NetEase has been growing earnings at an average annual rate of 21.2%, while the Entertainment industry saw earnings growing at 15.8% annually. Revenues have been growing at an average rate of 7.5% per year. NetEase's return on equity is 21.1%, and it has net margins of 30%.
Key information
21.24%
Earnings growth rate
22.16%
EPS growth rate
Entertainment Industry Growth
3.18%
Revenue growth rate
7.45%
Return on equity
21.08%
Net Margin
29.98%
Next Earnings Update
21 May 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How NetEase makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
SET:NETEASE80 Revenue, expenses and earnings (CNY Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Dec 25
112,626
33,760
18,848
17,719
30 Sep 25
111,827
36,284
17,890
17,755
30 Jun 25
109,678
34,207
17,173
17,637
31 Mar 25
107,272
32,365
17,132
17,736
31 Dec 24
105,295
29,698
18,698
17,525
30 Sep 24
105,688
27,513
20,195
17,534
30 Jun 24
106,748
28,812
20,351
17,457
31 Mar 24
105,274
30,296
20,161
16,910
31 Dec 23
103,468
29,417
18,869
16,485
30 Sep 23
101,682
26,787
18,113
16,096
30 Jun 23
98,838
25,650
18,084
15,718
31 Mar 23
97,986
22,073
18,094
15,391
31 Dec 22
96,496
19,713
18,099
15,039
30 Sep 22
95,515
21,454
17,840
14,797
30 Jun 22
93,279
17,937
17,081
14,589
31 Mar 22
90,645
16,812
16,692
14,414
31 Dec 21
87,606
16,857
16,478
14,076
30 Sep 21
82,994
12,138
15,902
13,258
30 Jun 21
79,462
11,955
15,855
12,285
31 Mar 21
77,122
12,951
15,044
11,287
31 Dec 20
73,667
12,063
14,076
10,369
30 Sep 20
69,640
14,141
13,156
9,607
30 Jun 20
65,618
15,277
11,302
8,981
31 Mar 20
61,881
14,093
10,155
8,518
31 Dec 19
59,241
13,275
9,351
8,413
30 Sep 19
51,068
13,591
7,552
8,001
30 Jun 19
49,592
11,520
7,720
7,986
31 Mar 19
51,428
10,272
8,648
7,957
31 Dec 18
51,179
8,291
9,990
7,378
30 Sep 18
58,225
6,207
11,899
6,766
30 Jun 18
57,542
6,671
11,602
5,772
31 Mar 18
54,634
7,537
10,888
4,906
31 Dec 17
44,437
11,542
7,886
4,162
30 Sep 17
51,593
13,105
8,031
4,006
30 Jun 17
48,327
13,318
7,453
3,674
31 Mar 17
43,904
13,066
6,679
3,348
31 Dec 16
38,179
11,605
5,988
3,047
30 Sep 16
33,983
10,086
5,483
2,757
30 Jun 16
31,443
9,228
4,954
2,560
31 Mar 16
27,058
7,931
4,347
2,330
31 Dec 15
22,803
6,735
3,973
2,159
30 Sep 15
18,363
5,842
3,606
1,964
30 Jun 15
14,808
5,119
3,131
1,737
Quality Earnings: NETEASE80 has high quality earnings.
Growing Profit Margin: NETEASE80's current net profit margins (30%) are higher than last year (28.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NETEASE80's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: NETEASE80's earnings growth over the past year (13.7%) is below its 5-year average (21.2% per year).
Earnings vs Industry: NETEASE80 earnings growth over the past year (13.7%) exceeded the Entertainment industry -15.2%.
Return on Equity
High ROE: NETEASE80's Return on Equity (21.1%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/08 05:13
End of Day Share Price
2026/05/08 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NetEase, Inc. is covered by 70 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.