NetEase, Inc. (NETTF) balance sheet

NETTFOTCServices-Prepackaged SoftwareAlso trades as NTES

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 8/30

$21.54+0.00 (0.00%)

Close on Oct 19, 2026Market cap $72.55BP/E 14.5Yield –

NetEase, Inc. balance sheet

Annual Quarterly

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Cash & Equivalents	47,168	51,383	21,429	24,889	14,498	9,117	6,397	9,669	8,354	10,973	9,464	2,021	1,458	1,591	2,215	1,285	1,041	793	2,483
Short-Term Investments	22,804	10,756	4,436	7,623	12,282	13,273	15,313	11,675	9,743	11,582	5,013	2,059	901	1,074	994	–	–	–	–
Cash & Short-Term Investments	69,971	62,139	25,865	32,512	26,780	22,390	21,709	21,344	18,097	22,555	14,478	4,080	2,359	2,664	3,208	1,285	1,041	793	2,483
Receivables	5,338	5,669	6,422	5,003	5,508	4,576	4,169	4,002	3,620	4,251	2,614	873	403	269	230	256	187	–	–
Inventory	689	572	695	994	965	592	651	1,066	5,475	1,578	818	28	–	–	–	–	–	–	–
Prepaid Expenses & Other	7,658	6,417	6,077	5,448	6,236	6,077	4,817	3,925	3,816	3,698	2,696	1,424	1,144	1,122	900	679	568	–	–
Other Current Assets	198	144	132	155	126	100	118	91	233	87	120	45	25	26	18	3.48	–	–	–
Total Current Assets	180,615	153,325	142,693	131,603	113,120	107,831	85,105	68,716	61,948	49,383	34,409	27,733	22,798	17,869	14,474	10,627	7,973	–	–
Property, Plant & Equipment	8,425	8,520	8,075	6,342	5,434	4,550	4,622	4,672	3,769	2,420	2,092	1,281	872	815	848	756	558	–	–
Gross Property, Plant & Equipment	16,139	15,870	15,176	12,613	10,711	8,986	8,128	7,301	5,545	3,823	3,210	2,250	1,772	1,564	1,419	1,118	–	–	–
Accumulated Depreciation	-7,679	-7,182	-6,924	-6,270	-5,277	-4,436	-3,506	-2,629	-1,775	-1,403	-1,118	-968	-899	-749	-570	-362	–	–	–
Long-Term Investments	18,463	20,206	21,783	18,544	18,805	11,711	9,294	5,245	2,685	1,970	1,765	377	–	–	–	–	–	–	–
Equity Method Investments	4,517	6,406	6,109	5,239	3,776	1,621	1,138	737	564	653	319	207	228	34	33	35	–	–	–
Operating Lease Right-of-Use Assets	320	541	749	888	1,044	773	464	–	–	–	–	–	–	–	–	–	–	–	–
Goodwill	1,855	1,855	1,855	2,166	595	319	–	–	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Assets	2,831	1,113	1,560	1,481	1,298	1,087	904	1,064	–	24	25	21	23	2.22	2.59	1.53	4.19	–	–
Other Long-Term Assets	3,713	5,083	5,939	6,806	4,008	5,109	5,667	2,930	1,113	500	318	192	–	–	–	–	–	–	–
Total Assets	221,415	195,992	185,925	172,761	153,644	141,875	112,124	86,968	71,031	58,032	41,157	30,355	24,546	19,278	15,445	11,587	8,803	–	–
Accounts Payable	643	721	881	1,507	985	1,134	1,212	1,201	2,443	1,396	701	411	219	158	134	131	238	–	–
Accrued Expenses	15,950	14,229	12,671	11,122	9,027	7,007	5,293	5,005	4,692	3,219	2,218	1,357	957	764	498	452	213	–	–
Current Portion of Leases	113	172	259	259	334	331	191	–	–	–	–	–	–	–	–	–	–	–	–
Current Income Taxes Payable	2,791	1,740	1,790	2,116	3,459	3,286	2,378	1,776	1,249	1,361	532	241	3.33	297	269	200	214	–	–
Deferred Revenue (Current)	20,515	15,299	13,362	12,519	12,133	10,399	8,602	7,718	6,238	7,531	4,652	1,968	1,481	1,160	1,014	774	583	–	–
Total Current Liabilities	52,369	49,668	53,842	56,829	50,501	46,743	38,243	35,109	23,750	19,176	11,667	6,756	4,233	3,577	2,283	1,828	1,378	–	–
Long-Term Debt	–	428	428	3,655	1,275	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Long-Term Leases	232	413	556	673	732	475	280	–	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	345	584	815	932	1,067	806	471	–	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Liabilities	2,637	2,173	2,299	2,126	1,346	713	382	–	–	34	81	–	–	–	–	1.46	–	–	–
Other Long-Term Liabilities	1,073	816	715	605	366	149	177	49	18	0.20	85	106	145	100	64	33	0.20	–	–
Total Liabilities	56,311	53,497	57,841	63,888	54,220	48,081	39,083	35,556	23,982	19,569	11,834	6,863	4,378	3,676	2,346	1,863	1,378	–	–
Total Debt	–	428	428	3,655	1,275	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Common Stock	2.63	2.63	2.71	2.71	2.79	2.79	2.64	2.62	2.68	2.68	2.69	2.67	2.66	2.70	2.69	2.67	2.66	–	–
Additional Paid-In Capital	9,837	9,861	22,605	22,854	37,916	27,829	3,914	–	1,753	1,638	1,779	1,226	855	1,157	1,002	851	784	–	–
Retained Earnings	149,755	130,333	112,215	91,075	77,494	64,163	56,394	43,997	42,733	35,329	26,420	21,224	18,509	14,310	11,649	8,565	6,426	–	–
Treasury Stock	-1,519	-4,473	-12,694	-10,911	-20,502	-10,446	–	–	–	–	–	–	–	-422	–	–	–	–	–
Comprehensive Income & Other	-238	1,007	617	432	-828	-650	-71	17	37	61	27	–	–	–	–	–	–	–	–
Shareholders' Equity	160,296	138,686	124,286	104,731	95,328	82,127	61,454	45,232	45,732	38,191	29,240	23,390	20,245	15,681	13,127	9,741	7,439	–	–
Noncontrolling Interest	4,717	3,724	3,683	4,006	3,951	871	1,139	794	703	272	84	-32	-77	-79	-28	-17	-13	–	–
Total Equity	165,013	142,410	127,968	108,737	99,279	82,998	62,593	46,026	46,435	38,463	29,324	23,358	20,168	15,601	13,098	9,724	7,425	5,517	3,399
Total Liabilities & Equity	221,415	195,992	185,925	172,761	153,644	141,875	112,124	86,968	71,031	58,032	41,157	30,355	24,546	19,278	15,445	11,587	8,803	–	–
Shares Outstanding(shares)	3,192	3,168	3,211	3,224	3,274	3,349	3,229	3,199	3,283	3,281	3,287	3,268	3,250	3,246	3,274	3,252	3,238	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 64.3%
Operating margin: 31.8%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 3.45
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 90.1%

Valuation

P/E ratio: 14.5
Price to sales: 4.30
Price to book: 3.02
Dividend yield: –