NetEase (NTES) Cash from Operations (2009 - 2026)
NetEase's (NTES) quarterly Cash from Operations came in at $1.5 billion in Q2 2026, down 2.12% on a YoY basis from $1.5 billion in Q2 2025, and down 25.87% quarter-over-quarter from $2.0 billion in Q1 2026.
Analysis
NetEase (NTES) Cash from Operations (2009 - 2026) Analysis & Trends
NetEase (NTES) has reported Cash from Operations for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations fell 2.12% year-over-year to $1.5 billion; the trailing twelve-month figure through Jun 2026 stood at $7.4 billion (up 13.9% YoY), and the FY2025 full-year result was $7.3 billion, up 33.48% from the prior year.
- Cash from Operations eased to $1.5 billion in Q2 2026 per NTES's latest filing, from $2.0 billion in the prior quarter.
- Across five years, Cash from Operations topped out at $2.1 billion in Q4 2025 and bottomed at $722.0 million in Q1 2022.
- Historically, Cash from Operations has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2023.
- The sharpest annual moves came in 2024 and 2025: Cash from Operations declined 17.7% in 2024, then jumped 66.43% in 2025.
- Over 5 years, Cash from Operations stood at $1.3 billion in 2022, then advanced by 29.47% to $1.6 billion in 2023, then gained by 10.46% to $1.8 billion in 2024, then rose by 15.37% to $2.1 billion in 2025, then dropped by 29.67% to $1.5 billion in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered $1.5 billion, $2.0 billion, and $2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 73.81 Bn | 63.67 Bn | 3.13 Bn | 1.47 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | -242.00 Mn |
| 3 | Take Two Interactive Software | 40.29 Bn | 38.47 Bn | 882.50 Mn | -168.80 Mn |
| 4 | Roblox | 32.49 Bn | 29.45 Bn | 1.18 Bn | 318.00 Mn |
| 5 | The9 | 3.01 Bn | 3.00 Bn | 319,000.00 | 750,896.18 |
| 6 | Playtika Holding | 881.03 Mn | 442.53 Mn | 538.20 Mn | 28.70 Mn |
| 7 | DoubleDown Interactive | 628.34 Mn | 74.78 Mn | 71.22 Mn | 24.63 Mn |
| 8 | Gravity | 495.39 Mn | 494.95 Mn | 34,891.11 | - |
| 9 | Sohu.com | 356.62 Mn | -476.01 Mn | 133.81 Mn | - |
| 10 | Gdev | 206.92 Mn | 124.67 Mn | - | 10.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.47 Bn |
| Mar 31, 2026 | 1.98 Bn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 1.81 Bn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 1.67 Bn |
| Dec 31, 2024 | 1.81 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 902.28 Mn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 1.64 Bn |
| Sep 30, 2023 | 1.36 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 877.14 Mn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 1.09 Bn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 722.03 Mn |
| Dec 31, 2021 | 1.31 Bn |
| Sep 30, 2021 | 972.72 Mn |