NetEase (NETTF) Operating Margin (2009 - 2026)
NetEase (NETTF) reported Operating Margin of 41.37% for Q1 2026, up 516.0% on a YoY basis from 6.72% in Q1 2025, and up 37.0% quarter-over-quarter from 30.2% in Q4 2025.
NetEase (NETTF) Operating Margin (2009 - 2026) Analysis & Trends
NetEase has reported Operating Margin for 18 years, with the latest figure at 41.37% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 516.0% year-over-year to 41.37%; the trailing twelve-month figure through Mar 2026 stood at 33.33% (up 314.0% YoY), and the FY2025 full-year result was 31.82%, up 372.0% from the prior year.
- Operating Margin for Q1 2026 stood at 41.37%, up from 30.2% in the prior quarter.
- The five-year high for Operating Margin was 41.37% in Q1 2026, with the low at 17.49% in Q4 2022.
- Historically, Operating Margin has averaged 27.62% across 5 years, with a median of 27.71% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 142 bps — and 2023, when it surged 830 bps.
- NetEase's Operating Margin stood at 17.49% in 2022, then soared by 45 bps to 25.31% in 2023, then rose by 16 bps to 29.24% in 2024, then increased by 3 bps to 30.2% in 2025, then soared by 37 bps to 41.37% in 2026.
- The last three Operating Margin figures came in at 41.37% (Q1 2026), 30.2% (Q4 2025), and 28.26% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.63 Bn | 47.77 Bn | 1.76 Bn | 26.60% |
| 2 | Take Two Interactive Software | 39.05 Bn | 37.06 Bn | 938.70 Mn | 0.65% |
| 3 | Roblox | 30.61 Bn | 27.39 Bn | 1.15 Bn | -20.39% |
| 4 | Playtika Holding | 1.16 Bn | 382.18 Mn | 384.10 Mn | -6.66% |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | -4.76% |
| 6 | Gdev | 243.40 Mn | 135.08 Mn | 75.00 Mn | 93.33% |
| 7 | Meridian Holdings | 161.93 Mn | 147.40 Mn | 28.14 Mn | 6.30% |
| 8 | Skillz | 141.06 Mn | -18.87 Mn | 25.51 Mn | -30.06% |
| 9 | Brag House Holdings | 90.80 Mn | 90.66 Mn | - | - |
| 10 | NetEase | - | - | 3.06 Bn | 41.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.37% |
| Dec 31, 2025 | 30.20% |
| Sep 30, 2025 | 28.26% |
| Jun 30, 2025 | 32.49% |
| Mar 31, 2025 | 36.22% |
| Dec 31, 2024 | 29.24% |
| Sep 30, 2024 | 27.27% |
| Jun 30, 2024 | 27.44% |
| Mar 31, 2024 | 28.39% |
| Dec 31, 2023 | 25.31% |
| Sep 30, 2023 | 27.71% |
| Jun 30, 2023 | 25.25% |
| Mar 31, 2023 | 28.83% |
| Dec 31, 2022 | 17.49% |
| Sep 30, 2022 | 19.41% |
| Jun 30, 2022 | 21.36% |
| Mar 31, 2022 | 23.38% |
| Dec 31, 2021 | 18.91% |
| Sep 30, 2021 | 17.01% |
| Jun 30, 2021 | 18.31% |