Saturday 17 October 2026
Export NTES’s income statement to Excel — free account
NetEase, Inc.
NTES Communication Services Electronic Gaming & Multimedia
NetEase, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 14.0%, EPS fell 14.4%, free cash flow grew 1.53% and total debt rose 18.0%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.
126.06
1.05
−0.83%
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
23,870.69 | 19,271.33 | 18,239.44 | 17,421.33 | 15,756.71 | 14,792.48 | 10,801.29 | 7,967.65 | 7,536.86 | 5,740.46 |
Receivables |
763.30 | 776.65 | 904.58 | 725.35 | 864.32 | 701.37 | 598.89 | 623.74 | 556.34 | 612.31 |
Inventory |
98.55 | 78.30 | 97.94 | 144.06 | 151.39 | 95.20 | 93.45 | 729.81 | 841.48 | 227.30 |
Other current assets |
— | — | — | — | 0.08 | 600.00 | 38.97 | 1,274.58 | 457.23 | 508.51 |
Total current assets |
25,827.67 | 21,005.39 | 20,097.83 | 19,080.67 | 17,751.04 | 16,525.83 | 12,224.57 | 9,994.29 | 9,521.20 | 7,189.93 |
Property, Plant, Equpment (Net) |
1,204.81 | 1,167.25 | 1,137.35 | 919.55 | 852.69 | 698.15 | 663.87 | 782.28 | 579.34 | 348.48 |
Long-Term Investments |
3,068.44 | 3,182.68 | 3,215.99 | 3,119.85 | 3,864.79 | 2,810.92 | 1,673.97 | 777.56 | 428.01 | 362.96 |
Goodwill and Intangible Assets (Total) |
578.76 | 571.63 | 573.97 | 597.60 | 644.65 | 640.35 | 532.50 | 509.43 | 91.19 | 84.82 |
Long Term Assets (Tax, Deferred) |
404.89 | 152.54 | 219.73 | 214.69 | 203.68 | 166.55 | 129.84 | 154.80 | 126.57 | 3.46 |
Long-term assets (Other) |
531.57 | 697.12 | 836.58 | 986.88 | 629.39 | 782.94 | 814.30 | 430.61 | 171.03 | 368.68 |
Total non-current assets |
5,834.26 | 5,845.34 | 6,089.15 | 5,967.32 | 6,359.05 | 5,217.40 | 3,881.09 | 2,654.67 | 1,396.13 | 1,168.40 |
Total Assets |
31,661.93 | 26,850.73 | 26,186.98 | 25,047.99 | 24,110.08 | 21,743.23 | 16,105.66 | 12,648.96 | 10,917.33 | 8,358.33 |
Accounts Payable |
91.97 | 98.72 | 124.09 | 218.52 | 154.58 | 173.86 | 174.14 | 346.86 | 375.41 | 201.09 |
Accrued Expenses |
699.22 | 641.57 | 684.12 | 686.21 | 648.60 | 542.33 | 424.80 | 435.15 | 336.46 | 214.81 |
Current Part of Debt |
912.96 | 1,617.29 | 2,709.92 | 3,461.65 | 3,036.80 | 2,989.23 | 2,417.22 | 1,986.55 | 1,018.01 | 549.57 |
Current Part of Taxes to Pay |
554.00 | 378.01 | 362.19 | 407.86 | 711.96 | 656.37 | 453.41 | 330.45 | 240.49 | 248.09 |
Current Revenue (Deferred) |
— | — | — | — | 1,903.89 | 1,677.42 | 1,235.63 | 1,156.75 | 958.76 | 1,084.72 |
Current Tax Liabilities (Deferred) |
— | — | — | — | — | — | — | — | — | 51.64 |
Other current liabilities |
