Capital Expenditures	1.07B CNY	1.28B CNY	2.30B CNY	2.10B CNY	1.60B CNY	1.06B CNY	1.21B CNY	2.17B CNY	1.65B CNY	1.14B CNY
Free Cash Flow	49.67B CNY	38.40B CNY	33.03B CNY	25.61B CNY	23.32B CNY	23.83B CNY	16.01B CNY	11.25B CNY	10.23B CNY	14.35B CNY
Share Repurchases	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7.52B CNY	2.06B CNY	1.20B CNY
Dividends Paid	13.83B CNY	11.17B CNY	8.01B CNY	6.72B CNY	3.51B CNY	4.28B CNY	8.84B CNY	1.44B CNY	3.26B CNY	2.55B CNY
Shares Outstanding	3.19B	3.17B	3.21B	3.22B	3.27B	3.35B	3.23B	3.20B	3.28B	3.28B
Weighted Average Diluted Shares	3.22B	3.23B	3.25B	3.30B	3.37B	3.35B	3.25B	3.25B	3.32B	3.31B
EPS (Basic)	10.59 CNY	9.28 CNY	9.15 CNY	6.23 CNY	5.07 CNY	3.65 CNY	6.59 CNY	1.90 CNY	3.25 CNY	3.54 CNY

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