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Friday 6 November 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.

Revenue
+14.0%
EPS
−14.4%
Free cash flow
+1.53%
Total debt
+18.0%

Quarter to June 2026, against a year earlier

126.73 5.47 +4.51%
Market cap
$80.6B
P/E
16.9×
Fwd P/E
12.5×
Dividend yield
2.31%
F-score
9/9
Altman Z
9.21
Beneish M
−2.86
Dividend safety
69/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NetEase, Inc. (NTES) Debt to equity

Alert me on Debt to equity

NetEase, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.1×, up 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.3× (fiscal 2018) — the current reading is the lowest in ten years. That is above the Electronic Gaming & Multimedia industry median of 0.0× and below the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (54.95%)
FY2024 0.1× (44.11%)
FY2023 0.2× (39.30%)
FY2022 0.3× 21.85%
FY2021 0.2× (13.67%)
FY2020 0.2× (11.93%)
FY2019 0.3× (7.92%)
FY2018 0.3× 108.13%
FY2017 0.1× 43.75%
FY2016 0.1× 28.00%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.1× 13.60%
Mar 2026 0.1× 67.18%
Dec 2025 0.0× (15.32%)
Sep 2025 0.0× (37.57%)
42 more quarters

Against its own ten years

Low 0.0× High 0.3×
Ten-year median 0.2×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
RBLX Roblox Corporation compare −37.4×
PLTK Playtika Holding Corp. compare −6.6×
GDEV GDEV Inc. compare 0.0×
GRVY GRAVITY Co., Ltd. compare 0.0×
SOHU Sohu.com Inc. compare 0.0×
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 0.0×
NTES NetEase, Inc. 0.1×
TTWO Take-Two Interactive Software, Inc. compare 0.7×
FIRY Firy Inc. compare 1.5×
Electronic Gaming & Multimedia industry median 0.0×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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