CompanyScope

Netease, Inc. income statement & cash flow

Tickers NETTF, NTES · SEC CIK 1110646 · Latest fiscal year ended Dec 31, 2025

In the fiscal year ended Dec 31, 2025, Netease, Inc. reported net income of $4.98B on revenue of $16.11B. Operating cash flow was $7.26B and capital expenditures were $152.35M, leaving $7.10B of free cash flow (operating cash flow minus capital expenditures).

$0$2B$4B$6BDec 2016: $1.67BDec 2017: $1.67BDec 2018: $942.10MDec 2019: $3.08BDec 2020: $1.89BDec 2021: $2.66BDec 2022: $2.88BDec 2023: $4.13BDec 2024: $4.15BDec 2025: $4.98BDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Netease, Inc. net income by fiscal year, USD. Hover a bar for the exact figure.

Income statement and cash flow summary

Fiscal year endedDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue (USD)$5.50B$8.32B$9.77B$8.51B$11.29B$13.75B$13.99B$14.57B$14.43B$16.11B
Gross profit (USD)$3.12B$3.98B$4.13B$4.53B$5.97B$7.37B$7.65B$8.88B$9.02B$10.35B
Operating income (USD)$1.82B$1.87B$1.15B$1.98B$2.23B$2.58B$2.85B$3.90B$4.05B$5.12B
Net income (USD)$1.67B$1.67B$942.10M$3.08B$1.89B$2.66B$2.88B$4.13B$4.15B$4.98B
Diluted EPS (USD per share)$0.51$0.50$0.27$0.94$0.55$0.79$0.89$1.27$1.26$1.50
Operating cash flow (USD)$2.23B$1.83B$1.95B$2.47B$3.81B$3.91B$4.02B$4.98B$5.44B$7.26B
Capital expenditures (USD)$163.55M$283.25M$367.70M$173.73M$161.77M$251.36M$304.51M$324.17M$174.73M$152.35M
Reported in20-F 201720-F 201820-F 201920-F 202020-F 202120-F 202220-F 202320-F 202420-F 202520-F 2026

Columns are fiscal years, labeled by the month the year ended; scroll sideways on small screens. — means the company did not report the figure under the XBRL concepts we track.

Margins

Each figure divided by revenue for the same fiscal year.

Fiscal year endedGross marginOperating marginNet margin
Dec 202564.3%31.8%30.9%
Dec 202462.5%28.1%28.7%
Dec 202360.9%26.8%28.4%
Dec 202254.7%20.3%20.6%
Dec 202153.6%18.7%19.4%
$0$2B$4B$6B$8BDec 2016: $2.23BDec 2017: $1.83BDec 2018: $1.95BDec 2019: $2.47BDec 2020: $3.81BDec 2021: $3.91BDec 2022: $4.02BDec 2023: $4.98BDec 2024: $5.44BDec 2025: $7.26BDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Netease, Inc. operating cash flow by fiscal year, USD. Hover a bar for the exact figure.

Source: SEC EDGAR XBRL company facts for CIK 1110646 (raw data). Most recent filing in this dataset: 20-F filed Apr 15, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.