2,933.54 | 2,095.99 | 1,882.02 | 1,815.07 | 4,135.64 | 3,440.26 | 0.31 | 2,690.42 | 2,040.20 | 1,760.31 |
Total current liabilities |
7,488.66 | 6,804.44 | 7,583.56 | 8,239.41 | 7,924.76 | 7,163.75 | 5,493.27 | 5,106.39 | 3,650.33 | 2,813.63 |
Long Term Debt (Total) |
— | 58.64 | 60.28 | 529.92 | 200.10 | 72.65 | 40.18 | — | — | — |
Long Term Tax Liability (Deferred) |
377.12 | 297.72 | 323.85 | 308.26 | 211.20 | 109.34 | 54.88 | 57.26 | 32.77 | 4.86 |
Minority Interests |
13.06 | 11.55 | 16.30 | 19.78 | 22.79 | 1,654.58 | 1,500.85 | 783.32 | 94.48 | — |
Non-current Liabilities (Other) |
153.40 | 111.80 | 100.75 | 87.71 | 57.37 | 22.81 | 25.56 | 7.80 | 2.81 | 0.03 |
Total non-current liabilities |
576.77 | 536.22 | 579.47 | 1,043.19 | 606.34 | 1,859.51 | 1,621.49 | 848.39 | 130.05 | 4.89 |
Total liabilities |
8,065.43 | 7,340.66 | 8,163.02 | 9,282.60 | 8,531.10 | 9,023.26 | 7,114.76 | 5,954.78 | 3,780.38 | 2,818.51 |
Additional Paid In Capital |
1,406.74 | 1,350.95 | 3,183.80 | 3,313.55 | 5,949.84 | 4,265.05 | 562.16 | — | 269.50 | 235.91 |
Common Stock (Net) |
0.38 | 0.36 | 0.38 | 0.39 | 0.44 | 0.43 | 0.38 | 0.38 | 0.41 | 0.39 |
Retained Earnings |
21,414.68 | 17,855.60 | 15,805.09 | 13,204.59 | 12,160.57 | 9,833.36 | 8,100.44 | 6,399.16 | 6,567.95 | 5,088.41 |
Treasury Stock |
217.15 | 612.81 | 1,787.96 | 1,581.91 | 3,217.24 | 1,600.94 | — | — | — | — |
Shareholders Equity (Other) |
351.40 | 267.82 | 217.10 | 185.39 | 195.39 | 188.27 | 174.55 | 176.65 | 185.39 | 167.10 |
Common Equity (Total) |
23,596.50 | 19,510.07 | 18,023.96 | 15,765.39 | 15,578.98 | 12,719.97 | 8,990.90 | 6,694.18 | 7,136.95 | 5,539.82 |
Shareholders Equity (Total) |
23,596.50 | 19,510.07 | 18,023.96 | 15,765.39 | 15,578.99 | 12,719.97 | 8,990.90 | 6,694.18 | 7,136.95 | 5,539.82 |
Shareholders Equity and Liabilities (Total) |
31,661.93 | 26,850.73 | 26,186.98 | 25,047.99 | 24,110.08 | 21,743.23 | 16,105.66 | 12,648.96 | 10,917.33 | 8,358.33 |
Shares (Common) |
638.42 | 633.59 | 642.16 | 644.72 | 654.77 | 669.87 | 645.71 | 639.81 | 656.65 | 656.30 |
Shareholders Equity (Tangible) |
23,017.74 | 18,938.45 | 17,449.99 | 15,167.79 | 14,934.34 | 12,079.63 | 8,458.40 | 6,184.75 | 7,045.77 | 5,455.00 |
Net Debt |
(22,957.73) | (17,595.41) | (15,469.24) | (13,429.76) | (12,519.81) | (11,730.61) | (8,343.89) | (5,981.10) | (6,518.85) | (5,190.88) |
Total Debt |
912.96 | 1,675.92 | 2,770.20 | 3,991.57 | 3,236.90 | 3,061.87 | 2,457.40 | 1,986.55 | 1,018.01 | 549.57 |
In millions of $ except per-share values · columns are period end dates