Company research
NetEase, Inc.
CIK 1110646Updated Sep 24, 2026
SecuritiesNETTF · OTC · equityNTES · NASDAQ · adr
Name history
NETEASE.COM, INC. · through Mar 22, 2012NETEASE COM INC · through Jul 8, 2004
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 31,661,932,000Source | 26,850,732,000Source | 26,186,985,000Source | 25,047,989,000Source |
| Property, Plant and Equipment, NetUSD | 1,204,806,000Source | 1,167,249,000Source | 1,137,346,000Source | 919,551,000Source |
| GoodwillCNY | 1,855,320,000Source | 1,855,293,000Source | 1,855,394,000Source | 2,166,486,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,744,921,000Source | 7,039,485,000Source | 3,018,198,000Source | 3,608,566,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 763,298,000Source | 776,654,000Source | 904,579,000Source | 725,348,000Source |
| Inventory, NetUSD | 98,552,000Source | 78,302,000Source | 97,941,000Source | 144,064,000Source |
| Assets, CurrentUSD | 25,827,670,000Source | 21,005,393,000Source | 20,097,831,000Source | 19,080,671,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,095,128,000Source | 879,107,000Source | 855,871,000Source | 789,927,000Source |
| Operating Lease, Right-of-Use AssetUSD | 45,802,000Source | 74,126,000Source | 105,533,000Source | 128,745,000Source |
| Other Assets, NoncurrentUSD | 531,009,000Source | 696,404,000Source | 836,505,000Source | 986,844,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 8,052,373,000Source | 7,329,115,000Source | 8,146,720,000Source | 9,262,818,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 376,000Source | 360,000Source | 382,000Source | 393,000Source |
| Retained Earnings (Accumulated Deficit)USD | 21,414,680,000Source | 17,855,602,000Source | 15,805,093,000Source | 13,204,587,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -34,001,000Source | 137,932,000Source | 86,872,000Source | 62,603,000Source |
| Stockholders' Equity Attributable to ParentUSD | 22,922,040,000Source | 18,999,850,000Source | 17,505,285,000Source | 15,184,614,000Source |
| Additional Paid in Capital, Common StockUSD | 1,406,738,000Source | 1,350,946,000Source | 3,183,799,000Source | 3,313,553,000Source |
| Liabilities and EquityUSD | 31,661,932,000Source | 26,850,732,000Source | 26,186,985,000Source | 25,047,989,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,488,661,000Source | 6,804,441,000Source | 7,583,556,000Source | 8,239,409,000Source |
| Operating Lease, Liability, CurrentUSD | 16,189,000Source | 23,510,000Source | 36,549,000Source | 37,559,000Source |
| Accounts Payable, CurrentUSD | 91,971,000Source | 98,715,000Source | 124,089,000Source | 218,515,000Source |
| Operating Lease, Liability, NoncurrentUSD | 33,192,000Source | 56,526,000Source | 78,287,000Source | 97,524,000Source |
| Deferred Income Tax Liabilities, NetUSD | 377,123,000Source | 297,716,000Source | 323,850,000Source | 308,258,000Source |
| Other Liabilities, NoncurrentUSD | 153,397,000Source | 111,797,000Source | 100,745,000Source | 87,707,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 674,461,000Source | 510,222,000Source | 518,676,000Source | 580,775,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,280,787,000Source | 1,949,369,000Source | 1,784,660,000Source | 1,612,542,000Source |
| Dividends PayableCNY | 0Source | 0Source | 0Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 58,635,000Source | 60,282,000Source | 529,920,000Source |
| Short-term InvestmentsUSD | 3,260,858,000Source | 1,473,586,000Source | 624,806,000Source | 1,105,184,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 4,976,016,000Source | 4,145,103,000Source | 4,134,878,000Source | 2,877,007,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 321,378,000Source | 331,250,000Source | 430,324,000Source | 414,401,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 521,609,000Source | 531,960,000Source | 456,740,000Source | 460,211,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -37,762,000Source | -98,143,000Source | 207,098,000Source | -80,372,000Source |
| Increase (Decrease) in InventoriesUSD | 16,821,000Source | -16,958,000Source | -41,798,000Source | 4,004,000Source |
| Increase (Decrease) in Accounts PayableUSD | -10,241,000Source | 12,486,000Source | -78,792,000Source | 64,905,000Source |
| Deferred Income Tax Expense (Benefit)CNY | -1,254,125,000Source | 320,726,000Source | 131,437,000Source | 489,670,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 7,255,695,000Source | 5,435,701,000Source | 4,976,306,000Source | 4,017,461,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -4,744,868,000Source | 2,454,537,000Source | -2,400,517,000Source | -1,068,511,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 152,347,000Source | 174,729,000Source | 324,167,000Source | 304,510,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,882,811,000Source | -3,744,976,000Source | -3,023,571,000Source | -1,484,326,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 1,977,046,000Source | 1,529,645,000Source | 1,128,735,000Source | 974,840,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -426,674,000Source | 4,146,735,000Source | -476,298,000Source | 1,480,631,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 55,481,000Source | 67,078,000Source | 109,843,000Source | 85,307,000Source |
