stockrowNetEase, 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
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NetEase, Inc. (NTES) Gross margin
NetEase, Inc.'s gross margin over the twelve months to 30 June 2026 was 67.2%, up 2.9 percentage points from fiscal 2025 (64.3%). Over the past ten years it has ranged from 42.3% (fiscal 2018) to 64.3% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Electronic Gaming & Multimedia industry median of 67.2% and above the Communication Services sector median of 51.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 64.3% | 1.79 |
| FY2024 | 62.5% | 1.55 |
| FY2023 | 61.0% | 6.27 |
| FY2022 | 54.7% | 1.06 |
| FY2021 | 53.6% | 0.70 |
| FY2020 | 52.9% | (0.35) |
| FY2019 | 53.3% | 10.98 |
| FY2018 | 42.3% | (5.61) |
| FY2017 | 47.9% | (8.84) |
| FY2016 | 56.7% | (2.04) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 70.5% | 1.11 |
| Mar 2026 | 69.4% | 5.13 |
| Dec 2025 | 64.2% | 0.13 |
| Sep 2025 | 64.1% | (0.62) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GDEV GDEV Inc. compare | 87.9% |
| FIRY Firy Inc. compare | 87.8% |
| RBLX Roblox Corporation compare | 79.3% |
| SOHU Sohu.com Inc. compare | 78.5% |
| PLTK Playtika Holding Corp. compare | 73.6% |
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | 73.4% |
| NTES NetEase, Inc. | 67.2% |
| TTWO Take-Two Interactive Software, Inc. compare | 56.0% |
| GRVY GRAVITY Co., Ltd. compare | 33.7% |
| Electronic Gaming & Multimedia industry median | 67.2% |
| Communication Services sector median | 51.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NTES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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