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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 Cost of revenues (RMB M) by Year

Cost of revenues (RMB M) ($M)

QuarterlyAnnual

NetEase Cost of revenues (RMB M): $40,224M in 2025, up 1.9% from a year earlier.

Latest, 2025
40,224
Period ended Dec 31, 2025
Change on a year earlier
+1.9%
39,488 in 2024
History
18 years
Since 2008
Sources
13
Documents cited below

Where the 2025 figure comes from

“|| Cost of revenues | (10,475,470 | ) | (10,181,020 | ) | (9,854,598 | ) | (1,409,189 | ) | (39,488,152 | ) | (40,223,939 | ) | (5,751,947 | )”

Source: NTES Form 6-K (Q4 2025 Earnings Release) ↗

Annual history

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

PeriodEndedCost of revenues (RMB M) ($M)Year on yearSource
2025Dec 31, 202540,224+1.9%NTES Form 6-K (Q4 2025 Earnings Release) ↗
2024Dec 31, 202439,488-2.3%NTES Form 6-K (Q4 2025 Earnings Release) ↗
2023Dec 31, 202340,405-7.6%NTES Form 6-K (Q4 2024 Earnings Release) ↗
2022Dec 31, 202243,730+7.6%NTES Form 6-K (Q4 2023 Earnings Release) ↗
2021Dec 31, 202140,635+17.2%NTES Form 6-K (Q4 2022 Earnings Release) ↗
2020Dec 31, 202034,684+25.3%NTES Form 6-K (Q4 2021 Earnings Release) ↗
2019Dec 31, 201927,686+16.2%NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗
2018Dec 31, 201823,832+22.9%NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗
2017Dec 31, 201719,394+17.4%NetEase (NTES) 20-F, filed 2020-04-29 (financial database) ↗
2016Dec 31, 201616,515+75.7%NetEase (NTES) 20-F, filed 2017-04-21 (financial database) ↗
2015Dec 31, 20159,399+188.2%NetEase (NTES) 20-F, filed 2016-04-22 (financial database) ↗
2014Dec 31, 20143,262+31.6%NetEase (NTES) 20-F, filed 2015-04-24 (financial database) ↗
2013Dec 31, 20132,479-3.9%NetEase (NTES) 20-F, filed 2014-04-24 (financial database) ↗
2012Dec 31, 20122,578+8.7%NetEase (NTES) 20-F, filed 2013-04-22 (financial database) ↗
2011Dec 31, 20112,372+31.9%NetEase (NTES) 20-F, filed 2012-04-26 (financial database) ↗
2010Dec 31, 20101,799+85.0%NetEase (NTES) 20-F, filed 2011-06-22 (financial database) ↗

Cite this data

StockData. (2026). NetEase Cost of revenues (RMB M) ($M), annual 2008–2025 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/db-cost-of-revenue

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