NetEase (NTES) Cost of Revenue (2009 - 2026)

NetEase (NTES) has 18 years of Cost of Revenue data on file, last reported at $1.4 billion in Q1 2026.

• Quarterly Cost of Revenue fell 4.94% year-over-year to $1.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.5 billion (changed 0.34% YoY) and the FY2025 annual result came in at $5.8 billion, up 6.32% from the prior year.
• Cost of Revenue slipped to $1.4 billion in Q1 2026, from $1.4 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.7 billion in Q4 2022 to a low of $1.3 billion in Q2 2024.
• A 5-year average of $1.5 billion and a median of $1.4 billion in 2025 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue advanced 15.67% — and 2023, when it decreased 15.86%.
• Tracing NTES's Cost of Revenue over 5 years: stood at $1.7 billion in 2022, then dropped by 15.86% to $1.4 billion in 2023, then gained by 1.8% to $1.5 billion in 2024, then declined by 4.73% to $1.4 billion in 2025, then slipped by 2.6% to $1.4 billion in 2026.
• The last three Cost of Revenue figures came in at $1.4 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.