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) Operating margin
NetEase, Inc.'s operating margin over the twelve months to 30 June 2026 was 35.3%, up 3.5 percentage points from fiscal 2025 (31.8%). Over the past ten years it has ranged from 11.8% (fiscal 2018) to 33.1% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Electronic Gaming & Multimedia industry median of −12.9% and above the Communication Services sector median of 0.94%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 31.8% | 3.72 |
| FY2024 | 28.1% | 1.32 |
| FY2023 | 26.8% | 6.44 |
| FY2022 | 20.3% | 1.60 |
| FY2021 | 18.7% | (1.00) |
| FY2020 | 19.7% | (3.54) |
| FY2019 | 23.3% | 11.53 |
| FY2018 | 11.8% | (10.71) |
| FY2017 | 22.5% | (10.62) |
| FY2016 | 33.1% | 1.19 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 40.2% | (1.21) |
| Mar 2026 | 41.4% | 10.94 |
| Dec 2025 | 30.4% | 2.17 |
| Sep 2025 | 28.3% | (4.23) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | 36.0% |
| NTES NetEase, Inc. | 35.3% |
| GDEV GDEV Inc. compare | 18.9% |
| GRVY GRAVITY Co., Ltd. compare | 15.9% |
| TTWO Take-Two Interactive Software, Inc. compare | −2.41% |
| PLTK Playtika Holding Corp. compare | −2.82% |
| SOHU Sohu.com Inc. compare | −12.9% |
| RBLX Roblox Corporation compare | −19.8% |
| FIRY Firy Inc. compare | −53.4% |
| Electronic Gaming & Multimedia industry median | −12.9% |
| Communication Services sector median | 0.94% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on NTES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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