NetEase Inc
NASDAQ:NTES

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NetEase Inc Logo
NetEase Inc
NASDAQ:NTES
Watchlist
Price: 136.76 USD -0.07% Market Closed
Market Cap: 88.1B USD

Income Statement

Earnings Waterfall
NetEase Inc

Revenue
111.8B CNY
Cost of Revenue
-40.8B CNY
Gross Profit
71B CNY
Operating Expenses
-35.6B CNY
Operating Income
35.3B CNY
Other Expenses
947.2m CNY
Net Income
36.3B CNY

Income Statement
NetEase Inc

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Income Statement
Currency: CNY
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
10
8
6
4
1
0
0
0
0
1
2
3
4
3
0
0
47
0
0
0
25
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12
0
0
0
20
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
316
0
0
0
419
0
0
0
248
0
0
0
191
0
0
0
650
0
0
0
884
0
0
0
598
0
0
0
Revenue
26
N/A
44
+71%
76
+71%
140
+84%
221
+58%
310
+40%
403
+30%
471
+17%
542
+15%
627
+16%
704
+12%
804
+14%
904
+12%
1 016
+12%
1 202
+18%
1 407
+17%
1 612
+15%
1 813
+12%
1 973
+9%
2 078
+5%
2 164
+4%
2 189
+1%
2 172
-1%
2 171
0%
2 213
+2%
2 324
+5%
2 641
+14%
2 890
+9%
3 085
+7%
3 216
+4%
3 226
+0%
3 298
+2%
3 757
+14%
4 146
+10%
4 591
+11%
5 124
+12%
5 508
+7%
5 843
+6%
6 268
+7%
6 825
+9%
7 291
+7%
7 756
+6%
7 985
+3%
8 029
+1%
8 201
+2%
8 388
+2%
8 690
+4%
9 045
+4%
9 196
+2%
9 409
+2%
9 912
+5%
10 672
+8%
11 713
+10%
13 008
+11%
14 808
+14%
18 363
+24%
21 687
+18%
25 942
+20%
30 327
+17%
32 867
+8%
33 994
+3%
39 720
+17%
44 143
+11%
47 409
+7%
44 437
-6%
44 970
+1%
47 878
+6%
48 560
+1%
51 179
+5%
51 428
+0%
49 592
-4%
51 068
+3%
59 241
+16%
61 881
+4%
65 618
+6%
69 640
+6%
73 667
+6%
77 122
+5%
79 462
+3%
82 994
+4%
87 606
+6%
90 645
+3%
93 279
+3%
95 515
+2%
96 496
+1%
97 986
+2%
98 838
+1%
101 682
+3%
103 468
+2%
105 274
+2%
106 748
+1%
105 688
-1%
105 295
0%
107 272
+2%
109 678
+2%
111 827
+2%
Gross Profit
Cost of Revenue
(60)
(62)
(60)
(65)
(72)
(77)
(84)
(81)
(85)
(104)
(124)
(155)
(184)
(201)
(224)
(248)
(275)
(308)
(337)
(365)
(381)
(396)
(399)
(405)
(428)
(425)
(457)
(516)
(579)
(581)
(622)
(713)
(972)
(1 230)
(1 497)
(1 690)
(1 799)
(1 922)
(2 064)
(2 247)
(2 372)
(2 492)
(2 552)
(2 562)
(2 578)
(2 550)
(2 476)
(2 446)
(2 479)
(2 530)
(2 731)
(2 979)
(3 262)
(3 775)
(4 729)
(6 694)
(8 349)
(10 506)
(12 456)
(13 512)
(12 834)
(15 662)
(18 629)
(21 281)
(19 394)
(21 457)
(23 856)
(23 262)
(23 832)
(22 298)
(19 970)
(20 800)
(27 686)
(28 686)
(30 367)
(32 374)
(34 684)
(36 464)
(37 406)
(39 013)
(40 635)
(41 890)
(42 773)
(43 076)
(43 730)
(43 160)
(42 578)
(42 200)
(40 405)
(40 091)
(39 899)
(39 328)
(39 488)
(40 001)
(40 397)
(40 845)
Gross Profit
(34)
N/A
(18)
+48%
16
N/A
75
+361%
149
+98%
234
+57%
319
+37%
390
+22%
457
+17%
523
+14%
580
+11%
649
+12%
720
+11%
815
+13%
977
+20%
1 158
+19%
1 337
+15%
1 505
+13%
1 635
+9%
1 713
+5%
1 783
+4%
1 792
+1%
1 773
-1%
1 767
0%
1 785
+1%
1 900
+6%
2 185
+15%
2 374
+9%
2 506
+6%
2 635
+5%
2 604
-1%
2 585
-1%
2 785
+8%
2 915
+5%
3 094
+6%
3 434
+11%
3 709
+8%
3 921
+6%
4 203
+7%
4 579
+9%
4 918
+7%
5 265
+7%
5 433
+3%
5 468
+1%
5 623
+3%
5 838
+4%
6 214
+6%
6 599
+6%
6 718
+2%
6 879
+2%
7 181
+4%
7 693
+7%
8 451
+10%
9 233
+9%
10 079
+9%
11 669
+16%
13 339
+14%
15 436
+16%
17 871
+16%
19 355
+8%
21 160
+9%
24 057
+14%
25 514
+6%
26 128
+2%
25 043
-4%
23 513
-6%
24 021
+2%
25 298
+5%
27 346
+8%
29 130
+7%
29 622
+2%
30 268
+2%
31 555
+4%
33 195
+5%
35 251
+6%
37 266
+6%
38 983
+5%
40 658
+4%
42 056
+3%
43 981
+5%
46 971
+7%
48 755
+4%
50 506
+4%
52 440
+4%
52 766
+1%
54 826
+4%
56 260
+3%
59 483
+6%
63 063
+6%
65 183
+3%
66 850
+3%
66 360
-1%
65 807
-1%
67 271
+2%
69 281
+3%
70 982
+2%
Operating Income
Operating Expenses
(195)
(170)
(135)
(111)
(108)
(110)
(113)
(123)
(130)
(152)
(186)
(250)
(289)
(312)
(329)
(342)
(361)
(383)
(437)
(474)
(503)
(507)
(516)
(563)
(580)
(602)
(609)
(595)
(591)
(633)
(659)
(698)
(762)
(828)
(914)
(1 075)
(1 164)
(1 239)
(1 344)
(1 387)
(1 595)
(1 659)
(1 731)
(1 860)
(1 911)
(2 011)
(2 199)
(2 297)
(2 365)
(2 473)
(2 671)
(3 095)
(3 686)
(4 296)
(4 868)
(5 569)
(5 869)
(6 415)
(7 252)
(7 978)
(8 188)
(9 180)
(10 279)
(11 190)
(12 048)
(14 083)
(15 663)
(16 954)
(17 369)
(16 605)
(15 706)
(15 553)
(17 764)
(18 673)
(20 283)
(22 763)
(24 444)
(26 331)
(28 140)
(29 160)
(30 554)
(31 106)
(31 670)
(32 636)
(33 137)
(33 485)
(33 802)
(34 209)
(35 354)
(37 071)
(37 807)
(37 729)
(36 223)
(34 868)
(34 810)
(35 645)
Selling, General & Administrative
(184)
(158)
(122)
(98)
(95)
(96)
(99)
(107)
(111)
(130)
(160)
(219)
(254)
(268)
(278)
(267)
(270)
(295)
(318)
(333)
(350)
(346)
(355)
(394)
(384)
(415)
(414)
(394)
(370)
(422)
(445)
(466)
(517)
(564)
(629)
(776)
(847)
(893)
(971)
(978)
(1 129)
(1 137)
(1 139)
(1 188)
(1 193)
(1 245)
(1 382)
(1 424)
(1 443)
(1 511)
(1 640)
(1 925)
(2 363)
(2 764)
(3 131)
(3 606)
(3 748)
(4 122)
(4 730)
(5 259)
(5 267)
(5 959)
(6 732)
(7 311)
(7 886)
(9 387)
(10 101)
(10 398)
(9 990)
(8 648)
(7 720)
(7 552)
(9 351)
(10 155)
(11 302)
(13 156)
(14 076)
(15 044)
(15 855)
(15 902)
(16 478)
(16 692)
(17 081)
(17 840)
(18 099)
(18 094)
(18 084)
(18 113)
(18 869)
(20 161)
(20 351)
(20 195)
(18 698)
(17 132)
(17 173)
(17 890)
Research & Development
(11)
(12)
(13)
(13)
(14)
(14)
(15)
(16)
(19)
(22)
(26)
(31)
(34)
(61)
(67)
(76)
(90)
(88)
(119)
(141)
(153)
(162)
(160)
(169)
(196)
(188)
(195)
(200)
(222)
(212)
(213)
(233)
(244)
(264)
(286)
(299)
(318)
(346)
(373)
(409)
(465)
(522)
(591)
(671)
(718)
(766)
(817)
(873)
(922)
(962)
(1 031)
(1 170)
(1 323)
(1 532)
(1 737)
(1 964)
(2 122)
(2 293)
(2 523)
(2 720)
(2 920)
(3 222)
(3 547)
(3 880)
(4 162)
(4 696)
(5 562)
(6 556)
(7 378)
(7 957)
(7 986)
(8 001)
(8 413)
(8 518)
(8 981)
(9 607)
(10 369)
(11 287)
(12 285)
(13 258)
(14 076)
(14 414)
(14 589)
(14 797)
(15 039)
(15 391)
(15 718)
(16 096)
(16 485)
(16 910)
(17 457)
(17 534)
(17 525)
(17 736)
(17 637)
(17 755)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
17
17
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
(229)
N/A
(187)
+18%
(119)
+36%
(36)
+70%
41
N/A
123
+201%
206
+67%
267
+30%
327
+22%
371
+13%
394
+6%
399
+1%
431
+8%
502
+17%
648
+29%
816
+26%
977
+20%
1 122
+15%
1 198
+7%
1 238
+3%
1 280
+3%
1 285
+0%
1 257
-2%
1 203
-4%
1 206
+0%
1 298
+8%
1 576
+21%
1 779
+13%
1 915
+8%
2 001
+5%
1 945
-3%
1 887
-3%
2 023
+7%
2 087
+3%
2 180
+4%
2 359
+8%
2 544
+8%
2 682
+5%
2 860
+7%
3 192
+12%
3 323
+4%
3 606
+9%
3 703
+3%
3 608
-3%
3 712
+3%
3 827
+3%
4 014
+5%
4 302
+7%
4 353
+1%
4 406
+1%
4 511
+2%
4 598
+2%
4 765
+4%
4 937
+4%
5 211
+6%
6 100
+17%
7 469
+22%
9 021
+21%
10 619
+18%
11 377
+7%
12 973
+14%
14 877
+15%
15 234
+2%
14 937
-2%
12 995
-13%
9 430
-27%
8 358
-11%
8 344
0%
9 977
+20%
12 525
+26%
13 916
+11%
14 716
+6%
13 791
-6%
14 522
+5%
14 968
+3%
14 503
-3%
14 539
+0%
14 328
-1%
13 916
-3%
14 821
+7%
16 417
+11%
17 649
+8%
18 837
+7%
19 803
+5%
19 629
-1%
21 342
+9%
22 458
+5%
25 274
+13%
27 709
+10%
28 112
+1%
29 042
+3%
28 631
-1%
29 584
+3%
32 403
+10%
34 470
+6%
35 337
+3%
Pre-Tax Income
Interest Income Expense
8
3
3
4
10
7
7
9
17
14
17
19
22
28
37
46
4
72
83
92
70
95
90
83
62
70
82
105
(21)
151
200
167
138
94
(21)
61
52
137
229
146
193
234
261
402
467
470
529
519
516
567
562
590
591
644
644
709
792
739
566
611
898
902
1 074
970
573
299
414
425
197
930
962
1 478
1 734
2 344
3 187
2 643
(96)
981
540
622
3 996
2 425
2 405
5 468
3 830
4 824
6 848
4 850
5 020
5 905
4 268
3 770
4 232
5 815
6 161
7 297
Non-Reccuring Items
(12)
(10)
(10)
(40)
(37)
(37)
(36)
0
0
0
0
17
17
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(56)
0
0
0
(19)
0
0
0
(56)
0
0
0
274
0
0
0
1 300
0
0
0
Total Other Income
0
0
3
4
0
9
6
6
0
(0)
0
0
0
0
(0)
(6)
0
(11)
(11)
(3)
0
2
3
0
(1)
(52)
(78)
(146)
4
(161)
(148)
(36)
(11)
35
36
(18)
(20)
(15)
5
43
99
98
133
110
100
99
61
57
107
96
100
100
102
92
86
94
46
58
93
182
367
381
502
448
272
244
187
353
903
615
593
597
859
469
812
707
985
818
545
553
710
779
752
799
847
889
888
964
1 054
989
954
758
602
664
770
880
Pre-Tax Income
(233)
N/A
(194)
+17%
(123)
+37%
(68)
+44%
14
N/A
103
+632%
182
+78%
282
+55%
344
+22%
385
+12%
411
+7%
435
+6%
470
+8%
531
+13%
685
+29%
855
+25%
980
+15%
1 182
+21%
1 269
+7%
1 327
+5%
1 350
+2%
1 382
+2%
1 350
-2%
1 287
-5%
1 267
-2%
1 316
+4%
1 579
+20%
1 738
+10%
1 897
+9%
1 992
+5%
1 997
+0%
2 017
+1%
2 151
+7%
2 216
+3%
2 194
-1%
2 402
+9%
2 576
+7%
2 805
+9%
3 093
+10%
3 381
+9%
3 616
+7%
3 939
+9%
4 096
+4%
4 120
+1%
4 278
+4%
4 395
+3%
4 604
+5%
4 877
+6%
4 976
+2%
5 070
+2%
5 172
+2%
5 289
+2%
5 458
+3%
5 673
+4%
5 941
+5%
6 903
+16%
8 306
+20%
9 819
+18%
11 278
+15%
12 170
+8%
14 238
+17%
16 160
+13%
16 811
+4%
16 355
-3%
13 840
-15%
9 973
-28%
8 959
-10%
9 122
+2%
11 077
+21%
14 070
+27%
15 471
+10%
16 790
+9%
16 383
-2%
17 335
+6%
18 967
+9%
17 853
-6%
15 372
-14%
16 126
+5%
15 000
-7%
15 995
+7%
21 104
+32%
20 852
-1%
21 994
+5%
26 071
+19%
24 250
-7%
27 054
+12%
30 195
+12%
31 088
+3%
34 057
+10%
35 006
+3%
34 264
-2%
33 159
-3%
35 718
+8%
38 881
+9%
41 401
+6%
43 514
+5%
Net Income
Tax Provision
0
0
0
0
2
0
(4)
(10)
(21)
(27)
(30)
(30)
(29)
(39)
(49)
(70)
(95)
(110)
(126)
(128)
(132)
(132)
(101)
(93)
(3)
(84)
(222)
(328)
(301)
(248)
(223)
(163)
(314)
(347)
(307)
(332)
(344)
(287)
(304)
(353)
(393)
(519)
(576)
(630)
(692)
(671)
(654)
(665)
(531)
(567)
(533)
(524)
(663)
(698)
(746)
(948)
(1 261)
(1 577)
(1 694)
(1 722)
(2 102)
(2 515)
(2 955)
(2 754)
(2 156)
(1 496)
(1 213)
(1 830)
(2 461)
(3 445)
(3 708)
(2 953)
(2 915)
(2 730)
(3 111)
(3 366)
(3 042)
(3 233)
(3 282)
(3 747)
(4 128)
(4 074)
(4 220)
(4 999)
(5 032)
(5 441)
(4 894)
(4 598)
(4 700)
(4 557)
(5 146)
(5 145)
(5 461)
(5 881)
(6 140)
(6 167)
Income from Continuing Operations
(233)
(194)
(123)
(68)
16
103
179
272
323
358
380
405
441
491
636
785
885
1 072
1 143
1 199
1 217
1 250
1 249
1 194
1 264
1 232
1 357
1 411
1 597
1 744
1 774
1 854
1 837
1 869
1 887
2 070
2 232
2 517
2 789
3 027
3 223
3 420
3 521
3 490
3 587
3 724
3 951
4 212
4 445
4 502
4 639
4 765
4 796
4 975
5 195
5 956
7 045
8 242
9 584
10 448
12 135
13 645
13 855
13 601
11 684
8 477
7 746
7 292
8 616
10 625
11 763
13 838
13 469
14 605
15 856
14 487
12 330
12 893
11 718
12 248
16 976
16 778
17 774
21 071
19 218
21 613
25 301
26 491
29 357
30 449
29 118
28 014
30 256
33 001
35 261
37 347
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14
17
16
25
4
3
18
21
11
18
21
38
51
35
28
3
(1)
2
(27)
(42)
(39)
(78)
(76)
(114)
(102)
(102)
(148)
(154)
(188)
(236)
(195)
(153)
(141)
(106)
(240)
(250)
(325)
(353)
(243)
(246)
(194)
(512)
(579)
(347)
(267)
58
237
(110)
(119)
33
163
383
494
460
349
296
59
(153)
(306)
(500)
(559)
(636)
(1 054)
(1 062)
Net Income (Common)
(233)
N/A
(194)
+17%
(123)
+37%
(68)
+44%
16
N/A
103
+544%
179
+74%
272
+52%
323
+19%
358
+11%
380
+6%
405
+7%
441
+9%
491
+11%
636
+29%
785
+24%
885
+13%
1 072
+21%
1 143
+7%
1 199
+5%
1 218
+2%
1 251
+3%
1 249
0%
1 194
-4%
1 264
+6%
1 232
-3%
1 358
+10%
1 411
+4%
1 597
+13%
1 744
+9%
1 774
+2%
1 855
+5%
1 850
0%
1 886
+2%
1 904
+1%
2 095
+10%
2 236
+7%
2 521
+13%
2 808
+11%
3 048
+9%
3 234
+6%
3 439
+6%
3 541
+3%
3 528
0%
3 637
+3%
3 759
+3%
3 979
+6%
4 215
+6%
4 444
+5%
4 504
+1%
4 612
+2%
4 722
+2%
4 757
+1%
4 897
+3%
5 119
+5%
5 842
+14%
6 735
+15%
7 931
+18%
9 228
+16%
10 086
+9%
11 605
+15%
13 066
+13%
13 318
+2%
13 105
-2%
10 708
-18%
7 537
-30%
6 671
-11%
5 740
-14%
6 152
+7%
7 783
+27%
8 747
+12%
19 881
+127%
21 238
+7%
22 406
+6%
23 873
+7%
14 141
-41%
12 063
-15%
12 951
+7%
11 955
-8%
12 138
+2%
16 857
+39%
16 812
0%
18 561
+10%
22 079
+19%
20 338
-8%
22 698
+12%
25 650
+13%
26 787
+4%
29 417
+10%
30 296
+3%
28 812
-5%
27 513
-5%
29 698
+8%
32 365
+9%
34 207
+6%
36 284
+6%
EPS (Diluted)
-0.08
N/A
-0.06
+25%
-0.04
+33%
-0.02
+50%
0.01
N/A
0.03
+200%
0.05
+67%
0.07
+40%
0.1
+43%
0.1
N/A
0.11
+10%
0.12
+9%
0.13
+8%
0.14
+8%
0.18
+29%
0.22
+22%
0.25
+14%
0.3
+20%
0.32
+7%
0.34
+6%
0.35
+3%
0.36
+3%
0.36
N/A
0.35
-3%
0.38
+9%
0.37
-3%
0.42
+14%
0.44
+5%
0.49
+11%
0.55
+12%
0.55
N/A
0.57
+4%
0.57
N/A
0.58
+2%
0.59
+2%
0.65
+10%
0.69
+6%
0.78
+13%
0.87
+12%
0.94
+8%
0.99
+5%
1.05
+6%
1.08
+3%
1.08
N/A
1.11
+3%
1.16
+5%
1.23
+6%
1.3
+6%
1.36
+5%
1.38
+1%
1.41
+2%
1.44
+2%
1.45
+1%
1.49
+3%
1.55
+4%
1.77
+14%
2.03
+15%
2.39
+18%
2.79
+17%
3.05
+9%
3.5
+15%
3.93
+12%
4.01
+2%
3.95
-1%
3.23
-18%
2.27
-30%
2.04
-10%
1.77
-13%
1.89
+7%
2.4
+27%
2.69
+12%
6.1
+127%
6.53
+7%
6.84
+5%
7.27
+6%
4.12
-43%
3.6
-13%
3.8
+6%
3.52
-7%
3.6
+2%
5.01
+39%
5.08
+1%
5.61
+10%
6.7
+19%
6.17
-8%
6.97
+13%
7.89
+13%
8.23
+4%
9.05
+10%
9.32
+3%
8.88
-5%
8.53
-4%
9.19
+8%
10.09
+10%
10.65
+6%
11.25
+6%