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

NetEase, Inc. (NTES) Free cash flow

Alert me on 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

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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

Against its own ten years

Low $950.7M High $7.0B
Ten-year median $3.3B
Current reading's percentile 100

Free cash flow against peers

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)

The full definition of Free cash flow →

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