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NetEase, Inc.

NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 8/30
$115.49+1.85 (+1.63%)

Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –

NetEase Youdao — Operating margin by Quarter

Youdao — Operating margin (%)

NetEase Youdao — Operating margin: 7.6% in Q2 2026, up 5.6 pts from a year earlier.

Latest, Q2 2026
7.6%
Period ended Jun 30, 2026
Change on a year earlier
+5.6 pts
2.0% in Q2 2025
History
23 quarters
Since Q4 2020
Sources
19
Documents cited below

Where the Q2 2026 figure comes from

“The margin of income from operations was 7.6%, compared with 2.0%”

Source: Youdao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedYoudao — Operating margin (%)Year on yearSource
Q2 2026Jun 30, 20267.6%+5.6 ptsYoudao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗
Q1 2026Mar 31, 20264.3%-3.7 ptsYoudao (DAO) Form 6-K (Q1 2026 Earnings Release) ↗
Q4 2025Dec 31, 20253.8%-2.5 ptsYoudao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗
Q3 2025Sep 30, 20251.7%-5.1 ptsYoudao (DAO) Form 6-K (Q3 2025 Earnings Release) ↗
Q2 2025Jun 30, 20252.0%+7.5 ptsYoudao (DAO) Form 6-K (Q2 2026 Earnings Release) ↗
Q1 2025Mar 31, 20258.0%+5.9 ptsYoudao (DAO) Form 6-K (Q1 2026 Earnings Release) ↗
Q4 2024Dec 31, 20246.3%+1.1 ptsYoudao (DAO) Form 6-K (Q4 2025 Earnings Release) ↗
Q3 2024Sep 30, 20246.8%+10.5 ptsYoudao (DAO) Form 6-K (Q3 2025 Earnings Release) ↗
Q2 2024Jun 30, 2024-5.5%+18.5 ptsYoudao (DAO) Form 6-K (Q2 2025 Earnings Release) ↗
Q1 2024Mar 31, 20242.1%+18.9 ptsYoudao (DAO) Form 6-K (Q1 2025 Earnings Release) ↗
Q4 2023Dec 31, 20235.2%+3.5 ptsYoudao (DAO) Form 6-K (Q4 2024 Earnings Release) ↗
Q3 2023Sep 30, 2023-3.7%+11.9 ptsYoudao (DAO) Form 6-K (Q3 2024 Earnings Release) ↗
Q2 2023Jun 30, 2023-24.0%+23.6 ptsYoudao (DAO) Form 6-K (Q2 2024 Earnings Release) ↗
Q1 2023Mar 31, 2023-16.8%-6.4 ptsYoudao (DAO) Form 6-K (Q1 2024 Earnings Release) ↗
Q4 2022Dec 31, 20221.7%+25.4 ptsYoudao (DAO) Form 6-K (Q4 2023 Earnings Release) ↗
Q3 2022Sep 30, 2022-15.6%+6.1 ptsYoudao (DAO) Form 6-K (Q3 2023 Earnings Release) ↗

Cite this data

StockData. (2026). NetEase Youdao — Operating margin (%), quarterly Q4 2020–Q2 2026 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/dao-operating-margin-pct

See every metric in the NetEase KPI table. Data updated Nov 2, 2026.