NetEase (NETTF) FCF Margin (2009 - 2026)
NetEase (NETTF) reported FCF Margin of 45.91% for Q1 2026, up 234.0% on a YoY basis from 13.75% in Q1 2025, and down 15.46% quarter-over-quarter from 54.31% in Q4 2025.
NetEase (NETTF) FCF Margin (2009 - 2026) Analysis & Trends
NetEase has reported FCF Margin for 18 years, with the latest figure at 45.91% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 234.0% year-over-year to 45.91%; the trailing twelve-month figure through Mar 2026 stood at 46.62% (up 601.0% YoY), and the FY2025 full-year result was 44.11%, up 764.0% from the prior year.
- FCF Margin for Q1 2026 stood at 45.91%, down from 54.31% in the prior quarter.
- The five-year high for FCF Margin was 54.31% in Q4 2025, with the low at 22.64% in Q1 2022.
- Historically, FCF Margin has averaged 38.39% across 5 years, with a median of 38.46% in 2023.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 785 bps — and 2025, when it jumped 1333 bps.
- NetEase's FCF Margin 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.63 Bn | 47.77 Bn | 1.76 Bn | 24.48% |
| 2 | Take Two Interactive Software | 39.05 Bn | 37.06 Bn | 938.70 Mn | 11.82% |
| 3 | Roblox | 30.61 Bn | 27.39 Bn | 1.15 Bn | 41.33% |
| 4 | Playtika Holding | 1.16 Bn | 382.18 Mn | 384.10 Mn | 1.87% |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | - |
| 6 | Gdev | 243.40 Mn | 135.08 Mn | 75.00 Mn | 20.00% |
| 7 | Meridian Holdings | 161.93 Mn | 147.40 Mn | 28.14 Mn | 10.36% |
| 8 | Skillz | 141.06 Mn | -18.87 Mn | 25.51 Mn | -23.19% |
| 9 | Brag House Holdings | 90.80 Mn | 90.66 Mn | - | - |
| 10 | NetEase | - | - | 3.06 Bn | 45.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 25.07% |