| Income Taxes Paid, NetUSD | 919,078,000Source | 710,970,000Source | 689,552,000Source | 738,327,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 3,647,662,000Source | 3,882,939,000Source | 3,242,810,000Source | 3,174,160,000Source |
| DepreciationCNY | — | — | 769,700,000Source | 1,127,200,000Source |
| Dividends PayableCNY | 0Source | 0Source | 0Source | — |
| Equity Securities, FV-NI, Gain (Loss)CNY | -1,200,000,000Source | 1,200,000,000Source | 535,300,000Source | -3,414,700,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -110,958,000Source | 34,994,000Source | -18,733,000Source | 227,804,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -98,513,000Source | 98,525,000Source | -16,893,000Source | 232,596,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 4,331,000Source | 652,000Source | -799,000Source | -525,000Source |
| General and Administrative ExpenseUSD | 604,623,000Source | 623,433,000Source | 690,134,000Source | 680,827,000Source |
| GoodwillCNY | 1,855,320,000Source | 1,855,293,000Source | 1,855,394,000Source | 2,166,486,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 4,145,103,000Source | 4,134,878,000Source | 2,786,410,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 90,597,000Source |
| Income Tax Expense (Benefit)USD | 862,663,000Source | 748,210,000Source | 661,939,000Source | 729,548,000Source |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment LossCNY | 1,108,400,000Source | 530,600,000Source | 414,200,000Source | 342,600,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 147,820,000Source | 76,010,000Source | -8,862,000Source | -72,100,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 4,827,586,000Source | 4,068,556,000Source | 4,143,234,000Source | 2,948,675,000Source |
| Operating ExpensesUSD | 5,229,012,000Source | 4,962,543,000Source | 4,979,542,000Source | 4,804,491,000Source |
| Other Nonoperating Income (Expense)USD | 155,374,000Source | 82,492,000Source | 148,402,000Source | 122,777,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 16,105,276,000Source | 14,425,388,000Source | 14,573,185,000Source | 13,990,577,000Source |
| Cost of RevenueUSD | 5,751,947,000Source | 5,409,855,000Source | 5,690,892,000Source | 6,340,208,000Source |
| Operating Income (Loss)USD | 5,124,317,000Source | 4,052,990,000Source | 3,902,751,000Source | 2,845,878,000Source |
| Other Nonoperating Income (Expense)USD | 155,374,000Source | 82,492,000Source | 148,402,000Source | 122,777,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 5,838,679,000Source | 4,893,313,000Source | 4,796,817,000Source | 3,515,958,000Source |
| Income Tax Expense (Benefit)USD | 862,663,000Source | 748,210,000Source | 661,939,000Source | 729,548,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 147,820,000Source | 76,010,000Source | -8,862,000Source | -72,100,000Source |
| Earnings Per Share, BasicUSD per share | 1.52Source | 1.27Source | 1.29Source | 0.9Source |
| Earnings Per Share, DilutedUSD per share | 1.5Source | 1.26Source | 1.27Source | 0.89Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,186,454,000Source | 3,200,453,000Source | 3,216,475,000Source | 3,263,455,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,218,174,000Source | 3,230,602,000Source | 3,252,029,000Source | 3,296,014,000Source |
| Additional Financial Items | ||||
| Cost, Depreciation and AmortizationCNY | 391,068,000Source | 305,652,000Source | — | — |
| Current Income Tax Expense (Benefit)CNY | 7,286,811,000Source | 5,140,682,000Source | 4,568,267,000Source | 4,542,168,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -110,958,000Source | 34,994,000Source | -18,733,000Source | 227,804,000Source |
| General and Administrative ExpenseUSD | 604,623,000Source | 623,433,000Source | 690,134,000Source | 680,827,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 10,353,329,000Source | 9,015,533,000Source | 8,882,293,000Source | 7,650,369,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 4,145,103,000Source | 4,134,878,000Source | 2,786,410,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | 1.27Source | 1.29Source | 0.87Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | 1.26Source | 1.27Source | 0.86Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 90,597,000Source |
| Investment Income, NetUSD | 104,605,000Source | 48,674,000Source | 184,048,000Source | 7,826,000Source |
| Marketing and Advertising ExpenseUSD | 1,600,000,000Source | 1,500,000,000Source | 1,500,000,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 4,827,586,000Source | 4,068,556,000Source | 4,143,234,000Source | 2,948,675,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | 4,068,556,000Source | 4,143,234,000Source | 2,858,078,000Source |
| Operating ExpensesUSD | 5,229,012,000Source | 4,962,543,000Source | 4,979,542,000Source | 4,804,491,000Source |
| Research and Development ExpenseUSD | 2,533,799,000Source | 2,400,889,000Source | 2,321,851,000Source | 2,180,452,000Source |
| Selling and Marketing ExpenseUSD | 2,090,590,000Source | 1,938,221,000Source | 1,967,557,000Source | 1,943,212,000Source |