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
Follow NTES
Alert me
NetEase, Inc. (NTES) Free cash flow
NetEase, Inc.'s free cash flow for fiscal 2025 was $7.0B, up 35.7% from $5.1B in fiscal 2024. Over the twelve months to 30 June 2026 it was $7.3B. Over the past ten years it has ranged from $950.7M (fiscal 2018) to $7.0B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 7 consecutive fiscal years. NetEase, Inc. ranks 1st of 22 Electronic Gaming & Multimedia companies by free cash flow.
Free cash flow, annual
Embed this chart
Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $7.0B | 35.70% |
| FY2024 | $5.1B | 17.37% |
| FY2023 | $4.4B | 20.20% |
| FY2022 | $3.6B | 5.98% |
| FY2021 | $3.4B | 3.68% |
| FY2020 | $3.3B | 65.34% |
| FY2019 | $2.0B | 110.74% |
| FY2018 | $950.7M | (33.98%) |
| FY2017 | $1.4B | (30.33%) |
| FY2016 | $2.1B | 89.98% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.5B | (21.64%) |
| Mar 2026 | $1.9B | (12.00%) |
| Dec 2025 | $2.2B | 22.13% |
| Sep 2025 | $1.8B | 20.55% |
| 31 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| NTES NetEase, Inc. | $7.3B |
| RBLX Roblox Corporation compare | $1.6B |
| PLTK Playtika Holding Corp. compare | $441.2M |
| TTWO Take-Two Interactive Software, Inc. compare | $298.7M |
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | $146.7M |
| GRVY GRAVITY Co., Ltd. compare | $89.0M |
| GDEV GDEV Inc. compare | $30.2M |
| SOHU Sohu.com Inc. compare | −$2.3M |
| FIRY Firy Inc. compare | −$66.5M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on NTES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement