NetEase (NETTF) FCF Margin (2009 - 2026)
NetEase's (NETTF) quarterly FCF Margin came in at 45.91% in Q1 2026, up 234.0% YoY from 13.75% in Q1 2025, and down 15.46% on a QoQ basis from 54.31% in Q4 2025.
Analysis
NetEase (NETTF) FCF Margin (2009 - 2026) Analysis & Trends
NetEase (NETTF) has 18 years of FCF Margin data on file, last reported at 45.91% in Q1 2026.
- Quarterly FCF Margin rose 234.0% year-over-year to 45.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 46.62% (up 601.0% YoY) and the FY2025 annual result came in at 44.45%, up 774.0% from the prior year.
- FCF Margin slipped to 45.91% in Q1 2026, from 54.31% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 54.31% in Q4 2025 to a low of 22.64% in Q1 2022.
- A 5-year average of 38.39% and a median of 38.46% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 785 bps — and 2025, when it jumped 1333 bps.
- Tracing NETTF's FCF Margin over 5 years: stood at 36.91% in 2022, then climbed by 23 bps to 45.3% in 2023, then grew by 10 bps to 49.81% in 2024, then climbed by 9 bps to 54.31% in 2025, then dropped by 15 bps to 45.91% in 2026.
- The last three FCF Margin figures came in at 45.91% (Q1 2026), 54.31% (Q4 2025), and 46.66% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | -16.01% |
| 2 | Take Two Interactive Software | 40.64 Bn | 38.82 Bn | 882.50 Mn | -12.63% |
| 3 | Roblox | 29.94 Bn | 26.92 Bn | 1.18 Bn | 20.15% |
| 4 | NetEase | 15.23 Bn | 5.09 Bn | 3.13 Bn | 33.07% |
| 5 | Playtika Holding | 865.87 Mn | 427.37 Mn | 538.20 Mn | 3.21% |
| 6 | DoubleDown Interactive | 651.38 Mn | 97.62 Mn | 71.22 Mn | 26.20% |
| 7 | Gravity | 501.50 Mn | 501.07 Mn | 34,891.11 | - |
| 8 | Sohu.com | 381.72 Mn | -451.25 Mn | 106.58 Mn | - |
| 9 | Gdev | 205.79 Mn | 123.54 Mn | - | -31.86% |
| 10 | Meridian Holdings | 168.95 Mn | 151.63 Mn | 26.85 Mn | 13.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.07% |
| Mar 31, 2026 | 45.91% |
| Dec 31, 2025 | 54.31% |
| Sep 30, 2025 | 46.66% |
| Jun 30, 2025 | 39.62% |
| Mar 31, 2025 | 43.57% |
| Dec 31, 2024 | 49.81% |
| Sep 30, 2024 | 41.80% |
| Jun 30, 2024 | 26.29% |
| Mar 31, 2024 | 37.14% |
| Dec 31, 2023 | 45.30% |
| Sep 30, 2023 | 38.46% |
| Jun 30, 2023 | 34.15% |
| Mar 31, 2023 | 26.57% |
| Dec 31, 2022 | 36.91% |
| Sep 30, 2022 | 32.93% |
| Jun 30, 2022 | 30.55% |
| Mar 31, 2022 | 22.64% |
| Dec 31, 2021 | 36.15% |
| Sep 30, 2021 | 30.19% |