NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF

NetEase, Inc.

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

$125.25−0.81 (-0.64%)

Close on Oct 19, 2026

NetEase, Inc. income statement

AnnualQuarterlyTTM

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
Revenue	112,626	105,295	103,468	96,496	87,606	73,667	59,241	51,179	44,437	38,179	22,803	11,713	9,771	8,380	7,473	5,660	3,823	2,976
Cost of Revenue	40,224	39,488	40,405	43,730	40,635	34,684	27,686	23,832	19,394	16,515	9,399	3,262	2,479	2,578	2,372	1,799	972	579
Gross Profit	72,402	65,807	63,063	52,766	46,971	38,983	31,555	27,346	25,043	21,664	13,404	8,451	6,718	5,623	4,918	3,709	2,785	2,506
Research & Development	17,719	17,525	16,485	15,039	14,076	10,369	8,413	7,378	4,162	3,047	2,159	1,323	922	718	465	318	244	222
Selling, General & Admin	18,848	18,698	18,869	18,099	16,478	14,076	9,351	9,990	7,886	5,988	3,973	2,363	1,443	1,193	1,129	847	517	370
Selling & Marketing	14,620	14,148	13,969	13,403	12,214	10,704	6,221	6,912	5,505	4,482	2,958	1,895	1,094	907	849	657	352	232
General & Administrative	4,228	4,551	4,900	4,696	4,264	3,372	3,130	3,079	2,382	1,506	1,014	468	350	286	280	190	165	137
Advertising Expenses	11,400	10,900	10,400	10,000	8,900	3,782	1,679	2,222	1,998	1,117	698	467	371	243	247	204	65	–
Operating Expenses	36,567	36,223	35,354	33,138	30,554	24,445	17,765	17,369	12,048	9,035	6,132	3,686	2,365	1,911	1,595	1,165	761	591
Operating Income	35,835	29,584	27,709	19,629	16,417	14,538	13,791	9,977	12,995	12,629	7,272	4,765	4,353	3,712	3,323	2,544	2,023	1,915
Income from Equity Investments	–	–	–	–	–	–	4.32	-98	-12	-86	-76	-49	-5.32	0.84	-1.20	1.09	-4.10	-2.03
Other Non-Operating Income	1,087	602	1,054	847	710	737	439	587	272	378	45	82	95	100	99	-20	-11	3.55
Asset Impairment Charges	2,724	1,292	469	300	100	58	178	160	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Investments	-1,200	1,200	535	-3,400	91	721	763	-216	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	30	4.76	-5.68	-3.62	-54	-6.48	-5.12	1.39	-5.07	-1.28	-5.90	-1.51	0.51	0.04	0.07	-14	-3.99	-0.32
Pretax Income	40,830	35,718	34,057	24,250	21,104	15,372	16,383	11,077	13,840	13,895	8,110	5,458	4,976	4,278	3,616	2,576	2,151	1,897
Income Tax Expense	6,033	5,461	4,700	5,032	4,128	3,042	2,915	2,461	2,156	2,102	1,273	663	531	692	393	344	314	301
Income from Continuing Operations	–	30,256	29,357	19,218	16,976	12,330	13,469	8,616	11,684	–	–	–	–	–	–	–	–	–
Income from Discontinued Operations	–	–	–	625	–	–	7,963	-2,139	-834	–	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	34,798	30,256	29,357	19,843	16,976	12,330	21,431	6,477	10,849	11,793	6,837	4,796	4,445	3,587	3,223	2,232	1,837	1,597
Minority Interest in Earnings	1,034	555	-63	-497	-418	-520	-78	77	141	188	102	39	1.31	-51	-11	-3.75	-14	-0.03
Net Income	–	–	–	–	–	–	–	–	–	11,605	6,735	4,757	4,444	3,637	3,234	2,236	1,850	1,597
Net Income to Common	33,760	29,698	29,417	20,338	16,857	12,063	21,238	6,152	10,708	11,605	6,735	–	–	–	–	–	–	–
EPS (Basic)(per share)	10.59	9.28	9.15	6.23	5.07	3.65	6.59	1.90	3.25	3.54	2.05	1.46	1.37	1.11	0.99	0.69	0.57	0.51
EPS (Diluted)(per share)	10.48	9.19	9.05	6.17	5.01	3.60	6.53	1.89	3.23	3.51	2.04	1.45	1.36	1.11	0.99	0.69	0.57	0.49
Shares Outstanding (Basic, Weighted)(shares)	3,186	3,200	3,216	3,263	3,326	3,305	3,220	3,235	3,290	3,282	3,284	3,264	3,248	3,283	3,266	3,246	3,225	3,117
Shares Outstanding (Diluted, Weighted)(shares)	3,218	3,231	3,252	3,296	3,367	3,350	3,250	3,255	3,315	3,307	3,305	3,277	3,256	3,288	3,277	3,262	3,249	3,234
EBITDA	38,082	32,002	30,764	22,487	19,693	17,996	16,404	12,037	13,787	12,956	7,455	4,940	4,511	3,945	3,617	2,776	2,167	2,006

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: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.