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) Net margin

Alert me on Net margin

NetEase, Inc.'s net margin over the twelve months to 30 June 2026 was 28.0%, down 2.0 percentage points from fiscal 2025 (30.0%). Over the past ten years it has ranged from 9.16% (fiscal 2018) to 35.9% (fiscal 2019); the current reading is higher than 82% of that period. That is above the Electronic Gaming & Multimedia industry median of −2.40% and above the Communication Services sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 30.0% 1.78
FY2024 28.2% (0.23)
FY2023 28.4% 7.35
FY2022 21.1% 1.84
FY2021 19.2% 2.87
FY2020 16.4% (19.48)
FY2019 35.9% 26.69
FY2018 9.16% (10.63)
FY2017 19.8% (10.61)
FY2016 30.4% 0.86

Quarterly newest first

Period Net margin Change (points)
Jun 2026 23.2% (11.70)
Mar 2026 34.9% 11.46
Dec 2025 23.4% (6.95)
Sep 2025 30.4% (0.46)
42 more quarters

Against its own ten years

Low 9.16% High 35.9%
Ten-year median 28.2%
Current reading's percentile 62

Net margin against peers

Company Net margin
SOHU Sohu.com Inc. compare 38.2%
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 32.9%
NTES NetEase, Inc. 28.0%
GDEV GDEV Inc. compare 17.0%
GRVY GRAVITY Co., Ltd. compare 15.0%
TTWO Take-Two Interactive Software, Inc. compare −4.79%
PLTK Playtika Holding Corp. compare −9.84%
RBLX Roblox Corporation compare −16.5%
FIRY Firy Inc. compare −60.2%
Electronic Gaming & Multimedia industry median −2.40%
Communication Services sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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